MyLowe's Rewards Credit Card

Rewards by category

Our take

This card is built for people who are at Lowe's often enough to notice the difference: homeowners mid-renovation, landlords, weekend DIY types. It takes 5% off eligible Lowe's purchases every day as an instant discount at checkout, carries no annual fee, and includes automatic Silver status in the MyLowe's Rewards loyalty program, which adds free standard shipping. Outside Lowe's it does nothing — this is a store card, period.

The fine print does real work here. The 5% is an instant discount applied at checkout after other discounts — not accrued rewards you redeem later — and it skips some purchases entirely, including services, gift cards, and a few specific brands. The bigger catch: on purchases of $299 or more, you must choose between the 5% off and six-month special financing. You never get both.

Because it earns a 0% base rate and works only at U.S. Lowe's stores and Lowes.com, treat it as a single-purpose tool, not a wallet anchor. Pair it with a flat-rate cash back card for everything else. If you are opening the account anyway, time it to a big planned purchase: the 20% first-purchase discount, capped at $100, is a one-time perk worth planning around.

Store bonuses

• Lowe's5%

Key benefits

• 5% off eligible Lowe's purchases every day
• 20% off your first purchase (up to $100) when you open a new account
• Choice of 6-month special financing on $299+ instead of the 5% discount
• Automatic Silver status in MyLowe's Rewards loyalty program (free standard shipping)

Common questions

Does MyLowe's Rewards Credit Card have an annual fee?

No — MyLowe's Rewards Credit Card has no annual fee.

What rewards does MyLowe's Rewards Credit Card earn on everything else?

0% on all other purchases, in Cash Back.

Can I combine the 5% discount with Lowe's special financing?

No. On purchases of $299 or more, you pick exactly one: the 5% instant discount or six-month special financing, with fixed-monthly-payment plans available at $2,000 and up. They never combine. If you can pay the balance right away, take the 5%; save the financing choice for large projects where spreading payments matters more than the discount.

What purchases are excluded from the 5% discount at Lowe's?

The discount skips services such as delivery and installation, gift cards, and Weber, Kichler, and Miele products. It also cannot stack with most other promotions or volume discount programs, and it applies only at U.S. Lowe's stores and Lowes.com. Before a big checkout, scan your cart for those exclusions so the 5% you are expecting actually shows up.