lowes credit card review

Lowes Credit Card Review – Is it Worth It?

Are you a regular Lowes shopper? Then you may want to get the Lowes Credit Card. Check out our review below!

Lowes Credit Card – Recommended For:

The Lowes store card is good for people that shop at Lowes frequently and can take advantage of the financing options like deferred payment and discounts.

If you are a regular shopper at Lowes, the 5 percent savings you get can save a homeowner hundreds of dollars or more per year.

You do want to be mindful of your spending though as the APR is a high 21.99%.

Lowes Store Card Overview

When you decide on a credit line at Lowe’s, you have two options:

  • the Lowe’s credit card OR
  • the Lowe’s project card.

The Lowe’s credit card offers special deferred payment options throughout the year with an APR of 21.99%. The Lowe’s project card requires an initial qualifying purchase of $1,000 and gives you a six month “project window” to make purchases with no payments due and no interest.

If you’re a homeowner that has a big project planned or have a construction business, this Lowe’s card could certainly be useful.

If you want to compare the Lowe’s store credit card to the Home Depot card, you can read our review of the Home Depot credit card here.


  • No annual fee for either card
  • Financing options throughout the year
  • Project card has a limit of up to $30,000
  • Project card gives 6 month window to make purchases with no balance do or interest incurred


  • Lowe’s credit card has an APR of 21.99%
  • No balance transfers, cash advances, or loyalty rewards

How This Card Works

The Lowes credit card can be used at all Lowe’s stores and at lowes.com.

It’s a standard store credit card with a high APR that gives special financing options such as deferred payments and discounts throughout the year. You can apply for the Lowe’s credit card at lowes.com.

The Lowes project card, on the other hand, has a credit line up to $30,000 and is designed to support home improvement projects, giving you a six month “project window” in which no payments are due and no interest is accrued.

There’s no annual fee for the project card and you are given 4 to 10 years of fixed payments. You can apply for the Lowe’s project card at any Lowe’s store.

Shopping and Travel Benefits 

The Lowe’s credit card gives the cardholder special financing options and benefits throughout the year at Lowe’s and lowes.com, including discounts, specials, and deferred payment options.

The Lowe’s project plan gives a six month “project window” allowing you to make purchases for home improvements with no interest accrued and no payments due during the six month time period.

lowes credit card review


For the Lowes credit card an APR of 21.99% applies.

There’s no annual fee, and payments will be 1/35th of your balance. The grace period in which to pay your balance in full without incurring any interest is at least 26 days.

Late fees are $20 for balances between $50 and $99.99, $30 for balances between $100 and $499.99, and $39 for balances above $500.

The returned check fee is $20.

For the Lowe’s project card the APR will range from 7.99% to 17.99% for the first project. You’re required to make a qualifying purchase of $1,000.

The Bottom Line

As a general rule of thumb, we usually recommend avoiding store branded credit cards altogether.

If you want to earn rewards, most people will be better off applying for a general cash back card to use everyday. You can check out our Guide to the Top Cash Back cards by clicking here.

With that being said, we can see how a Lowe’s card can be beneficial to someone that shops there regularly or has a home project to complete.

Plus, a Lowe’s credit card can be very helpful if an emergency should arise. As long as you’re being smart about the way you’re using your card from Lowes, owning this card makes sense.

Hope our Lowes Credit Card Review has helped you in deciding which card to apply for. When in doubt, don’t do it. You can always opt in later.

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