Skilled people working in construction site. Hispanic man at work in new house. Portrait of happy latino worker using manual forklift to move hardware and smiling at camera concept: construction credit cards
Maja Mirosavljevic
By: mmirosavljevic
Read in 14 minutes

Best Store Credit Cards for Your Construction Company

If you run a construction company, you probably get some of your building materials and equipment at large retailers, specialized in home improvements and construction tools. Naturally, you’ve noticed that they offer store credit cards to be used in their stores, and now you’re wondering whether it is the best option for your construction company.

Luckily, you are in the right place. After reading this article, you’ll get your answer and even more options perfect for your construction company’s financial situation and needs.

Learn here how Camino Financial small business loans compare to credit cards, and check for yourself we can be a better alternative!

Are Construction Credit Cards from Stores Your Only option? 

In business world, the more informed you are, the more tools you have, and there are more and better alternatives to finance your construction company. Maybe a credit card won’t be the right option for every construction company given that they come with high interests and different fees. Moreover, if they aren’t used properly, credit cards can hurt your credit and harm your business in the long run.

For all of those who are looking for another alternative, a business loan could be a better option, especially if you find a reliable lender and affordable terms. One such lender is most certainly Camino Financial. We can offer you business loans with:

  • A wide range of options in loan amounts and payment terms, to match the unique needs of your business.
  • Fixed monthly payments, so you can avoid the unpleasant surprises often associated with credit cards.
  • Only the closing fee.
  • Reasonable interest rates.
  • No SSN or credit history required.
  • Possibility to upgrade to a second loan for a larger amount and at a lower interest rate after only9 months of timely payments.
  • Safe and quick loan process: you can get the funds for your construction company in just 2 days.

Best Store Credit Cards for Your Construction Company

Below you’ll find detailed information about each of these credit cards.

  1. Lowe’s Advantage Credit Card
  2. Home Depot Project Loan Card
  3. Home Depot Consumer Card
  4. Store Credit Card

If you still think that a store credit card is the right choice for your construction company, then keep on reading to discover the best ones.

1. Lowe’s Advantage Credit Card

  • Ideal for construction companies that usually go to Lowe’s for buying materials and light equipment.
  • Minimum credit score required to qualify: 620
  • Regular APR: 26.99% (fixed)
  • Late payment fee: up to $38.
  • No annual fee.
  • How it works: The credit card offered by Lowe’s, one of the main home improvement retailers in the US, gives you 5% off each purchase. However, this discount can’t be combined with other discounts or coupons. For purchases of $299 or more, instead of a 5% discount, you can opt for six months of deferred-interest financing. Meaning that there is no interest if you pay the full amount within six months. Also, for purchases of $2,000 or more, Lowe’s Advantage Credit Card gives you:
    • 36 fixed monthly payments at 3.99% APR
    • 60 fixed monthly payments at 5.99% APR
    • 84 fixed monthly payments at 7.99% APR

Just have in mind that this isn’t automated services but on request.

2. Home Depot Store Credit Cards

 Home Depot offers two types of store credit cards.

2.1. Home Depot Project Loan Card

  • Ideal for: construction companies that often shop at Home Depot.
  • Minimum credit score required to qualify: 600.
  • Regular APR: 7.42% to 19.96%
  • No late payment fees.
  • No annual fee.
  • How it works: This card doesn’t offer any rewards or discounts, but it gives you a loan amount of up to $55,000 and a six-month window to spend that money. During that period, you need to pay interest on the funds you borrow. After that period, you have seven years to pay the balance off.

2.2. Home Depot Consumer Card

  • Ideal for: individuals who make regular mid-size purchases at Home Depot.
  • Minimum credit score required to qualify: above 600.
  • Regular APR: 17.99% – 26.99%
  • Late payment fee: up to $38.
  • No annual fee.
  • How it works: this card provides you six months of deferred interest on purchases of $299 or above. Besides, it makes you eligible for more extended deferred-interest periods during special promotions.

3. Amazon Store Credit Card

  • Ideal for: construction companies that prefer getting their supplies online.
  • Minimum credit score required to qualify: 640
  • Regular APR: 25.99%.
  • Late payment fee: up to $38.
  • No annual fee.
  • How it works: this credit card offers 5% cashback on Amazon purchases for Prime members and special financing period on purchases of $149 and more. To become a Premium member, you need to subscribe to Amazon Prime, which costs $99.

Local retailers credit cards

Apart from Amazon and the two national big chains dedicated to home improvement and construction materials, there are probably local stores and suppliers near you that may also offer credit card programs, so make sure you look into it.

Other Credit Cards Ideal for Your Construction Company

If you thought that would be all, you are wrong. There are some other credit cards that could be a perfect solution for your construction company, so scroll down.

