Lowe's Launches Project Card, New Credit Card for Home Improvement Purchases

Home improvement chain Lowe's has launched the Project Card,

a new credit targeted to consumers doing large home improvement

projects. Unlike the Lowe's credit card that already exists,

the Project Card offers a six-month interest-free, no-payment

window as long as overall purchases on the card total $1,000

or more. After that, regular interest kicks in and monthly payments

the Project Card is essentially offering a six-month same-as-cash

deal in a different package, it does offer one interesting difference.

Although you have to begin paying on your card at the completion

of your six-month "project", you can start another

project with a new six-month window immediately afterwards.

So, if you're re-doing a bathroom in the spring, you can delay

paying on it for six months, then move on to your kitchen and

get a six-month window for the kitchen as well. You'd be paying

on the completed bathroom improvement at that point, but not