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