Lowe’s Advantage Card Full Review
Card Type
The Lowe’s Advantage Card is an installment plan card issued by Synchrony Bank. You can only use the card at Lowe’s stores or online.

Annual Fee
The Lowe’s Advantage Card has no yearly charge.

Welcome Deal
You can obtain 20% off your first Lowe’s acquisition (up to $100 discount rate), via Jan. 31, 2022.

The Lowe’s Advantage Card obtains 5% off every day or enroll in 6 months special financing offers (on eligible acquisitions) when you patronize Lowe’s.

The 5% price cut can be utilized on spending in-store or online. This generally relates to anything you acquire, yet there are exemptions within the terms, including services like assembly or setup charges, present cards, and Weber or Kichler brand products.

For qualified purchases over a specific amount, you can give up the 5% price cut in favor of special financing offers. These deals change over time, range in length, and also may differ for details purchases like devices or heating and cooling tools. Presently, you can gain 6 months of no passion special funding on acquisitions of $299 or even more, or receive 7.99% APR dealt with month-to-month payments for 84 months on purchases of at least $2,000.

This card has a 26.99% variable APR. If you make a late repayment, you may incur a cost approximately $38.

If you do enroll in one of this card’s special financing deals, it’s especially vital to pay for your equilibrium within the advertising period. These offers are deferred interest offers, meaning if you have any kind of equilibrium continuing to be when the period finishes, you’ll handle interest copulating back to the acquisition date.

How to Utilize Lowe’s Advantage Card
If you make an application for the Lowe’s Advantage Card, start off with great savings by doing so when you have a huge acquisition to make. When you register and also get accepted, you’ll get 20% off your first purchase made with the card, approximately $100 off. That cap means the benefit maxes out after $500, yet can bring your first $500 purchase with the card down to $400.

From there, use the card anytime you buy with Lowe’s, however have a plan for your 5% price cut or special funding alternatives with each acquisition. You can’t make use of these 2 offers at the same time, so you’ll need to select.

If you select a special funding deal, ensure you can pay off your purchase prior to the deal finishes. Or else, you’ll be stuck paying deferred rate of interest at the regular variable APR of 26.99%. Likewise, if you choose taken care of regular monthly settlements with a minimized APR on any kind of large purchases, see to it you can fulfill at least the month-to-month payments as well as pay the equilibrium completely very early or promptly.

Even if you choose to obtain 5% off your acquisitions instead of special financing, you should pay off your charge card balance as soon as possible. The high variable APR this card charges will wipe out any kind of cost savings you get from the price cut quickly.

Lowe’s Advantage Card Compared to Other Cards
Learn More
Lowe’s Advantage Card
Lowe’s Advantage Card

Editor’s Rating:

( 3.45/ 5).
No Annual Charge.
See Terms.
( No Credit Report).
Learn more.
At our partner’s protected website.
Discover more.
The Home Depot Non-mortgage Consumer Debt Card.
The Home Depot Non-mortgage Consumer Debt Card.

Editor’s Rating:.

( 2.1/ 5).
$ 0.
See Details, Rates & Fees.
670-850 (Good to Exceptional).
Discover more.
At our companion’s protected website.
Discover more.
Citi ® Dual Cash Card.
Citi ® Dual Cash Money Card.

Editor’s Score:.

( 4.4/ 5).
$ 0.
13.99%– 23.99% (Variable).
670-850 (Great to Excellent).
Find out more.
At our partner’s safe and secure site.
* All information regarding the Lowe’s Advantage Card and also The Residence Depot Non-mortgage Consumer Debt Card has actually been accumulated separately by NextAdvisor and also has actually not been examined by the issuer.

Is the Lowe’s Advantage Card Right for You?
If you have a huge home improvement job turning up or normally invest a whole lot on furniture, devices, or landscape design materials at Lowe’s, this card uses fantastic repayment adaptability as well as financial savings.

For your everyday house acquisitions– whether you’re changing lightbulbs and also batteries or trying a DIY task– 5% financial savings is much better than you’ll discover on a lot of cards with house enhancement incentives categories.

The card’s unique financing deals can be helpful also, particularly if you’re purchasing brand-new appliances or other costly gizmos and want the chance to pay them off without interest for a minimal time. Yet there are constraints to keep in mind. Most notably, the “no passion” deal isn’t the same as lots of 0% introduction offers on basic charge card. It’s a deferred rate of interest deal, so if you don’t pay the sum total by the end of the introduction duration, you’ll sustain rate of interest settlements copulating back to your purchase date.

The Lowe’s Advantage Card is additionally a closed-loop retail card. This suggests it might be much easier to qualify for than a normal credit card, however you’ll be restricted to spending in-store or online with Lowe’s. If you’re searching for incentives on your day-to-day purchases outside of the retailer, search for a common card on a widely-accepted network, like Visa, Mastercard, or American Express.
Cards like the Funding One Quicksilver Cash Benefits Bank card might be a more flexible alternative for saving money on interest (it provides a 0% introduction APR on brand-new purchases and also equilibrium transfers for 15 months; 14.99% -24.99% variable APR afterwards), while making 1.5% money back compensates on every acquisition. And if you aren’t purely faithful to Lowe’s for home enhancement costs, you may likewise intend to consider the House Depot Consumer Credit Card *. While it doesn’t supply the exact same ongoing discount rates, you can get similar special funding alternatives.