Mooresville, NC, March 7, 2006--Lowe's is launching the new Project Card, which provides financing solutions for major home improvement projects.
The card allows consumers a six-month project window to make as many purchases as they like without incurring any interest or required payments.
"For many Americans, the home is the biggest investment they'll make in their lifetimes," said Larry Stone, Lowe's senior executive vice president of merchandising and marketing. "Whatever drives your passion to participate in home improvement projects - return on investment, the sense of self- satisfaction or the pride of creating a home that reflects your personal tastes - over time, home ownership proves to be one of the best investments and the project card provides a flexible financial solution for our customers."
Here's how the project card works:
- 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.
The Project Card is designed for large home improvement projects from total kitchen makeovers, to bathrooms to decks to flooring to energy efficiency upgrades. The Project Card allows customers to complete and begin enjoying their projects before they have to pay.
The Project Card is financed and managed by GE Consumer Finance. For details see Lowescredit.com/projectcard.
