Everything To Know About Lowe's Rewards & Lowe's Points

Store Rewards Calculators
Get the rundown on the Lowe's Rewards program and learn about the benefits of the MyLowe's program and Lowe's credit cards.
Last Updated 2022-05-20

You can earn perks and benefits with Lowe's by signing up for the free up for a free MyLowe's account. You can also pick up the Lowe's Advantage Credit Card or Lowe's American Express Business Credit Card for access to discounts at checkout, earning points on purchases redeemable for gift cards, and to finance large purchases.

Benefits of a MyLowe's account

When you sign up for a free MyLowe's Account, you'll have access to a few useful benefits.

  • Track all previous orders
  • Create lists of items which is great for organizing what you need for different projects
  • Easy checkout with saved payment options
  • Information on future installations and services through Lowe's
  • Ability to create subscriptions and save an extra 5% on your orders
  • Free shipping on orders of $45 or more

If you plan on shopping at Lowe's, even if only a few times per year, I suggest signing up for an account as it makes it easy to keep track of everything.

Lowe's Advantage Credit Card

The Lowe's Advantage Credit Card is a credit card offered by Lowe's that offers discounts and financing options. It's a store card with no network meaning that it can only be used in-store and online with Lowe's.

If you shop at Lowe's frequently or you plan on financing a purchase, it's a card worth considering.

5% Discount

When you use the Lowe's Credit Card, you'll receive a 5% discount at checkout. This is an instant discount and not a statement credit meaning that you will pay the discounted amount at checkout.

6-Month Financing

If your purchase at checkout is $299 or more, you'll be given the option to choose 6-month financing instead of the 5% discount. For the financing, you'll be required to pay the minimum amount for the duration of 6-months.

You'll want to make sure to pay the purchase off in full before the six months is over with. If not, the 0% interest will be forfeited and you will feel the pain as the interest will be added to your balance.

84-Month Financing

If your purchase at checkout is $2,000 or more, you'll be given the option for 84-month project financing. Payments are at a fixed amount at a set APR of 7.99%.

So as long as you're paying the minimum amount every month, you should end up paying this in full by the 84th payment.

Lowe's Business Credit Card

The Lowe's American Express Business Credit Card is a rewards business card that allows you to earn rewards on your purchases wherever American Express is accepted. It's a great option if your business frequently spends in-store or online with Lowe's.

Earning Rates & Discounts

The Lowes Business Credit Card earns 2% back on Lowe's, U.S. restaurants, U.S. office supply stores, and U.S wireless phone purchases and 1% back on everything else.

The card also offers 5% off everyday Lowe's purchases at checkout in U.S. Lowe's stores, on Lowes.com and on LowesForPros.com.

Lowe's Business Rewards Points

Cash back earned with the Lowe's Business Rewards Card is received in the form of Lowe's Business Rewards Points which can be redeemed for statement credits or Lowe's gift cards. Points can be used to cover specific, eligible charges to receive statement credits on your account and can only be used toward the entire amount of an eligible charge.

Every 100 Lowe's Business Rewards Points earned is equal to $1 which makes points worth 1 cent each.

Gift card redemptions start at 2,500 for a $25 gift card. You can redeem your points for gift cards in $25, $50, or $100 denominations. American Express Gift Cards offer a lower value, but allows you to use your rewards outside of the set gift card options that gives you 1 cent in value.

Lowe's points to dollars

Use the Lowe's Business Rewards Points Value Calculator to determine the dollar value of points earned with the Lowe's Business Credit Card.

