All About Lowe's Credit Card: Benefits and Rewards

Dec 18, 2023 By Triston Martin

The Lowe's Advantage Card offers top-notch savings for those who shop at Lowe's regularly and are willing to spend a lot. Unlike store cards which give you points but only if you return to the shop and spend more, the Synchrony Bank-issued Lowe's Advantage Card offers a flat 5% discount for almost everything. The annual fee is $0. These high-value discounts make the card a compelling choice for loyal Lowe's customers as well as those who have a lot of home improvement spending elsewhere and could quickly transfer that to Lowe's. This article is all about lowe's credit card: benefits and rewards.

Benefits Of Getting a Lowes Credit Card

No Interest Charges

Lowes Credit Card offers its customers a revolving credit line. Lowe's credit card users can purchase items at discounted prices in its store, and they don't have to pay interest. They just need to make sure that they pay off the balance before the end of each month. This credit card is for you if you're confident of getting your money by the end of the month.

It's Easy to Apply

It takes only a few minutes for the card to be approved. After your card is approved, it can be used immediately to purchase items at Lowe's store or online. The quick approval and activation make it easy for those just starting work and who need to purchase a few home appliances. You won't have to take out a loan with a high-interest rate to purchase a few items for home improvement.

Save 5%

Lowe offers a 5% discount when you purchase an item using your credit card. Although it may not seem like much, this can add up to hundreds of dollars in savings over the long term. The Lowes Credit Card lets you earn 5% on everything you buy in their stores because a dollar saved equals a dollar earned.

Six Months At 0% Interest

You can choose to get the 5% discount instead of taking the 0% interest for six months when you spend $299 or more. This arrangement allows you to spend money like you're using your savings. Instead of saving up to six months to purchase the appliance, you will need to buy it immediately with Lowe's credit card. You'll then be able to pay the minimum monthly payments until you have cleared the balance.

Huge Savings on Home Renovations

Lowes Credit Card has a 36-, 60-, and 84-month special financing rate that requires monthly fixed payments. Monthly payments are subject to a lower Annual Percentage Ratio of 3.99%, 5.99%, 7.99% and 7.99%. These rates can be used to save money on projects like a DIY home renovation.

Instant Sign-Up Bonus

When you are authorized for the Lowe's Advantage Card, you will get a voucher redeemable for 20 percent off your first purchase (with a maximum savings of one hundred dollars). This is in contrast to the sign-up bonuses that are only available after you have been approved for a credit card.

Certain brands, taxes, and fees are not eligible for discounts, for example, and the same goes for gift cards. Maxing out the offer for large purchases like refrigerators or carpeting is a simple matter. Additionally, the possibility of receiving an immediate bonus may influence your decision to use a particular credit card over another.

Who Should Consider the Lowe's Credit Card?

Lowe's Advantage Credit Card has excellent benefits for home-improvement gurus and DIY-ers who shop at Lowe's. The 5% discount promotion can help cardholders who purchase a lot of home improvement products save substantial money every year, even if they don't use the financing. A cardholder who spends $2,000 annually at Lowe's can save $100 each year.

A card is an excellent option for anyone who plans to do a major home renovation but doesn't want to spend the whole amount upfront. The cardholder pays significantly lower interest rates than most credit cards by financing the cost over 84 monthly at 7.99% APR.


The Lowe's Advantage card is an excellent option for loyal Lowe's shoppers. The card has no annual fees and an APR that is lower than other retail credit cards. You have the opportunity to receive a 5% discount on everyday purchases or special financing for six months on purchases over $299. Fixed payments can be made over 84 months for a lower APR if you spend more than $2,000 on your investment. This card is not available at Lowe's stores or on the company's site, as with other retail cards.

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