Project Card

The second-largest home improvement retailer in the world has launched a new card that gives consumers a six-month project window to make as many purchases as they like without incurring any interest or required payments. Lowe’s and GE Consumer Finance have teamed to offer the new “Project Card.” Under the program the customer opens a “project window” with a project purchase of at least $1,000. The customer can continue to make purchases during the six-month project window until the project is complete, without having to make any payments or have any interest accrue. After the six-month purchase period ends, interest accruals begin and fixed monthly payments begin. Another project window can then be opened for another project. Interest rates charged are based on credit risk and currently range from 8.49% to 18.49%. The interest rates are variable and based on the prime rate. For more information visit: “http://www.lowescredit.com/projectcard”:http://www.lowescredit.com/projectcard.