4. Cash Freedom Unlimited

  • Ideal for: usual business expenses.
  • Minimum credit score required to qualify: Above 750
  • Intro APR: 0% on purchases and balance transfers for 15 months.
  • Regular APR: 14.99%–23.74% (variable).
  • No annual fee.

5. American Express Cash Magnet Card

  • Ideal for: general business expenses.
  • Minimum credit score required to qualify: Above 700.
  • Intro APR: 0% on purchases and balance transfers for 15 months.
  • Regular APR: 13.99% to 23.99% (variable)
  • No annual fee.
  • Late payment fee: up to $39.
  • Balance transfer fee: $5 or 3% of the amount of each transfer.

6. Discover it Cash Back

  • Ideal for: constructors who need more cashback.
  • Minimum credit score required to qualify: Above 700
  • Intro APR: 0% on purchases and balance transfers for 14 months.
  • Regular APR: 11.99% – 22.99% (variable)
  • No annual fee.
  • Late payment fee: None the first time you pay late. After that, up to $39.
  • Balance transfer fee: 3% of the amount of each transfer.

Read this article if you want to check more options for the best best credit cards for your small business.

Pros and Cons of Store Credit Cards for Construction Companies

Store credit cards are very similar to regular credit cards, so it’s not difficult to understand how they work. They are usually issued by a retailer with the purpose to pay with credit for the goods your construction company needs. In other words, you use this card to purchase building materials or equipment that you can pay off over time, making a minimum payment every month.


  • Easy way to make purchases and track your expenses

You always have funds in your pocket to make purchases, even if you currently don’t have the cash. This is a great benefit for construction companies, that have some of the longest payment terms (they have to wait longer than most industries to get paid by clients for finished projects). Credit cards, in general, can be a good solution for the lack of cash flow faced by many construction companies.

  • You can get discounts and earn points to redeem on future purchases

Construction retailers offer discounts and perks only for people who use credit store cards. For instance, you can get up to 20% off and save some money on your purchases.

  • 0% Intro APR in some of them

This means that you won’t be charged interest on your purchases for a year. That’s why it’s important to check what your APR (annual percentage rate) will be and how it will affect your debts.

  • You don’t need to have a high credit score required to qualify

Therefore, you can quickly get a store credit card without a hitch.


  • They can only be used in the brick and mortar store or in the online one

Their use is pretty limited if you need to buy some supplies for your construction company somewhere else.

  • They don’t build your credit

Remember that having a solid credit history will increase your chances to qualify for other types of financing, like a business loan.

  • Higher interest rates than regular credit cards

This means that you will pay more interest when you carry a balance and it will probably take you longer to pay back your debts.

  • They tend to have low credit limits

Therefore, store credit cards are not very helpful for you to make a big purchase.

Other FAQs About Construction Credit Cards

What is the best store credit card to get?

It will depend on the needs of your construction business and your purchasing habits. While the Costco Anywhere Visa® Card by Citi is one of the preferred store credit cards among consumers, obviously it won’t cover the needs of a construction business. If you make frequent purchases online, the Store Credit Card recommended above is a good option. If you have a Lowes or a Home Depot nearby and you like getting your supplies in person, the other options are good alternatives.

What is the easiest credit card get approved?

Target REDcard and Walmart Credit Card have fewer requirements than other store credit cards, but again, they may not fit your business needs. Among the list above, probably Home Depot Consumer Card is your best choice since it has the lowest minimum credit score required to qualify.

What is the easiest credit card to get with bad credit?

If you have bad credit, we recommend you to select a credit card among this list of the best credit cards for bad credit. After a while and once your credit score is stronger, you can upgrade to any of the construction credit cards of your choice.

Do store credit cards help your credit?

Yes, a store credit card can help you build solid credit. Store credit cards offer lower credit limits than regular credit cards, but they still can help improve your credit score if you manage them properly. Remember to keep your utilization ratio as low as possible, and also follow the tips below.

How should I use a store credit card?

  1. Always pay your credit card bills on time to avoid late payments and additional fees.
  2. Maintain the usage of your credit card below 30% of the total credit limit.
  3. Use your credit card for smaller business purchases since with expensive assets come high-interest rates.
  4. Don’t get carried away with shopping just to get rewards.
  5. Don’t use a business credit card for your personal expenses.
  6. Research carefully terms and fees to avoid unnecessary expenses.

For more useful tips on the proper use of your credit cards, read this comprehensive guide Do’s and Don’ts When Using a Business Credit Card.

Waist up portrait of cheerful young woman wearing hardhat smiling happily looking at camera while posing confidently in production workshop, copy space. concept: store credit

Compare and apply: construction credit cards or loans

Store credit cards might be useful in sporadic ocasions, but we know that your business won’t always buy what it needs from the same store, and definitely having multiple credit cards will play against you. First you need to write a growth plan for your business and what you need to see it realized. If a loan is the answer for you, then it’s time to forget about multiple credit cards and take the next step.

How to get a business loan for your construction company and ensure the growth of your business

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