Synchrony Premier World Mastercard®
Rating
2% cash back* on every purchase
The Synchrony Premier World Mastercard® is a straightforward cash back credit card that offers a competitive flat rate on all purchases. With no annual fee and automatic redemption, it's designed for simplicity and ease of use.
Key Features:
- Annual Fee: $0
- Welcome Bonus: None
- Rewards Rate: 2% cash back on all purchases
- Foreign Transaction Fee: 3% of each transaction in U.S. dollars
- APR: Variable APR of 19.24%, 25.24%, or 32.24% based on creditworthiness
Rewards and Redemption:
The Synchrony Premier World Mastercard® offers a simple and attractive rewards structure:
- Earning Cash Back: Cardholders earn an unlimited 2% cash back on all purchases, with no category restrictions or spending caps.
- Automatic Redemption: Cash back is automatically credited to your statement every month, eliminating the need for manual redemption.
- No Minimum Redemption: No minimum threshold for redeeming your cash back.
The automatic redemption feature ensures you'll always benefit from your rewards without remembering to redeem them. However, this also means you don't have the flexibility to save rewards for larger redemptions or transfer them to other programs.
Travel Benefits:
As a World Mastercard, this card comes with some travel-related perks:
- Mastercard Travel and Lifestyle Services
- Access to Mastercard's luxury hotel and resort portfolio
- Travel accident insurance
- Trip delay reimbursement
Additional Perks:
The card also includes some valuable protections and benefits:
- Cell phone protection (up to $1,000 per claim, maximum of $600 per claim)
- ID theft protection
- Zero liability protection for unauthorized purchases
- Purchase protection
- Extended warranty coverage
- ShopRunner membership (free 2-day shipping at select online retailers)
Who Should Get This Card?
The Synchrony Premier World Mastercard® is ideal for:
- Those who prefer a simple, flat-rate cash back program without category restrictions
- People who want automatic redemption of rewards
- Consumers looking for a no-annual-fee card with solid everyday earning potential
- Those who appreciate World Mastercard benefits but don't want to pay an annual fee
This card is particularly well-suited for individuals who want to earn a competitive rate on all their spending without tracking categories or manually redeeming rewards. The 2% cash back rate is among the highest available for flat-rate cards with no annual fee. However, it may not be the best choice for:
- Big spenders who could earn more with a premium rewards card
- Those who want a sign-up bonus or intro APR offer
- Frequent international travelers, due to the 3% foreign transaction fee
While the Synchrony Premier World Mastercard® doesn't offer flashy perks or a welcome bonus, its straightforward 2% cash back on all purchases and automatic redemption make it a solid choice for everyday use. Adding World Mastercard benefits enhances its value, providing valuable protections and travel perks without an annual fee. For those seeking simplicity and consistent rewards, this card is worth considering.
Pros
Automatic monthly redemption: Cash back is automatically credited to your statement each month, eliminating the need for manual redemption or tracking reward balances
Cell phone protection: The card offers up to $1,000 per claim (a maximum of $600 per claim) for cell phone damage or theft when you pay your monthly phone bill with it
ShopRunner membership: Complimentary membership provides free 2-day shipping and returns at over 100 online retailers, enhancing the online shopping experience
Cons
No welcome bonus: Unlike many competing cards, this card doesn't offer a sign-up bonus or introductory rewards boost for new cardholders
3% foreign transaction fee: This fee makes the card less appealing for international travel or purchases from foreign merchants
Limited redemption flexibility: The automatic statement credit redemption doesn't allow for alternative redemption options like travel bookings or gift cards
