Synchrony Credit Card Review

Credit Cards are cards offered by financial institutions to the people with the help of which they can purchase items or pay for the services on credit with the promise to pay back the amount in a specified period of time along with additional charges as agreed between them and the creditor. These cards are highly useful for the consumers as they can purchase anything without having to deal with cash as well as without holding any deposit in their bank accounts. However, they have to pay back the amount after paying a certain amount of interest, which may apply, on the pending amount.

Synchrony Financial is a financial services provider, which offers a wide range of products to consumers. The Synchrony Credit Card is offered by the corporation, which is one of the main products of the company. Synchrony Credit Card is known to be one of the best credit cards in the world with the help of which, the consumers can purchase products from retail stores or online on credit basis. There are terms and conditions, which may apply while using the credit card of Synchrony Financial. Similarly, the users can avail a number of benefits when they choose to make payments with the help of the credit card of Synchrony Financial. In this article, we will discuss in detail the terms & conditions and the benefits of the Synchrony Financial Credit Card. However, first, we will discuss the Synchrony Financial in detail in order to inform our readers about the standing of the company in the world.

Synchrony Credit Card

Some of the prominent features and history details of Synchrony Financial are as follows:

  1. It is a financial services provider in the United States of America and all over the world. It was founded in 2003 having a life of almost 15 years even though the roots of the company lead back to the time of 1932 when the initial planning of the launch of the company was carried out. The first branch of the company was founded in the state of Connecticut, USA.
  2. It has been listed as a financial services provider in its listing services.
  3. Some of the popular products offered by the corporation are Credit Cards and Payments Solutions to the people in the United States of America and all over the world. The credit card business of the company is its top business and the private label credit cards of the company are most popular in the United States of America. The private label credit cards of the company comprised of more than 42% of the total market shared in the United States.
  4. Synchrony Corporation offers the world’s top credit card for the world’s top retailers and business in order to assist their customers in buying the products. Some of the popular credit cards offered by Synchrony Bank are Home Stores, Lowe’s, Guitar Center, Discount Tire, J.C. Penney, Walmart, Gap, BP, Ashley, Amazon, Cathay Pacific, OneTravel, CheapOair, and P. C. Richard & Son.
  5. The company also provides a CareCredit Card, which is used by the people in the field of health industry such as veterinary, cosmetic, dental and others. This is highly useful for people as with this card, they are able to get useful discounts and services.
  6. Synchrony Financial Corporation is a public company. It is also a wholly owned subsidiary in the United States of America, which owns the Synchrony bank. It was previously known as the GE Capital Retail bank but in the year 2014, the name of the bank was changed to the Synchrony Bank. Today, the credit cards of the company are offered under the name of Synchrony bank. The parent company runs various subsidiaries and chains in different parts of the United States and the world.
  7. Synchrony Financial Corporation has its headquarter located in the State of Connecticut of the United States of America while there are a number of branches of the company spread all over the country. The Financial services provider company operates hundreds of bank branches in different locations in the United States and all over the world from where it is providing payments solution and credit card services as listed above.
  8. The Financial Services provider Company trades on the New York Stock Exchange under the trading symbol of ‘SYF’ while it is also a part of the major indexes in the country such as the S&P 500 index.
  9. The current president and the CEO of Synchrony Financial are Margaret Keane.
  10. Synchrony Financial Corporation is one of the major revenue generating company in the United States as the revenue of the company in the year 2016 was $13.530 Billion while the net income was $2.251 Billion. The total assets owned by the company are worth $90.207 Billion.
  11. Synchrony Financial Corporation is one of the biggest employers in the world with 15, 000 employees currently working for the company at its different locations all over the world.
  12. The company also has one of the biggest customer bases all over the world. There are hundreds and thousands of customers’ in the country and all over the world are getting benefits of the services offered by the branches of the synchrony bank.
  13. The company also maintains a healthy online presence, which serves as the go-to news update forum of the company. The Online Website of the company is {synchronyfinancial.com}

Synchrony Credit Card

Synchrony Credit Cards allow the users to purchase products and services that they need on credit basis and pay the outstanding amount on the conclusion of the month. The credit cards powered by the Synchrony Bank are of high value and significance all over the world as using these cards you can get special benefits as well. This is why the Synchrony Bank is one of the top credit card services providers in the United States of America. There are different kinds of credit cards issued by the Synchrony Credit Card, which appeal to the people of the different sector in society. Some of the types of credit cards issued by the Synchrony Bank are as follows:

  1. Home Credit Card: This is a standard card which can be used anywhere in the United States of America by the users. The account holders and bank users in the country are eligible to apply for this card and make purchases in the country. The users have to pay the outstanding amount to the bank at the end of the month along with interest and other charges, which may be applicable. A huge number of users are today holder of the credit card issued by Synchrony Bank. We will discuss in detail the terms and conditions which may apply on the use of the Synchrony Credit Card later in this article.

