What the Lowe's Synchrony Credit Card Is
The Lowe's Synchrony Credit Card is a store card issued by Synchrony Bank that you can use at Lowe's and Lowe's.com. Unlike a general-purpose credit card, it works only at Lowe's locations — you cannot use it at other retailers. Synchrony Bank handles the account, sends your bill, and reports your payment history to the credit bureaus.
The card comes with a rewards program that gives you points on purchases, and Lowe's runs periodic promotional financing offers — typically zero percent interest for a set number of months on purchases above a certain amount. These promotions change throughout the year and are advertised in-store and online.
You do not need to own a Lowe's credit card to shop there. This card is one option if you want to earn rewards or take advantage of promotional financing. Many people use it alongside a general-purpose card or pay with cash or debit.
Key Takeaways
- The Lowe's Synchrony card earns 5 percent back on Lowe's purchases when you use it in-store, and 2 percent back when you use it online or at other Synchrony merchants.
- Promotional financing offers (usually zero percent for 12 to 24 months) are available on larger purchases, but only if you meet the minimum purchase amount at the time of the offer.
- The card has an annual percentage rate (APR) that varies based on your credit score and history, and interest charges begin when ready on regular purchases if you do not pay the full balance.
- Late payments and missed payments are reported to credit bureaus and can lower your credit score, just as with any credit card.
- Synchrony offers a mobile app and online account access so you can check your balance, make payments, and view your rewards balance anytime.
How Rewards Work on the Lowe's Card
The card earns points on every purchase you make. When you use the card in a Lowe's store, you earn 5 points per dollar spent. When you use it online at Lowe's.com or at other merchants that accept Synchrony cards, you earn 2 points per dollar spent. You also earn points on purchases made at other retailers that partner with Synchrony, though the rate varies by merchant.
Points accumulate in your account and can be redeemed as a statement credit — meaning the points reduce your credit card bill. You can redeem points once you have earned at least 500 of them. There is no expiration date on points as long as your account remains open and in good standing.
The rewards rate does not change based on your credit score or how long you have held the card. Every purchase earns the same rate, whether you are a new cardholder or have used the card for years.
Understanding Promotional Financing Offers
Lowe's runs promotional financing offers several times per year. These promotions typically offer zero percent interest for a set period — commonly 12, 18, or 24 months — on purchases of $1,000 or more (the minimum varies by promotion). During the promotional period, you pay no interest on the amount you financed, as long as you make your minimum monthly payment on time.
If you do not pay off the full promotional balance by the end of the promotional period, interest charges begin when ready on the remaining balance. The APR applied is your card's regular APR, which can be 17 percent to 27 percent depending on your credit history. This means a large remaining balance can result in a significant interest charge in a single month.
Promotional offers are advertised at checkout, on receipts, and on Lowe's.com. You do not have to do anything special to use a promotion — if you meet the minimum purchase amount during an active promotion, the financing is automatically applied to your purchase. You can see the promotion terms and the end date in your online account or on your billing statement.
The Regular APR and How Interest Works
When you are not using a promotional financing offer, purchases accrue interest at your card's regular APR. This rate is not fixed — it varies based on your credit score, credit history, and current economic conditions. Synchrony typically offers APRs ranging from 17 percent to 27 percent for this card, but your specific rate depends on your creditworthiness at the time you open the account.
Interest is calculated daily on any balance you carry from month to month. If you pay your full statement balance by the due date each month, you pay no interest. If you carry a balance, interest charges appear on your next statement. The longer you carry a balance, the more interest you pay.
Your APR can change over time. Synchrony may increase or decrease your rate based on how you use the card and changes in your credit profile. You will receive notice of any rate change before it takes effect.
Annual Fees and Other Costs
The Lowe's Synchrony Credit Card has no annual fee. You do not pay anything straightforward for holding the card.
However, you may incur other charges if you miss payments or carry a balance. Late fees explore if your payment arrives after the due date — typically $25 to $35 depending on how late the payment is. If your payment is more than 60 days late, Synchrony may report the account to credit bureaus, which can significantly lower your credit score. A returned payment (if a check bounces or an electronic payment fails) may also trigger a fee.
Cash advances are not available on this card — you cannot withdraw cash using the card at an ATM. The card is designed for purchases only.
How to Make Payments and Check Your Account
You can make payments online through Synchrony's website or mobile app, by phone, by mail, or in person at a Lowe's store. Online and mobile payments typically post within one business day. Mail payments take longer — usually 7 to 10 days — so plan ahead if you pay by mail.
Your statement is mailed to you each month and also available online. The statement shows your purchases, your current balance, your minimum payment due, your due date, and any interest charges. You can set up automatic payments so your bill is paid on the same day each month without you having to remember.
The Synchrony mobile app lets you check your balance, view your rewards points, see your promotional financing details, and make payments anytime. You can also see your transaction history and read statements for your records.
How the Lowe's Card Affects Your Credit
Opening a Lowe's Synchrony card will lower your credit score slightly in the short term because Synchrony performs a hard inquiry on your credit report. This inquiry typically causes a small, temporary dip of a few points.
Over time, how you use the card affects your credit score more significantly. Paying on time every month helps your credit score. Carrying a high balance relative to your credit limit (high utilization) can lower your score. Missing payments or paying late will damage your score and remain on your credit report for seven years.
Because this is a store card, it does not help you build credit history outside of Lowe's purchases. A general-purpose credit card (Visa, Mastercard, or American Express) is often more useful for building credit because you can use it everywhere and demonstrate responsible borrowing across different types of merchants.
Frequently Asked Questions
Can I use the Lowe's Synchrony card anywhere besides Lowe's?
The card can be used at other merchants that accept Synchrony cards, but you earn only 2 percent back instead of the 5 percent you earn at Lowe's. Most people use it primarily at Lowe's and keep a general-purpose card for other purchases.
What happens if I do not pay off a promotional financing balance by the end of the promotion?
Interest charges begin when ready on any remaining balance at your regular APR (typically 17 to 27 percent). If you have a large balance, this can result in a substantial interest charge. Always plan to pay off promotional balances before the promotion ends.
Does the Lowe's card have a credit limit?
Yes. Synchrony assigns you a credit limit based on your credit score and income. You can request a credit limit increase after you have used the card responsibly for several months. Your credit limit appears in your online account.
What is the difference between the Lowe's card and a regular credit card?
The Lowe's card works only at Lowe's (and a few other Synchrony merchants), while a Visa or Mastercard works almost everywhere. The Lowe's card offers higher rewards at Lowe's but lower rewards elsewhere. A regular card is more flexible for everyday spending.
How do I redeem my rewards points?
Once you have earned at least 500 points, you can redeem them as a statement credit through your online account or mobile app. The credit is applied to your next bill. There is no other way to redeem points — you cannot convert them to cash or gift cards.