According to MrDisco99 on myFICO there are some significant changes being made to the Synovus Cash Rewards Visa card. For those not familiar Synovus is a financial institution in AL, FL, GA, SC & TN.
Contents
Card Basics
- No annual fee
- No sign up bonus
- Card earns at the following rates:
- 3% cash back on dining with no cap
- 3% cash back on a category of your choice on up to $3,000 in spend per quarter. Categories as follows:
- Business Services
- Entertainment
- Gas
- Grocery
- Healthcare
- Maintenance
- Retail
- Travel
- 1% cash back on all other purchases
- Can redeem for any amount over $25, down to the penny
Our Verdict
3% cash back on restaurant purchases is competitive with the best cards. The 3% category you can choose is also obviously interesting but really depends on the categories you can choose, there are better options out there for gas already. It’s also important to remember that there a number of cards that earn 2%+ cash back on all purchases now so 3% isn’t as attractive as maybe it once was. I think given that there is no sign up bonus this card isn’t worth applying for just yet. If anybody knows anything else about this card, please let us know in the comments below.
