Synchrony Premier Credit Card Features and Fees Compared

The Synchrony Premier Credit Card is a solid option for those looking for a reliable rewards credit card. It offers a 3% cash back reward on dining purchases.

One of the standout features of this card is its sign-up bonus, which is a $200 statement credit after spending $500 in the first 3 months. This is a great incentive for new cardholders.

The card also comes with a 0% introductory APR for 6 billing cycles, giving you time to pay off purchases without incurring interest charges. This can be a huge help if you need to make a large purchase.

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The Synchrony Premier Credit Card offers a range of benefits that can help you manage your finances and earn rewards.

With the card's 2% cashback on gas and 3% cashback on dining purchases, you can earn rewards on everyday expenses. This can add up to significant savings over time.

You can also earn 1% cashback on all other purchases, providing a steady stream of rewards. This can be redeemed for statement credits, gift cards, or other rewards.

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The card has a $0 annual fee, making it a low-cost option for those who want to earn rewards without incurring additional expenses. This can be a major perk for those who value simplicity and transparency in their financial products.

By using the card for your everyday purchases, you can earn rewards and save money on your expenses. This can be especially helpful for those who use the card for gas and dining purchases, where the rewards can add up quickly.

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The Synchrony Premier credit card has a relatively low annual fee of $0, which is a plus if you're looking to avoid extra charges. This fee is one of the lowest we've seen in the industry.

The card's rewards rate is 2%, which is a decent offering, but it's worth noting that there are other cards with higher rewards rates available. If you're looking to earn more rewards, you might want to consider other options.

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The ongoing APR on the Synchrony Premier credit card is a variable rate of 18.24%-33.99%. This means that your interest rate can fluctuate over time, and it's essential to pay off your balance in full each month to avoid accruing interest. If you do need to carry a balance, be aware that the APR can be quite high, especially if you're not paying off your balance in full each month.

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The APR on purchases can be a bit confusing, but let's break it down.

The APR on purchases for this card ranges from 18.24% to 33.99%, which is relatively high compared to some other cards.

In practical terms, if you have a balance of $1,000 and an APR of 25%, you'll be charged $250 in interest per year.

Here's a rough estimate of how long it would take to pay off the balance at different APRs:

Keep in mind that these are rough estimates and don't take into account any payments you might make towards the balance.

The Synchrony Premier World Mastercard isn't ideal for carrying a balance, with an ongoing APR of 18.24%-33.99%, Variable.

If you expect to carry a balance, you're better off with a card that offers a 0% intro APR period, which can often last a year or longer.

The Wells Fargo Active Cash Card offers 0% intro APR on Purchases for 12 months and 0% intro APR on Balance Transfers 12 months from account opening on qualifying balance transfers.

This can save you a significant amount of money in interest payments compared to the Synchrony Premier World Mastercard.

The ongoing APR on the Wells Fargo Active Cash Card is 19.24%, 24.24%, or 29.24% Variable APR, still lower than the Synchrony Premier World Mastercard's range.

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You can get a Synchrony Premier cash advance at an ATM, bank, or credit union.

If you're using an ATM, you'll first need to contact Synchrony Bank customer service and request a cash advance PIN.

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You won't need a PIN if you're doing a cash advance with a teller at a bank or credit union branch, but make sure you bring your driver's license or another ID.

To withdraw your cash advance at an ATM, you'll need to have your account information and PIN ready.

The Synchrony Premier World Mastercard offers a rewards program that's hard to beat. It earns an unlimited 2 percent cash back on all purchases, with no fussing about bonus categories, spending caps, or meeting specific criteria to earn the highest rewards rate.

You'll earn $20 back on a $1,000 purchase, and there's no limit on the amount of cash back you can earn. This simplicity comes at a price, as you forfeit higher reward rates offered by other cards, but those rates generally come with limits.

The rewards rate is a flat 2 percent, which is the new normal for cash-back cards. This means you won't have to think much about your rewards at all, as cash back is automatically credited to your account within two billing cycles.

If you're looking for a hassle-free rewards program, the Synchrony Premier World Mastercard is a great option. Its rewards structure is similar to the Citi Double Cash Card, but it grants your full 2 percent cash back earnings automatically as a statement credit, rather than only when you pay your balance.

Here are some key facts about the Synchrony Premier World Mastercard's rewards program:

The Synchrony Premier World Mastercard is a solid option for earning 2% cash back on all purchases, but it's essential to compare it to other cards to see if it's the best fit for you.

The Citi Double Cash Card is a top contender, with a 4.9 WalletHub Rating and a $200 bonus offer, making it a great alternative.

Another card to consider is the Capital One Quicksilver Cash Rewards Credit Card, which offers a 4.2 WalletHub Rating and a 0% purchase intro APR for 15 months.