 

  1. Retail Credit Card: This is a store-specific credit card which can be used anywhere in the United States of America by the users. The users of the particular store and bank users in the country are eligible to apply for this card and make purchases in the store. The users have to pay the outstanding amount to the bank at the end of the month along with interest and other charges, which may be applicable. A huge number of users are today holder of the credit cards of various stores issued by Synchrony Bank. We will discuss in detail the terms and conditions which may apply on the use of the Synchrony Retail Credit Card later in this article. Some of the popular retail credit cards of Synchrony Bank are as follows:
  • Lowe’s: It is one of the major retail stores in the world offering a wide range of products. The Lowe’s credit card is powered by Synchrony Bank and hence it is a Synchrony Credit Card.
  • Guitar Center: It is the world’s largest retail stores in the world providing a wide range of musical products to the consumers. The store also offers a credit card using which the consumers can make purchases in the stores of the retail store. The credit card of the Guitar Center is powered by Synchrony Bank.
  • Discount Tire: It is one of the biggest stores in the world offering tires and automobile related products. The credit card of Discount Tire is powered by Synchrony Bank and hence it is a Synchrony Credit Card.
  • C. Penney: JC Penny is one of the oldest and most prominent retail store chains in the United States and certain other parts of the world. The store provides a credit card to its customers, which is usable in the stores of JC Penny. Using this credit card, users can also get discounts on certain products.
  • Walmart: Walmart is a popular retail stores’ chain in the world offering a wide range of products. It is also the biggest retail services provider in the world. The Walmart credit card is powered by Synchrony Bank and hence it is a Synchrony Credit Card.
  • Gap: It is a retail store specializing in providing fashion products for women, men, and children. The retail store also offers a credit card with the help of which you can get the products on credit while making payments at the end of the month. The credit card of the retail store is powered by Synchrony Bank.
  • BP: It is one of the major retail stores in the world offering a wide range of products. The BP credit card is powered by Synchrony Bank and hence it is a Synchrony Credit Card.
  • Ashley: Ashley is a furniture retail store chain in the world operating more than 800 branches. The company provides high-quality furniture products to the customers. It also offers a credit card using which the customers can buy products on credit basis.
  • Amazon: It is the world’s biggest e-commerce retail store in the world offering a wide range of products to customers all over the world. The Amazon Credit Card is powered by Synchrony Bank.
  • Cathay Pacific: Cathy Pacific is one of the major retail stores in the World offers a wide range of products. Its credit card is powered by Synchrony Bank and hence it is a Synchrony Credit Card.
  • OneTravel: One Travel is a popular travel services provider company offering a wide range of services to travelers. The OneTravel credit card is powered by Synchrony Bank and hence it is a Synchrony Credit Card.
  • CheapOair: CheapOair is an online ticket seller company in the world provider’s tickets from major brands. The users can purchase the products of the company using the credit cards of CheapOair, which is powered by the Synchrony Bank.
  • C. Richard & Son: It is one of the major retail stores in the company offering a wide range of products. The P. C. Richard & Sons credit card is powered by Synchrony Bank and hence it is a Synchrony Credit Card.

Some of the top benefits, which can be availed using the Credit Card of Synchrony?

  1. Product Financing Services: With the help of the credit card of Synchrony, the consumers can get financing on a product for a period of 6 to 60 months. This means that the users can get a product on installments and pay for it over the course of 6 to 60 months depending on the plan that they can afford. In this way, they can purchase a product without having to pay for it all at once. Some internet rate may apply depending upon the plan of financing that you have chosen.

 

  1. Discounts: Some of the highly lucrative discounts are available for the users of the Synchrony Credit Card on the purchase of stuff from the stores of the retailers whose credit cards are powdered by Synchrony. There is a FICO score provision where the points keep on adding as you purchase the stuff from the store. You can use these points for making a purchase or getting a discount from the associated stores of Synchrony credit card providers.
  2. No Annual Fee: Synchrony Home Credit Card is highly lucrative to the users as they can get the credit card and do not need to pay an annual fee. Most of the Credit Cards in the world require some annual fee to be paid for using the credit card. The annual fee has to be paid no matter if you use the card or not. The annual fee run in several dollars which is usually a huge amount for certain users. However, in case of Synchrony Credit Cards, no annual fee needs to be paid which saves quite a few dollars for the users. No annual fee or any other additional charges if the dues of the credit card are paid well in time.
  3. Foreign Transaction Fee: When the users travel around the world and try to make a purchase with the help of the credit card that they are using, high foreign transaction fees are applicable. These foreign transaction fees are usually high which scar the usability of the card outside the country. However, in the case of the Synchrony Credit Card, only a limited foreign transaction fee has to be paid. This is one of the lowest fee applicable among various credit cards.
  4. Fraud Liability: The users can access $0 fraud liability, which is one of the top benefits of the credit card of Synchrony.
  5. Simple Application and Account Access: Clarity is one of the best services that a bank can offer you. When you get the credit card of Synchrony, you also get an online account using which you can keep track of your spending through the credit card. Similarly, the process of applying for the credit card is simple and user-friendly. You will also get the statement for your spending using the credit card of the company.

 

  1. Cash Access: The Company gives extraordinary access to cash advance to the users when they open an account for the credit card of the store. Some interest rate may apply when you are capable of paying back the amount taken earlier.
  2. Low Introductory APR: The store offers low introductory APR to the users in order to provide more lucrative offers to them. The APR of the store is usually in the range of 29% but for the users who are in the early months of using the credit card can get an APR rate less than the one mentioned above.
  3. Additional Services: There are a number of other services and protections that are offered to the users of the Synchrony Credit Card. Some of the additional services are the insurance claims for a number of products.
  4. Customer Service: The customer services offered by Synchrony Bank is one of the best among the entire credit card services provider. The customer services are offered 24/7 and the users can ask Solutions to their issues at any time. The customer service has been best rated by the users as judged by the reviews on the internet.

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