(EXPIRED) Lowe’s Amex Offer: Save 10% On Up To $1,000 Spend

Update 6/1/20: Similar to the Staples Amex Offer, this is the last month to use the Lowe’s Amex Offer.

The Deal

• Get 10% back as a statement credit by using your enrolled American Express Business Card on eligible purchases in-store at Lowe’s or online at Lowes.com or LowesforPros.com.

Key Terms

• Expires June 30, 2020.
• Limit $100 in total statement credits.
• Offer valid in-store at Lowe’s (excluding any Lowe’s Outlet(s)) and online at Lowes.com or LowesforPros.com.
• Valid at participating locations in US.
• Excludes any Lowe’s branded website that is operated by a third party on behalf of Lowe’s, including but not limited to https://applianceparts.lowes.com/, https://lowesstore.wgiftcard.com/, https://blinds.lowes.com/, as well as the sale of any electronic or corporate gift cards.

Tips & Ideas

This is a sweet deal as the $100 in total statement credits means this is good on up to $1,000 of spend. Lowe’s stores have an excellent range of gift cards on their rack, including Visa, Mastercard, Amazon and Best Buy.

I’ve also noticed that they tend to carry grocery store gift cards like Kroger, Giant, etc., depending on which stores are in your area. This Lowe’s Amex Offer can therefore be used to buy gift cards to save 10% off your groceries or gas at those stores.

Otherwise, buying a couple of $500 Visa or Mastercard gift cards will give you more than $85 profit even after accounting for liquidation costs.

Update: Nick at FM made a good point that Lowe’s has velocity limits, so you don’t want to get $1,000 of the same type of gift card in the same transaction or even within a few minutes of each other. I made that mistake last year where my card got charged but the gift card wasn’t activated. I was able to get it resolved, but it was a bit of a hassle and I had to do a chargeback on my credit card.

Also, I went to a Lowe’s store this afternoon and they didn’t have any $500 Visa or Mastercard gift cards, nor $500 Amazon gift cards – the maximum was $200. I’m not sure if that’s location/store-specific, or if all Lowe’s stores have those restrictions now. It’s less of an issue for Amazon as you can still max that out with five cards, but it means you’d be paying much more in activation fees for Visa and Mastercard gift cards.

I’d thought it was targeted at business cards, but apparently some people are seeing the offer on some personal cards too.