Synchrony Bank uses four major credit bureaus (TransUnion, Equifax, Experian and Innovis) in order to assess your creditworthiness. Credit reports, however, don’t differ that much from bureau to bureau as they all get their data from data furnishers who supply nearly all of their trade lines to each of the largest bureaus. So there’s a huge overlap between the contents of each your major credit reports. If you’d like to know where you stand, you can get your full report and score for free, right here on WalletHub.
Yes, Synchrony Bank, like any other issuer for that matter, will do a hard pull when you apply for a credit card. Most Synchrony Bank credit cards require fair credit to apply, but the credit score effects should be negligible.
More specifically, a hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can learn more about how to minimize the credit score damage … read full answerhere.
Only pre-approved offers from credit card companies don't do a hard pull. But none of the cards Synchrony currently offers have pre-approval. And even if you were pre approved, you'd still have to actually apply and have a hard pull anyway.
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