You can increase your Lowe's Store Card credit limit by making a requestonline or over the phone at(800) 444-1408. Alternatively, you may also get a Lowe's Store Card credit limit increase without asking, if your account is in good standing.
To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update your income. You will be more likely to get a credit limit increase if the revised income clearly shows that you can afford a higher limit.
How to Get a Lowe's Store Card Credit Limit Increase Online
- Log in to youronline account.
- Click “Services,” and then “Request Credit Increase”.
- Enter the required information and your new desired limit.
- Confirm the information entered and submit your request.
You should receive a decision in just a few seconds. You can also use the chat service in youronline accountto request a credit limit increase through a customer service agent. If you’re approved for a Lowe's Store Card credit limit increase, the new limit is effective immediately.
Impact of a Lowe's Store Card Credit Limit Increase on Your Credit Score
When you request a Lowe's Store Card credit limit increase, the issuer will conduct asoft pullof your credit report. This inquiry will not affect your credit score.
Alternatively, you could be eligible for a Lowe's Store Card credit limit increase without even requesting one. The issuer may offer a Lowe's Store Card automatic credit limit increase if regular reviews of your account show a history of on-time payments and low debt. An automatic credit limit increase also involves a soft pull, which does not affect your credit score.
This answer was first published on 04/02/20 and it was last updated on 10/07/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
