WalletHub Rating
3.5/5
The Lowe's Credit Card is one of the best store credit cards on the market right now. It offers 5% back on all purchases and has a $0 annual fee. Applicants only need a minimum of fair credit to get approved for the Lowe's Credit Card, too. Just make sure to read the terms of any promotional financing offer before opting for it. Info about the Lowe's Store Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
User Reviews
3.6/5
708 reviewsRead and write reviews
Editor’s Review
3.0/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
3.6
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Earn Rewards (Store Cards)” for this card.
Fees
5.0
Rewards
3.5
Cost
3.6
Other Features
0.0
3.6/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Excellent Credit, Good Credit, Fair Credit
Annual Fee
$0
APR on Purchases
0% - 9.99% intro APR for 6 - 84 months, 28.99% APR after that
Balance Transfer
Balance Transfers Not Allowed
Rewards
Get 20% off your purchase today when you open and use your card (up to $100 discount). Exclusions apply.
Choose between 5% off every day and special financing.
Lowe's Store Card's Additional Info
•
Deferred Interest Details: No interest if paid in full within 6 months on purchases of at least $299.
•
Limited time offer: Deferred Interest Details: No interest if paid in full within 12 months on Appliances, Installed Heating, Ventilation and Air Conditioning purchases of at least $299.
•
Fixed Rate Financing: 9.99% APR for 84 months on minimum purchases of at least $2,000.
•
Online bill pay and account management.
show more
at Synchrony Bank's secure site
Editor's ReviewFact checked
Fact checked
John Kiernan, Managing Editor
December 12th, 2023
Fact Checked by Alina Comoreanu
Senior Researcher
Lowe's Store Card Pros & Cons
No membership fees
20% discount initial rewards bonus
Qualify with fair credit
High regular APR
Lowe's Store Card Review
3.0 / 5
The Lowe's Credit Card is one of the best store credit cards on the market right now. It offers 5% back on all purchases and has a $0 annual fee. Applicants only need a minimum of fair credit to get approved for the Lowe's Credit Card, too. Just make sure to read the terms of any promotional financing offer before opting for it.
Lowe's Store Card Review Highlights
Here’s what you need to know about the Lowe’s Store Card before you apply.
- Way better for rewards than financing. The Lowe’s Credit Card lets you choose between saving 5% on everything you buy at the store and paying down big-ticket purchases with “special” financing. But it’s an easy decision, considering what’s hiding within the financing promotion: a feature known as “deferred interest”. You can get a 0% intro rate for six months on purchases of at least $299, but if you miss a due date along the way or don’t repay your full balance by the six-month mark, interest will retroactively apply to your original purchase amount at the full regular rate. So what seems like a great way to save money could easily end up costing you big-time.A better approach is to use the Lowe’s Card to earn rewards on purchases you can repay within a single billing period and get a 0% credit card that’s not associated with a particular retailer for purchases you’ll pay off over time.
- Extremely high regular APR. If you’re not convinced that carrying a balance from month to month with the Lowe’s Store Card is a bad idea, just consider the rate at which you’ll pay interest when its standard terms are in effect. The regular APR is well above the average among credit cards for fair credit – the minimum credit standing required for Lowe’s Card approval.
- No annual fee is nice. This makes the Lowe’s Credit Card $21.64 cheaper than the average card and enables you to maximize your savings.
- Fairly easy to get approved for. You only need “fair” credit to get approved for the Lowe’s Store Card. That, combined with its lack of an annual fee, makes the Lowe’s Card a decent choice for low-cost credit improvement. If you aren’t sure how good your credit is, you can check your credit score for free on WalletHub
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Compare The Lowe's Store Card vs. Popular Alternatives
 Lowe's Store Card |  USAA Preferred Cash Rewards Credit Card |  Citi Custom Cash® Card |
|---|---|---|
3.5WalletHub Rating WalletHub Rating 3.5 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 3.0 User Reviews 3.6 Market Comparison 3.6 fees: 5.0 rewards: 3.5 cost: 3.6 Other Features: 0.0 | 4.7WalletHub Rating WalletHub Rating 4.7 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 3.5 User Reviews 3.7 Market Comparison 5.0 fees: 5.0 rewards: 5.0 cost: 5.0 Other Features: 5.0 | 4.8WalletHub Rating WalletHub Rating 4.8 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 4.4 User Reviews 3.5 Market Comparison 5.0 fees: 5.0 rewards: 5.0 cost: 5.0 Other Features: 5.0 |
annual fee$0 | annual fee$0 | annual fee$0 |
Purchase Intro APR0% - 9.99%for6 - 84 months | Purchase Intro APR0%for15 months | Purchase Intro APR0%for15 months |
transfer intro aprNot Offered | transfer intro aprNot Offered | transfer intro apr0% for 15 months|Transfer Fee: 5% (min $5) |
Regular APR28.99% | Regular APR17.15% - 31.15% variable | Regular APR19.24% - 29.24% (V) |
rewards rate | rewards rate | rewards rate |
bonus offer20% discount | bonus offerNone | bonus offer$200 |
Lowe's Credit Card Reviews FAQ
Can't find what you are looking for? Submit your question about Lowe's Store Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card. In addition, WalletHub independently collected information for some of the cards on this page.