Here's a brief comparison of these cards:

The Synchrony Premier World Mastercard has a lower WalletHub Rating and no sign-up bonus, making it less appealing compared to its competitors.

If you're looking for a card with a 2% cash back rate, you might want to consider the Citi Double Cash Card or the Capital One Quicksilver Cash Rewards Credit Card, which offer more benefits and competitive rates.

The Rakuten Cash Back Visa was discontinued in summer 2022, and its cardholders were moved to the Synchrony Premier World Mastercard, so if you're a former Rakuten cardholder, you might want to reevaluate your options.

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To manage your Synchrony Premier credit card account, you can log in online by visiting the Synchrony Bank website or mobile app and entering your username and password.

To access your online account, click the "Log In" button after entering your credentials.

To register for online access, click "Register Now" on the Synchrony Premier credit card account page and enter your account number and ZIP code.

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Logging in to your online account is a straightforward process. You can log in to your Synchrony Premier World Mastercard account by going to the login page on the Synchrony Bank website or mobile app and entering your username and password in the appropriate fields. Then, click the “Log In” to access your online account.

To access your online account, you'll need to have a registered account. This means you'll need to have already registered your Synchrony Premier credit card for online account access. To do this, simply click “Register Now” and enter your account number and ZIP code.

The registration process is quick and easy. You can complete it in just a few minutes.

To request a credit limit increase with Synchrony Premier, you can log in to your online account or the Synchrony Bank mobile app, choose the Synchrony Premier from the list of account options, and click "Services", then "Request Credit Increase."

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Paying your bill on time for at least six straight months, reducing your outstanding debt, and updating the income Synchrony Bank has on file can raise your chances of being approved for a higher credit limit.

To request a credit limit increase online, follow these steps:

You should receive a decision in just a few seconds, and if you're approved for a Synchrony Premier credit limit increase, the new limit is effective immediately.

To make the most of your Synchrony Premier World Mastercard, it's essential to use it strategically.

Make the Synchrony Mastercard your go-to card for all purchases outside of categories where you have higher-earning rewards cards.

Pay your cell phone bill with your Synchrony card to take advantage of the cell phone insurance provided by Mastercard. This can give you added peace of mind and protection in case your phone is damaged or stolen.

The Synchrony Premier World Mastercard is a great choice for everyday consumers who want a simple cash back rewards program. It offers an unlimited 2% cash back on all purchases, which is one of the better options on the market.

The card has a $0 annual fee, making it an even more attractive option for those who want to avoid extra costs. This is a major perk, especially for those who don't want to worry about annual fees eating into their cash back earnings.

Synchrony also issues a "Plus" and a "Preferred" version of the card, but those are currently invitation-only, so not everyone can get their hands on them.

Experts agree that the Synchrony Premier World Mastercard excels with its uncomplicated rewards rate, providing consistent value across a wide range of spending without the need to track specific bonus categories.

However, the card falls short in offering the broader suite of perks and benefits that are commonly available with other premium credit cards. This might make it less desirable for those seeking travel perks or exclusive experiences.

The Synchrony Premier World credit card is a solid choice, but it's essential to consider its limitations. The 2% cash back rate is generous, but it's not the best you can get in popular categories.

If you're looking for a card with a sign-up bonus or an introductory APR offer, the Synchrony Premier World might not be the best fit. It lacks these features, which can make it a little less appealing compared to other offers.

Ultimately, the decision to get the Synchrony Premier World credit card depends on your individual financial needs and preferences.

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You can't check for pre-approval on the Synchrony Bank website, so you'll have to apply for the Synchrony Premier Card without knowing if you're pre-approved first.

If you're interested in the Synchrony Premier Card, you can use WalletHub's CardAdvisor tool instead. It will ask you a few general questions and provide information on how easy it is to find the right credit card for you.

Synchrony Bank doesn't offer pre-approval through its website, which can be a bit inconvenient.

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If you're considering the Synchrony Premier World Mastercard, it's essential to research its closest competitors among top cash-back credit cards to ensure you're getting the best deal.

To determine if this card is right for you, think about your spending habits. If you frequently shop at stores like Costco, BJ's, and Sam's Club, a 2% cash back card like the Synchrony Premier card will help you earn a solid rewards rate for your wholesale shopping trips.

A 2% cash back card will also help you earn a solid rewards rate on everything you buy (subject to eligibility), making it a good fit if you can't be bothered to maximize rewards categories.

However, if you're a strategic spender looking to maximize your cash back on purchases, you might find better options with other 2% cash back cards, especially if you're familiar with different redemption options.

Here are some groups of people who may find the Synchrony Premier World Mastercard particularly useful:

Ultimately, whether the Synchrony Premier World Mastercard is right for you depends on your individual needs and spending habits.