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.