Lowe’s Credit Card: A complete Guide and Review

Lowe's Credit Card

How the Lowe’s Credit Card Works?

Lowe’s is a financier that offers financing opportunity to customers in completing their home renovation and improvement on their projects through a credit card known as Lowe’s Advantage Card.

With Lowe’s Credit Card, cardholders are sure of a daily discount of 5% on their purchases. Financing options on purchases extension and a fixed payment for 84 months with a reduced annual percentage rate (APR) on purchases.

Our Credit Card work just like any other, the impact our advantage card offers (revolving line of credit) made a difference.

Cardholders are at liberty to use their card to an approved limit when regular payments are made monthly. They can also avoid interest charges by paying off their full balance monthly.


  • The discounts and financing option are a few of the benefits enjoyed by our esteem customers that made the difference.
  • Discount options to be enjoyed are listed for cardholders to select from depending on what suits them.
  • Paying your bills after the close date but before the due date earns you more credit score that guarantees you, Lowe Advantage Card.
  • The normal APR for the Lowe’s Advantage Card is 26.99%

Rewards and Benefits of the Lowe’s Credit card

Benefits of Lowe’s Advantage Card are as follows:

  • satisfactory purchases are given 5% off
  • Purchases for six months receive special financing or more
  • While 84 months of fixed payments are at reduced APR

Be aware that, when 5% off promotion with the six-month or special financing deals including the six-month promotion, minimum payments must be made on time while the pay off the full amount of the purchase is done by end of the six months. If not, 0% interest been the pre-condition will be withdrawn and the interest applied to the purchase.

Lowe’s Advantage Card offers a certain bonus to prospective cardholders.  For example, when a new account is opened before January 31, 2022, the cardholder will automatically receive a 20% discount on his first purchase worth $100.5.

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Where to Get a Lowe’s Credit Card

Interested persons keen to apply to get Lowe’s Advantage Credit Card can hurriedly go to Lowe’s store for prequalification. You can apply thereafter and also note that the prequalification does not affect your credit score.

Haven met the necessary preconditions, and your card is approved and activated, the cardholder can start using it for purchases at Lowe’s to his/her creditworthiness. This card is only acceptable at Lowe’s and not to any other retailer or automated teller machine (ATMs).

Lowe's Credit Center

Type of Credit Required for the Lowe’s Credit Card

The good thing at Lowe’s is that there is no minimum score needed from an intending cardholder for approval of Advantage Card but you can check your credit score before applying though hence having a good credit guarantee you a better chance to qualify which is about 670 and higher according to Experian.

Where to Use Lowe’s Credit Card

Lowe’s Advantage Card haven has been a store credit card, you can’t make purchases with it in other stores or locations other than in Lowe’s locations and the company’s website (Lowes.com) for it is not a regular credit card.

Substitute to the Lowe’s Credit Card

It will interest you to note that, despite the incredible offers Lowe’s Credit Card has to satisfy cardholders, the Home Depot (HD) offers the same operational uniqueness.

The similarities are seen in 0% interest for six months benefit. Its APR varies from 17.99 to 26.99% based on creditworthiness. In fact, to Home Depot, if you have excellent credit, you are entitled to pay a lower rate.

Another unique feature of Home Depot (HD) from Lowe’s is that HD offers a separate card called Project Loan Card. For it provides loans of up to $55,000 payable over 90months at a fixed APR of 16.24%.3

Terms and Conditions of the Lowe’s Credit Card

In every operation, there exist terms and conditions as a guiding principle, therefore Lowe’s Consumer Credit Card terms and conditions are not exceptional and should be reviewed carefully. They include the APR, late payment fees, penalties, and others.

Find the information for the Advantage Card which was updated some times in February 2021.

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  • APR: 26.99%
  • Late Payment Fee: A default fee of $40 is charged for the failure of making the minimum payment by the due date

We should also know that making the cards minimum payment each month is not always enough to pay off the purchase in full within six months. Therefore, cardholders who may choose a 0% financing offer for purchases of $299 or greater and do not pay off the full purchase within six months have interest double.

As a result of the foregoing, borrowers need to be vigilant of not leaving any balance behind once the six-month period has ended to avoid surprise interest charges.

Who are the Target Users of Lowe’s Credit Card

The target market of Lowe’s credit card is customers who intend and willing to improve their homes.  With special financing deals or not, a cardholder who make purchase of home improvement related items and products can significantly save money 5% every year off promotion.

This means when a cardholder purchase for a year is equivalent to $2000, he or she tactically saved $100 for that year.

Most of the beneficiaries of Lowe’s credit card are persons planning a major self home renovation and is not willing to foot the whole bills upfront. While financing the cost over 84 months at 7.99% APR, the cardholder pays considerably less interest while using Lowe’s card.

The Bottom Line

Cardholders of Lowe’s Advantage Card must attest to the fact that the exceptional Credit Card services fully packaged can’t be overemphasized.

The benefits include no annual fee and also a lower APR than some other retail credit cards. You are at your liberty to take a 5% discount on your everyday purchases or better still take advantage of special financing for six months on purchases made over $299. The card can be used at Lowe’s locations and also the company’s website.

Frequently Asked Questions

How to have access to Lowe’s Credit Card?

To get Lowe’s credit card, all you need to do is to apply for Advantage Card at any Lowe’s location, you also need to go online to fill out the application after which you can check whether you prequalify. If qualified, then proceed to the application phase which will take minutes to get a decision of applying online or in-store.

At what other stores can I use my Lowe’s credit card?

You can’t use the Lowe’s, Advantage Card. That’s because it’s a store card only. This means you can’t use it at other retailers for everyday purchases. But you can use the card online at Lowes.com.

The usage of this card is limited only to Lowe’s hence it is a store card only and also to Lowes.com

Does the Lowe’s Credit Card Build Credit?

Very well, Lowe’s credit card can build your credit only if you make regular payments.


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