Lowe's Launches MyLowe's Rewards Loyalty Program Aimed at Helping DIYers Get More Value When They Choose Lowe's for Their Home Improvement Needs
MyLowe's Rewards Credit Card Holders Receive 5% Off Every Day; All Loyalty Members Earn Points Towards MyLowe's Money, Free Gifts and More
MOORESVILLE, N.C., Jan. 10, 2024 /PRNewswire/ -- Lowe's now has a first-of-its-kind loyalty program designed for DIY customers to help them save on items they need for their homes now and earn rewards toward what they want next. The all new MyLowe's Rewards* offers a seamless and rewarding shopping experience with exclusive perks for members. Plus, customers who shop with their MyLowe's Rewards Credit Card will save 5%∆ every day on eligible purchases, receiving the most value and rewards compared to any other payment type.
The loyalty program is available today in select regions and will expand nationwide in March. Benefits available to all members include:
- Points earned on eligible purchases toward MyLowe's Money±
- Free standard shipping** with no or lower minimum spend on eligible purchases
- Free member-only gifts
- Free Lowe's DIY-U kids and garden workshops
- Savings through exclusive offers and early sales notifications
- Plus, a customized in-app experience that allows members to track their points progress, explore previous purchases and receive personalized recommendations
"Lowe's has been serving DIY customers for more than 100 years, and now we're rewarding their longtime loyalty by offering even more value when then they shop with MyLowe's Rewards," said Marvin Ellison, Lowe's chairman and CEO. "We created this loyalty program with their home improvement needs in mind, just as we did with the MVPs Pro Rewards program for our Pro customers. With MyLowe's Rewards, Lowe's is now the only national home improvement retailer with distinct loyalty offerings that cater to both Pro and DIY customers."
MyLowe's Rewards is a three-tiered program with new benefits unlocked at each status level. New members start at the Bronze Key tier and increase in status as they shop and engage with Lowe's more annually. Statuses and benefits include:
- Bronze Key: Earns 1 point per dollar, plus free standard shipping on eligible purchases $35 or more
- Silver Key: Earns 1.25 points per dollar, plus free standard shipping with no purchase minimum on eligible items
- Gold Key: Earns 1.5 points per dollar, plus free standard shipping with no purchase minimum on eligible items
MyLowe's Rewards Credit Card holders will also receive a free upgrade to Silver Key status, earning MyLowe's Money faster and gaining access to all member benefits. Current Lowe's Advantage Credit Card holders will automatically transition to the MyLowe's Rewards Credit Card in March and will continue to save 5% every day on eligible purchases while earning points and rewards.
"We designed MyLowe's Rewards based on our deep understanding of the DIY customer, particularly millennial homeowners with families," said Jen Wilson, Lowe's senior vice president, enterprise brand and marketing. "These customers are trying to make the most of their homes while also looking for experiences for their families. Benefits they want, like free gifts and kids' workshops, are small ways we can thank our customers for choosing Lowe's—all while saving them money along the way."
For more information, please visit www.Lowes.com/MyLowesRewards.
*MyLowe's Rewards Program subject to Terms & Conditions. See Lowes.com/Terms for full program details. Subject to change.
∆Subject to credit approval. More terms & restrictions apply. See Lowes.com/Credit for details.*
**Available for eligible items in the contiguous U.S. only. Exclusions and more terms apply.
± MyLowe's Money: NO CASH BACK. Nontransferable. MyLowe's Money is not a credit, debit or gift card; it has no implied warranties. MyLowe's Money can be redeemed towards purchases of eligible products in eligible sales channels in the U.S. only during the stated redemption window. Limit of 5 per transaction. MyLowe's Money will be applied after all other applicable discounts, coupons, taxes and fees have been applied. Additional terms, conditions & restrictions apply and are subject to change.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 17 million customer transactions a week in the U.S. With total fiscal year 2022 sales of over $97 billion, approximately $92 billion of sales were generated in the U.S., where Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
Media Contacts
Kara Hauck
kara.hauck@lowes.com
Stefanie Moody
stefanie.moody@lowes.com
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SOURCE Lowe's Companies, Inc.
FAQs
Lowe's has launched a loyalty program aimed at the do-it-yourself customer. The all-new MyLowe's Rewards program offers exclusive perks and those who shop with the MyLowe's Rewards credit card save 5% on eligible purchases, according to a press release. Members also earn points toward MyLowe's Money and free gifts.
What is Lowes' loyalty program designed for DIY customers called? ›
MyLowe's Rewards is a free loyalty program for Do-It-Yourself (DIY) Lowe's customers that allows members to earn points toward MyLowe's Money just for shopping at Lowe's. Members will also receive member-only gifts.
