Lowe's Credit Card Reviews: 600+ Advantage Card RatingsReviews, rates, fees, and rewards details for The Lowe's Store Card. Compare to other cards and apply online in secondsJohn KiernanWalletHubNo membership fees20% discount initial rewards bonusQualify with fair creditHigh regular APR
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 "Improve Credit by Paying in Full Each Month." 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.
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
715 reviewsRead and write reviews
Editor’s Review
3.0/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
2.8
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 “Improve Credit by Paying in Full Each Month” for this card.
Fees
5.0
Rewards
0.0
Cost
4.2
Other Features
0.0
2.8/5
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, 31.99% 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.
Earn 1.25x points toward MyLowe’s Money™ with Silver Key status.
As a Cardholder, get FREE Silver Key status in the MyLowe’s Rewards loyalty program.
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.
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 $21.58 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
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 "Improve Credit by Paying in Full Each Month." 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
2.8
fees: 5.0
rewards: 0.0
cost: 4.2
Other Features: 0.0
3.7WalletHub Rating
WalletHub Rating
3.7
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 "Earn Gas Rewards." 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
4.7
User Reviews
3.7
Market Comparison
3.5
fees: 5.0
rewards: 3.0
cost: 3.6
Other Features: 0.0
4.3WalletHub Rating
WalletHub Rating
4.3
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 "Improve Credit by Paying in Full Each Month." 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.
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.
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 pay by phone, call (800) 444-1408 and follow the prompts.
In-store: You can also make a Lowe's Store Card payment in any Lowe's store location, at the customer service desk.
Via mail: Lastly, you can also pay your bill by sending a check (but not cash) to:
Lowe's P.O. Box 530914 Atlanta, GA 30353-0914
You should note that paying your credit card bill by mail takes the longest. Make sure to send it at least 7 days before the due date, so that it won't be late. Write your name and credit card number on the check, too.
The easiest way to apply for the Lowe's Store Card is by filling out an application online. 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 Cardwebpage and click on the “Apply Now” button.
Fill in the last 4 digits of your Social Security number and your phone number.
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
Online: Log in to your online account to see your Lowe's Store Card balance.
Over the phone: Call (800) 444-1408 and follow the prompts to have the automated system read your current balance.
The Lowe's Store Card is intended for applicants with fair credit. The card's key feature is 1.25 points per $1 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.
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...
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.
The best Lowe's Store Card promotion is 20% off first purchase, up to $100 discount, exclusions apply. Cardholders do not need to do anything specific to take advantage of this Lowe's Store Card promotion, as it applies automatically There are a few other noteworthy Lowe's Store Card promotions to take advantage of as well.
Lowe's Store Card Promotions for April 2024
20% off first purchase, up to $100 discount, exclusions apply.
An introductory APR of 0% - 9.99% for 6 - 84 months on purchases (31.99% regular APR after that). Note, though, that this is deferred interest; if you miss...
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...
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...
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.
Share your insights and review for the Lowe's Store Card
5
32%
4
35%
3
12%
2
5%
1
15%
3.6
715 reviews
715 reviews
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Lanigan Vitaceae @laniganvitaceae
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1 Star Rating
Verified Customer
After years of paying on time and periodically paying it off, they just decided to reduce my balance. We usually keep a low balance but had thought we'd buy a few tools on sale and would have plenty of available credit. Nope! Not since they lowered my balance by hundreds of dollars. Now my credit score is worse, too. Why punish people for not doing anything wrong and actually buying tools on sale?
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capt_bennett @capt_bennett
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1 Star Rating
Ridiculous interest rates are typical with Synchrony Bank credit cards. I have excellent credit, an excellent payment history, I never pay late, and I even pay off early, but none of that matters to Synchrony Bank. Their rate is 28.99%, so if you make a $100 purchase and neglect to pay it off quickly, the amount to pay back is $128.99. You are giving them $28.99 just for using the card. If that isn't considered unreasonable, I don't know what is. I work in law enforcement and serve about 20 civil papers a week that Synchrony files against people, and I am one deputy of 12. Out of all the card companies out there, Synchrony is the most egregious. Do yourself a favor and stay away from these companies that charge extremely high interest rates.
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jakereis @jakereis
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1 Star Rating
Full of traps to get late fees and interest from you. Logging in and viewing statements has issues, and you can't set up auto-pay on deferred parts only. It's the worst store card I've used. I would suggest, if you get it, to use it only for non-deferred or only for deferred purchases.
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Robert Dickerson @rpd3334life
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1 Star Rating
After a late fee, which I admit was my fault, and the fact that they are charging a $1.99 fee for paper statements, I decided to cancel my account. The representative was nice but seemed indifferent to the fact they were losing a customer. So, goodbye Lowe's and hello Home Depot!
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Everett Smith @everett1049
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2 Star Rating
2 Stars Is For Synchrony Bank's Customer Service. The people you talk to are unprofessional; one even hung up on me today while I was trying to get an answer. Called one of my banks to get the answer I needed. I will be canceling the card after my check clears. Lowe's should take a hard look at this Mickey Mouse bank they're working with, because this will unfortunately reflect on them.
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Shane H @holman_mba
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2 Star Rating
Closed in less than 5 months. I had a slight decrease in credit score (30 points or so), and Synchrony entirely closed this card within 4-5 months. So beware, this is a very anti-consumer card, and you will have to use this card sparingly, basically not at all, to keep it open and ensure nothing changes in your credit, or it will be gone.
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Leslie Halbert @lester6801
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1 Star Rating
If you ever have a dispute, you might as well save all your time and effort and consider it a lesson learned. Synchrony Lowe's does not evaluate all documents sent in.
They advocate for Lowe's. It doesn't matter if Synchrony receives a Certificate of Completion not signed nor initialed. It doesn't matter if they received an email from Lowe's ASM Operations manager that installation is still in process almost 30 days past the date of the Certificate of Completion.
It doesn't matter if your dispute is about the quality of goods and services. The installer is unscrupulous and covers up all the large gaps around the windows with trim.
If anyone has a resolution, please post.
Truth Be Known,
Leslie
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Garry @garryp_11
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5 Star Rating
Verified Customer
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
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arnoldt_3 @arnoldt_3
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1 Star Rating
Verified Customer
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!
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shaunda melton @shaundam_1
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5 Star Rating
Verified Customer
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.
* WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Home Depot® Credit Card, Sears Credit Card, Menards Credit Card, Target Credit Card, and Lowe's Store Card
WalletHub is an independent comparison service.
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