I’m not one that’s much for signing up for individual store credit cards. They often hurt your credit score, plus it’s one more thing to keep track of. If you’re a creature of habit that knows what bills you pay every month, you might forget all about making a payment if you don’t use the card regularly. This could be devastating to your credit score.
Despite these risks, I’m thinking about getting a Lowe’s credit card. Right now, my Citi Dividends credit card has a 5% cash back on all home improvement store purchases. But that’s only good for three months at a time, and is set to run out June 30th.
Now, Lowes’ has recently announced that for all purchases made on a Lowe’s card, you get a 5% discount on your purchase.