Closed my Lowe's

[Anonymous]

Decided to close my Lowes card. I only use it a couple times a year for fridge water filters and HVAC filters. Don't see any major projects coming up in my house as it is fairly new. Didn't need the $30k as a util buffer. No regrets.

[Anonymous]

Lowe's is definately the most worthless card in my portfolio.  Haven't used it since 2012.  It's the one card I actually wouldn't be sad about if issuer cancelled for non-use, but the dang thing keeps hanging on.  OTOH, I've never seen any benefit in calling to cancel it, so I'll just let it atrophy.

Chris.

[grillandwinemaster]

 Congrats!

I just 86'd my Lowes as well. Out with the dead weight!

[pipeguy]

Well I can't fault you for closing a card you don't need, but in my case Lowes is a great card that offers zero percent financing and extended low interest rates on major projects - it is one of the few store cards I expect to keep and I use (Amazon, Lowes and Home Depot are my only store cards). 

[myjourney]

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@Anonymous wrote:

Decided to close my Lowes card. I only use it a couple times a year for fridge water filters and HVAC filters. Don't see any major projects coming up in my house as it is fairly new. Didn't need the $30k as a util buffer. No regrets.

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Congrats on the removal of dead weight

What's more impressive is something I see to much emphases on but not in your case

You manage your portfolio as not to need UTL buffer cards ....Double kudo

[Anonymous]

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@pipeguy wrote:

Well I can't fault you for closing a card you don't need, but in my case Lowes is a great card that offers zero percent financing and extended low interest rates on major projects - it is one of the few store cards I expect to keep and I use (Amazon, Lowes and Home Depot are my only store cards). 

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No doubt it is a great card! I will def be back when I need to do some large upgrades.

[Anonymous]

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@myjourney wrote:

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@Anonymous wrote:

Decided to close my Lowes card. I only use it a couple times a year for fridge water filters and HVAC filters. Don't see any major projects coming up in my house as it is fairly new. Didn't need the $30k as a util buffer. No regrets.

---

Congrats on the removal of dead weight

What's more impressive is something I see to much emphases on but not in your case

You manage your portfolio as not to need UTL buffer cards ....Double kudo

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Thanks!!

[jeffery581]

I like the 5% discount and promotional 0%. What ever works for you imo.

[Anonymous]

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@jeffery581 wrote:

I like the 5% discount and promotional 0%. What ever works for you imo.

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I figured for my couple purchases I will buy a Lowes or HD gift card with my BCP to get the 6% CB.

[Anonymous]

I was thinking of closing my Lowes card but with the 0% financing options I think I will leave it open.  It's at $8,500 for me.  On the other hand, I did close J. Crew two nights ago.  Had a $8,800 CL.  Hated to get rid of a card with a great limit on it but I found myself buying a pair of socks or a $20 wallet just to keep the thing active.  I now only have 1 store only card and that's Lowes.  Always need Windex, cleaning rags, light bulbs, household cleaners and small stuff Lowes sells in the meantime.  Have 9 Visas and Mastercards I refuse to close.  I began with 12 Comenity cards and got kinda lucky at getting the ones co-branded with major credit cards.  Using those helped me step it up to Citi, Chase, Synchrony, and Blispay.  It all worked out in the end.