【Updated 2024.6】The cash-back rates on this card are about to change. Dining and takeout will increase to 4% back, up from 3%, and Verizon device and accessory purchases will increase to 4%, up from 2%. Cash back on paying your monthly bill will drop to 1%, down from 2%. These changes will take effect sometime between August and October.
The current welcome bonus on this card is $150, and you only need to make one purchase to earn it, so it is very easy to get.
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Synchrony Verizon Credit Card Review
2% cash back at grocery stores and gas stations! No annual fee!
- Welcome bonus: $150 cash back (make one purchase within 90 days of account opening)
- Rewards: 4x at grocery stores and gas stations; 3x on dining and takeout; 2x on Verizon purchases; 1x on all other purchases
- Redemption: 1:1 redemption on Verizon, can be used toward your phone bill
- Annual fee: $0
- Apply now>>
Benefits
- 2 Travel Passes per year: When traveling abroad, you can use Verizon’s Travel Pass international service, and each pass gives you one free day of service.
- Verizon Auto Pay discount: This card can be used as an Auto Pay payment method for Verizon, giving you an extra $5 or $10 discount each month. (Without this card, you would need to use a checking account or debit card to get the discount.) That is roughly equivalent to earning an extra 2% back.
My Take
If you are a Verizon user and plan to stay with Verizon long term, this card is actually pretty solid. It earns 4% cash back on gas and groceries, plus 3% on dining, so it covers most everyday spending well.
Application
This card is only available to people with a Verizon Wireless account. (FIOS accounts are not eligible.) If you are an account manager, your account cannot have more than 10 lines under it.
- Approval difficulty: Synchrony is not very sensitive to Hard Pulls, but it is more sensitive to too many new accounts. It generally pulls TransUnion.