What Bank Does Lowe’s Use? (You’ll Be Surprised)

Lowe’s offers a range of store credit cards and loan options for do-it-yourselfers and professionals working on large projects.

If you’re considering using Lowe’s financial services, you may be wondering which bank these credit options go through. I’ve done some research, and here’s what I’ve found out!

What Bank Does Lowe’s Use?

Lowe’s uses Synchrony Bank for its store credit cards. As one of the largest private-label credit card providers, Synchrony Bank is a safe banking option. That said, Synchrony Bank issues Lowe’s store credit cards, and all transactions go through it.

Now you know that Lowe’s uses Synchrony Bank for its store credit cards and other financing options, read on to find out more information on Lowe’s financing and banking choices!

What Credit Score Do You Need For a Lowe’s Credit Card?

As a retail card, qualification may be easier for a Lowe’s store credit card compared to other credit cards.

However, you will still need a good credit score, and it is recommended you have a score of at least 620 before applying.

Which Credit Bureau Does Lowe’s Pull?

Lowe’s pulls randomly from three major credit bureaus, Equifax, Experian, and TransUnion when checking the credit of a potential new cardholder.

How Long Does It Take To Get a Lowe’s Credit Card?

While most applications lead to instant approval, some accounts may need anywhere from seven to ten days for approval.

Though this happens rarely, be prepared to wait if applying for a Lowe’s credit card.

How Do I Get a Lowe’s Credit Card?

Considered one of the best store credit options at the moment, you may be wondering how you can get your hands on a Lowe’s credit card.

That said, with a 5% return on all purchases and no annual fee, many Lowe’s customers find them incredibly helpful.

To apply for a Lowe’s credit card, you can log onto Lowe’s website and begin the application process there, checking that you qualify and going through the pre-qualifying process.

If you are eligible, you can apply online.

Alternatively, you can head to your local Lowe’s, where an employee can help you start your application process.

What Other Financing Options Does Lowe’s Offer?

What Other Financing Options Does Lowe's Offer?

Along with the Lowe’s Advantage card, designed for everyday consumers, Lowe’s offers a range of business card options, including:

As you can see, these options are catered to professionals rather than amateur DIY enthusiasts.

In addition to these options, Lowe’s also offers a Lease-to-Own program, wherein you can slowly pay off a lease for tools and equipment you may need.

Will a Lowe’s Credit Card Affect My Credit Score?

Store credit cards can be an easy way of rebuilding a credit score. For example, making small purchases and paying your bill on time will help to improve your credit score.

So, if you request an increase in credit on your Lowe’s credit card, you may find your credit score dips slightly as the issuer may perform a ‘hard pull’ to increase your credit limit.

However, most of the time, an increase in credit on your Lowe’s credit card will not affect your credit score, provided you are using it wisely.

To know more about Lowe’s, you can also read our posts on whether or not Lowe’s accepts American Express, whether Lowe’s accepts Afterpay & Klarna, and also if Lowe’s accepts PayPal.

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Marques Thomas

Marques Thomas graduated with a MBA in 2011. Since then, Marques has worked in the retail and consumer service industry as a manager, advisor, and marketer. Marques is also the head writer and founder of QuerySprout.com.

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