The card provides a tiered structure for earning rewards points. Cardmembers can redeem points for a variety of valuable business credit card rewards, including Lowe’s or American Express Gift Cards. There is no cap on the amount of business rewards a cardmember can earn and there is no expiration date to redeem the points.
Richard Flynn, senior vice president of product management at American Express Open, said: “Every month, we provide billions of dollars in working capital to small business owners who use our pay-in-full charge cards and our credit cards. Through the Lowe’s Business Rewards Card program, we will help business owners manage their spending and provide credit that they can use to run and grow their companies while earning rewards they can reinvest in their businesses.”
Larry Stone, president and chief operating officer of Lowe’s, said: “The Lowe’s Business Rewards Card is the latest way our company is adding value for our commercial customers through a unique blend of benefits and rewards. Lowe’s has always been committed to providing the best customer experience and this new product offers convenience and rewards at a time when business owners need it most.”
