Apply for the Synchrony HOME Credit Card (2024)

FAQs

Is it hard to get approved for Synchrony? ›

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.

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.

Generally, a credit score of at least 600 is required to be considered for a Synchrony credit card or store card. However, certain cards may require a higher credit score, typically around 660 or higher.

Yes, Synchrony Bank does a hard inquiry on your credit report whenever you apply for one of its credit cards. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time.

By providing your social security number, Synchrony will attempt to find your information to expedite your request. You consent to Synchrony Bank sending you a one-time text to the mobile phone number you have provided. Standard text messaging rates may apply.

Synchrony. Synchrony Bank will usually pull your Transunion credit report. See real-time data in our Credit Card Database.

There's no limit on how many Synchrony credit cards you can have. The exact number will be based on factors such as your existing debt obligations and income. If the issuer considers you won't be able to repay what you owe, it won't approve you for a new account.

31, 2023, Synchrony Bank had $106.6 billion in assets. More about Synchrony: Synchrony Bank is owned by Synchrony Financial, a Stamford, Connecticut-based consumer financial services company.

What lenders use Synchrony Bank? ›

Synchrony Bank never closes, so we're always available to help.

Synchrony Bank, an issuer of retail credit cards, has agreed to pay $2.6 million to settle a lawsuit alleging that the company made prerecorded calls to consumers' cell phones without their consent, regarding accounts they did not have. You may be eligible for payment if you received such a call since Oct. 16, 2020.

Synchrony is the largest provider of private-label credit cards in the U.S. Brands partnered with Synchrony include Amazon, Lowe's, Guitar Center, Cathay Pacific, Rakuten, Verizon, Sleep Number, Walgreens, and Sam's Club.

What Are the Disadvantages of Synchrony Bank? Synchrony Bank has no physical locations for in-person banking. The online bank has no checking account. Synchrony customers can manage their accounts and get support 24/7 through its mobile app and automated phone service, but it offers limited live customer support.

The biggest disadvantage of the Synchrony Premier World Mastercard® is that it is only available to people with excellent credit, which means the average person may struggle to qualify. You will need a credit score of 750+ to have a good shot at approval.

If you're applying with Synchrony, the minimum credit score is 640–699.

Synchrony traces its roots to 1932. GE Capital Retail Bank was started during the Great Depression, providing customers with a line of credit to purchase GE appliances. The lending arm remained GE Capital Retail Bank until it was spun off from its parent company in June 2014.