6
Benefits1
Reward Categories5x
Max Reward30%
APR FromBasic Information
PENDINGRewards Program (Detailed) 1 Categories
PENDING| Category | Rate | Type | Description | Annual Cap | Status |
|---|---|---|---|---|---|
| Lowe's Purchases | 5x | Cash Back | 5% off eligible purchases made at Lowe's stores and Lowes.com when using the MyLowe's Rewards Credit Card. This discount is applied at the time of purchase. | No Cap |
Rewards Summary
PENDINGReward Type: Cash Back
Base Rate: 0x
Bonus Rate: 5x
Categories: 5% off eligible purchases at Lowe's
Quarterly Rotating: No
Expiration Policy: The 5% discount is applied at the point of sale and does not expire.
Redemption Penalties: The 5% discount cannot be combined with special financing offers or certain other promotions.
Benefits & Protections (Detailed) 6 Total
PENDINGFinancial 1
No Annual Fee
$0 annual feeThe MyLowe's Rewards Credit Card does not charge an annual fee for card membership.
Lifestyle 1
Purchase History Tracking
Digital access to purchase historyCardholders can easily access and track their purchase history made with the MyLowe's Rewards Credit Card, which can be useful for returns, warranty claims, or budgeting.
Shopping 4
Everyday 5% Discount
5% offCardholders receive a 5% discount on eligible purchases made with the MyLowe's Rewards Credit Card at Lowe's. This discount cannot be combined with special financing offers.
Special Financing Options
Varies by offer (e.g., 6 months special financing)Cardholders may be eligible for special financing promotions on qualifying purchases. These offers typically involve deferred interest or interest-free periods if the promotional balance is paid in full by the end of the promotional period. This benefit cannot be combined with the 5% everyday discount.
Exclusive Cardholder Offers
Varies by offerCardholders receive access to exclusive discounts, promotions, and special offers available only to MyLowe's Rewards Credit Card members.
Free Standard Shipping
Free standard shippingCardholders receive free standard shipping on eligible purchases made with the MyLowe's Rewards Credit Card. Eligibility may depend on the item or order total.
Benefits Summary (Flags)
PENDINGExtended Warranty
Purchase Protection
Cell Phone Protection
Travel Insurance
Primary Rental Protection
Airport Lounge Access
Trip Delay Coverage
Lost Luggage Coverage
Price Protection
Concierge Service
No Foreign Fees
ShopRunner
Sign-Up Bonus
PENDING$100
Cash BackRequirement: Spend $500
Fee Structure
PENDING| Annual Fee: | $0.00 |
| Year 1 Waived: | No |
| Effective Annual Fee: | $0.00 |
| Authorized User Fee: | $0.00 |
| Penalty APR: | 29.99% |
| Min Interest Charge: | $2.00 |
Additional Fees
PENDING| Late Fee: | $41.00 |
| Returned Payment: | $30.00 |
Interest Rates & APR
PENDINGStandard APR
Purchase APR: 29.99% - 29.99%
Cash Advance APR: 29.99%
Intro APR Offers
Promo Financing: Deferred Interest
Promo Duration: 6 months
Approval Criteria & Requirements
PENDINGCredit Score Requirements
Application Process
Issuer Rules & Policies
PENDINGRules: For 2026, the MyLowe's Rewards Credit Card (issued by Synchrony Bank) continues its core offering: a choice between 5% off eligible purchases or special financing options on qualifying purchases. Eligibility requirements typically include being at least 18 years old, having a valid Social Security Number or ITIN, a U.S. residential address, and sufficient verifiable income to support new credit. While Synchrony may approve applicants with fair credit, a good to excellent credit score (FICO 670+) generally yields better credit limits and approval odds. Applicants must not have a recent history of default with Synchrony or excessive inquiries. The 5% discount cannot be combined with other coupons or promotions, including military discount, employee discount, or Lowe's Price Promise. Special financing offers vary by purchase amount and duration, requiring minimum monthly payments.
Max Cards Per Issuer: 5
Min Spend Interval: Not applicable for a traditional sign-up bonus. The primary benefit (5% off or special financing) is ongoing from the first eligible purchase.
Cliff Effect Rules: Synchrony does not typically enforce 'cliff effect' rules or complex card family restrictions similar to major bank issuers. Approval for one Synchrony store card generally does not preclude approval for another, provided the applicant maintains a healthy overall credit profile and manages existing Synchrony accounts responsibly. However, a high cumulative credit limit across multiple Synchrony cards relative to income could lead to denials for new applications or credit limit reductions.
Special Events: Lowe's frequently runs promotional events tied to specific product categories (e.g., appliances, home improvement projects, outdoor living) offering enhanced special financing terms or additional discounts for cardholders. These often coincide with seasonal needs or major sales cycles.
Holiday Promos: Expect special financing offers and potentially enhanced discounts during major retail holidays such as Memorial Day, Fourth of July, Labor Day, Black Friday, Cyber Monday, and year-end holiday sales. These promotions are typically advertised well in advance by Lowe's.
International Friendly: No
User Analytics & Insights
PENDINGUser Ratings
Average Rating: 3.2 / 5.0
Top Positive:
Consistent 5% discount on Lowe's purchases; good for frequent Lowe's shoppers; special financing offers.
Top Negative:
High APR if not paid in full; poor customer service from Synchrony Bank; limited use outside Lowe's; frequent credit limit reductions reported by some users.
Approval Experience: 75.0 / 100
Recommended Alternatives
- Home Depot Consumer Credit Card
- Menards Big Card
- Chase Freedom Unlimited
Card Value Score: 80.0 / 100
Est. Annual Rewards: $200.00
Approval Probability: 75.0%
Version Control
PENDINGVersion ID: v1.0