Lowes vs Platinum (Schwab)
Lowes
$0/yr
7.0/10
VS
Platinum (Schwab)
$895/yr
5.5/10
Quick Answer
Lowes charges no annual fee with 1X base rewards. Platinum (Schwab) charges $895/yr with 1X base rewards. Lowes offers better overall value for most spenders when comparing fees, rewards, and benefits side by side.
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Winner by Category
Annual Fees
Lowes
Lower annual fee ($0 vs $895)
Rewards Earning
Platinum (Schwab)
3 earning categories
Benefits & Protection
Lowes
0 benefits vs 0
Statement Credits
Platinum (Schwab)
$1439 in annual credits
Flexibility
Tie
Both cards have similar redemption flexibility
OUR PICK
Lowes wins for most people
The $895 fee difference is hard to justify unless you maximize premium benefits.
Apply for LowesPREMIUM PICK
Platinum (Schwab) wins for heavy spenders
If you can offset the higher fee with credits and perks, this card delivers more value.
Apply for Platinum (Schwab)Rewards Earning: Detailed Comparison
Lowes
| Lowe's purchases | 5.0X |
| Everything else | 1.0X |
Platinum (Schwab)
| Flights (Amex Travel) | 5.0X |
| Hotels (Amex Travel) | 5.0X |
| Everything else | 1.0X |