Synchrony Bank has launched a new credit card with no annual fee which earns a flat 2% cash back on all purchases. Readers Jim and David got a mailer about this card, along with $150 signup bonus offer after spending $1,500 within 90 days. Card also has 0% APR introductory offer.
Direct Link to offer (you need an authorization code to apply, these were sent out to targeted people via mailer)
This card hasn’t yet really hit the internet, only the targeted offer link presented above. We did once before hear of this card back over a year ago when Toys R Us cardholders were product changed to this card when the retailer went out of business. Synchrony also runs a similar card in partnership with Paypal which offers no annual fee and 2% cash back on all purchases. That card has no foreign transaction fee either, while this Synchrony Mastercard does have a foreign transaction fee.
We’ll probably see a more public roll out at some point in the future. For now, it’s invite only as they test out and expand the product, presumably. $150 signup bonus is nice for a 2% card, though it’s entirely possible they’ll drop or lower the bonus if/when rolling out the card publicly.
Related: Best Credit Cards For Every Day Purchases
