Synchrony, a leading consumer‑financing company, announced the launch of the MyLowe’s Pro Rewards American Express® Card on April 30, 2026. The new card builds on the existing MyLowe’s Pro Rewards Credit Card, which is limited to Lowe’s stores, by allowing Pro customers to use the card anywhere American Express is accepted. The move expands Lowe’s digital‑financial footprint and gives contractors a widely accepted payment option while keeping the program’s focus on the professional market.
The MyLowe’s Pro Rewards American Express® Card carries no annual fee and rewards points on eligible purchases up to $1.5 million in annual qualifying spend. Pros can apply in‑store or online at Lowes.com/businesscredit, and the card offers the same MyLowe’s Pro rewards program that has been popular among contractors for its time‑saving benefits and cost‑saving discounts on Lowe’s products.
Lowe’s has been growing its Pro and online sales in recent quarters. In Q4 fiscal 2025, the company reported total sales of $20.6 billion, a 1.3 % increase in comparable sales, and diluted earnings per share of $1.78, up from $1.99 in Q4 fiscal 2024. In Q1 fiscal 2025, sales were $20.9 billion with a 1.7 % decline in comparable sales, and diluted EPS of $2.92 versus $3.06 in Q1 fiscal 2024. The new card is positioned to accelerate the Pro segment’s momentum, which has been a key driver of Lowe’s recent growth and a focus of its strategy to deepen loyalty and spend among small‑to‑medium contractors.
Synchrony’s EVP & CEO of Home & Auto, Curtis Howse, said the partnership “allows us to deliver a truly seamless experience – simpler applications, smarter digital servicing and flexible financing to help meet the needs of Lowe’s professional customers. Our priority is delivering tangible everyday value for customers who rely on Lowe’s.” Lowe’s CFO Brandon J. Sink added that the expanded card‑issuing relationship “continues to strengthen our offering for small‑to‑medium Pros and deliver value through MyLowe’s Pro Rewards. We’re making it faster and easier for Pros to shop and keep their businesses running smoothly, with flexible financing tailored to their project needs.”
The card also positions Lowe’s against its chief competitor, Home Depot, by offering a broader range of financial services that enhance the Pro ecosystem. By leveraging the American Express network, Lowe’s can increase loyalty and spend among its Pro customer base while generating additional fee revenue from the partnership. The expansion aligns with Lowe’s broader strategy to transform from a traditional retailer into a comprehensive solutions provider for contractors.
Overall, the launch of the MyLowe’s Pro Rewards American Express® Card is a strategic step that strengthens Lowe’s competitive position in the professional contractor market, deepens customer loyalty, and expands revenue opportunities through increased spend and fee income. The move is expected to support Lowe’s long‑term growth strategy by reinforcing its digital and financial services offering for the Pro segment.
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