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Senior Contributor
BungalowMo
Posts: 4,237
Registered: ‎05-01-2008
0

Lowe's cc

Holy Moly!  Has anyone tried to apply online for a Lowe's card recently?

 

I was going to give it a shot & see if I would be approved.  Well, I decided to DENY them!

 

Their lowest apr.....22.9!  :smileymad:

 

I just wrote a nasty letter on Planet Feedback letting them know exactly how I felt about that as a starting rate for EVERYONE!!!



Starting Score: 07/2011 TU 732 - EQ 717 - EX 702
Current Score: 06/2014 TU 739 - EQ '08 709 - EX 721
Goal Score: 850

Bury me in the garden...last app 06.18.14

Regular Contributor
UpNUp
Posts: 139
Registered: ‎08-20-2008
0

Re: Lowe's cc

[ Edited ]
I have had a Lowes (GEMB) for about a year. My APR is 21.99. That is typical of store cards. The trick is not to buy anything you can't pay in full. They do, however, have great 12 months, no payments, no interest for major purchases (over $299.00). Just don't ever carry a balance.
Message Edited by UpNUp on 05-30-2009 03:48 PM
Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008
0

Re: Lowe's cc

lol It's a store card most store cards have high APR's this is nothing new.

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Epic Contributor
Creditaddict
Posts: 20,886
Registered: ‎10-23-2007
0

Re: Lowe's cc

it's a store card, store cards other than maybe Nordstrom are lower than 20%.

but Lowes just like Home Depot offers MANY promotional 6 months and 12 months at 0% for larger purchases, so if you plan on paying it off in that time it's not an issues.

I have Home Depot and have never paid them interest which is 21.9% because I always get the promo rates. 

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008
0

Re: Lowe's cc


UpNUp wrote:
That is is very typical of store cards. The trick is not to buy anything you can't pay in full.

I agree i never carry a balance on any of my store cards. The APR would kill me slowly. If you were approved I would keep the card.

 


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Senior Contributor
BungalowMo
Posts: 4,237
Registered: ‎05-01-2008
0

Re: Lowe's cc

I hadn't applied for a store card in about 5 years.  Back then the interest was high & I figured it was because my FICO was in the gutter!

 

Oh well...I'm guessing I can still do better with a Citi card.



Starting Score: 07/2011 TU 732 - EQ 717 - EX 702
Current Score: 06/2014 TU 739 - EQ '08 709 - EX 721
Goal Score: 850

Bury me in the garden...last app 06.18.14


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