Great Card If
- You frequently shop at Lowe’s and want automatic savings.
- You’re planning a large home improvement or appliance purchase.
- You want a store card with no annual fee.
Don’t Get If
- You want to earn cash-back or travel rewards.
- You plan to carry a balance.
- You need a card to use beyond Lowe’s.
MyLowe’s Rewards Card: Is It Worth It?
The MyLowe’s Rewards card is designed for Lowe’s shoppers who want flexibility with discounts, financing, and rewards. For each Lowe’s purchase, you can choose 1 option:
- 5% off qualifying purchases
- 6 months special financing on purchases of $299 or more
- 84 fixed monthly payments with reduced APR on eligible purchases
Cardholders get MyLowe’s Rewards Silver status, which includes 1.25 points per $1 spent, free shipping, and more. The card has no annual fee.
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MyLowe’s Rewards Card Top Benefits and Perks
Choose Your Credit Offer
The MyLowe’s Rewards card offers flexibility, allowing you to choose among a 5% discount, 6 months no-interest financing on purchases of $299 or more, and fixed monthly payments with reduced APR on purchases of $2,000 or more.
20% off Your First Purchase
When you open the card, you can receive a 20% discount on your first purchase for up to $100 in value. If your everyday 5% discount would exceed $100, the greater discount automatically applies.
Automatic MyLowe’s Rewards Status
Cardholders are automatically enrolled in MyLowe’s Rewards Silver status, which offers 1.25 points per $1 in MyLowe’s Money on eligible purchases, free standard shipping, and access to member gifts, offers, and seasonal promotions.
No Annual Fee
The MyLowes Rewards card doesn’t have an annual fee, making it an easy card to hold onto for when you want a discount or financing on Lowe’s purchases.
Best Ways To Earn and Redeem MyLowe’s Rewards
The MyLowe’s Rewards card doesn’t earn cash-back or travel rewards, but you can use it to get 5% off Lowe’s purchases. It applies automatically to eligible purchases made with your MyLowes Rewards card, as long as you don’t use a financing offer for those purchases.
You can earn MyLowe’s Money on Lowe’s purchases made with the card, and cardholders get automatic MyLowe’s Rewards Silver status, which earns 1.25 points per $1 on purchases. You can apply MyLowe’s Money rewards at checkout in Lowe’s stores or at Lowe’s.com within a designated redemption period. MyLowe’s Money rewards can expire if unused.
Alternative Cards to the MyLowe’s Rewards Card
If you don’t want to be locked into a store card, the Freedom Unlimited card is a flexible cash-back card that has no annual fee and can be used anywhere Visa cards are accepted. It earns at least 1.5% cash-back on all purchases and offers a 15-month 0% introductory APR on purchases and balance transfers, so you can simultaneously earn rewards and save on interest.
With the Double Cash card, you earn a total of 2% cash-back (1% when you purchase and 1% when you pay it off). There’s no limit to the cash-back you can earn, making it great for home improvement and everyday purchases. This card has no annual fee.
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