Lowe's Advantage Card Review

This is a store credit card issued by Synchrony Bank. If you're wondering whether Lowes credit card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 26.99%
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

The Good	The Bad
Special financing available for projects costing $2000 or more. 5% off purchases every day. Special financing for appliances and purchases of $299 or more. 0% APR on new purchases during the first 6 months. No annual fee. Considers applicants with fair or poor credit. Lowe's Advantage Card reports to multiple credit bureaus.	High interest rate Special financing is null and void if bill is not paid in full within designated time. Higher than average purchase APRs. Does not offer a signup bonus. Does not offer rewards or cash back. Does not include many credit card benefits.

Does Lowes credit card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Lowes credit card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Lowes credit card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has higher than average regular APRs.

It has a variable purchase APR of 26.99%.

What are the fees for Lowes credit card?

The following fees apply:

Lowes credit card Fees

Fees	Amount
Annual Fee	$0
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Lowe's Advantage Card report your account activity to credit bureaus?

Yes, Lowe's Advantage Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Lowes credit card

• Visit the Lowes credit card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.