Lowe’s is my favorite home improvement store. Although I frequently make purchases at Home Depot and Sutherland’s as well, Lowe’s is my preferred home improvement store. In saving money on lumber, hardware, tools, etc., the most money saving strategies apply at Lowe’s. Here are a few:
Purchase Home Depot coupons on Ebay
On Ebay you can purchase Home Depot 20% off coupons. Lowe’s accepts competitor coupons. So most Lowe’s will honor the Home Depot coupons. Check with management before making a purchase to make sure your local Lowe’s will honor it. Depending on the cashier, Lowe’s will often times apply the 20% off discount even to sales merchandise. Recently I purchased a Dewalt drill and hammer drill combo. The retail was $199.99. The sales price was $179.99. Lowe’s then took 20% off the $179.99, lowering the price to $143.99!
Use a Discover Card
If you have a Discover card, then 3 months out of the year the credit card will provide a 5% cash back bonus for purchases at home improvement stores, including Lowe’s. While at Lowe’s, if you find gift cards you like, and if you purchase them during the set 3 months, Discover will provide a 5% cash back bonus for this as well. Lowe’s also has a credit card that provides a 5% discount, but this discount does not apply when other discounts are in play.
Purchase Lowe’s gift cards through Gift Card Granny
Typically you may purchase Lowe’s gift cards through Gift Card Granny for about 10% off the value. If you do this, pay attention to the amount on the card. In my experience, about 15 to 20% of the time the card may have no credit on it. The card distributors are good about issuing refunds when this is the case, if you notify them within a stated time period like 60 to 100 days. Also, on one gift card we purchased, the amount mysteriously disappeared. Again a refund was easily obtained, but one must stay on top of it. So this may be a money saving strategy to use for a particular purchase and not use this tactic ongoing.
Take advantage of Lowe’s competitive policies
Lowe’s advertises that they will beat competitor’s sale prices. If Home Depot has an ad for something on sale, take the ad to Lowe’s and receive an additional 10% off Home Depot’s advertised price, provided that Lowe’s doesn’t have the same item already on sale.
Bringing it all together
One business in our area is Sutherland’s, who give 20% off nearly everything on major holidays. On July 4th, I took Sutherland’s ad to Lowe’s and asked if they would beat their competitor’s prices. They would! So I purchased several hundred dollars of merchandise and received 20% off (like the Sutherland’s ad stated), plus another 10% as Lowe’s beat their competitor’s prices, plus 5% cash back on my Discover Card, plus the tax savings by having the discounts applied. All in all, I saved roughly 35% with these simple strategies. Now the policy of beating competitor’s prices by 10% is actually for specific items advertised, not a percentage off sale on everything. However, it all depends on the casher and manager that day.
As I said, Lowe’s is my favorite home improvement store. The money savings is one of the reasons why. Happy shopping!
photo credit: Mike Mozart, Lowe’s via Flicker cc License – 8/13/16 with no changes