@Blender wrote:
@K-in-Boston wrote:It is correct that the military discount and the 5% discount from the card do not stack, unfortunately. I have used my Lowe's card sparingly when making larger purchases and combine it with 6/12/18/24 month 0% offers. (For everything else I take the military discount and then use another rewards card to pay.) The 6 month no interest on $299+ and 84 equal payments with 9.99% APR are the only static promos, but I do receive longer ones from time to time (currently taking advantage of 0% for 12 months on a large appliance). With the military discount, it's also important to note that not all purchases are eligible, including large appliances and special orders (for example, exterior doors and installation).
My experience with the Home Depot card was a $1250 approval right after home closing and many, many HPs taken unsuccessfully to get it raised. I gave up and closed it 6 years later, applied for the Lowe's card and was immediately approved for a much larger starting line, went to $25k a few months later, and $35k about 6 months after that. Fast forward about 6 years, and I didn't use my card for a couple of years and got a CLD down to $1500, but as soon as I noticed it, asked for $35k and my limit was restored. All the Synchrony CLIs were of course SPs.
Keep in mind that CNBA cards (most Citi retail cards like Home Depot) are different for underwriting than the DSNB division (like Macy's). I would base my expectations for a credit line much closer to your experience with Best Buy than Macy's.
Very specific and I appreciate that bc that's on the list of upcoming purchases. Good to know!
Did you try to recon after HD approval? Sounds like the time between HD and Lowes your profile was a little different, maybe better.My CareCredit got a SP CLI at 91 days. How about Lowe's 25k to 35k, HP?
Discouraging bc I'm sure my BB will never grow and I won't take a HP to try it either. Dont spend enough there and I've actually thought about closing it while its still young. But I think the better card for me here is HD due to 10% military and better special financing offers. The most recent HD approvals were from used who have BK and recon'd and got way more. If i get a SL similar to BB, ill need to have a succesful recon or else it wont carry as much value for me.
Thanks
I didn't recon after the initial HD approval (didn't even know that concept existed until years later when I found these forums), but I did ask for a CLI around a dozen times over the following 6 years and was always declined (with a HP). I did some 6 month 0% interest offers, and even tried maxing the card out a few times to see if that would help. For what it's worth, my utilization was higher when I applied for that card in 2010 than it was when I applied for Lowe's, but I've never had even a 30 day late in decades of history, so my profile was always "clean." And the last HP CLI I attempted was immediately before applying for Lowe's. Answering a question you asked in another post, yes Citi can be very inquiry sensitive but YMMV.
American Express has a Lowes business card that is better than the Synchrony one, IMO. I've had it for a few years and happy with it. It has 5% off purchases like the Synchrony card, but also gives 2% back as well.
Has a pretty good intro offer right now, too.
Just sharing it in case you weren't aware of it. (Also surprised that K doesn't have it 😃).
I have both.
Both started low SL and both grew well ($35k Lowe's and $25k HD).
Use 0% all the time with no issues.
Used to shop mostly at Lowe's now mostly HD.
HD just seems more organized and better selection for me.
@digitek wrote:American Express has a Lowes business card that is better than the Synchrony one, IMO. I've had it for a few years and happy with it. It has 5% off purchases like the Synchrony card, but also gives 2% back as well.
Has a pretty good intro offer right now, too.
Just sharing it in case you weren't aware of it. (Also surprised that K doesn't have it 😃).
Recently closed AMEX green and in pop up jail for SUBs still.
@Shooting-For-800 wrote:I have both.
Both started low SL and both grew well ($35k Lowe's and $25k HD).Use 0% all the time with no issues.
Used to shop mostly at Lowe's now mostly HD.
HD just seems more organized and better selection for me.
And cheaper. I added the things I need right now to both carts and Lowe's was considerably higher. I'm leaning HD right now
@Blender wrote:
@Shooting-For-800 wrote:I have both.
Both started low SL and both grew well ($35k Lowe's and $25k HD).Use 0% all the time with no issues.
Used to shop mostly at Lowe's now mostly HD.
HD just seems more organized and better selection for me.
And cheaper. I added the things I need right now to both carts and Lowe's was considerably higher. I'm leaning HD right now
I think that's because their target demographics are slightly different. It's noticeable by their locations sometimes.
Generally, you find HDs in lower to mid-class areas, while Lowes is mid-class to upper class areas.
Unlike Walmart, where you find its in all demographic areas, but you'll notice price differences that are location specific to cater to a different local/community economy, HD and Lowes stick to location demographics more, instead of just price variants on a sliding scale.
That's been my observation anyways.
@MitchDeerfield wrote:Home Depot gets all the prime locations and Lowe's gets the second-best locations. The inside of Lowe's stores looks a bit more upscale is what you're noticing. I get the impression HD is less expensive, but I may be wrong.
I use my Citi Double Cash card at Home Depot and get 2% cashback.
If I use my Home Depot card, I get zero % back?
Lower to mid-class areas (HDs target) are normally higher traffic areas than mid to upper-class areas. Which may also help explain why the inside of Lowes looks higher class with higher prices.
@digitek wrote:American Express has a Lowes business card that is better than the Synchrony one, IMO. I've had it for a few years and happy with it. It has 5% off purchases like the Synchrony card, but also gives 2% back as well.
Has a pretty good intro offer right now, too.
Just sharing it in case you weren't aware of it. (Also surprised that K doesn't have it 😃).
The card wouldn't make any sense for me. Like the Synchrony card, the 5% is void if using the 10% military discount and the 2% is earned as Lowe's Business Rewards. AFAIK there are no extended 0% payment options with it. Worst case scenario I get 10% off and 4.5% back toward travel with Altitude Reserve or, when contactless is disabled like my local store or ordering online,10% off and a minimum of 3.1% back (usually much more) as MRs with Blue Business Plus. (And even more MRs no matter how I pay if I order online and use Rakuten.)
FWIW I find my HD and Lowe's locations to be very similar. I prefer the staff and the paint at HD, but usually go to Lowe's and find the pricing to be pretty much identical unless one is having a sale on a specific item.
@Drifter73 wrote:
@Blender wrote:
@Shooting-For-800 wrote:I have both.
Both started low SL and both grew well ($35k Lowe's and $25k HD).Use 0% all the time with no issues.
Used to shop mostly at Lowe's now mostly HD.
HD just seems more organized and better selection for me.
And cheaper. I added the things I need right now to both carts and Lowe's was considerably higher. I'm leaning HD right now
I think that's because their target demographics are slightly different. It's noticeable by their locations sometimes.
Generally, you find HDs in lower to mid-class areas, while Lowes is mid-class to upper class areas.
Unlike Walmart, where you find its in all demographic areas, but you'll notice price differences that are location specific to cater to a different local/community economy, HD and Lowes stick to location demographics more, instead of just price variants on a sliding scale.
That's been my observation anyways.
Could be.
I buy most everything online and HD has free shipping or $9 shipping on tons of stuff that Lowe's does not. I can order something like $10 worth of corner brackets and get free shipping from HD.
In addition, my Amex points are great for HD gift cards. 10000 = $100.00 with no complications.
Just my observations.