Is it hard to get the Synchrony Premier Card (2024)

FAQs

Is it hard to get the Synchrony Premier Card? ›

Yes, it is hard to get the Synchrony Premier World Mastercard® because it requires excellent credit for approval. Unless your credit score is 750 and you have a lot of income, it will be difficult for you to get approved for the Synchrony Premier Card.

750+ credit score needed

You need excellent credit to get the Synchrony Premier.

The First PREMIER Bank credit score requirement is 500 for all cards, which means that people with bad credit or better have high approval odds. If your credit score is below the threshold needed for a credit card from First PREMIER Bank, it's best to wait to apply until you meet the credit score requirement.

The Synchrony Premier World Mastercard®, which offers 2% cash back on every purchase to individuals with excellent credit (FICO scores of 720 or higher). The Synchrony Plus World Mastercard, which is designed for those with at least good credit (scores of 690 or higher) and earns 1% cash back on every purchase.

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.

While credit scores are very important, Synchrony Bank credit card approval depends on several other factors as well. For example, applicants need to have enough income to make payments on the card. Synchrony Bank will also look at existing debts when considering your application.

only a small number of certain credit card issuers will allow for a single Hard Pull to be used for multiple products or cards, Synchrony is not one of them. If you apply for a different credit card with Synch or anybody else, you will get a second hard pull which will impact your credit score.

You don't need good credit to apply. We help people with bad credit, every day. Just complete the short application and receive a response in 60 seconds. You can build or rebuild your credit: apply for a PREMIER Bankcard credit card, keep your balance low, and pay all your monthly bills on time.

What is the credit limit for my PREMIER Bankcard Secured Credit Card? Your credit limit starts at $200, and you will have the opportunity after the account is opened to build your credit limit up to $5,000 by adding funds to your security deposit.

Chip Lupo, Credit Card Writer

Yes, First Premier Bank does a hard inquiry on your credit report whenever you apply for one of its credit cards.

What bank does Synchrony pull from? ›

Synchrony Bank uses all three major credit bureaus (TransUnion, Equifax and Experian) in order to assess your creditworthiness.

For instance, Synchrony Bank uses the VantageScore 4.0 scoring model when evaluating credit card applications.

What Are the Disadvantages of Synchrony Bank? Synchrony Bank has no physical locations for in-person banking. The online bank has no checking account. Synchrony customers can manage their accounts and get support 24/7 through its mobile app and automated phone service, but it offers limited live customer support.

More about Synchrony: Synchrony Bank is owned by Synchrony Financial, a Stamford, Connecticut-based consumer financial services company.

Synchrony Bank recently allowed class-action lawsuits by consumers to progress after accepting to take responsibility for long-standing complaints raised against them. Synchrony Bank's class-action lawsuit allows consumers to be paid what they are owed for the suffering and damages they incurred as their customers.

Yes, Synchrony Bank is a reputable bank with a long history. It offers a competitive APY on its savings account, and its deposit accounts are FDIC-insured.

Suggested credit score

A FICO® Score of 670 or higher is recommended to apply for the Citi Strata Premier℠ Card. Citi is selective with the applicants it approves, and it usually takes good credit or excellent credit to qualify. A credit score of 700 or higher will make an approval even more likely.

PREMIER Bankcard® Mastercard® Credit Card

PREMIER Bankcard credit cards are for building credit. Start building credit by keeping your balance low and paying all your bills on time each month. We'll provide you a manageable credit limit and manageable payments meant to help you stick to your budget.

Flexible Ways to Apply

Click Prequalify to find out if you qualify for credit. There is no impact to your credit bureau score. Get a decision in seconds. If you prequalify, then apply.