How do I apply for the Lowe's Credit Card?

A credit score of 640 or higher is needed for a Home Depot® Credit Card; this means that you need to have a fair credit score to get it. That’s the case for both the Home Depot® Credit Card and the Home Depot® Business Credit Card. Both Home Depot credit cards are store cards, meaning they can be used only at Home Depot. Their 640+ credit score requirement is consistent with that of other store credit cards.… read full answer

Just having the credit score needed for a Home Depot card doesn’t guarantee approval. Other factors taken into account include income, employment status, payment history, debt level and more.

Here are the requirements to get a Home Depot® Credit Card:

• Credit score requirement: Minimum 640 credit score (fair credit).
• Age requirement: Must be at least 18 years old. If under 21 years old, must have proof of independent income or a co-signer.
• Residency requirement: Must be a U.S resident. Address must be a physical location in one of the 50 U.S. states or Washington D.C. No P.O. box addresses will be accepted.
• Basic application info: Includes full name, address, phone number, Social Security number and birthdate.
• Application financial info: Includes monthly rent or mortgage payment, residence status (own/rent) and total annual net income (annual income after taxes).

If you get approved for the Home Depot® Credit Card, you will receive a credit limit of at least $300. For the Home Depot® Business Credit Card, your credit line will be at least $500.

Just bear in mind that the credit score needed for a Home Depot® Credit Card could also get you a number of good credit cards that can be used anywhere. For example, the Capital One QuicksilverOne offers 1.5% cash back on all purchases, but comes with a $39 annual fee. For business owners, Capital One Spark Classic gives 1% cash back on all purchases and has a $0 annual fee.

Lowe's uses synchrony, so yes you can. I have the home credit card and I used my on 10/10/2019 to buy an LG refrigerator. You can buy anything that's for your home.

You can increase your Lowe's Store Card credit limit by making a request online or over the phone at (800) 444-1408. Alternatively, you may also get a Lowe's Store Card credit limit increase without asking, if your account is in good standing.

To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update your income. You will be more likely to get a credit limit increase if the revised income clearly shows that you can afford a higher limit.… read full answer

How to Get a Lowe's Store Card Credit Limit Increase Online

1. Log in to your online account.
2. Click “Services,” and then “Request Credit Increase”.
3. Enter the required information and your new desired limit.
4. Confirm the information entered and submit your request.

You should receive a decision in just a few seconds. You can also use the chat service in your online account to request a credit limit increase through a customer service agent. If you’re approved for a Lowe's Store Card credit limit increase, the new limit is effective immediately.

Impact of a Lowe's Store Card Credit Limit Increase on Your Credit Score

When you request a Lowe's Store Card credit limit increase, the issuer will conduct a soft pull of your credit report. This inquiry will not affect your credit score.

Alternatively, you could be eligible for a Lowe's Store Card credit limit increase without even requesting one. The issuer may offer a Lowe's Store Card automatic credit limit increase if regular reviews of your account show a history of on-time payments and low debt. An automatic credit limit increase also involves a soft pull, which does not affect your credit score.