(Update) American Express Lowe’s Business Card: $100 Instant Signup Bonus, 5% Cashback at Lowe’s, No Annual Fee

(Update 9/1/21: Official press release here. They’ve moved from a ‘points’ system to a cashback system now. Updated the post below.)

American Express has revamped their Lowe’s Business credit card. The new card has $100 signup bonus with no requirements, earns 5% back for 6 months on Lowe’s purchases, 5% discount at Lowe’s checkout on eligible purchases, and has no annual fee. (previous version of this card details here)

American Express Lowe’s Business Card

Signup Bonus

• Get $100 bonus upon approval. No requirements.
• 5% back during the first 6 months on eligible purchases made on your Card at Lowe’s.

Card Details

• 5% off every day from Lowe’s on eligible Lowe’s purchases
• 2% at U.S. restaurants, office supply stores in the U.S. and on wireless telephone services purchased directly from U.S. service providers
• 2% per dollar on Lowe’s purchases
• 1% on other purchases.
• No annual fee

Our Verdict

This could be interesting to some due to the easy $100 signup bonus. Also interesting for heavy Lowe’s users since you get 5% off at the register on eligible purchases + 2% back on the card for a total of 7% back; 10% during the first 6 months.

If your friend refers you, they can get a bonus of up to 30,000 points as well when you get approved for the Lowe’s card.

The old version of this card had no signup bonus. The dining/cell/office category is going down from 3% with the old card to 2% with the new card. Everything else seems mostly the same.

Hat tip to reader JB