Maximizing your savings is a top priority for most people, and finding ways to pay off your credit card balance can be challenging. However, did you know that you can use a gift card to pay off your Lowe’s credit card? This user experience shows you how to make the most of your savings and pay off your Lowe’s credit card with a gift card. Read on to find out how.
Lowe’s is one of the most popular home improvement stores in the United States. As a one-stop shop for all your home project needs, Lowe’s offers everything from appliances and tools to lumber, flooring, paint, and more. Many customers finance large purchases at Lowe’s using the Lowe’s credit card or Lowe’s Business Rewards card. This allows you to take advantage of 5% off everyday purchases and special financing offers when tackling big home projects.
If you have a Lowe’s credit card you likely want to pay your bill on time each month to avoid interest charges. But what if you receive a Lowe’s gift card for your birthday or holidays? Can you use gift cards to pay down your Lowe’s credit card balance?
Ways To Pay Your Lowe’s Credit Card Bill
There are several ways to pay your Lowe’s credit card bill each month:
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Online through your Lowe’s account
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By phone through the automated system
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By mail with a check or money order
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In person at any Lowe’s customer service desk
Paying online or by phone are the most convenient options. A lot of people who shop at Lowe’s want to know if gift cards can also be used to pay their credit card bill.
Are Gift Cards Accepted for Credit Card Payments?
You can’t use a Lowe’s gift card to pay your Lowe’s credit card bill directly, which is too bad. Gift cards can only be used to buy things and get services at Lowe’s stores and on Lowes.com. com.
You cannot enter a gift card number when making a payment through the automated phone system or online portal. Lowe’s also does not accept gift cards for credit card payments made by phone, mail, or in person.
While you can’t pay your actual credit card bill with a gift card, there are some workarounds to put gift card funds towards your Lowe’s balance.
How To Use Lowe’s Gift Cards For Your Credit Card Bill
If you get a Lowe’s gift card and want to use it to pay off your credit card debt, you can do one of two things:
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Get a Money Order: Go to any Lowe’s store and show your gift card at the customer service desk. You can use the money on your gift card to buy a money order. Send your payment slip and a money order made out to Lowe’s credit card payments. You can use the value of the gift card to pay your bill by mail, minus a small money order fee.
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Buy Merchandise to Resell: Use the gift card to purchase popular Lowe’s items, then resell them for cash. Use the cash to make an online, phone, or mail payment to your credit card. Shop clearance appliances, tools, gadgets, etc. to maximize profit. This takes more time but gets cash from a restricted gift card.
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Exchange for Visa Gift Card: Exchange your Lowe’s gift card for a branded Visa or Mastercard gift card at the customer service desk, likely with a small exchange fee. You can then use the card number to pay your Lowe’s credit card online, by phone, or through any processor.
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Get Cash Back with Purchases: When checking out with your gift card, get cash back if you go over the card balance. For example, make a $50 purchase with a $25 gift card, then get $25 cash back to put towards your credit card.
Making Regular Lowe’s Credit Card Payments
While you can’t directly use gift cards to pay your bill, Lowe’s offers easy and convenient regular payment options:
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Pay online through your Lowe’s account by debit card, bank account, or e-check. Sign up for automatic payments to avoid missed deadlines.
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Pay by phone using the automated system with your credit/debit card or bank account information. Avoid fees by not choosing express pay.
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Pay by mail with a personal check or money order to the payment address on your statement. Allow 5-7 days for delivery.
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Pay in person at any Lowe’s customer service desk by cash, check, or card. Get a receipt as proof of payment.
Be sure to pay at least the minimum due every month by the due date. Pay in full whenever possible to avoid interest charges.
Making the Most of Lowe’s Gift Cards
While you can’t directly use Lowe’s gift cards for credit card payments, you can enjoy great savings with them:
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Use gift cards for expensive items like appliances to get interest-free financing.
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Save gift cards for bigger projects rather than small purchases.
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Buy discounted gift cards to maximize savings on big ticket items.
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Stack gift cards with Lowe’s coupons, sales, and credit card 5% off for huge discounts.
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Re-gift unused gift card balances to friends/family planning Lowe’s purchases.
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Purchase gift cards for yourself to hedge against future price increases and get 5% off.
Lowe’s gift cards make excellent gifts and provide savings on future Lowe’s purchases. You can’t directly use them for credit card payments, but a bit of creativity can free up gift card funds to put towards your balance. Using gift cards along with credit card financing offers and payment best practices helps you shop smart at Lowe’s.
Frequently Asked Questions
Can I use a gift card to pay my Lowe’s credit card balance?
Unfortunately, Lowe’s does not allow you to directly pay your Lowe’s credit card bill with a Lowe’s gift card. Gift cards can only be used for purchases within Lowe’s.
What are some workarounds to use a gift card for my credit card bill?
Some options are purchasing a money order with the gift card, exchanging it for a Visa gift card, buying merchandise to resell, and getting cash back on purchases.
How do I make regular Lowe’s credit card payments?
You can pay your Lowe’s credit card bill online, by automated phone system, by mail, or at the customer service desk. Be sure to pay by the due date to avoid fees.
Can I enjoy savings with a Lowe’s gift card?
Yes, Lowe’s gift cards can provide great savings on purchases and interest-free financing on big ticket items. You can maximize savings by stacking with coupons and sales.
What are the benefits of using gift cards and credit financing at Lowe’s?
Using both gift cards and Lowe’s credit card financing allows you to spread out payments interest-free while also saving money on purchases. This makes completing big home projects more affordable.
Using Lowe’s gift cards along with credit financing offers provides excellent savings on your home improvement projects. While you can’t directly use gift cards to pay your bill, creative workarounds help free up those funds to put towards your balance. Take advantage of all the savings and financing tools Lowe’s offers to tackle home projects while staying on budget.
Can I use multiple gift cards to pay my Lowe’s credit card balance?
Yes, you can use multiple gift cards to pay your Lowe’s credit card balance.
What types of gift cards are accepted for Lowe’s credit card payments?
Lowe’s accepts gift cards from major retailers such as Amazon, Target, Walmart, and Visa, among others.
