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With a focus on co-branded store credit cards, Synchrony Bank provides a selection of choices for customers wishing to make purchases, accrue rewards, and establish credit.
Many Synchrony Bank credit cards are attractive to borrowers trying to establish credit because store credit cards typically have lower qualifying requirements than general purpose cards. Nevertheless, store cards typically have disadvantages like low credit limits, high annual percentage rates, restrictions on where you can use them, and limitations on how you can redeem rewards.
And Synchrony specifically tends to earn poor ratings from cardholders. For instance, in a 2022 J. D. Synchrony came in second to last in the Power customer satisfaction survey, which featured about a dozen of the biggest credit card issuers.
Nevertheless, Synchrony Bank has a wide range of credit cards in its portfolio, some of which are better and more helpful than others due to its partnerships with numerous retailers. Let’s take a look at a few of the most popular cards from Synchrony’s credit card portfolio.
Getting approved for a Synchrony Bank credit card depends on a few factors, including your credit score, income, and existing debt. However, it’s generally considered easier to get approved for a Synchrony card than for cards from other major issuers. This is because Synchrony specializes in store cards and cards for people with less-than-perfect credit.
Here’s a breakdown of the credit requirements for some popular Synchrony Bank credit cards:
- Lowe’s Store Card: Fair credit or better (640+)
- Amazon Store Card: Fair credit or better (640+)
- JCPenney Credit Card: Fair credit or better (640+)
- Sam’s Club® Credit Card: Good credit or better (700+)
- Venmo Credit Card: Good credit or better (700+)
Even if your credit score is below the minimum requirement for a particular card, you may still be approved if you have a strong income and low debt-to-income ratio. Synchrony also considers other factors, such as your employment history and the length of your credit history.
Here are some tips for increasing your chances of getting approved for a Synchrony Bank credit card:
- Check your credit score. Before you apply, check your credit score to see where you stand. You can get a free credit report and score from several websites, including Credit Karma and Annual Credit Report.
- Pay down your debt. The lower your debt-to-income ratio, the better your chances of getting approved. Try to pay down your credit card balances and other debts before you apply for a new card.
- Apply for a card with a low credit limit. If you have a limited credit history or a low credit score, you may want to apply for a card with a low credit limit. This will make it easier to get approved and will help you build your credit history.
- Be honest on your application. When you fill out your credit card application, be honest about your income, employment, and debt. This will help Synchrony make an informed decision about your application.
If you’re looking for a credit card that’s easy to get approved for, Synchrony Bank is a good option to consider. However, it’s important to compare different cards and choose one that fits your needs and budget.
MyLowe’s Rewards Credit Card
DIY enthusiasts may find themselves drawn to the MyLowe%E2%80%99s Rewards Credit Card for one primary reason: cardholders receive a 5% discount on purchases made when they pay with their card in full at the time of checkout. The card also features deferred interest on eligible purchases, but note that these two offers can’t be combined.
Either benefit could help you finance expensive home improvements or repairs.
Venmo Credit Card
Holders of the Venmo Credit Card can earn excellent reward rates with very little effort. Using a list of eight categories, the card automatically gives you a 3% refund on your highest spending category for the month and a 2% refund on the next highest spending area (from one of the remaining seven eligible categories). Youll get 1% back on all other purchases. This feature allows for a customized yet seamless experience.
Youll need to use the card in tandem with the Venmo app, though. So as with the PayPal Cashback Mastercard®, youll need to have a Venmo account first.
$10,000 SYNCHRONY CREDIT CARD | SOFT PULL | EASY APPROVAL
FAQ
Is Synchrony Bank hard to get?
What credit score is needed for Synchrony Bank?
Does Synchrony Bank have pre approval?
Does Synchrony approve bad credit?
Does Synchrony Bank offer a store credit card?
Synchrony Bank specializes in co-branded store credit cards, offering a range of options for consumers looking to make purchases, earn rewards and build their credit. Because store credit cards tend to have lower qualification standards than general purpose cards, many Synchrony Bank credit cards are appealing to borrowers looking to build credit.
What is the best Synchrony Bank credit card?
The best Synchrony Bank credit cards provide valuable rewards to use with the likes of Amazon, Lowe’s and Sam’s Club. Options are available for people with good, fair, or even bad credit. WalletHub’s Take: The Lowe’s Credit Card is one of the best store credit cards on the market right now.
Does synchrony issue credit cards?
Synchrony is a consumer financial services company that provides over 120 credit cards and store branded cards. What kinds of credit cards does Synchrony issue? Like Comenity Bank, Synchrony issues many store cards and store credit cards. Additionally, they also issue the Cathay Pacific Visa which earns Asia Miles directly.
Is Synchrony Bank a closed-loop credit card?
For instance, some Synchrony Bank credit cards are considered closed-loop credit cards, which means they can only be used at specific retailers. If you’re looking for a card that you can use anywhere, then a closed-loop card probably isn’t for you. Store cards typically carry higher APRs than other cards, as well.