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Does Synchrony Bank have an ATM?
Feb 26, 2024 · Advertiser disclosure. What Is Synchrony Bank, and Are Its Credit Cards Right for You? The issuer has a few standout cards in its portfolio. But customer satisfaction isn't Synchrony's strong...
- What/Who Is Synchrony Bank?
- Synchrony Offers Both Store Cards and Credit Cards
- The Best Cards Offered by Synchrony Bank
- Synchrony Also Offers Multi-Store Category Cards
- Getting Approved For A Card from Synchrony Bank
- Alternatives to Synchrony Cards
- Some Final Words on Synchrony Bank
Synchrony Bank is a bank insured by the Federal Deposit Insurance Corporation (FDIC) and based out of Utah. Synchrony has been a leader in consumer financial services for more than 85 years and provides a variety of financing options for many well-known brands across the country, including companies such as Amazon, Walmart, and eBay. Synchrony offe...
Synchrony has partnered with over 100 different brands to provide credit cards and store cards to customers across the country. Store cards, also referred to by Synchrony as “private label credit cards,” are intended for use only at specific stores. While Synchrony is the bank that’s extending the credit to the customer, the store name is what’s br...
Amazon Prime Store Card
If you’re an eligible Amazon Prime member, the Amazon Prime Store Card offers 5% back on purchases at Amazon.com, as well as a variety of special financing offers and no annual fee. You can choose between paying for your purchase with 6, 12, or 24 equal monthly payments at 0% APR. Or you can opt for special financing, where you’ll pay no interest if the purchase paid off within 6, 12, or 24 months. How many equal payments and how long the promotional period is depends on the price of your pur...
Sam’s Club Mastercard
In order to apply for the Sam’s Club Mastercard, you must be a Sam’s Club member; annual memberships currently cost $45 for Select Club and $100 for Select Plus. New cardmembers can get a $45 statement credit when a new account is opened, but you have to spend $45 online the same day you open the account to get it. Sam’s Club Mastercard cardholders can earn 5% cash back on the first $6,000 spent on gas purchases, then 1% after that. They’ll also earn 3% cash back on dining and travel. For eve...
Lowe’s Advantage Card
If you frequently shop at Lowe’s, the Lowe’s credit cardmight actually give you an advantage. You can get 5% off your eligible purchase or order when it’s charged to your Lowe’s account and six months special financing on purchases of $299 or more. If you’ve got a big project coming up where you’ll be spending $2,000 or more, you can enjoy up to 84 months of fixed monthly payments with reduced APR financing until the balance is paid in full. While some other credit cards may offer 5% cash bac...
Aside from the many retail-specific cards Synchrony provides, it also offers category-specific credit cards, which broaden the locations where your card is accepted.
With any credit card, the higher your credit score, the better your chances for approval — and Synchrony Bank cards are no different. But generally speaking, the minimum credit score for Synchrony’s store cards is going to be lower than what’s needed for its Dual Cards. That being said, the credit score required will vary from store to store, so it...
Synchrony Bank credit cards probably aren’t going to provide you with the best terms and rewards when compared to other credit cards, but they can come in handy. In fact, since they generally have lower credit score requirements, a store card might be a good option as a first credit card if you’re looking to build your credit history. With such hig...
One final thing to be aware of is that Synchrony has had some issues with marketing and service in the past. In 2014, the Consumer Financial Protection Bureauordered Synchrony Bank to provide nearly $225 million in relief to consumers affected by “illegal and discriminatory credit card practices.” Aside from employing deceptive marketing practices,...
Jan 18, 2023 · Synchrony Bank is an excellent online bank for people looking to save with simple savings account selection. Best for. High-interest savings accounts. Fee-free banking. Strong mobile experience. Overall Rating 4. |. The Penny Hoarder Overall Rating. Checking. Savings. Fees. Customer experience. OPEN AN ACCOUNT. by Dave Schafer. Contributor.
- Contributor
- Is it Hard to Get Approved by Synchrony Bank?It’s not especially difficult to get approved for credit with Synchrony Bank. The store cards tend to only require a fair credit score, and are gen...
- Who is Synchrony Bank Owned By?Synchrony was originally owned by GE Capital Retail Bank, and as such fell under the GE umbrella. However, a few years ago, Synchrony Bank was move...
- Is Synchrony Bank Any Good?However, if an online bank with a powerful savings account is what you’re after, Synchrony is fantastic. It has several excellent savings account o...
- Is Synchrony a Safe Bank?Synchrony is as safe as any other bank. Synchrony is a member of the FDIC, so all of the deposit accounts are FDIC insured for up to $250,0000 per...
- Does Synchrony Bank Offer a Checking Account?Not at this time, no. The closest you can get at the moment is the Money Market account, which offers check-writing capability and a competitive in...
- Does Synchrony Bank Charge Any Fees?No, Synchrony Bank doesn’t charge fees for any of its savings accounts or Money Market accounts. It even reimburses ATM fees from other financial i...
Apr 4, 2024 · Synchrony is a digital bank that offers competitive rates on savings and CDs, plus three credit cards and a money market account, which may serve you well if you want a little...
- Who is Synchrony best for?Synchrony is best if you want an online bank for high-yield savings and you don’t mind making six or less transactions a month.
- Is Synchrony a safe bank?Synchrony is FDIC insured, which means your money (up to the $250,000 limit per depositor, per ownership type) is guaranteed.
- Is Synchrony Bank FDIC insured?Yes, Synchrony is insured by the Federal Deposit Insurance Corp. (FDIC).
- Is Synchrony Bank in trouble?The last time Synchrony Bank faced enforcement issues by the Consumer Financial Protection Bureau was back in 2014 when it was still called GE Capi...
Nov 2, 2017 · Overall. 7.0/10. Strengths. Competitive interest rates. No minimum balance. No ATM fees in-network, $5 monthly rebate out-of-network. Weaknesses. Online bank only, no branches. Learn more. If you've never heard of Synchrony Bank, but seen it advertised everywhere online, you wouldn't be alone.
Mar 19, 2024 · Pros. No minimum balance on savings or money market accounts. No monthly service fees. Competitive interest rates on savings and CDs. Interest compounded daily. $5 monthly reimbursement for ATM...
