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Synchrony Sam's Club Credit Card Overview
Synchrony Sam's Club Credit Card
5% on gas, 3% on dining and Sam's Club; no annual fee!
- Welcome bonus: $30 (Spend $30+ at samsclub within 30 days of card opening)
- Rewards: 5% on gas (on the first $6,000); 3% on dining and takeout; up to 3% at Sam's Club; 1% on all other purchases
- Redemption: Redeem for Sam's Club purchases
- Annual fee: $0
- Apply now>>
Benefits
- Free cash withdrawal: You can get up to $100 cash per day at the Sam's Club checkout counter, and it does not count as a cash advance; it counts as a purchase
Downsides
- You need to be a Sam's Club Plus member to get 3% on dining and Sam's Club purchases; otherwise it is 1%
- Synchrony's service still isn't as good as that of several major banks, and strange things happen fairly often..
- This card can earn up to $5,000 in cash back per year, and last year's cash back can only be redeemed in February of the following year. The cash back will be automatically deposited into your Sam's Club account and can only be used at Sam's Club
My Thoughts
If you have a Sam's Club membership, carrying this card is still pretty convenient. After all, gas, dining, and travel are all pretty good categories. But the cash back can only be redeemed in the second year and can only be used at Sam's Club, which is really kind of annoying.
As for Sam's Club membership, there are often deals that make it cheaper to get.
Application
- Application difficulty: Synchrony is not very sensitive to hard pulls, but it is relatively sensitive to new accounts; it generally pulls TransUnion
- Notes: Depending on your situation, Synchrony may issue one of two versions of this card: one version earns 5%/3%/1% cash back, while the lower-tier version has no cash back at all. Be careful.