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Home Depot Credit Card vs. Lowe’s Credit Card: Lowe’s Is the More Rewarding Choice

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MyLowe’s Rewards Credit Card

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on Synchrony Bank's secure site

MyLowe’s Rewards Credit Card

The MyLowe’s Rewards Credit Card is our top pick over The Home Depot Consumer Credit Card because of its everyday discount on purchases. You’ll get 5% off eligible purchases at checkout, while The Home Depot Consumer Credit Card doesn’t have a rewards program.

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on Synchrony Bank's secure site

Making home renovations can be a smart way to improve your living space and add value to your property, and Home Depot and Lowe’s are two names most homeowners likely know. Both are major players in the home improvement space, and both offer store credit cards that can help you finance a renovation project.

Both cards offer a sign-up bonus worth up to $100 in value and at least six months of special financing. However, the MyLowe’s Rewards Credit Card beats out The Home Depot Consumer Credit Card because of its 5% discount on eligible Lowe’s purchases.

The Home Depot Consumer Credit Card vs. MyLowe’s Rewards Credit Card comparison

	The Home Depot Consumer Credit Card	The MyLowe’s Rewards Credit Card
Annual fee	$0	$0
Sign-up bonus	Save up to $100 on qualifying purchases for new cardholders. Get $25 off on purchases of $25-$299, $50 off purchases of $300-$999 or $100 off purchases of $1,000 or more.	Get a one-time discount of 20% off your purchase, up to a $100 discount, when you open and use a new MyLowe’s Rewards Credit Card.
Rewards	None	Save 5% on eligible purchases.
Financing options	Six months of special financing on purchases of $299 or more. No interest if paid in full within six months. Up to 24 months during special promotions.	Six months of special financing on purchases of $299 or more. No interest if paid in full within six months. 84 fixed monthly payments at a reduced APR on purchases of $2,000 or more.
Regular purchase APR	29.99% variable	31.99% variable

Terms and conditions apply to the above financing offers.

Tip: Be aware that these are deferred interest offers. This means that if you don’t pay your balance in full by the end of the promotional period, you’ll owe the full amount of interest for that period. With the high APRs on these cards, this could be very pricey.

Learn more about deferred interest.

What we like about The Home Depot Consumer Credit Card

The Home Depot Consumer Credit Card is ideal for regular Home Depot customers looking to finance substantial purchases. It offers 6 months of deferred-interest financing on purchases of $299 or more, with special promotions extending this period up to 24 months.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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on Citi Retail's secure site

The Home Depot Consumer Credit Card*

Intro Purchase APR N/A

Regular Purchase APR 29.99% variable

Annual Fee $0

Rewards Rate 6 months financing on qualifying purchases of $299 or more. No interest

Highlights

No interest if paid in full within 6 months* on purchases of $299 or more. Interest will be charged to your account from the purchase date if the purchase balance (including premiums for optional credit insurance) is not paid in full within 6 months.
Up to 24-Month Financing* on qualifying purchases during special promotions. The more you spend, the longer you may have to pay us back.
Access to exclusive department financing offers and savings throughout the year; including up to 24-month financing* on qualifying purchases and discounts on select products/installations
No annual fee*
1 Year Hassle Free Returns† credited back to your Home Depot card. That's 4X longer for returns, just for being a cardmember. †Refer to The Home Depot Returns Policy for details.

Recommended Credit

660 720 850

Good / Excellent

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*The information related to the The Home Depot Consumer Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply

Card details

New card member discount: Save up to $100 on qualifying purchases for new cardholders. Get $25 off on purchases of $25-$299, $50 off purchases of $300-$999 or $100 off purchases of $1,000 or more. This is similar to the discount on the MyLowe’s Rewards Credit Card, but with a higher spending requirement.
No everyday discount: The Home Depot Consumer Credit Card doesn’t offer any additional discounts outside of its special financing offers. This reduces the card’s value, unless you frequently make purchases large enough to qualify for the six-month financing plan.
APR range: This card offers a 29.99% variable APR range, which is lower than the MyLowe’s Rewards Credit Card, which is set at 31.99% variable.
Additional benefits: This card extends the return period to up to one year for cardholders, allowing for 4x longer returns. It also provides zero liability on unauthorized charges.

