Synchrony Expands Partnership with Lowe's as New Issuer of Co-Brand Credit Card for Home Improvement Professionals
Rhea-AI Summary
Synchrony (NYSE:SYF) expanded its co-brand relationship with Lowe's (NYSE:LOW) and will become the issuer of the MyLowe's Pro Rewards American Express® Card, effective April 30, 2026. The card can be used anywhere American Express (NYSE:AXP) is accepted and offers MyLowe's Pro rewards points and no annual fee.
Pro customers can apply in store or at Lowes.com/businesscredit; American Express remains the payment network. Points apply to qualifying purchases up to a $1.5M annual spend cap; full terms at Lowes.com/Terms.
Positive
- Synchrony becomes issuer of the MyLowe's Pro Rewards American Express Card, expanding its commercial portfolio
- Card usable anywhere American Express is accepted, extending purchasing reach beyond Lowe's stores
- No annual fee for the MyLowe's Pro Rewards American Express Card
- Card points awarded on qualifying purchases up to a $1.5M annual qualifying spend per customer
Negative
- None.
News Market Reaction – AXP
In the Apr 30 session, AXP gained 2.34%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Partnership Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 02 | Experiential partnership | Positive | -0.4% | Multi-year partnership with Resy and Chef’s Table for live dining experiences. |
| Feb 10 | Sports partnership | Positive | +1.0% | Multiyear renewal expanding NBA, WNBA and related league payment partnership. |
| Nov 06 | Fintech integration deal | Positive | -0.0% | Expanded Emburse partnership adding Amex Virtual Card issuance and real-time data. |
| Aug 07 | Global entertainment deal | Positive | -0.3% | Expanded global partnership with AEG across >40 major venues and events. |
| Aug 05 | Hospitality partnership | Positive | -0.7% | Strategic partnership with Toast to enhance hospitality and dining experiences. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Partnership announcements for AXP have generally been framed positively but often coincided with flat to slightly negative next-day price reactions, with only one clear positive alignment in the past five events.
Over the past year, American Express has announced several partnership expansions across entertainment, sports, hospitality and expense management. Notable deals include the AEG alliance spanning more than 40 marquee assets on four continents, a multiyear extension with the NBA, and restaurant-focused collaborations with Toast plus dining experiences with Resy and Chef’s Table. Despite their strategic breadth, next-day stock reactions around these partnership headlines have averaged about -0.08%, suggesting muted immediate impact. Today’s Lowe’s/Synchrony card-issuer expansion fits this ongoing focus on network and co-brand relationships.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The MyLowe's Pro Rewards American Express® Card, Available Today, Is Designed to Help Pro Customers Maximize Rewards and Savings at Lowe's and on Everyday Business Purchases
Starting today, Pro customers can apply for the MyLowe's Pro Rewards American Express® Card in store or at Lowes.com/businesscredit. The card offers MyLowe's Pro rewards points1 on eligible purchases and a variety of other benefits, including no annual fee. American Express will continue serving as the payment network for the MyLowe's Pro Rewards American Express® Card program.
"Bringing the Lowe's commercial co-brand credit card under our umbrella with Synchrony 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," said Curtis Howse, EVP & CEO, Home & Auto, Synchrony. "Our priority is delivering tangible everyday value for customers who rely on Lowe's."
"By expanding our card-issuing relationship with Synchrony and leveraging the American Express Network for this card, we're continuing to strengthen our offering for small-to-medium Pros and deliver value through MyLowe's Pro Rewards," said Brandon J. Sink, Lowe's CFO. "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."
"American Express is pleased to announce our partnership with Synchrony and build on our longstanding relationship with Lowe's through the MyLowe's Pro Rewards American Express® Card," said Will Stredwick, EVP and GM of Global Network Services for
For more information, Lowe's Pro customers may call 866-796-1609.
Disclaimer:
1 Points: Points are awarded on Qualifying Purchases that have been settled and fulfilled up to
About Synchrony
Synchrony (NYSE: SYF) is a leading consumer financing company that has been at the heart of American commerce and opportunity for nearly a century. Synchrony delivers credit and banking products that empower tens of millions of consumers to improve their financial lives and access what matters most. Leveraging innovative solutions that are shaping the future of retail commerce, Synchrony supports the growth and success of some of the nation's most respected brands, alongside hundreds of thousands of small and midsize businesses, including health and wellness providers. Committed to excellence in service and culture, Synchrony is honored to be ranked the #1 Best Company to Work For® in the
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company with total fiscal 2025 sales of more than
About American Express
American Express (NYSE: AXP) is a global payments and premium lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services, and experiences that enrich lives and build business success. Founded in 1850 and headquartered in
Contacts:
Lauren Devilbiss
Synchrony
Lauren.Devilbiss@syf.comS
Steve Salazar
Lowe's
Steve.J.Salazar@lowes.com
Melissa Filipek
American Express
Melissa.j.Filipek@aexp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/synchrony-expands-partnership-with-lowes-as-new-issuer-of-co-brand-credit-card-for-home-improvement-professionals-302758954.html
SOURCE Synchrony