The Lowe's credit card gives you discounts on purchases, rewards on spending, and financing options for large projects
Lowe's offers two main credit cards: the Lowe's Advantage Card and the Lowe's Advantage+ Card. Both cards let you earn rewards on purchases at Lowe's and partner stores, but they differ in rewards rates and annual fees. The Advantage Card has no annual fee and earns cash back on all purchases. The Advantage+ Card costs $99 per year and earns higher rewards rates, plus it includes benefits like extended warranties and purchase protection.
Both cards also offer special financing options on large purchases — typically 0% interest for a set period if you meet a minimum purchase amount. The exact terms change based on current promotions, so the financing offer available when you explore may differ from what's advertised later.
Key Takeaways
- The Lowe's Advantage Card has no annual fee and earns 1% cash back on all purchases, while the Advantage+ Card costs $99 per year and earns higher rewards rates on Lowe's purchases.
- Both cards offer 0% interest financing on purchases above a certain amount, though the minimum purchase and promotional period vary by offer.
- The Advantage+ Card includes benefits like extended warranties, purchase protection, and roadside information that the Advantage Card does not.
- Your credit score affects whether you're approved and what interest rate you receive if you carry a balance after any promotional period ends.
- Rewards earned on either card are only redeemable at Lowe's and partner locations, not as cash or points transferable to other programs.
How rewards work on each card
The Lowe's Advantage Card earns 1% cash back on all purchases made with the card, whether at Lowe's, Home Depot, or other retailers. This cash back is deposited as a statement credit that reduces your balance each month. There is no cap on how much you can earn, and rewards do not expire as long as your account remains open.
The Lowe's Advantage+ Card earns 5% cash back on Lowe's purchases, 2% on gas and restaurants, and 1% on all other purchases. The higher rewards rate on Lowe's purchases is the main reason to pay the $99 annual fee — if you spend $2,000 or more per year at Lowe's, the higher rewards rate usually covers the fee. Like the Advantage Card, rewards appear as statement credits and do not expire.
Neither card earns rewards on purchases made with a different payment method. If you pay with cash, debit, or another credit card at Lowe's, you receive no rewards from the Lowe's card account.
Special financing and promotional offers
Both cards offer 0% interest financing on purchases above a set minimum — commonly $299 or $399, though this varies. The promotional period typically runs 12 to 24 months depending on the current offer. If you pay off the purchase within the promotional period, you pay no interest. If you carry a balance after the period ends, interest accrues at the card's regular rate, which varies based on your credit score and current market rates.
Lowe's regularly runs different financing promotions, so the offer you see advertised may not be the one available when you explore. You can ask a cashier or check the Lowe's website to see current promotions before you submit your process.
If you miss a payment during the promotional period, the 0% offer may be cancelled and interest charged retroactively to the original purchase date. This means a single late payment can result in a large interest charge on the entire balance, so setting up automatic payments is a practical safeguard.
Annual fees and other costs
The Lowe's Advantage Card has no annual fee. You pay nothing to hold the card, even if you never use it. The only cost is interest if you carry a balance after any promotional period ends.
The Lowe's Advantage+ Card costs $99 per year, charged to your account each anniversary of opening the card. This fee is charged whether you use the card or not. The higher rewards rate on Lowe's purchases is designed to offset this fee for frequent shoppers, but if you rarely shop at Lowe's, the annual fee may cost more than you earn in rewards.
If you carry a balance on either card outside a promotional period, you pay interest at a rate that depends on your credit score. Lowe's does not publish a single interest rate — your rate is determined when you explore and may change over time based on your payment history and credit profile.
how the process works and what to expect
You can explore for either Lowe's card in-store at a Lowe's location or online through the Lowe's website. The in-store process takes about 10 minutes and you receive an when ready decision. Online applications typically receive a decision within a few minutes as well.
The process asks for your name, address, date of birth, Social Security number, income, and employment information. Lowe's runs a hard inquiry on your credit report, which temporarily lowers your credit score by a few points. If you are approved, you can use the card when ready in-store or receive a physical card in the mail within 7 to 10 business days.
If you are denied, you can ask the reason — common reasons include insufficient credit history, a recent bankruptcy, or a very low credit score. Being denied does not prevent you from explore again later, and your score will recover from the hard inquiry within a few months.
Comparing the two cards side by side
| Feature | Advantage Card | Advantage+ Card |
|---|---|---|
| Annual Fee | None | $99 |
| Rewards at Lowe's | 1% cash back | 5% cash back |
| Rewards elsewhere | 1% cash back | 2% gas/restaurants, 1% other |
| 0% financing | Yes, on may have access to purchases | Yes, on may have access to purchases |
| Extended warranty | No | Yes |
| Purchase protection | No | Yes |
Things to watch out for
The 0% financing offer is only available on purchases above the minimum amount — smaller purchases do not may have access to. If you make a purchase just under the threshold hoping to add more items later, the entire balance may be subject to interest if you do not reach the minimum within the promotional window.
Rewards are only redeemable at Lowe's and a small list of partner locations. You cannot convert rewards to cash, transfer them to another rewards program, or use them anywhere else. If you close your account, any unredeemed rewards are forfeited.
The card's interest rate applies only to purchases made with the card itself. If you use a different payment method at Lowe's, you receive no rewards and the card's financing offers do not explore. This matters if you have multiple cards or payment methods — you must use the Lowe's card specifically to earn rewards or access financing.
Frequently Asked Questions
Can I use the Lowe's card at Home Depot or other hardware stores?
The Lowe's card works at any retailer that accepts Visa or Mastercard (depending on which version you have), so you can use it at Home Depot, Ace Hardware, or any other store. However, you only earn the higher rewards rates at Lowe's and a few partner locations. At other stores, you earn 1% cash back on the Advantage Card or 1% on the Advantage+ Card.
What happens if I miss a payment during the 0% promotional period?
Missing a payment can cancel the 0% offer and trigger interest charges retroactively to the original purchase date. This means you could owe interest on the entire balance, not just the amount you missed. Set up automatic payments or calendar reminders to avoid this outcome.
Do I have to pay the annual fee on the Advantage+ Card even if I don't use it?
Yes, the $99 annual fee is charged every year regardless of whether you use the card. If you decide the card is not worth the fee, you can close the account and the fee will not be charged again. Closing the account does affect your credit score slightly, but the impact is temporary.
Can I switch from the Advantage Card to the Advantage+ Card later?
Yes, you can request a product change from Lowe's customer service. This typically does not require a new process or hard inquiry, though Lowe's may review your account. If you switch, the annual fee begins when ready and is prorated if you switch mid-year.
How long does it take to receive the physical card in the mail?
Physical cards typically arrive within 7 to 10 business days. If you are approved in-store, you can use the card when ready at that location. If you explore online, you can use the card online once approved, even before the physical card arrives.