What we like about the MyLowe’s Rewards Credit Card

The MyLowe’s Rewards Credit Card is ideal for everyday savings, offering a 5% discount on eligible purchases daily. Or, you can choose one of its special financing options. This is a significant advantage over The Home Depot Consumer Credit Card, which doesn’t offer ongoing rewards on purchases.

How Does LendingTree Get Paid?

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on Synchrony Bank's secure site

MyLowe’s Rewards Credit Card*

Intro Purchase APR 84 fixed monthly payments at 7.99% APR. Subject to credit approval. Applies

Regular Purchase APR 31.99% variable

Annual Fee $0

Rewards Rate Save 5% off your eligible purchase, or get 6 months special financing

Highlights

5% off Lowe's purchases
$0 annual fee
31.99% variable APR

Recommended Credit

N/A

Get my free score

*The information related to the MyLowe’s Rewards Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply

Card details

New cardmember discount: Get a one-time discount of 20% off your purchase, up to a $100 discount, when you open and use a new MyLowe’s Rewards Credit Card. This is a better offer than The Home Depot Consumer Credit Card because the threshold is lower — you only have to spend $500 to get the full $100 discount.
Everyday discount: The MyLowe’s Rewards Credit Card has a major advantage over The Home Depot Consumer Credit Card: An automatic 5% discount on all eligible purchases. You can opt to receive the discount (instead of special financing — offers can’t be combined) whenever you make a purchase. If you’re a frequent shopper at Lowe’s — or even if you just stop by once in a while — saving 5% off your purchases is an attractive deal.
High APR: We always recommend paying your balance in full each month to avoid interest charges. But in case you end up carrying a balance on this card that isn’t on a financing plan, you should know it has a high 31.99% variable APR
Additional benefits: You’ll get free Silver Key status, which gives you 1.25x points toward MyLowe’s Money. Once you reach 500 points, $5 MyLowe’s Money will be added to your Lowes.com wallet, which can be redeemed for Lowe’s purchases. Plus, you’ll get exclusive offers, free standard shipping, point boosters and free member gifts.

Your 5% discount is applied directly at checkout in-store or online. Most purchases apply, but there are a few exclusions including:

Lowe’s volume or special discount programs like contractor pack, buy in bulk, military discount, employee discount or lowest price guarantee
Services like rentals, extended protection or replacement plans, shipping, delivery, assembly or installation fees
Gift cards
Fees and taxes
Previous sales
Weber, Kichler or Miele products

See our top picks for rewards credit cards.

Which credit card is better for me: The Home Depot Consumer Credit Card or MyLowe’s Rewards Credit Card?

The MyLowe’s Rewards Credit Card is the better option for most consumers. It offers an everyday discount that the other card lacks (though this discount can’t be combined with a financing offer).

However, the choice depends on which store you use. If you primarily shop with Home Depot, The Home Depot Consumer Credit Card may make more sense. Home Depot has a slight edge over Lowe’s in that it has a larger footprint, with more than 2,300 stores in the United States, Canada and Mexico (versus around 1,700 Lowe’s stores in the U.S.). If you live in an area without a Lowe’s, The Home Depot Consumer Credit Card may be the better option by default.

Still, neither of these cards may be the best credit card for you. Instead, consider a general-purpose card with a 0% intro APR and a sign-up bonus — that way, you won’t have to worry about incurring deferred interest. Or, consider a cash back credit card that has a high rewards rate on general purchases.

Looking for more benefits?