Most Popular
How can I pay my Lowe's Credit Card?
6
Upvotes
Reply
6
1
Maria Adams, Credit Cards Moderator
@m_adams
The easiest way you can pay your Lowe's Store Card is either online or over the phone at (800) 444-1408. Alternatively, you can pay your credit card bill in-store or by mail.
Here's how you can pay your Lowe's Store Card:
- Online: You can pay your Lowe's Store Card online, either by signing into your account or paying as a guest. You can even set up AutoPay to have your bill paid automatically each month.
- Over the phone: If you want to...
How do I apply for the Lowe's Credit Card?
51
Upvotes
Reply
51
36
WalletHub
@WalletHub
The easiest way to apply for theLowe's Store Cardis by filling out an applicationonline. Alternatively, you can apply for this card in person, at any Lowe's store location. You cannot apply for the Lowe's Store Card over the phone.
How to Apply for the Lowe's Store Card Online
- Visit the Lowe's Store Card webpage and click on the “Apply Now” button.
- Fill in the last 4 digits of your Social Security number and your phone number.
- Provide...
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8
View more answers
How can I check my Lowe's credit card balance?
7
Upvotes
Reply
7
1
Brianne Larch, WalletHub Credit Card Analyst
@BrianneLarch
The easiest way you can check your Lowe's Store Card balance is by either logging in to your online account or calling customer service at (800) 444-1408. Alternately, you can check your Lowe's Store Card through the issuer's mobile app.
How to Check Your Lowe's Store Card Balance
1
What bank issues the Lowe's Credit Card?
2
Upvotes
Reply
2
Leon Denerus, WalletHub Analyst
@Leo.DC
The Lowe's Store Card is issued by Synchrony Bank. This issuer is one of the largest providers of credit cards in the United States, mostly issuingstore credit cards.
What you should know about the Lowe's Store Card:
The Lowe's Store Card is intended for applicants with fair credit. The card's key feature is 5% discount on anything you buy at the store. You also get 20% off first purchase, up to $100 discount. Plus, the Lowe's Store Card's annual fee is $0.
This card has a WalletHub editor's rating of...
3
What is SYNCB/LOW on my credit report?
6
Upvotes
Reply
6
WalletHub
@WalletHub
SYNCB/LOW on your credit report refers to the Lowes Credit Card, issued by Synchrony Bank. SYNCB stands for Synchrony Bank, while LOW means Lowes.
Seeing SYNCB/LOW on your credit report is nothing to worry about if you have the Lowes Credit Card or you recently applied for it.
If you do not have the Lowes Card and did not recently apply for it, you should file a dispute with the credit bureau that produced the credit report...
4
1
What's the Lowe's Credit Card customer service number?
Upvotes
Reply
Sarah Bilkins, WalletHub Credit Card Analyst
@sarah.bilkins
The Lowe's Store Card customer service number is (800) 444-1408. By calling this number, you get in contact with a live representative who should be able to answer your question or direct you to the appropriate department.
How to Talk to Lowe's Store Card Customer Service
- Call Lowe's Store Card customer service at (800) 444-1408.
- Say or enter your card number or your Social Security Number.
- Say the reason for your call.
- Wait to speak to a...
What Lowe's credit card promotions are there?
13
Upvotes
Reply
13
1
Maria Adams, Credit Cards Moderator
@m_adams
Current Lowe's Store Card promotions include a 5% discount on all Lowe's purchases and 6 - 84 months of 0% - 9.99% deferred/reduced interest on big-ticket purchases. The Lowe's Store Card gives you a choice between the two. The card's regular APR is 28.99%.
Occasionally, Lowe's also runs limited-time credit card promotions for all cardholders.
Here are the Lowe's Store Card promotions:
- 5% discount: You can get a 5% discount on everything you buy at the store.
- 0% - 9.99% deferred/reduced interest: You can pay down big-ticket...
3
View more answers
How can I qualify for Lowe's Credit Card pre-approval?
5
Upvotes
Reply
5
Evelyn Boros, Credit Cards Moderator
@evelyn_boros
You can qualify for the Lowe's Store Card pre-approval if you have at least fair credit and your other financial information matches the issuer's specific criteria for pre-approved offers.
You can also check if you pre-qualify online, without hurting your credit score. Pre-qualification doesn't guarantee approval, but it does give you around a 80% - 90% chance of approval if you choose to apply.
However, if you do prequalify and want to get the card, you will need to submit an...
5
What credit score do you need for the Lowe's Credit Card?
5
Upvotes
Reply
5
2
Tommy S Davidson, WalletHub Analyst
@tdvdson94
The credit score that you need for the Lowe's Store Card is 640, at a minimum. That means people with at least fair credit have a shot at getting approved for this card.
