You cannot check for Synchrony Bank pre-approval, 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.
Synchrony Bank’s credit card lineup features the PayPal & eBay Mastercards, the Walmart Mastercard, and the Sam’s Club personal and business Visa cards. Synchrony also issues store credit cards for Amazon, Belk, JCPenney 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 (Barclaycard 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 almost exclusively from the credit reporting bureau TransUnion. Synchrony mails prepaid offers to consumers who have at least a Fair credit score (600-699).
- 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.