Is Lowe's Rewards worth it? ›
The MyLowe's Rewards Credit Card is the hands-down winner (as long as you have a Lowe's nearby). The ability to earn an immediate, uncapped 5% cash back on all eligible purchases at Lowe's makes it one of the most rewarding cards available for home improvement store spending.
What MyLowes rewards statuses receive free standard shipping? ›
It's simple to join, earn and save through members-only offers and free standard shipping starting at Silver Key status with MyLowe's Rewards.
What is MyLowe's money? ›
MyLowe's Rewards is a free loyalty program for Do-It-Yourself (DIY) Lowe's customers that allows members to earn points toward MyLowe's Money just for shopping at Lowe's. Members will also receive member-only gifts.
What is Lowes DIY? ›
For any do-it-yourself, or DIY, projects you're taking on, let Lowe's be your guide with our live, interactive DIY workshops. They're the perfect way to pick up the skills you need, with step-by-step instructions for a variety of projects.
What is the name of the loyalty program for pro customers at Home Depot? ›
A: Pro Xtra is a rewards program for contractors and other professionals who do business with The Home Depot.
How do you get 20% off at Lowes? ›
Sign up for the credit card, get a Lowe's coupon for 20% off
You can get huge savings when you apply for the Lowe's Advantage credit card. You'll get a Lowe's coupon for 20% off your entire purchase when you're approved. Some exceptions and restrictions apply.
How to save 10 percent at Lowes? ›
Verify your status as a military service member or spouse through ID.me. Sign in or create a MyLowe's Rewards account. Confirm or provide your primary address. Shop online or in-store to get 10% off eligible items every day, receive FREE standard shipping and earn rewards faster with MyLowe's Rewards Silver Key status.
Does Lowes honor prices? ›
If you find a lower price on an identical item at a local or online retail competitor (including shipping and delivery fees), just bring us the competitor's current ad or show a printout, photo, smartphone display or app and we'll match their price.
Additionally, starting on March 7, 2024, the MyLowe's keyfob card will no longer work to track your in-store purchases. In order to continue tracking all of your in-store purchases after March 7, 2024, please scan your Member ID, Wallet Scan to Pay, or provide the phone number associated with your account.
Do my Lowes rewards points expire? ›
Lowe's E-Gift Cards that have been claimed don't expire. Drink or snack coupons expire on the last day of the calendar month. Unless extended by Lowe's, Bonus Points expire on 12/31/24. Redeem Bonus Points in the Rewards Center.
How much are 1000 Lowes points worth? ›
Lowe's Business Rewards Points vs. The Competition
Rewards Program | Average Point Value | Value of 1,000 Points |
---|
Lowe's Business Rewards | 1 cent | $10 |
Ace Rewards | 0.2 cents | $2 |
TrueValue Rewards | 0.2 cents | $2 |
Sam's Club | 1 cent | $10 |
1 more rowJun 7, 2024
Can Lowes look up a receipt? ›
Lowe's doesn't accept Apple Pay at the moment but if they ever do, you will be ready with your MyLowe's card to track your receipts. Remember that a store can not look up a receipt unless it is tied to a loyalty card or phone number (e.g. Lowe's), or credit card (e.g. Home Depot).
What is Lowes' bronze key status? ›
Statuses and benefits include: Bronze Key: Earns one point per dollar, plus free standard shipping on eligible purchases $35 or more. Silver Key: Earns 1.25 points per dollar, plus free standard shipping with no purchase minimum on eligible items.
What is the QSP program at Lowes? ›
Lowe's Quote Support Program (QSP) allows members to request deeper discounts (minimum 5% and up to 20%) for purchases totaling $2,500 and over, either in a single transaction or cumulative over a 30-day period.
What is Lowe's VBU? ›
Once a new supplier is approved and a Lowe's Vendor Business Unit (VBU) is assigned, the Merchandising Team at Lowe's will contact the Lowe's Item Setup Center of Excellence to initiate the onboarding process between the Supplier and the appropriate Syndigo Onboarding Team resource.
What does Lowes smart stand for? ›
The award came from Lowe's regional vice president, Michael McCarthy, for S.M.A.R.T. customer service for the entire region, which includes Michigan, Ohio, Indiana and Illinois. S.M.A.R.T. is an acronym that stands for: Seek out the customer. Meet the customer's needs. Add related products, services and expert advice.
What is Lowe's silver key status? ›
Silver Key: Earns 1.25 points per dollar, plus free standard shipping with no purchase minimum on eligible items.