Lowe's Advantage Card

A store-only card that earns nothing as a rewards card; its job is the 5% discount on eligible Lowe's purchases or special project financing on big renovations. For a $5,000 kitchen project that 5% is $250 off, but you generally can't stack the 5% and the financing on the same purchase, so run the numbers on which saves more. Useless outside Lowe's and carrying a deferred-interest balance past the promo period is costly. Read the financing terms carefully on lowes.com.

Lowe's Advantage Card at a glance

Rewards & perks

• 5% off your everyday purchases
• Financing available for projects
• No annual fee

Pros

• No annual fee
• Save right away at Lowe's
• Financing for larger projects

Cons

• Really only pays off at Lowe's
• APR is high unless you pay in full

Who should apply

• Credit in the fair-to-good range

Before you apply: card terms change often. Confirm the current annual fee, APR, welcome offer and rewards on the official Lowe's / Synchrony site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.