Lowe's Business Rewards Card: A Detailed Overview

The Lowe's Business Rewards Card from American Express is a credit card for small business owners who regularly purchase from Lowe's and seek to maximize their expenses' rewards. Before you decide, let's evaluate its primary perks and rewards and whether the accompanying $0 annual fee is genuinely justified.

Who Is It Best For?

The Lowe's Business Rewards Credit Card works best for businesses that rack up significant purchases at Lowe's. Think contractors, landscapers, home improvement businesses, or any small shop that needs regular supplies. Its flexible point rewards and statement credits make this card a powerful tool for a Lowe's regular customer.

Recommended Credit Score

690-850 (Excellent/Good)

Annual Fee and Costs

$0, yes, you read that right. There’s no annual fee, making this card a no-brainer for businesses that already spend a good chunk at Lowe's.

Welcome Offer and Statement Credits

Start your journey with a $100 cash back bonus after spending just $3,000 in the first 3 months. That's enough to fuel a hardware haul or grab some new tools. But the rewards don't stop there.

Earning Rewards

5% cash back on purchases at Lowe’s for the first 6 months post which it drops down to 2% back after.
2% cash back at U.S. restaurants, U.S. office supply stores, wireless telephone services purchased directly from U.S. service providers.
1% cash back on other eligible purchases made from your Lowe’s Business Rewards Card.
Note: Cash back is received in the form of Lowe’s Business Rewards points that can be redeemed for statement credits or select gift cards.
Annual Percentage Rate (APR) on purchases will be a variable rate, 20.99% - 29.99%, based on your creditworthiness and other factors as determined at the time of account opening.

Card Benefits and Perks

5% discount on all eligible purchases at Lowe's: This is the card's biggest offering - significant savings on every trip to Lowe’s.
Purchase protection and extended warranty: Breathe easy knowing your new equipment is covered against accidental damage and has extended warranties.
Additional employee cards at no additional cost: Manage employee spending and track purchases with ease.
Lowe's MVP Pro Rewards Program: Access exclusive discounts and business tools, like purchase tracking and business offers.
Global Assist Hotline for travel assistance: Get help with lost luggage, medical emergencies, and other travel woes.

Why Should You Get the Lowe's Business Rewards Card From American Express?

Save 5% on Every Lowe's Purchase: This ongoing discount is a game-changer for businesses that frequent Lowe's, putting more money back in your pocket.
Simplify Your Business with Pro Perks: Access exclusive business tools, manage employee spending, and enjoy purchase protection and extended warranties for added peace of mind.
Enjoy all these perks for 0 annual fee and without any hidden costs.

But that’s not all…

You can now directly issue virtual cards on demand linked to your existing American Express credit line! Here’s how.

Fyle’s Integration With Amex For Smarter Spending

Fyle integrates directly with any American Express credit cards — *Enrollment required and fees may apply

Fyle solves the problem of dealing with paper receipts and the hassle of tracking them down through its direct integration with American Express Business Cards.

Connecting your Amex business cards to Fyle lets you easily track your expenses, collect receipts, and match and code expenses automatically without relying on broken bank feeds or delayed statements. This integration can streamline your expense management process and save you valuable time, ultimately helping your business.

Issue Unlimited Virtual Cards

Create unlimited American Express virtual cards with card limits from Fyle

Need help managing employee expenses? Forget about those old-school plastic cards and give Fyle's new approach a shot. Now, you can create American Express virtual cards for specific needs like vendor payments, budget control, software subscriptions, or even employee travel.

Customize each card with spending limits and expiry dates to help employees stick to budgets and minimize the risk of fraud. Fyle issues the virtual cards from your existing Amex credit line, so you don't have to go through the entire credit approval process again.

Make The Receipts Come To You

Track receipts for every credit card spend via text

Fyle provides a simple solution for your employees to track and monitor their credit card expenditures. By texting their receipts, Fyle seamlessly matches them with the relevant transactions, streamlining the reconciliation process. This functionality is super useful for accountants, enabling them to effortlessly gather receipts without the need for persistent follow-ups or unnecessary communication.

Instant and Automatic Reconciliations

Automatically reconcile credit card expenses instantly with Fyle

No more manual and error-prone reconciliations. Fyle matches the receipts to the right transactions and reconciles them automatically when your employees send a picture of them. Fyle also accurately codes them to your accounting software according to your GL, eliminating manual work and enabling you to close your books on time.

Easy Expense Tracking

Track employee credit card spending in real-time from Fyle's dashboard

With updated and informative dashboards, you can track employee spending, look for trends, make informed decisions, and manage your budget efficiently.

No Room For Fraud

Eliminate fraud keep your virtual card safe with Fyle

Single use virtual cards and real-time alerts prevent fraud and keep your finances safe. Your physical card number is also kept hidden for added security.

FAQs

How Does Fyle’s Integration With Amex Business Credit Cards Work?

By integrating with Amex, Fyle lets you link your current Amex cards and generate virtual cards instantly.

What Is A Virtual Card?

A virtual card is a digital version of a credit card number that belongs to the account holder’s credit line. It works like a regular card, but without the physical form. A user can use this 16-digit number to pay online instead of their actual credit card number. The purchase will appear on the account statement as usual.

How Many Virtual Cards Can Be Created On A Basic Amex Business Credit Card?

You can create as many virtual cards as you want from the basic card. They are issued on demand.

Are Virtual Cards Secure For Transactions?

Using Amex virtual cards for a purchase keeps the physical Card details hidden from the merchant. This makes the cards more secure and prevents fraud or theft. This also protects the cards in case of a data breach.

Do I Still Get Reward Points On Virtual Card Spend?

The virtual card itself does not offer any rewards or cash back to the user. But the user still gets all the benefits of the Amex funding card program they are enrolled in, such as rewards, rebates, cashback, etc., for every purchase made with the Virtual Card.

Conclusion:

Supercharge your Lowe's Business Rewards Card with Fyle. Gain access to instant receipt collection, automatic credit card reconciliations, real-time spend insights, and advanced security features.

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