Synchrony Premier World Mastercard Overview
The Synchrony Premier World Mastercard® Credit Card is a solid no annual fee credit card that earns unlimited 2% cash back on all purchases. With automatic rewards and no category changes, it may be the simplest cash back card available. Points are automatically applied as statement credits at a fixed conversion rate of 1 cent per point. Card Rating*: ⭐⭐⭐
*Card Ranking Based on the opinions of TPG editors and not influenced by card issuers.
There are a lot of cash-back credit cards on the market today, and almost all of them have some hurdles to overcome. Whether it’s changing the merchants you can earn rewards at or specific requirements to actually redeem them, getting the most out of these cards can sometimes require a lot of work.
But many consumers want an easier way to earn rewards when using their credit cards — without having to worry about keeping track of rewards categories or even remembering to redeem what they’ve earned. Synchrony Premier World MasterCard Credit Card is a great choice for those looking for simplicity. It earns 2% cash back on all purchases, has no annual fee, and offers automatic redemption.
Most approved candidates have credit score of 690 or higher. Continue reading to learn more about whether Synchrony Premier World MasterCard Credit Card deserves a place in your wallet.
Pros and Cons of Synchrony Premier
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Synchrony Premier Welcome Offer
The Synchrony Premier Mastercard does not offer any welcome offers.
Meanwhile, there are other cash-back credit cards with no annual fee that extend welcome offers, such as Chase Freedom Flex®.
Related: Best No Annual Fee Cards
Benefits of Synchrony Premier
The Premier Sync Does not offer benefits like statement credits or protection on purchases or travel.
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However, as part of the Mastercard network, Synchrony Premier World MasterCard Credit Card comes with additional benefits at companies like DoorDash, Lyft, and ShopRunner. You’ll also unlock select travel perks to make your next trip more enjoyable.
As a cardholder, you’ll enjoy discounts on hotels, rental cars, and even flights through Mastercard Travel and Lifestyle Services. Plus, you’ll have access to Mastercard’s World Luxury Hotel and Resort portfolio, which includes more than 3,000 luxury properties. Here, you’ll enjoy perks like complimentary breakfast, on-site credit, and more.
Related: 10 Most Valuable Benefits of the World Mastercard
Earn Cashback on Synchrony Premier
The card has a simple but generous rewards structure: Every time you swipe (or tap) your card, you earn an unlimited 2% cash back. You can use the card for any expense—including groceries, gas, dining, and travel—and always earn 2% cash back.
Unlike some other cash back cards, Synchrony Premier World MasterCard Credit Card There are no rotating or quarterly spending categories to keep track of. You can spend knowing that you’ll earn 2% back on every purchase, no matter the time of year or where you shop.
And since there’s no annual fee, you don’t have to pay any upfront costs to open the card and start using it — you’ll start earning cash back immediately.
The downside to a flat cash back rate is that if your monthly expenses in one category are quite large compared to others, you’re likely to miss out on the additional rewards you’d get if you used a cash back credit card with bonus categories like Chase Freedom Unlimited®Personally, travel and dining are the two categories I spend the most money on each month and I wanted the opportunity to earn more cash back on these expenses.
Related: How to choose a cash back credit card
Redeem Cash Back on Synchrony Premier
With other cards, you may have to earn a certain amount of rewards before you can redeem cash back, or you may only be able to redeem rewards for specific spending categories. And even cards that don’t impose these restrictions often require you to initiate the redemption yourself. Some cards even have expiration dates on their rewards.
Not Synchrony Premier World MasterCard Credit Card.
As a cardholder, the cash back is automatically applied as a monthly statement credit. There’s nothing you need to do, no buttons to click. It happens automatically, removing one more barrier that can prevent you from enjoying the rewards you’ve earned.
However, automatic cash back redemption is not possible for many people. Earning cash back can be a kind of savings account for cardholders who save their rewards to cover specific expenses. Additionally, by automatically applying cash back, there is no way to maximize the redemption value. For example, some issuers allow cash back to be converted into gift cards, and they run promotions like sometimes adding a bonus for redeeming gift cards.
Credit Card Editor Emily Thompson She doesn’t like the automatic redemption because she likes to save her cash and cash it out to pay for travel or Christmas gifts at the end of the year.
Related: 5 Reasons to Keep a Cash Back Credit Card in Your Wallet
What cards can compete with Synchrony Premier?
There are other cash back credit cards on the market that offer more benefits or higher rewards rates if the Synchrony Premier doesn’t suit your needs.
- If you like to rotate categories: The Chase Freedom Flex offers 5% cash back (up to $1,500 on combined purchases) in bonus categories every quarter after you activate it. The card also earns 5% cash back on travel purchases with Chase TravelSM3% cash back on restaurant dining (including takeout and delivery) and 3% cash back on pharmacy purchases. For more details, see Full Review of Chase Freedom Flex.
- If you want to maximize category sales: The Blue Cash Everyday® Card from American Express Earn 3% cash back at U.S. supermarkets, U.S. online purchases, and U.S. gas stations each year (up to $6,000 per category, 1% thereafter). The card also offers statement credits for Disney and Home Chef bundled streaming services, all while having no annual fee (see prices and fees).For more details, see full review of Amex Blue Cash Everyday.
- If you want flexible redemption options: The Citi Double Cash® Card (see prices and fees) is a simple card similar to the Synchrony Premier, where you get 2% cash back on every purchase (1% when you buy and 1% when you pay). The cash back can be redeemed for statement credits, travel, or gift cards. For more details, see Full review of Citi Double Cash.
For more options, please see our list. best cash back credit cards.
Related: Amex vs. Chase Cash Back: Which is Better?
Is Synchrony Premier worth buying?
Understanding the nuances of multiple cash-back credit cards can be time-consuming and laborious, but the Synchrony Premier World Mastercard keeps things simple with strong, consistent earning rates and automatic rewards redemptions. However, if you want bonus categories or more redemption options, you’ll want to choose another card.
The last line
The Premier SyncThere’s no annual fee, it includes automatic monthly statement credits so you never have to manually redeem your cash back rewards, and it also offers some of the free benefits of the World Mastercard. If earning 2% cash back on every purchase without paying an annual fee is your thing, then give it a try. However, if you want to maximize your rewards and become a pro, this card isn’t for you.
Apply here: Synchrony Premier World MasterCard Credit Card
For Amex Blue Cash Everyday rates and fees, click This.
