1. Credit Cards
  2. Insights
  3. MyLowe’s Rewards Credit Card

MyLowe’s Rewards Credit Card

Updated:

215

reviews

1.7

Rating: 1.7 out of 5.

Annual Fee: $0

This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.

Here’s the average credit limit of members who matched their MyLowe’s Rewards Credit Card or similar cards.

% of members by credit limit range

$0-$3K $3K-$5K $5K-$10K $10K-$20K $20K+ 0% 10% 20% 30% 40% 50% 44% 10% 37% 8% 1%
$0-$3K $3K-$5K $5K-$10K $10K-$20K $20K+ 0% 10% 20% 30% 40% 50% 44% 10% 37% 8% 1%
$0-$3K $3K-$5K $5K-$10K $10K-$20K $20K+ 0% 10% 20% 30% 40% 50% 44% 10% 37% 8% 1%

The average credit limit for members who have matched with this card or similar cards is $5,356, with $1,500 being the most common.

Here’s the average credit score of members who matched their MyLowe’s Rewards Credit Card or similar cards.

% of members by credit score range

Thin file Poor Fair Good Excellent 0% 10% 20% 30% 40% 10% 12% 13% 37% 28%
Thin file Poor Fair Good Excellent 0% 10% 20% 30% 40% 10% 12% 13% 37% 28%
Thin file Poor Fair Good Excellent 0% 10% 20% 30% 40% 10% 12% 13% 37% 28%

The average credit score for members who have matched with this card or similar cards is 718, with 819 being the most common. Note this is just one of the deciding factors when it comes to getting approved.


Member stats

Updated daily

26.8%

Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.

54 years

Average age of members who matched this card or similar cards.

$94,815

Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.



Member reviews

Overall rating:

1.7

Rating: 1.7 out of 5.

215

reviews

Most helpful positive review

January 21, 2012

5

Rating: 5 out of 5.

 

Credit Karma Member

Initial limit of $500. After no lates, low util., and perseverance, I am now at $8,500. I've noticed they?give much larger CLI after you've been with them a year or so.?I rarely use this card and barely like Lowe's. You get a 5% discount on everything! Whenever I have a home to remodel, I am sure this card will be taken advantage of; they are always offering some time of 0% for 6 mos or so. :-). Push the love button every three months or so. I do it a lot as they are only soft inquiries, which do not reflect poorly as they are an existing creditor on your CR.

Most helpful negative review

July 20, 2023

1

Rating: 1 out of 5.

They will destroy your credit

Credit Karma Member

Started with a $1500 credit limit to buy a refrigerator. Once I paid it down to $480 they reduced my credit limit to $500 putting me at 95% usage. Paid it down to $280, they dropped my credit limit to $300. Continued making payments and today I found out thru credit Karma they canceled my acct. Never late. Never missed a payment. Total waste of a card.

All member reviews