Ready to start your next home project and considering a store credit card to finance it? Check out this Home Depot vs. Lowe’s Credit Card comparison to help you decide which card offers the most benefits.
Whether you’re planning to sell or staying put, home improvement projects can increase your property value and provide you with a new home feel without the need to move. If you don’t have the cash readily available to finance your next renovation project, you may want to consider a store credit card to pay for materials and supplies. Home Depot and Lowe’s are popular places for novice homeowners completing small projects and contractors working on larger jobs. Both home improvement retailers have branded store cards with different perks, benefits, and special financing offers that could help you save on your home renovations and repairs. 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. Some consumer credit cards come with an annual fee, which you have to pay on your anniversary each year to keep the card active. If you want to avoid the annual fee, you have to close the credit card account before your next card opening anniversary. Depending on how you use the card, the annual fee may not be worth it. Whether you choose the Home Depot Consumer Credit Card or the Lowe’s Advantage Card, you won’t have to pay an annual fee. To entice you to open up a store credit card, some companies offer welcome bonuses. If you open a new Home Depot Consumer Credit Card, you can save up to $100 on your first purchase, depending on how much you buy: This offer is subject to credit approval and is only valid on a single-receipt purchase made by 1/26/22. With the Lowe’s Advantage Card, you will receive 20% off your first purchase, but there’s a catch: you have to ask for the discount when you make your in-store purchase. If you apply online, you will receive a coupon with a promotional code for 20%, which can be used in-store or online. The maximum amount you can save is $100 with this offer, and it cannot be combined with other offers.
