Yes, Synchrony Bank issues various credit cards.
Synchrony Bank is a prominent consumer financial services company that offers a wide range of financial products, including both store-branded credit cards and general-purpose credit cards.
Understanding Synchrony Credit Cards
Synchrony Bank partners with many retailers to provide private label credit cards, which can often only be used at those specific stores. However, they also issue general-purpose credit cards that carry the Visa or Mastercard logo, allowing them to be used wherever those card networks are accepted worldwide.
Example: Synchrony Premier World Mastercard
A clear example of a general-purpose Synchrony card functioning as a credit card is the Synchrony Premier World Mastercard. This card is structured as a cash back credit card, providing rewards for everyday purchases.
Here's a breakdown of some of its key features:
| Feature | Detail |
|---|---|
| Card Type | Cash Back Credit Card |
| Cash Back Rate | Earns 2% cash back on every purchase |
| Reward Structure | No specific bonus categories, spending tiers, or limits on the amount of cash back that can be earned |
| Annual Fee | $0 (No annual fee) |
| Foreign Transaction Fee | 3% of the transaction amount |
This illustrates how Synchrony Bank actively participates in the credit card market, offering products that provide revolving credit lines and rewards to consumers.
