Lowe's Advantage Card Review

Lowe's Advantage Card is a store credit card issued by Synchrony Bank. If you're wondering whether Lowe's Advantage Card is the right card for you, read on. This is everything you need to know to make a good choice.

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR starting at 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 stand a chance of qualifying if your credit score is not below 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. 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. You don't earn rewards on every purchase. Does not include many credit card benefits.

Is there a Lowe's Advantage Card cash back or rewards program?

No, Lowe's Advantage Card does not offer a rewards program. This card features rewards for purchases in the following categories:

• Retail

What are the relevant APRs for Lowe's Advantage Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Lowe's Advantage Card has higher than average purchase APRs.

Lowe's Advantage Card has a variable purchase APR starting at 26.99% .

What are the fees for Lowe's Advantage Card?

The following fees apply to Lowe's Advantage Card:

Lowe's Advantage Card Fees

Fees	Amount
Annual Fee	$0
Late Payment Fee	up to $38

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 Lowe's Advantage Card

• Visit the Lowe's Advantage 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.