Enter any amount of Lowe's points to calculate the dollar value.
Points
Redemption Average Dollar Value
Gift Card Value
1 Cent Each
$0
Best For Lowe's Business Purchases
Lowe's Business Rewards Card
Lowe's Business Rewards Card
Annual Fee: $0
Rewards Rate
5%
Get 5% OFF Every Day at Lowe's when you use Lowe's Business Credit.
2%
Earn 2% Cash Back at Lowe's, on U.S. restaurant and U.S. office supply store purchases, and on wireless telephone services purchased directly from U.S. service providers
1%
Earn 1% Cash Back on all other eligible purchases
$100 Back + 5% Back
Get $100 back upon approval. Plus, earn 5% cash back at Lowe's on eligible purchases made on your card at Lowe's for the first 6 months. 2% back after. New accounts only.

5% Discount Calculator

Use the Lowe's Discount Calculator to calculate how much you can save with the 5% discount you'll receive at checkout in-store and online if you have a Lowes credit card.

Enter any amount to calculate the 5% discount you'll receive on eligible purchases at checkout.
$
5% Discount: $5

Want To Earn A Bonus $30?

You can earn bonus cash back AND a $30 cash bonus on top of your 5% Lowe's discount when you sign up for a free Rakuten Rewards account and start your online Lowe's shopping session through their portal.

Even if you don't have a Lowe's credit card, you can still earn cash back when you make purchases on Lowes.com using Rakuten Rewards!

Alternative Financing Options

If you're looking for an alternative options to finance your next big purchase with Lowe's, the Upgrade Triple Cash Rewards Card is a fantastic option. It's a hybrid card that can be used like a normal credit card for everyday purchases or as a personal loan in which you can draw from your credit limit to fund your bank account.

Purchases ran through the card that aren't paid off within the statement are turned into a fixed-rate loan with equal monthly payments. This can be great if you're make frequent purchases with Lowe's that don't total over $2,000 as you'll be able to pay them overtime.

The Upgrade Triple Cash Rewards Card also earns 3% back on home, auto, and health purchases. This means you'll earn 3% back on your Lowe's purchases as well as 3% back on things like home improvement stores, auto repairs, doctor offices, gym equipment and memberships, spas, and more.

Other benefits include:

  • Available To FICO Scores of 600 and up
  • Average Credit Limits Ranging From $500 to $20,000
  • $0 fees - $0 annual fee, $0 activation fees, $0 maintenance fees
  • No touch payments with contactless technology built in
  • See if you qualify in minutes without hurting your credit score
  • Access to a virtual card while you wait for your card to arrive in the mail
  • Great for large purchases with predictable payments you can budget for
  • Mobile app to access your account anytime, anywhere
  • Enjoy peace of mind with $0 Fraud liability
  • Reports to all three major credit bureaus

Best For Home/Large Projects

Annual Fee: $0
Rewards Rate
3%
Earn 3% back on home purchases which includes appliance stores, landscaping, home repairs, home improvement stores, hardware stores, and furniture stores
3%
Earn 3% back on auto purchases which includes car washes, auto repairs, auto part stores, car dealership purchases, and towing services
3%
Earn 3% back on health purchases which includes gym memberships, gym equipment purchased directly from vendor, sporting good stores, pharmacies, doctor offices, health and beauty services, and spas
1%
Earn 1% back on all other purchases
$200 Bonus
Get a $200 bonus when you open and fund a new Upgrade Rewards Checking account and make 3 debit card transactions within 60 days of your Upgrade Card account opening.

FAQ

Does Lowe's have a rewards program?

Lowe's has a few different "programs", but the only true rewards program is the one offered to Lowe's American Express Cardholders.

Is the Lowe's Credit Card Worth It?

Yes. The Lowe's Advantage Card and Lowe's AMEX Card both have a $0 annual fee which means you'll be able to partake in the benefits of both cards, including the 5% discount, for free.

How much are Lowe's Rewards Points worth?

Lowe's Business Rewards Points are worth 1 cents each. Points can only be redeemed for select gift cards.

Is the Lowe's Advantage or Lowe's AMEX Card better?

If you're looking for financing then the Lowe's Advantage is the better card. If you prefer a better return, the Lowe's AMEX is the winner because you'll earn a discount AND rewards points.