Lowe's Credit Cards & Lease to Own Program: Which One Is Right For You?

By: Malika Wichner

Need a little help staying on budget with your home renovation project? A Lowe’s credit card could be the way to go; it gets you 20% off for opening an account, and then 5% off every purchase after. Or you might consider a Lease to Own program to get flexible payment options. Groupon Coupons outlined both services below to help you find the right option for you. And no matter which way you go, be sure to grab a Lowe’s coupon for extra savings.

Lowe’s Credit Cards

Lowe’s offers Credit Cards for home and business use. All cards are subject to approval. 

Home | Lowe’s Advantage Card

Do your next home improvement job, big or small, for less with the help of the Lowe’s Advantage Card. 

• 5% off all purchases or six months special financing options on qualifying purchases
• Or, 84 fixed monthly payments with reduced APR on qualifying purchases
• Exclusive events
• No annual fees
• Limited-time deals - 20% Off

Business | Business Credit & PreLoad Card

Enjoy advantages that’ll make your team’s next project efficient and budget-friendly. 

• 5% off
• Delivery discounts
• Easy billing and invoicing options
• 365-day returns 
• Exclusive events 

Types of Lowe’s Business Cards

Based on your needs, Lowe’s offers four separate credit card options for businesses. 

• Lowe’s Business Advantage
  • Request multiple cards for the account
  • Get itemized and detailed invoices
  • Download up to six months of activity in Excel, Quicken, or QuickBooks formats 
  • 0% interest for 60 days
• Business Rewards Card
  • Use at any Lowe’s location and anywhere American Express is accepted 
  • Get $100 back on approval
  • Earn cash back on all purchases
  • No annual fee
• Lowe’s Commercial Account
  • View itemized transactions, SKU-level details, authorized buyer information, and more
  • Delivered with billing
  • Can choose to receive PDF invoices via email
  • Extended terms available 
• Lowe’s PreLoad Discover Card
  • No credit check required
  • Fund with debit, credit, or business checking account
  • Organize by cardholder 

Lease to Own Program at Lowe’s

This offers you a no-credit-needed purchase option for your next project. 

Is Lowe’s Lease to Own Right for You?

If you’re purchasing the following, then this program is perfect for you:

• Home appliances
• Seasonal and outdoor living 
• Power tools
• Home Decor
• Lighting Fixtures 

Minimum purchases amount of $150 required. 

Lease to Own Perks

Why should you consider Lowe’s Lease to Own program?

1. No Credit Needed: No credit is required when you apply.
2. 90-Day Purchase Option: Save big when you pay off your lease within 90 days. 
3. Flexible Payments: Pay weekly, bi-weekly or monthly, whichever works best for you.
4. Instant Decision: Apply and get approved instantly for up to $2,500. 
5. Apply Wherever You Want: Apply in-store, online, or over the phone.

How to Apply

Applying for this program is simple. 

1. Apply Online or text LOWES to 57597 and get your instant decision. Seek an associate inside any Lowe’s location for additional information.
2. Head to Lowes: Visit your local store and start shopping. 
3. Make Initial Payment: An initial $79 payment is required before checking out. 
4. Automatic Withdrawals: Payments will automatically withdraw on set days.