American Express OPEN announced an extension of the Lowe’s Business Rewards Card program which will continue to enable small business Card Members to earn rich rewards and get 5% off at Lowe’s every day when they use the Card on eligible purchases. The Card is designed for small businesses and built to help home improvement contractors, building and construction companies, property management companies and others optimize their business spending.
The Lowe's Business Rewards Card has no annual fee and allows Card Members to earn Lowe’s Business Rewards2 points on eligible Lowe’s purchases and on other business-specific categories, including:
- 3X points per dollar at U.S. restaurants, U.S. office supply stores and on wireless telephone services purchased directly from U.S. service providers;
- 2X points per dollar on Lowe's purchases; and
- 1X points on other purchases.
Terms and limitations apply2. Points can be redeemed for Lowe’s Gift Cards and American Express® Gift Cards.
Card Members can earn unlimited Lowe’s Business Rewards points that never expire. Card Members may redeem points for Lowe's Gift Cards, American Express Gift Cards, Gas Rewards Cards and Outdoor Rewards Cards3.
Lowe’s Business Rewards Card Members also get 5% off every day from Lowe’s on eligible Lowe’s purchases. Plus, Card Members can access additional benefits to help run their business including OPEN Savings4 and Lowe’s ProServices.
"We’re thrilled to extend our partnership with Lowe’s and continue to offer rich value to small businesses,” said Audrey Hendley, Senior Vice President, American Express Global Commercial Payments. “The Lowe’s Business Rewards Card gives small business owners the tools they need to better manage spending and earn rewards they can invest towards future growth."
The Lowe's Business Rewards Card from American Express is available at all Lowe's retail locations. To learn more and apply visit: www.open.com/lowes or call 877-673-6947.
About American Express OPEN
American Express OPEN offers the money, tools and know-how to help you get business done. Through innovative products and services, we help businesses with short-term financing, business management tools, cross border payments, global currency solutions and travel. Learn more about American Express OPEN at www.OPEN.com.
Eligible Purchases are purchases for goods and services minus returns and other credits. Eligible purchases do NOT include fees or interest charges, cash advances, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of any cash equivalents.
Merchants are assigned codes based on what they primarily sell. A purchase will not earn additional points if the merchant’s code is not eligible. Purchases made through a third-party payment account or on an online marketplace (with multiple retailers) will not earn additional points. A purchase may not earn additional points if the merchant submits the purchase using a mobile or wireless card reader or if you use a mobile or digital wallet.
When using your Card to pay for gasoline, we recommend you prepay inside the station rather than paying for gasoline at the pump. However, if you pay for gasoline at the pump please note many pumps seek a preauthorization before allowing you to use the Card which could be up to $75 or more. This is called a “Preauthorization Request”. If you have insufficient funds on your Card to cover the “Preauthorization Request”, the Card may be declined. When a merchant submits this Preauthorization Request, we will hold the amount of the Preauthorization Request until the final transaction is cleared. If the total cost of your gasoline purchase is less than the Preauthorization Request, we will release the difference between the total gasoline purchase and the Preauthorization Request, typically within 8 business days. During the period when funds are temporarily held, funds will not be available for use.