Other Lowe's Store Card Approval Requirements
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Lowe's Store Card, too. Some other key criteria include your income, existing...
3
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How do I check my Lowe's Credit Card application status?
2
Upvotes
Reply
2
1
Rhonda Stewart, WalletHub Loans Analyst
@rhonda
You can check your Lowe's Store Card application status over the phone at(800) 444-1408.If you're not instantly approved for the card, you might have to wait 7-10 business days to receive a decision in the mail.
In case your application is denied, you could ask the issuer for a reconsideration by calling the number mentioned above. There's no guarantee they will change their decision, but it's definitely worth a try.
People Also Apply For
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Lowe's Store Card Reviews
Share your insights and review for the Lowe's Store Card
5
32%
4
35%
3
13%
2
5%
1
15%
3.6
708 reviews
708 reviews
What's Your Rating?
Most Recent
Garry
@garryp_11
5 Star Rating
It's great to have this account I can depend on it for my hardware needs as well as my plumbing needs and all my building supplies
Comment
arnoldt_3
@arnoldt_3
1 Star Rating
They took the liberty of decreasing my credit limit, because my score went down. Unfortunately, how credit works is as you use it you get penalized. I’m not happy about that!
Comment
1
shaunda melton
@shaundam_1
5 Star Rating
Great card to have for emergencies and holidays. I needed it for roofing materials and it worked out great. I paid it off before the 6 months of free interest.
Comment
keshellmartin
@keshellmartin
5 Star Rating
I love this card awesome would likely recommend. Great offers and discount soon as you sign up and approved. Can use a virtual card and still receive the discount.
Comment
Debra
@picsandposters123
5 Star Rating
I love shopping at Lowe's. Their products are reasonably priced so it doesn't increase my balance too much. I can find items here that are cheaper than at the grocery store -cleaning products, light bulbs, etc.
Comment
Judy
@cdm4100
5 Star Rating
I will always do business with s Lowe’s. They are a great place to do business and I have always paid on time. Never been late one time
Comment
Joseph
@josephslone26
1 Star Rating
Interest is crazy high stay away if possible. The interest is almost the same as my monthly min payment. When I get it paid off I’ll never use again.
Comment
Scott
@morton_sr
5 Star Rating
Great service for me as a contractor, Lowes has been there for me. Started with a $800 credit limit about 8 years ago with a cr score of 620, today better cr score and higher cr limit. Thanks Lowes, Synchrony bank.
Comment
Andrea
@parkbldr
1 Star Rating
Lowered my credit limit when I had 0 balance on every credit card. Ruined my credit score for no reason. Held up my payments to them because I paid in full. That revented me from using the card for the 5% discount, after they sent me a preaaproval!
Comment
1
Brian King
@KeyKing
1 Star Rating
Do not get. Never missed a payment, Never been late. Still closed my account. Not worth it. No appeal process.
Gives you the runaround when you call.
Comment
1
medinajames119
@medinajames119
I agree they ruined my credit with their stupid computer deciding and not reviewing accounts. Dropped credit limit it sucked 39points from my credit score. Three months later closed the account for 2 return pmts that where repaid the very next day. DO NOT GET THIS CARD.
Comment
Review Lowe's Store Card
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I'm an avid follower of personal finance and credit card markets, and I'm thrilled to share my insights on the Lowe's Credit Card. My expertise in credit cards, financial products, and ratings allows me to provide a comprehensive analysis of the information presented.
The WalletHub Rating of 3.5/5 indicates that the Lowe's Credit Card is considered one of the best store credit cards currently available. This rating breakdown is based on user reviews (3.6/5) and the editor's review by John Kiernan (3.0/5). The Market Comparison score of 3.6 is crucial, as it measures how the card's terms compare to over 1,500 credit card offers.
Breaking down the WalletHub Rating, we see that the card excels in fees (5.0), rewards (3.5), and cost (3.6), with other features contributing 0.0 to the overall score.
Key terms associated with the Lowe's Credit Card include:
- Accepted Credit Scores: Excellent Credit, Good Credit, Fair Credit.
- Annual Fee: $0.
- APR on Purchases: 0% - 9.99% intro APR for 6 - 84 months, 28.99% APR after that.
- Balance Transfer: Balance Transfers Not Allowed.
- Rewards: Get 20% off your purchase today when you open and use your card (up to $100 discount). Choose between 5% off every day and special financing.
The card offers various financing options, including deferred interest details and fixed-rate financing. The review highlights that the Lowe's Credit Card is excellent for rewards but cautions against carrying a balance due to its high regular APR. The absence of an annual fee makes it an attractive option, especially for those with fair credit.
As for user reviews, there's a consensus that the Lowe's Credit Card is beneficial for specific needs, such as home improvement projects, but users warn about the high regular APR.
For those considering applying, a credit score of at least 640 is recommended. Synchrony Bank issues the Lowe's Credit Card, and the application process can be completed online.
In conclusion, while the Lowe's Credit Card has its merits, users should be cautious about the high regular APR and carefully consider their usage patterns to maximize benefits and minimize costs.
