How to maximize rewards with the Synchrony Premier World Mastercard
With the Synchrony Premier World Mastercard, you receive 2% cash back on every purchase, with no earnings limit. The issuer touts the simplicity of this card’s rewards program, noting that you won’t need to track or join bonus categories or manage spending limits. You can enter your estimated monthly spend into a calculator on the card’s website to see how much cash back you could earn.
Comparisons with other credit cards
Annual subscription : You won’t pay an annual fee with either card.
Awards: The Synchrony Premier World Mastercard earns 2% cash back on every purchase, with no limit on rewards. With the Citi Double Cash Card – 18 Months BT offer, you get 1% cashback when you make a purchase and 1% cashback when you redeem it.
Sign-up bonuses: The Synchrony Premier World Mastercard omits a sign-up bonus, but the Citi Double Cash Card – 18 Months BT offer includes a limited-time bonus. You can earn $200 in cash after spending $1,500 on the card in the first six months.
Advantages: Some benefits of the Synchrony Premier World Mastercard are $0 Identity Theft and Liability Fraud Protection, credits for Lyft ride service, and a DoorDash membership and discount. The Citi Double Cash Card – 18 Months BT offer comes with a 0% APR for 18 months on balance transfers and a variable APR thereafter of 16.24% to 26.24% depending on your creditworthiness. Other card benefits include 24/7 customer service, identity theft and fraud protection, and lost wallet service, which includes emergency money and card replacement.
Annual subscription : Both cards do not charge an annual fee.
Awards: The Synchrony Premier World Mastercard earns 2% cash back on every purchase with no rewards limit. Discover Chrome offers 2% cash back on up to $1,000 in combined gas station and restaurant purchases each quarter and unlimited 1% cash back on all other purchases.
Sign-up bonuses: You will have no chance of winning a bonus with the Synchrony Premier World Mastercard. Discover, however, will match any cash back you’ve earned after your first year with the card.
Advantages: The Synchrony Premier World Mastercard includes $0 Identity Theft and Liability Fraud Protection, ride credits for Lyft, and a DoorDash membership and discount, among other perks. Discover it chrome offers cardholders a 0% APR for 15 months on purchases and a variable APR thereafter of 14.24% to 25.24% depending on your creditworthiness. Other perks are $0 fraud liability, as well as alerts to let you know when new accounts appear on your credit report and when someone pulls your credit.
What are the fees associated with the Synchrony Premier World Mastercard?
- Annual subscription : This card does not charge any annual fee.
- Balance Transfer Fee: You will pay $10 or 4% of the amount of each balance transfer, whichever is greater.
- Cash advance fees: Cardholders pay $10 or 5% of each cash advance amount, whichever is greater.
- Foreign transaction fees: 3% of each transaction.
- Minimum interest charges: If you owe interest, the charge will not be less than $2.
- Late payment: up to $41.
- Payment returned: $30.
Should you get the Synchrony Premier World Mastercard?
- Prefer a simple cash back card with no rotation of bonus categories and different reward rates.
- You do not need a 0% APR on balance transfers or purchases.
- You want a card with no annual fee.