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 – SYF

+1.44%

+1.44% Session close to close

In the Apr 30 session, SYF gained 1.44%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement expands Synchrony’s co-brand relationship with Lowe’s through the MyLowe’s Pro Rew...

Analysis

This announcement expands Synchrony’s co-brand relationship with Lowe’s through the MyLowe’s Pro Rewards American Express Card, extending spending and rewards beyond in-store purchases and onto the American Express network. It follows a series of partnerships across retail, healthcare, and powersports that historically moved the stock by about 0.76% on average. Investors may track card adoption, spending volume, and credit performance metrics to gauge the long-term impact of this collaboration.

Key Figures

Annual qualifying spend cap: $1.5M

1 metrics

Annual qualifying spend cap $1.5M Maximum annual qualifying purchases for MyLowe’s Pro Rewards points

Previous Partnership Reports

5 past events · Latest: Apr 22 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 22	Retail card partnership	Positive	+1.2%	Launch of Chico’s co-branded and private-label cards with enhanced loyalty features.
Feb 25	Financing renewal	Positive	+2.9%	Renewal of long-term Polaris consumer financing partnership across U.S. dealer network.
Feb 19	Platform integration deal	Positive	-0.8%	CareCredit integration into Weave platform to streamline patient financing workflows.
Feb 18	Dental platform expansion	Positive	+0.8%	CareCredit made preferred financing across Planet DDS dental and ortho platforms.
Dec 17	Med spa extension	Positive	-0.2%	Extended AmSpa partnership with tiered merchant rates and broad CareCredit network access.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Partnership announcements have usually led to modest positive moves, but with a mix of aligned gains and occasional small declines.

Recent Company History

Over the last several months, Synchrony has repeatedly used partnerships to broaden its reach across retail, healthcare, and powersports. Notable deals include Chico’s FAS co-branded cards, renewed financing with Polaris, integrations with Weave and Planet DDS, and extended AmSpa collaboration. These announcements typically produced modest single-day moves of around ±1–3%. Today’s Lowe’s partnership fits this pattern of expanding partner networks and financing channels.

Key Terms

co-brand credit card, payment network

2 terms

co-brand credit card financial

"Synchrony now issuing the MyLowe's Pro Rewards American Express® Card, an expanded co-brand credit card partnership"

A co-brand credit card is a payment card offered through a partnership between a bank and a retailer, airline, hotel, or other well-known brand; it combines the bank’s lending services with the partner’s loyalty benefits, like points or discounts. For investors, these cards matter because they can boost sales, deepen customer loyalty, generate steady fee and interest income, and provide valuable data on spending patterns—similar to a loyalty program and credit product rolled into one.

payment network financial

"American Express will continue serving as the payment network for the MyLowe's Pro Rewards American Express® Card program"

A payment network is the system that moves money electronically between buyers, sellers and banks, including the technology, rules and partners that make payments happen securely and quickly. Like a road network for money, it determines how easily customers can pay and merchants can receive funds, so its reach, reliability and fees directly affect transaction volume, revenue and competitive strength — key factors investors watch.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 

STAMFORD, Conn., April 30, 2026 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading consumer financing company, today announced an expanded co-brand partnership with Lowe's (NYSE: LOW), with Synchrony now issuing the MyLowe's Pro Rewards American Express® Card. The new card complements the existing MyLowe's Pro Rewards Credit Card, which can be used only in Lowe's stores. The new card can be used anywhere American Express (NYSE: AXP) is accepted, helping extend Pro purchasing power and rewards earning potential beyond Lowe's.

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 North America at American Express. "The card will offer professionals a compelling way to earn rewards, backed by the security and benefits of our American Express Network."

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 $1.5M annual qualifying spend per year. Visit Lowes.com/Terms for additional restrictions and full details. Subject to change.

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 U.S. by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.

About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company with total fiscal 2025 sales of more than $86 billion. Lowe's employs approximately 300,000 associates and operates over 1,750 home improvement stores, 540 branches and 120 distribution centers. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.  

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 New York, American Express' brand is built on trust, security, service, and a rich history of delivering innovation and Membership value for our customers. We seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations, and we build and manage relationships with millions of merchants across our global network. For more information about American Express, visit americanexpress.com, americanexpress.com/en-us/newsroom/, and ir.americanexpress.com. 

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

FAQ

What did Synchrony announce about the MyLowe's Pro Rewards American Express card (AXP) on April 30, 2026?

Synchrony announced it will issue the MyLowe's Pro Rewards American Express Card, effective April 30, 2026. According to Synchrony, the card expands acceptance beyond Lowe's and offers MyLowe's Pro rewards points, with application available in store or at Lowes.com/businesscredit.

How does the MyLowe's Pro Rewards American Express card differ from the existing Lowe's Pro card (AXP)?

The new card is usable wherever American Express is accepted, unlike the existing card limited to Lowe's stores. According to Synchrony, this change extends Pro purchasing power and rewards earning potential beyond Lowe's retail locations.

When and where can Lowe's Pro customers apply for the new MyLowe's Pro Rewards American Express card (AXP)?

Pro customers can apply starting April 30, 2026, in store or online at Lowes.com/businesscredit. According to Synchrony, applications are available immediately and digital servicing is integrated for a streamlined customer experience.

What rewards and fees apply to the MyLowe's Pro Rewards American Express card (AXP)?

The card offers MyLowe's Pro rewards points on eligible purchases and carries no annual fee. According to Synchrony, points apply to qualifying purchases up to $1.5M in annual qualifying spend, with additional restrictions at Lowes.com/Terms.

Who handles payment processing and network services for the MyLowe's Pro Rewards American Express card (AXP)?

American Express will continue to serve as the payment network for the MyLowe's Pro Rewards American Express Card. According to Synchrony, American Express remains the network while Synchrony issues and services the card for Lowe's Pro customers.