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I think it would be worth it if you are looking to build your credit and establish a good credit history. You can spend a little and pay it off and it will in the end benefit you.

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12y ago
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Q: Would it be worth getting a Lowes credit card if you only spend 40 50 a month there?
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Once you pay off a high balance on a credit card how soon will that affect your credit score?

Once you have paid the credit card balance off it will affect your score the following month. This is because the credit agencies only update your credit once a month. So the month following the payment would reflect the new balance of $0 and the score would be raised at that time.


What happens when you dont pay the credit fee that is due every month?

If you don't pay the credit fee or payment each month, your credit will suffer.


What should you consider before making a choice of which Visa credit card to apply?

You should think about how good you are at paying off your credit card month to month when considering a credit card. If you pay off your credit card well, you can look at getting a rewards card of some kind. If you usually leave a balance, you should look for a card with a lower interest rate from Visa.


What is the minimum amount that you should charge on a credit card?

each credit card is different. An example is that for a capitol one credit card the minimume for the card is 15 a month. Another example i know is that if you spend more than 429 at bestbuy on the bestbuy credit card you would have to divide the purchased amount by 18 and that is how much you would pay each month until the full amount is payed off.


How does a person go about building their corporate credit?

A person goes about building their coperate credit by getting a secure credit card. only charge what you can pay off in full, pay on time every month, avoid applying for numerous accounts, check your progress, after a year apply for an unsecure credit car.

Related questions

When does one have to pay their credit each month?

Most credit cards have differing payment times throughout the month. It is best to ask the company you are looking into getting a card from or your current company to ask them their deadline.


How much does Lowes Store Management make?

100000 a month


Once you pay off a high balance on a credit card how soon will that affect your credit score?

Once you have paid the credit card balance off it will affect your score the following month. This is because the credit agencies only update your credit once a month. So the month following the payment would reflect the new balance of $0 and the score would be raised at that time.


What information would I need when applying for a credit card?

It would be beneficial to make an appointment with a financial adviser at your local bank to make sure you are getting the credit card best suited for your needs. You would need to know how much you are likely to spend per month, a suitable interest rate, and if you would like rewards.


What would constitute a responsible use of credit?

A responsible use of credit is paying off your credit cards each month. Another example of using credit responsibly is using it when you need it only.


What is an Example of good credit?

Paying off all credit cards each month Paying off all credit cards each month


What happens when you dont pay the credit fee that is due every month?

If you don't pay the credit fee or payment each month, your credit will suffer.


What should you consider before making a choice of which Visa credit card to apply?

You should think about how good you are at paying off your credit card month to month when considering a credit card. If you pay off your credit card well, you can look at getting a rewards card of some kind. If you usually leave a balance, you should look for a card with a lower interest rate from Visa.


I would like to get a small loan to pay off some small bills. I do have bad credit. Is it possible to get a loan at this time at all?

Is it completely impossible NO. Getting one right now would be extremely difficult. Your credit being bad is really what will hurt you. If you can try to build your credit over a 6 month period then you may be able to get a small loan to help you out. And the economy may be better at that time.


What is an example of exhibiting good credit?

Paying off all credit cards each month Paying off all credit cards each month


What is the minimum amount that you should charge on a credit card?

each credit card is different. An example is that for a capitol one credit card the minimume for the card is 15 a month. Another example i know is that if you spend more than 429 at bestbuy on the bestbuy credit card you would have to divide the purchased amount by 18 and that is how much you would pay each month until the full amount is payed off.


Printable Lowes Coupons?

Lowes has online coupons. Couponmom.com is a great site for printing coupons. After registering with your name, address, and confirming the details, you will be able to print coupons for free!