What Credit Bureau Does Lowe’S Use In 2022? (All You Need To Know)

Lowe’s not only offers great discounts, but also offers customers the option to apply for a store card which offers many benefits.

It might seem odd to you, but which credit bureau is Lowe using? Here’s everything I learned from my research!

Lowe’s Credit Bureau: What Will It Use For 2022

Lowe’s uses three credit bureaus, Equifax, Experian, and TransUnion, to check customer application eligibility for a store credit card as of 2022. Lowe’s system automatically selects one of these credit unions to pass a credit check through upon application. Lowe’s credit-card customers must have a credit score at minimum 640.

Continue reading to find out more about Lowe’s credit bureaus and the process for applying for Lowe’s store credit cards. Also, details regarding the credit cards.

Lowe’s has a credit card for stores

Lowe’s provides multiple store credit card options.

Then you will be able to apply for these cards online and at any Lowe’s location’s customer care desk.

Lowe’s is also offering the following credit cards at present:

Lowe’s Benefit card

Lowe’s’ Business Advantage card

Lowes Commercial Account

Lowe’s Business Rewards

Lowe’s PreLoad Discover card

Lowes Lease-ToOwn card

To be eligible for the program, candidates will need to provide their Social Security Number, Contact Information, and any other details.

Lowe’s Credit Bureaus What Does Lowe Use for Its Store Credit Cards?

Lowe’s automated system will accept your credit card application and then pass your financial details off to one of three major credit bureaus to complete the check.

Lowe’s Credit Card System will select Equifax Experian and TransUnion randomly for credit checks.

However, you cannot choose which bureau to use for your credit.

Lowe’s Store Credit Card is also issued by Synchrony Bank. Synchrony Bank relies upon Equifax, Experian and TransUnion quality checks.

Lowe’s can do a Hard Credit Check

Lowe’s checks all credit applications for store cards to verify eligibility.

For a credit bureau’s determination of your hard credit, you need to give details like your Social Security Number and work history.

You may also be able to pre-qualify as Lowe’s customer by viewing the Credit Card Page on their website.

What credit score is required to apply for the Lowe’s Card Credit card?

Like most other store credit cards available, such as Home Depot or Target, Lowe’s credit card does require its applicants to have a satisfactory preliminary credit score to be successful.

Lowe’s will require that you have at least 640 credit points in order to qualify for their store credit card.

Lowe can do hard credit checks on you, so your score may be negatively affected.

What is it like to get a Lowe’s credit card?

You can get the Lowes credit card, provided you have adequate credit information.

To be clear, in the event of failure, applicants’ credit scores could drop by as much as five to ten percent if they have to pass a hard credit screening.

Furthermore, this card is very credit-intensive so interested customers need to be sure they are eligible.

For the best chance of avoiding rejection, make sure your credit is clear before you apply for this store credit.

How can you enjoy the Lowe’s Card Credit card benefits?

Lowe’s credit card offers many benefits. For example, the benefits of the Lowe’s Advantage card include:

5% off every day or six months Special Financing on qualified purchases (purchases over $299)

For purchases above $2000, 84 fixed monthly payment at 7.99% interest

Exclusive cardholder events

There’s no annual fee

Offer limited: All new accounts will receive 20% off any purchase made the same day (upto $100).

The benefits of the other cards (Lowe’s Business Advantage, Lowe’s Commercial Account, Lowe’s Business Rewards card, Lowe’s PreLoad Discover card, and the Lowe’s Lease-To-Own card) include:

Everyday 5% Discount on In-Store and Online Purchases

$20 discounted delivery if the product is paid for with a Lowe’s Business credit card (only applies to Lowe’s truck delivery)

You have a variety of billing and invoicing options

Returns available for up to 365 days

Manage your account online 24/7

Exclusive cardholder events

To know more, you might also be interested in reading up on what bank does Lowe’s use, if Lowe’s accepts American Express, and if Lowe’s accepts PayPal.

Conclusion

Lowe’s reserves the right to randomly pick one from three credit bureaus, Experian (or TransUnion), in order determine eligibility for company’s credit card applications.

Furthermore, the applicants do not know from whom credit bureau they will select to determine eligibility.

You must have a credit score of at least 640 before you apply for a Lowes card. If your score falls below 640, the credit card may not be approved.

Lowes What Credit Bureau Do They Pull From?

Lowe’s utilizes all three of the major credit bureaus. The applicant’s credit is checked randomly by Lowe’s using Equifax Experian and TransUnion.

You need to have a good credit score in order to apply for lowes.

644-640 or higher

.What Credit Bureau Does Lowe’S Use In 2022? (All You Need To Know)