Chip Lupo, Credit Card Writer
@CLoop
The Lowe's Store Card is issued by Synchrony Bank. Synchrony is one of the largest providers of credit cards in the United States, mostly issuing store credit cards such as the Amazon Store Card and the JCPenney Credit Card.
The Lowe's card is intended for applicants with fair credit, and its key feature is a 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 3/5.
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People also ask
Can I use my Lowe's Store Card anywhere?
No, you cannot use your Lowe's Credit Card anywhere you want, as you can only use it for purchases at Lowe's Home Improvement. The Lowe's Credit Card is a store card, which means that it is not backed by any major credit card network and only works at affiliated locations.
Even though store credit cards have limited acceptance, they can still be a good deal for brand-loyal customers. The Lowe's Credit Card offers accountholders 5% discount on every purchase at Lowe’s (exclusions apply) and has an annual fee...
read full answer by Evelyn Boros, Credit Cards ModeratorWhat is the Lowe's Store Card credit limit?
The Lowe's Credit Card credit limit is reportedly around $500 to start, according to forum posts, and some cardholders report limits as high as $19,000. Synchrony Bank does not disclose any specific Lowe's Credit Card credit limit information in the card’s terms, though.
For the most part, Lowe's Credit Card credit limits depend on each applicant’s overall creditworthiness. People with the most income and the best credit scores are generally offered the highest starting credit limits.
That said, the...
read full answer by Robert Sambrick, WalletHub AnalystWhat is the Lowe's Credit Card credit score requirement?
The Lowe's Credit Card credit score requirement is 640 or higher. That means people with fair credit may have a decent shot at getting approved for the Lowe's Credit Card. You can check your credit score for free here on WalletHub to see if you qualify.
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 Credit Card. Some other key criteria include your income, existing debt load,...
read full answer by Adam McCann, Financial WriterDid we answer your question?
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