There are other no-annual-fee credit cards with more extensive benefits. For example:

The Chase Freedom Unlimited^® card offers cellphone insurance, extended warranty protection, up to $50,000 in purchase protection each year, and much more.
The Wells Fargo Reflect^® Card offers up to $600 in cellphone protection when you use your card to pay your monthly cellphone bill. Plus, you’ll get roadside dispatch, zero liability protection and complimentary FICO Score updates and credit insights.

Find your perfect card in 30 seconds. Check your approval odds so you can shop smarter.

Alternate credit cards for home improvement projects

Credit Cards	Our Ratings	Rewards Rate	Intro Purchase APR	Regular APR
Wells Fargo Reflect^® Card* Learn More	3.3 Longest intro APR for financing a large purchase	None	0% intro APR for 21 months from account opening	17.49%, 23.99%, or 29.24% Variable APR	Learn More
BankAmericard^® credit card* Learn More	4.6 Runner-up for longest intro APR on purchases	N/A	0% Intro APR for 18 billing cycles for purchases	15.74% - 25.74% Variable APR	Learn More
Chase Freedom Unlimited^® Apply Now on Chase's secure site	4.6 High flat-rate of cash back and a long intro APR on purchases	Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases	0% Intro APR on Purchases for 15 months	19.74% - 28.49% Variable	Apply Now on Chase's secure site
Prime Visa Apply Now on Chase's secure site	4.2 Alternate store card with a high rate of cash back on Amazon purchases	Earn unlimited 5% back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership, unlimited 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare), and unlimited 1% on all other purchases	N/A	19.74% – 28.49% Variable	Apply Now on Chase's secure site
Target Circle™ Card* Learn More	2.2 Alternate store card with a high rate of cash back on Target purchases	5% off every day at Target and Target.com. Earn 2% on dining and gas purchases and 1% everywhere else outside of Target	N/A	29.95%	Learn More
Wells Fargo Active Cash^® Card* Learn More	4.6 Offers 2% cash back on every purchase	Earn unlimited 2% cash rewards on purchases	0% intro APR for 12 months from account opening	19.49%, 24.49%, or 29.49% Variable APR	Learn More

*The information for the Wells Fargo Reflect^® Card, BankAmericard^® credit card, Target Circle™ Card and Wells Fargo Active Cash^® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms Apply.

The information related to the The Home Depot Consumer Credit Card, MyLowe’s Rewards Credit Card, Wells Fargo Reflect^® Card, BankAmericard^® credit card, Target Circle™ Card and Wells Fargo Active Cash^® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.

The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.

Sammi Scharf

Sammi Scharf is a staff writer at LendingTree, where she compares and reviews credit cards. She loves to help consumers make the best financial decisions and find products that match their lifestyle. Sammi entered the personal finance space in 2022, when she joined LendingTree as a web content coordinator.

Through her work, Sammi has fostered a profound knowledge of credit card products. She enjoys deep-diving into card benefits that people may not know about and helping readers see how they can leverage all the features on their credit cards to save money.

Before joining the personal finance world, Sammi worked in the home appliances and real estate spaces. She wrote product information about appliances and new homes coming to market. Her passion for explaining products to consumers and helping them tackle major financial decisions led her to personal finance writing. When Sammi is not researching and reviewing credit cards, she’s training for her next race or hitting the beach.

Specialties

Credit card reviews
Credit card comparisons
Rewards programs
Travel and travel loyalty programs

Achievements

2 years of credit card reporting experience
Nearly 50 articles written for LendingTree
Helped develop LendingTree’s process for updating credit card details.

Education

Bachelor of Arts, Appalachian State University

Sammi’s favorite credit cards

“I’m all about cash back credit cards. I love the Wells Fargo Active Cash^® Card because it’s an easy way to earn 2% cash back on everything I purchase. We’re a big Amazon household so I also love the Prime Visa. I’ve been able to use my cash back earnings to purchase furniture from Amazon for my home. Finally, the Chase Freedom Unlimited^® is my favorite go-to credit card for dining out at restaurants.”