If you don’t prefer either store, this Home Depot vs. Lowe’s Credit Card comparison can help you choose which card is best for you and your wallet.
Features:
Perks: 1 full year return policy (90 days for non-cardmembers).Everyday financing: 6 months no interest on purchases of $299 or more if paid in full within 6 months.Special financing: Up to 24 months on special promotions with minimum purchase requirements.
Features:
Perks: Exclusive cardmember events.Everyday financing: 5% off purchases or 6 months no interest on purchases of $299 or more if paid in full within 6 months.Special financing: 84 months fixed monthly payments with 7.99% APR on $2,000 or more purchases.
Whether you choose the Home Depot Consumer Credit Card or the Lowe’s Advantage Card, you won’t have to pay an annual fee. Winner: It’s a tie because both cards don’t charge an annual fee. The Lowe’s Advantage Card gives you access to special cardholder events, but what’s offered varies, and there isn’t a consistent schedule provided. Winner: Home Depot Consumer Credit Card because you can extend your 90-day return policy to a full year. While Lowe’s offers special cardholder events, offers vary and no consistent schedule. The Lowe’s Advantage Card has the same offer, which is also subject to credit approval. But you have a choice with this store credit card: you can choose the everyday financing promotion or 5% off your purchase. These offers can’t be combined, but if you’re making a purchase of less than $299, you still get the 5% savings, which you won’t get with the Home Depot Consumer Credit Card. You can also choose to get the 5% off on larger purchases if you don’t need the extra time to pay it off without interest. Winner: Lowe’s Advantage Card takes the cake because they offer the same no-interest offer on purchases of $299 and more for six months as Home Depot. Also, Lowe’s offers 5% off a large selection of ordinary purchases. The Lowe’s Advantage Card offers Fixed Pay Financing for those who qualify based on credit. If you make a purchase or order of $2,000 or more using the store credit card, you can enjoy 84 fixed monthly payments at 7.99% APR instead of the standard APR. This offer cannot be combined with other promotional offers. Winner: Lowe’s Advantage Card has better offers in this category. While neither card can combine their special financing offers with other orders, Home Depot’s offers are time sensitive and subject to change. If you need to make a large purchase, one of the special financing offers available through each store credit card could help you save big on your home improvement or repair. Both store credit cards require good or better credit to qualify for these special offers, so you may want to check your credit score if you don’t know what yours is before you apply. The Home Depot Consumer Credit Card offers up to a year to return purchases made with the card. If you aren’t sure about something you bought or tend to take longer to return things, this might be the better choice for you. However, the Lowe’s Advantage Card gives you access to cardholder event promotions, like a certain percentage off your purchase.
Home Depot Commercial Account Card: There are no spending limits or minimum required payments. Instead, you choose a 30-day or 60-day payment term. If the card is not paid in full during this timeframe, a late fee of $35 may be assessed, and you could be subject to a higher APR.Home Depot Commercial Revolving Charge Card: Get employee cards, purchase tracking, online account management, itemized statements, 12-month return policy, and a Pro Xtra membership with additional perks.Lowe’s Business Credit Cards: Earn 5% off purchases with 24/7 online account access, discounted delivery fees, several options for invoicing, and free returns for a year. The Lowe’s Business Advantage Credit Card offers 0% interest for 60 days on qualifying purchases. With the Lowe’s Business Rewards Card, you can earn 5% on the first six months of purchases and 2% thereafter, plus get $100 cashback once approved on new accounts. This card can be used anywhere American Express is accepted.
