Every person at one point or other have visited Lowe’s and spent hours there. Lowe’s is a well-known home improvement item selling retail outlet that provides various services like store credit cards and loans. The store credit cards can be used across all the outlets of Lowe’s. When it comes to the Banks that Lowe’s uses, Synchrony Bank is the one that Lowe’s chooses for the mainstream cards. There are, however, many other services in terms of credit cards that one can avail of.
Let’s have a look at what Lowe’s is, and how you can avail of a Lowe’s Credit Card.
What is Lowe’s?
The name Lowe’s is used almost across all households in the United States and Canada. Lowe’s Companies Inc is more profoundly known as Lowe’s. Founded in the year 1921, Lowe’s has been running successfully for a century now. Lowe’s is a very sought-after retail outlet that mainly specializes in the Home Improvement section. It also has a lot of stores across the USA and Canada.
Lowe’s used to be the first ranking hardware chain in the United States until the year 1989. Post-1989, The Home Depot took the lead in the hardware chains, and now Lowe’s ranks second just after The Home Depot. Lowe’s provides a lot of financial services like Store Credit Card, loans, and much more.
There are multiple types of Store Credit Cards that you can avail yourself of from Lowe’s. The different types of cards are as follows:
- Lowe’s Advantage Card
- Lowe’s Business Advantage Card
- Lowe’s Business Rewards Card
- Lowe’s Commercial Account
- Lowe’s Pre-load Discover Card
Now that you are aware of Lowe’s service, let’s have a look at how a Lowe’s Store Credit Card works.
How does Lowe’s Credit Card Work?
Lowe’s Credit Cards can be used for getting a variety of benefits in terms of financial services. One can opt for discounts on purchases, six months financing option for any purchase that is over $299, and other financial deals.
The Lowe’s Credit Cards works like a normal credit card, with the limitation of being useful only at Lowe’s outlets. Like other credit cards, it comes with a line of credit. It means that there is a limitation to which the Lowe’s Credit Card can be used.
What Bank Does Lowe’s Use?
It is very common to think about which bank facilitates Lowe’s financial services. There are different services that Lowe’s render from different banks. To date, Lowe’s has worked with Synchrony bank for the facilitation of the Advantage Card. It means that the line of credit is supported and looked after by Synchrony Bank.
Synchrony bank is deemed to be one of the safe options when it comes to maintaining credit cards services. In short, Synchrony bank is the one that issues the credit cards on behalf of Lowe’s, and all the transaction from the Advantage Card goes through it.
Although Synchrony Bank is mainly used by Lowe’s to issue only consumer cards. Other than that, Lowe’s uses other banks’ services too. For the Lowe’s Business and Lowe’s Business Rewards Card, Lowe’s renders services from American Express. American Expresses issues and oversees the transaction on the Business Reward Card.
Apart from American Express, Lowe’s is also in partnership with Sunrise bank. For Lowe’s, Sunrise Bank issues and looks after the transactions outflow for the Lowe’s Preload Discover Card.
Now since you have gained knowledge that Lowe’s uses the safest banks, the next big question is how to apply for a Lowe’s Advantage Card.
How To Apply For A Lowe’s Credit Card?
There are a few ways through which you can get your very own Lowe’s Credit Card, and then you can enjoy the benefits under the card. Below are the ways through which you can apply for your chosen Lowe’s Credit Card.
- Offline Through Lowe’s Store:
You can simply visit any Lowe’s outlet and ask how to avail of the card. The employees there will help you out by providing forms etc. They will also let you know what are the requisites to complete the application process.
- Online via Lowe’s Website:
You can visit the website https://www.lowes.com/ and register yourself and create an account. Once you login into your Lowe’s account, you can see all the card options that are available under the “service” option right on the homepage. Below the information about the benefit on the chosen card, there is an option stating “Apply Now”. You can click on “Apply Now”, it will take you to the next required steps.
Conclusion
To conclude the whole thing, Lowe’s uses the service of different banks for different services. The primary banks that Lowe’s uses it Synchrony Bank, American Express, and Sunrise Bank.
But it is imminent to look at all the aspects before applying for a Lowe’s Advantage Card.
FAQs
- Does Using Lowe’s Card Affect My Credit Scores?
Yes, it will impact your credit score.
- Can I use Lowe’s card at any other place?
No, the Lowe’s card can only be used at a Lowe’s outlet or on Lowe’s online website.
