Went into Lowes the other day for some paint supplies walked out with a store card with $2000 CLI and new appliances on the way on a special 84 month at 8.75% rate. Will pay off in 4 months. Took a 10 point hit on the fico.
Congratulations on your approval and your new appliance deal!
Good for you. Mine started off at $2,000. $25,000 a year later. You made a wise choice on the financing of appliances. In that situation, leaving a balance on the card is expected.
I have FICOs in the 780s. Synchrony just sent me a pre-approval for a BP gas card which has an APR of nearly 29%. My Lowes card is 24.99%. It's insanely high so I never leave a balance on the card.