Current Lowe's Store Card promotions include a 5% discount on all Lowe’s purchases and 6 - 84 months of 0% - 7.99% 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 26.99%.
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% - 7.99% deferred/reduced interest: You can pay down big-ticket purchases with “special” financing: You can choose a 0% intro APR if you pay in full within 6 months on purchases of at least $299. Note, though, that this is deferred interest; if you miss a due date along the way or don’t repay your full balance by the due date, interest will retroactively apply to your original purchase amount at the full regular rate. Alternatively, you can choose a reduced APR financing; 7.99% APR for up to 84 months on purchases or orders of $2,000 or more. The regular APR is 26.99%.
Special temporary discounts: A recent example is 20% off first purchase, up to $100 discount.
You should probably pick the 5% discount on Lowe’s purchases out of the two promotions. Deferred interest really isn’t worthwhile. You’d get no interest if you pay in full within 6 months. But if you don’t, you’d owe all 6 months’ worth of interest at 26.99%.
If you need to finance, you’re better off getting a card that really gives you 0% interest and only charges interest on the balance that’s left after the intro period ends. You can check out our editors’ latest picks for the best 0% APR credit cards on the market to weigh your options.
The Lowe's Store Card credit score requirement is 640 or better. That means people with at least fair credit have a shot at getting approved for this card.
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 debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. But it’s best to wait to apply until you meet the Lowe's Store Card credit score requirement. You can check your credit score for free on WalletHub.
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.
Fill in the last 4 digits of your Social Security number and your phone number.
Provide more personal information, including your address, full SSN, and salary.
Follow the instructions to complete your application.
How to Apply for the Lowe's Store Card in Person
You can apply for the Lowe's Store Card in person by visiting your nearest Lowe’s location. Ask your cashier about filling out an application, or go to the customer service desk.
If you’re approved the same day, you’ll be able to use the card for your purchases. New cardholders are usually eligible for a discount on their first purchase, regardless of whether they’re approved the same day they apply.
Ultimately, if you have applied for the Lowe's Store Card but haven’t yet received a decision, you can check the status of your application by calling (800) 445-6937 and choosing the “Lowe's Store Card” option.
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