Synchrony Premier Mastercard | Synchrony Bank (2024)

FAQs

Is it hard to get a synchrony Premier Mastercard? ›

Yes, it is hard to get the Synchrony Premier World Mastercard® because it requires good credit for approval. Unless your credit score is 700 and you have a lot of income, it will be difficult for you to get approved for the Synchrony Premier Card.

The Synchrony Premier World Mastercard®, which offers 2% cash back on every purchase to individuals with excellent credit (FICO scores of 720 or higher). The Synchrony Plus World Mastercard, which is designed for those with at least good credit (scores of 690 or higher) and earns 1% cash back on every purchase.

The Synchrony Mastercard is issued by Synchrony Bank pursuant to a license by Mastercard International Incorporated.

The pros of banking with Synchrony include a top-tier high-yield savings account with a competitive interest rate and easy opening requirements, and a variety of CD terms and types. The cons of banking with Synchrony include no physical locations, no checking accounts, and limited services and products beyond banking.

Before diving into the application process, familiarize yourself with our basic eligibility requirements. The PREMIER Credit Card could be a good option to help you build¹ credit if you have: Annual income of at least $10,000. A credit score² of 500 or higher.

More about Synchrony: Synchrony Bank is owned by Synchrony Financial, a Stamford, Connecticut-based consumer financial services company.

What's the Synchrony Bank credit card credit score requirement? It depends on the credit card you are interested in. Most credit cards offered by Synchrony Bank are designed for people with fair (640 – 699), good (700 – 749) or excellent (750 – 850) credit.

Synchrony Bank is a solid online bank with competitive interest rates on savings, money market, and CD accounts. It is a good option for consumers who are happy with their current checking account but want to earn a higher rate of interest on their savings.

You can use your Synchrony Bank store credit card only at the specific retailers it's affiliated with. But if your card has a Visa or Mastercard logo and an expiration date, your Synchrony card can be used pretty much anywhere.

What is the old name of Synchrony Bank? ›

*Note: On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank and is part of the GE Capital Retail Finance business.

Synchrony Bank Facing Class Action Lawsuit Over Allegedly Illegal Interest Rates on CareCredit Accounts. August 22, 2024 A class action lawsuit alleges Synchrony Bank has violated state usury law by imposing excessively high interest rates on CareCredit accountholders.

While credit scores are very important, Synchrony Bank credit card approval depends on several other factors as well. For example, applicants need to have enough income to make payments on the card. Synchrony Bank will also look at existing debts when considering your application.

What's the Synchrony Bank credit card credit score requirement? It depends on the credit card you are interested in. Most credit cards offered by Synchrony Bank are designed for people with fair (640 – 699), good (700 – 749) or excellent (750 – 850) credit.

You need a 500 FICO score or higher to be eligible for the Premier Bankcard Mastercard. If your score is lower, you might have a higher chance of acceptance with a secured card. You need a 500 FICO score or higher to be eligible for the Premier Bankcard Mastercard.

The hard inquiry allows First Premier Bank to determine your credit risk and ultimately decide whether you'll be approved for an account. First Premier Bank credit cards require at least bad credit to be approved.