Lowe’s has launched a loyalty program tailored for homeowners — here’s how you can maximize your earnings on purchases.

As a homeowner, I understand that projects (and their costs) are ongoing. It’s crucial for me to be aware of every opportunity to save money. While it's essential to watch for sales, rewards programs are another effective way to be savvy with your spending.

For home improvement purchases, Lowe's provides a loyalty program and a credit card that can offer significant benefits. With summer projects approaching, let’s take a closer look at the MyLowe's Rewards program and the MyLowe's Rewards Credit Card, which present numerous chances to save on everyday necessities for your home.

Accruing benefits with MyLowe's Rewards

All customers, regardless of whether they have a Lowe's credit card, can enroll in MyLowe's Rewards¹, a three-tier loyalty program that provides exclusive benefits and allows members to accumulate points on eligible home improvement purchases. Whether you're a millennial aiming to optimize your new home or a baby boomer updating your home for better accessibility in retirement, MyLowe's Rewards caters to all homeowners' needs.

Upon joining, you'll gain access to exclusive perks such as free gifts for members, complimentary Lowe's DIY-U workshops for kids and gardening, personalized offers, and advance notifications about sales. Points earned from eligible purchases contribute towards MyLowe's Money², which can be used at Lowe's, and there are point booster opportunities to help you earn rewards more quickly.

Members are encouraged to share their interests — whether they're into gardening or are new homeowners — to earn extra points and receive tailored shopping suggestions and deals. Lowe's also provides point boosters that celebrate members in unique ways, like awarding all members 100 points after partnering with star soccer player Lionel Messi.

Additionally, until July 31, members will accumulate MyLowe's Money at an accelerated rate, as every 500 points earned will translate to $5 in MyLowe's Money.

For those familiar with frequent flyer programs, the MyLowe's Rewards program features elite status tiers that offer enhanced perks as you progress. Starting at the Bronze Key level, the first tier, you'll earn 1 point for every dollar spent and enjoy free standard shipping*** (excluding Alaska and Hawaii) on eligible purchases of $35 or more.

Spending between $500 and $1,999 on eligible purchases annually grants you Silver Key status. With this level, you’ll earn 1.25 points per dollar spent and receive free standard shipping (excluding Alaska and Hawaii) with no minimum spend required. Additionally, MyLowe's Rewards Credit Card holders qualify for Silver Key membership no matter how much they spend each year at Lowe's.¹

If you spend $2,000 or more each year, you'll achieve the highest status level, Gold Key. At this tier, you'll earn 1.5 points for every dollar spent — a 20% increase compared to Silver Key and a 50% increase over Bronze Key.

Joining, earning, and saving through members-only offers and free standard shipping becomes effortless starting at Silver Key status with MyLowe's Rewards.

What exactly is the MyLowe's Rewards Credit Card?

The MyLowe's Rewards Credit Card (previously known as the Lowe's Advantage credit card) is designed for a diverse range of customers, catering to various home improvement purchases, big or small.

By utilizing the MyLowe's Rewards Credit Card, you can opt for a 5%* discount on your purchase (some exclusions apply) or choose to enjoy six months of special financing on purchases of $299 or more.**

The automatic discount is perfect for everyday buys; for instance, a $200 item will automatically cost you $190 with the discount applied. The special financing option is ideal for those making significant purchases or renovating their homes, allowing them to manage the cost without incurring extra fees over six months, which can be crucial for starting new projects.

With the upgrade to Silver Key status in the MyLowe's Rewards program, cardholders can maximize their savings and rewards compared to other payment methods at Lowe's.¹ At this mid-tier membership level, you immediately benefit from free standard shipping (excluding Hawaii and Alaska)*** and a 25% increase in points earned on eligible purchases, enabling you to earn MyLowe's Money more quickly.

In summary

The MyLowe's Rewards Credit Card and the MyLowe's Rewards program provide excellent opportunities to save money and earn rewards on all your upcoming home improvement endeavors.

Whether you're a casual shopper or planning a major renovation, you may be pleasantly surprised by how quickly your savings and rewards can add up with this straightforward and user-friendly program.

¹ The MyLowe's Rewards Program includes various membership levels (each referred to as "Status"), determined by a User's total spend on Eligible Purchases during a specific Program Period. The Status for future Program Periods will be based on the previous year's annual Eligible Purchase spending. Activation of Silver Key Status for credit cardholders may require saving the card to Lowe's digital wallet. Additional terms and restrictions apply. For details, visit Lowes.com/mylowes-rewards-terms. This is subject to change.

² My Points are granted for eligible purchases on orders that have been processed and fulfilled. There are exclusions, restrictions, and other terms. For details, visit Lowes.com/mylowes-rewards-terms. This is subject to change.

MyLowe's Money: NO CASH BACK. Nontransferable. MyLowe's Money is not a credit, debit, or gift card; it carries no implied warranties. It can be redeemed during the specified redemption period along with other discounts, offers, or coupons. Limited to 5 per transaction. Void if altered, defaced, copied, transferred, or sold (including online auctions). MyLowe's Money will be applied after all applicable discounts, coupons, taxes, and fees. It may not be used on (1) gift cards, including Lowe's-branded gift cards; (2) payments on a Lowe's credit card or any third-party charge account; (3) any Lowe's-branded websites operated by third parties; or (4) products from Weber, Kichler, or Miele. For returns: the value of merchandise purchased with MyLowe's Money will first be credited back to the payment method, and any remaining value will be returned as MyLowe's Money to the customer's Wallet. Valid in the U.S. only. Subject to change. Lowe's reserves the right to withdraw MyLowe's Money at any time for any reason. For more details, visit Lowes.com/mylowes-rewards-terms.

*, ** Offers are subject to credit approval and cannot be combined. Minimum monthly payments are required for Special Financing. If your purchase exceeds the minimum amount, you will be prompted to select the offer you'd like. For more details, visit Lowes.com/Credit.

*** MyLowe's Rewards Free Standard Shipping: Applies only to eligible items in the contiguous U.S. The threshold is calculated after applicable discounts and before taxes, installation, and any additional delivery or extended protection fees, if applicable. Restrictions and additional terms apply. For details, see https://www.lowes.com/l/help/free-shipping.