Lowe's Credit Card
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Lowes Credit Card: If you’re a homeowner or a frequent shopper at Lowe’s, one of the nation’s leading home improvement retailers, you might miss out on exclusive benefits and savings by not having your credit card in your wallet. The Lowe’s Credit Card is designed to make your home improvement projects more affordable and rewarding.

How the Lowe’s Credit Card Works

Lowe’s (LOW) offers customers various financing options for home renovation and improvement projects. The Lowe’s Advantage Card serves as the conduit for these financial incentives.

Cardholders are presented with various advantages designed to simplify their home improvement pursuits.

They can choose between a 5% discount on select purchases, six-month financing options for purchases exceeding $299, or fixed payments stretched over 84 months, coupled with a reduced annual percentage rate (APR) for purchases totaling $2,000 or more.

Additionally, Lowe’s often extends exclusive discounts and financial offers to its cardholders.

The operational mechanics of the card closely resemble those of typical credit cards. The Advantage Card entails a revolving line of credit, allowing cardholders to use it up to their approved credit limit as long as regular monthly payments are made.

To avoid interest charges, cardholders can opt to pay the full balance every month. As of June 2023, the APR stands at 28.99%, with the added perk of no annual fee.

Lowe’s Credit Card Rewards and Benefits

The Lowe’s Advantage Card offers several advantages, including:

  • 5% off eligible purchases
  • Special financing for six months on purchases of $299 or more
  • Up to 84 months of fixed payments at a reduced APR for minimum purchases of $2,000

While the 5% discount promotion cannot be combined with the six-month or special financing deals, the six-month promotion necessitates on-time minimum monthly payments and full purchase settlement by the end of the six-month period to retain the 0% interest benefit.

Failure to meet these terms results in interest being applied retroactively to the purchase. The 84-month special financing offer comprises fixed monthly payments at a lowered APR of 7.99%.

New cardholders are also greeted with certain perks, such as a 20% discount on their first purchase, capped at $100, if they open an account before June 23, 2023.

Where Can Someone Get a Lowe’s Credit Card

To apply for the Lowe’s Advantage Credit Card, interested individuals can visit any Lowe’s store, where credit decisions are made within minutes.

Alternatively, applications can be submitted online. In cases of prequalification, immediate online application and decision are possible, mirroring the in-store application process without affecting the applicant’s credit score.

Once approved and activated, the card can be employed for purchases at Lowe’s, adhering to a predefined credit limit tied to the cardholder’s creditworthiness.

It’s important to note that the Lowe’s card is solely accepted at Lowe’s outlets and cannot be used at ATMs or other retail establishments.

What Kind of Credit Is Required for the Lowe’s Credit Card

Although Lowe’s doesn’t specify the minimum credit score required for Advantage Card approval, it’s prudent to assess your credit score before applying. Meeting the approval criteria is highly likely with a good credit score, typically at 670 or higher, as per Experian.

Where Can the Lowe’s Credit Card be Used?

Since the Advantage Card is a store-specific credit card, its usage is confined exclusively to Lowe’s locations. It can also be employed for online purchases on the Lowe’s website.

However, it is not intended for general, day-to-day use at other retail establishments like a typical credit card.

Alternatives to the Lowe’s Credit Card

When exploring alternatives to the Lowe’s Consumer Credit Card, The Home Depot (HD) provides a similar credit card option. The Home Depot Consumer Credit Card extends the same 0% interest for six months of benefit, akin to the Lowe’s card.

However, its APR, ranging from 17.99% to 26.99%, is contingent on creditworthiness. Therefore, individuals with excellent credit profiles may secure a lower APR than the Lowe’s card.

For substantial purchases, Home Depot offers a distinct card known as the Project Loan Card. This card facilitates loans of up to $55,000, repayable over 90 months at a fixed APR of 16.24%.

Terms and Conditions of the Lowe’s Credit Card

Like any credit card, the Lowe’s Consumer Credit Card comprises terms and conditions necessitating a thorough review.

These terms and conditions encompass the APR, late payment fees, penalties, and other crucial information.

The following represents the Advantage Card’s updated information as of February 2021:

  • APR: 28.99%
  • Late Payment Fee: Up to $40 for consumers who fail to meet the minimum payment deadline.

Cardholders opting for the 0% financing offer for purchases exceeding $299 must remain aware that failing to pay off the full purchase within six months triggers retroactive interest dating back to the purchase date.

Simply making the card’s minimum monthly payment doesn’t guarantee a full purchase settlement within six months. Consequently, borrowers seeking to avoid unforeseen interest charges should vigilantly ensure they clear their balances within six months.

Who Should Consider the Lowe’s Credit Card

The Lowe’s Advantage Credit Card holds substantial appeal for home improvement enthusiasts and do-it-yourself aficionados who regularly patronize Lowe’s.

Even if special financing deals remain untouched, cardholders who frequently purchase home improvement products can enjoy substantial annual savings via the 5% discount promotion.

For instance, an annual spend of $2,000 at Lowe’s translates to a $100 savings over the year.

Individuals embarking on significant do-it-yourself home renovations can leverage the card to their advantage if they prefer not to cover the entire upfront cost. By opting for 84-month financing at 7.99% APR, they minimize their interest payments compared to most conventional credit cards.


For dedicated Lowe’s shoppers, the Lowe’s Advantage Card warrants serious consideration. It imposes no annual fee and features a lower APR than other retail credit cards.

Cardholders can opt for a 5% discount on everyday purchases or leverage the option of special six-month financing for purchases exceeding $299. Notably, those making purchases exceeding $2,000 can choose fixed payments spread across an 84-month term, accompanied by a reduced APR.

It’s essential to remember that, like other retail cards, this card is exclusively valid at Lowe’s locations and on the company’s website.

Frequently Asked Questions

How can I obtain a Lowe’s credit card?

To secure a Lowe’s Advantage Card, you have two options. You can visit any Lowe’s store to complete the application process. Alternatively, you can evaluate your prequalification status without impacting your credit score by applying online. If you meet the criteria, you can proceed with the formal application. Regardless of your chosen method, you’ll receive a decision within minutes, be it through an in-store or online application.

Where can I use my Lowe’s credit card at stores other than Lowe’s?

The Lowe’s Advantage Card is exclusively tailored for in-store purchases at Lowe’s. Regrettably, it is not usable for everyday purchases at alternative retailers. However, it is worth noting that this card can be utilized for online transactions at Lowes.com.

Does the Lowe’s credit card contribute to building credit?

Indeed, similar to various credit products, the Lowe’s Advantage Card can be a useful tool for enhancing your credit profile. To ensure this, it’s imperative to make regular, timely payments. Neglecting to meet payment obligations could hurt your credit score.

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