Home Depot Credit Card vs. Lowe’s Credit Card: Which Is The Best Option?

Published On: May 9, 2025

Home Depot and Lowe’s have store-branded credit cards tailored to their shoppers, but which one offers the best value for home improvement projects? For homeowners looking to tackle projects by themselves or contractors, having the right store credit card can provide savings and easier financing.

Table of Contents

This guide will cover the advantages, fees, and features of the Home Depot Credit Card and the Lowe’s Advantage Card. By the end of this article, you will know which card fits your needs best.

Benefits of The Home Depot Credit Card

The Home Depot Consumer Credit Card benefits people who are comprehensive shoppers or homeowners who frequently shop at HOME DEPOT. Here are its key features:

1. Financing Options

Six-Month Financing: The Home Depot Credit Card allows no-interest payments for six months with deferred interest on purchases above $299. However, if the purchase amount is not paid off within 6 months, the interest will be charged retroactively.

Project Loan: For people aiming for significant changes, a Project Loan Card grants up to $55,000 of credit to users at a fixed interest rate, which can be great for big projects such as a house remodel.

2. Exclusive Promotions

The Home Depot Credit Card Limited Edition Promotions: For Home Depot Customers, having the Credit Card often provides limited-edition offers like discounts for selected items and services that enhance value during shopping.

3. Absence Of An Annual Fee

The Home Depot credit card has no annual fee, one of the most significant advantages. This makes it appealing to infrequent shoppers who may want the flexibility of financing now and then.

4. Disadvantages

As with any credit card, the card has advantages and disadvantages. The only major drawback is the absence of cashback or discount benefits. Not being able to earn cash back on your spending or offer discounted deals would not satisfy many users, and it’s easy to understand why.

Factors Improving the Lowe’s Credit Card Offer

The primary draw from the Lowe’s Advantage Card for homeowners and contractors is the increased savings they receive at Lowe’s stores. They get immediate benefits in the form of value straight after payment and planned savings. Here is more of what you would expect:

1. Payment with 5% Discount Cash Back

Another significant aspect of the Service Discount comes directly from the total amount owed in retail stores, thus translating to immediate savings. This means that you will secure financial discounts on future shopping trips.

2. Special Financing Options

6-Month Period with Deferred Interest: Lowe’s allows for six months of special financing on purchases of $299, like the Home Depot Credit Card. The difference is that interest is deferred for the promotional period.

Extended Project Financing: Cardholders may choose to take out reduced APR project financing (starting at 7.99% for as long as 84 months) for larger purchases.

3. Unique Offers and Special Deals

The discount Lowe’s Advantage Card grants users additional discounts beyond the standard discounts Lowe’s offers. These discounts significantly reduce costs when used with the store’s regular promotions.

4. Free Annual Charge

In line with the Home Depot card, the option to the Lowe’s Advantage Card comes without an associated annual fee. This feature is beneficial for the economically minded shopper.

Customer Feedback and Evaluation

Home Depot Credit Card

Users tend to appreciate the flexibility of the Home Depot Credit Card as they seek to finance bigger undertakings like larger purchases. The Project Loan feature is something that most contractors and people undertaking a remodel tend to appreciate. Some users have voiced concerns about the high APR that comes with deferred interest.

Lowe’s Advantage Card

Lowe’s Advantage Card users commend it for the instant utilization of the 5% discount it offers. Many stock shoppers commend the card due to the savings accrued from everyday purchases. Some have argued that the criteria for qualifying for Lowe’s extended financing are too strict for some customers.

Professional Insights

Financial specialists assessed customers’ feedback and provided input for:

Home Depot Credit Card: It was rated best for planning a one-time bulky purchase, as those types would greatly benefit from the financing and loan options available.

Lowe’s Advantage Card: This card is more suitable for frequent buyers. This is because the 5% discount translates to considerable savings over time.

As per the insights of some industry experts, if you value smaller purchases made frequently, then the Lowe’s Advantage Card is a far more valuable option than the competition.

Most Useful Advantages

Lowe’s Advantage Card Wins For…

Best Value For Frequent Purchases

Reason: A discount of 5 per cent on each purchase makes it highly beneficial for customers who visit often.

Best Value For Bigger Projects

Home Depot Credit Card Wins…

Reason: Access to the Project Loan Card has a greater funding ceiling for large-scale renovations.

Most Flexible Financing Options

Winner: Tie

Both offer good 6-month periods with no interest. However, Lowe’s extended APR options make it more advantageous for larger projects.

Advantages and Disadvantages of Each Card

Home Depot Credit Card

Pros:

Great project-based financing options.

No annual fee.

Cons:

No discounts are offered at the point of sale.

Back interest during financing periods.

Lowe’s Advantage Card

Pros:

5% discounts at the point of sale.

Lower-than-market APR financing options.

Cons:

Restricted to services offered at Lowe’s.

Tight underwriting standards for financing.

Comparison Table

Here’s a side-by-side comparison to highlight the differences between the two cards:

Feature	Home Depot Credit Card	Lowe’s Advantage Card
Purchases Discount	None	5% on eligible purchases
Financing Options	6-month deferred interest, project loan	6-month deferred interest, reduced APR project plans
Annual Fee	$0	$0
Promotions	Limited-time offers	Frequent cardholder offers
Project Financing	Up to $55,000 loan coverage	Reduced APR for extended terms