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 15.90% - 23.90% (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.
You cannot check for Synchrony Bank pre-approval; it’s not possible to see which of its credit cards you have a good shot at getting before you submit an application. But like all major credit card issuers, Synchrony Bank mails pre-approved offers to certain people who appear to meet the criteria for one of its nearly 100 cards. … read full answer
Synchrony Bank’s credit card lineup features the PayPal Credit Card and the Ebay Credit Card. Synchrony also issues store credit cards for Amazon, Belk, JCPenney, Sam’s Club and Lowe’s, among many others.
Pre-approvals allow consumers to gauge the likelihood of getting approved for a credit account before they apply. Pre-approvals use soft inquiries of your credit, meaning it will not have an impact on your credit report.
A pre-approved offer does not guarantee you’ll be approved for a credit card. It does mean you have a good chance of approval, around 90%. Before you apply, you should have a good idea of how Synchrony Bank’s pre-approval process works.
Here is some additional information on checking for Synchrony Bank pre-approval:
Synchrony is one of three major issuers that does not permit consumers to check its website for pre-approved credit card offers (Barclays and PNC are the others). Major issuers from American Express to Wells Fargo allow anyone to check for pre-approval. USAA and U.S. Bank only extend this benefit to members and current customers.
Synchrony “pre-screens” customers by using data compiled from three credit bureaus: TransUnion, Equifax and Experian. Synchrony mails prepaid offers to consumers who have at least a fair credit score (640-699).
To receive a credit card through a pre-approved offer, you still need to apply. You can mail the application back or you can apply online or by phone. In the case of a store card, you can apply 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.
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. Please find a list of cards offered by Synchrony Bank here: https://wallethub.com/credit-cards/synchrony-13003490i.
On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank. Synchrony Financial is the parent company of Synchrony Bank. Synchrony Financial has more than 80 years experience in the financial sector and it’s one of the largest provider of private label credit cards in the United States. The company works with a large number of retailers to support their credit card programs.… read full answer
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