What's the best Synchrony Bank business credit card?

Question

You can check for Synchrony Bank pre-approval online for certain credit cards. Plus, like all major credit card issuers, Synchrony Bank also mails pre-approved offers to certain people who appear to meet the criteria for one of its nearly 100 cards.

Generally, a pre-approval tool allows consumers to gauge the likelihood of getting approved for a credit account before they apply. Pre-approvals use … read full answer soft inquiries of your credit, so it will not affect your credit report. A pre-approved offer does not guarantee you’ll get the card, but it does mean you have a 90% chance of approval, though.

Here is some additional information on checking for Synchrony Bank pre-approval:

Synchrony allows potential applications to check for pre-approval online for certain credit cards. Keep in mind that not all Synchrony Bank cards offer this feature.

Synchrony also pre-screens customers by using data compiled from three credit bureaus: TransUnion, Equifax, and Experian. Plus, it mails prepaid offers to consumers who have at least fair credit (a credit score between 640-699).

To receive a credit card after being pre-approved, you still need to apply. If you received a pre-approved offer, you can mail the application back. You may also apply online or by phone, depending on the card. In the case of a store card, you may also have the option to submit an application in person at the store.

If you receive a pre-approved credit card offer, make sure it is for a card you think would be worthwhile. Be selective and don’t apply in response to every pre-approval you receive. Getting pre-approved for lots of credit cards won’t hurt your credit, but applying for many of them in a short period of time can.

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Answer 1 · 2022-03-25 17:45:11

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Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 03/25/22 This answer was first published on 03/23/21 and it was last updated on 03/25/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The best Synchrony Bank business credit card is the Sam's Club® Business Credit Card because of its awesome rewards rate. Cardholders earn 1 - 5% cash back on every purchase, with a $5,000 limit on how much cash back can be earned each year.

More info about the Sam's Club® Business Credit Card rewards:

Receive $30 statement credit when you open an account and make a $30 purchase within 30 days of account opening. Terms Apply.
Earn 5% back on gas at U.S. and Puerto Rico gas stations and on gas at Sam's Club and Walmart fuel stations (on the first $6,000 per year in purchases, then 1% on purchases after).
Earn 3% back on dining and 1% for all other eligible purchases.
Plus members will earn 3% cash back on all Sam’s Club purchases, plus 2% in cash rewards on eligible in-club purchases.
Maximum of $5,000 in Cash Back rewards can be earned in a calendar year.

In terms of financing, Sam's Club® Business Credit Card comes with a variable APR of 19.4% - 27.4% (V) and a $0 annual fee. And the Sam's Club® Business Credit Card credit score requirement is 700 at a minimum. That means applicants need good credit to get approved for the Sam's Club® Business Credit Card.

While the $0 annual fees are appealing and the Sam's Club® Business Credit Card does offer some great cash back, there are better business credit card options that you can consider.

What's the best Synchrony Bank business credit card?

Bogdan Roberts, Credit Cards Moderator

More info about the Sam's Club® Business Credit Card rewards:

2023's Best Synchrony Bank Credit Cards

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