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Lowe's Advantage Credit Card: BiggerPockets Review

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Given that Lowe’s is one of the major players in the home improvement retail business, its store credit card is a natural fit for many real estate investors, contractors, or anyone tackling large or regular home improvement projects. The no-annual-fee card offers a range of bonus features and users can choose among them. Select five percent off your purchase, six months special financing, or 84 fixed monthly payments with reduced APR. 

Quick facts

  • No annual fee.
  • Cardmembers get a five percent discount on all eligible purchases at Lowe's.
  • The store discount is automatic, so you won’t have to wait for earned points to accrue over time to see benefits.
  • The signup bonus—currently a 20 percent coupon off your first purchase—is also instant.
  • You can also choose to opt for special financing or installment financing if it better serves your project’s needs.

New accounts get 20 percent off a purchase, for up to a $100 discount. Appliances and installed HVAC qualify for 12 months of special financing with a $299 minimum purchase. The published bonuses apply through January 31, 2021.

The Lowe’s card can be among the more challenging store credit cards to qualify for. Expect to qualify with a fair credit score of 620 or higher.

The stats

  • APR: Standard APR is 26.99 percent. Special financing qualifies for no interest if paid within six months. The 84 fixed monthly payment option qualifies for 7.99 percent APR, and applies to purchases of $2,000 or more.
  • Annual fee: $0
  • Balance transfer fee: N/A
  • Foreign transaction fee: $0

The rewards

Cardholders can choose from a selection of benefits based on what best suits their needs for a project or purchase. Get five percent off eligible purchases—or choose six months special financing or 84 fixed monthly payments with reduced APR.

Pros and cons


  • This card has no annual fee.
  • Users get five percent off eligible purchases, or can choose special financing or installment financing to customize their benefits.
  • The welcome offer, currently 20 percent off, provides a savings up to $100 on a one-time purchase.
  • Ideal for users who make regular home improvement purchases.


  • This store card can only be used for retail and online Lowe’s purchases.
  • You can’t combine the card discount with others, such as military discounts.
  • There’s no introductory zero percent APR on purchases under the minimum threshold of $299.

What BiggerPockets users say

While BiggerPockets users debate which home improvement store card to use, the pro-Lowe's contingent often cites the store’s excellent customer service, including price matching. That’s one reason you might consider switching your home improvement spend over to this retailer and getting their store card to maximize the benefit.

“I prefer Lowe’s to Home Depot but that's mostly because Lowe’s treats me like a mini celebrity,” writes Andy Luick. “Get with the commercial desk and you can probably get a 10 percent discount on most things by developing a relationship.”
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