American Express OPEN, a payment card issuer for small businesses, has extended its partnership with home improvement retailer Lowe’s Companies for Lowe’s Business Rewards Card programme.

The collaboration allows small business card members to earn rewards and avail 5% discount at Lowe’s every day when they use the card on eligible purchases.

Designed for small businesses, the card is expected to help home improvement contractors, building and construction companies, property management companies and others optimise their business spending.

Available without any annual fee, the Lowe’s Business Rewards Card offers 3X points per dollar at US restaurants, US office supply stores and on wireless telephone services purchased directly from US service providers, 2X points per dollar on Lowe’s purchases, and 1X points on other purchases.

Furthermore, cardholders can earn unlimited Lowe’s Business Rewards points that never expire and can be redeem for Lowe’s Gift Cards, American Express Gift Cards, Gas Rewards Cards and Outdoor Rewards Cards.

American Express Global Commercial Payments senior vice president Audrey Hendley said: “We’re thrilled to extend our partnership with Lowe’s and continue to offer rich value to small businesses. The Lowe’s Business Rewards Card gives small business owners the tools they need to better manage spending and earn rewards they can invest towards future growth.”