HOW IT WORKS
- Synchrony HOMETM Credit Card Benefits
- With the new Synchrony HOME Credit Card, you can earn 2% cash back rewards on purchases1 under $299 automatically credited to your billing statement at cycle.
- Purchases of $299 or more will receive 6-month promotional financing, everywhere the card is accepted2 in stores and online.
- Additionally, for Synchrony HOME participating locations, you will be eligible to take advantage of longer term promotional financing offers, ranging from 12 to 60 months on qualifying purchases. The available offers will vary by retailer.2
- Where is Synchrony HOME accepted?
Shop from these featured retailers and more, in-store and online. To explore all retailers just go to the menu and tap on Locations.
- When shopping at a store with the Synchrony HOME Credit Card, do I have to ask the associate to take advantage of the everyday benefits of the card?
No, we want to keep things simple for you, so you can focus on creating your dream home! Simply insert your card into the chip reader or swipe your card at checkout:
- The 6-month promotional financing offer will automatically be applied to purchases of $299 or more.
- The 2% reward is automatically applied to purchases less than $299.
- It works the same when shopping online. Just enter your Synchrony HOME Credit Card account # on the payment page and you are all set! If you must choose a certain type of card in the drop-down menu during online checkout, please choose “Discover” since we use their services to process some transactions.
- What if I have multiple promotional financing balances on my account at the same time?
The promotional summary box on your monthly statement will clearly show the balance for each promotional financing purchase and the corresponding expiration date. You can always choose to pay off your promotional balance earlier as well.
- What is the difference between “Synchrony HOME locations” and “Other locations” in the locator?
- “Synchrony HOME locations” are select participating retailers that may offer 12-60-month promotional financing2 promotions on qualifying purchases with the Synchrony HOME Credit Card.
- All “Other Locations” offer the everyday benefits of 2% cash back rewards (paid as a statement credit) on purchases1 under $299 and 6-month promotional financing2 on purchases over $299 with the Synchrony HOME Credit Card.
MANAGING YOUR ACCOUNT
- Will I be charged interest on a purchase that qualifies for the 6-month promotional financing?
You will only be charged interest on your promotional balance if you do not pay it off within the 6-month promotional period.
- What if I want to pay off my promotional purchase in less than 6 months?
You can always make more than your minimum monthly payment. The more you pay each month the quicker your balance will be repaid.
- What if I have multiple promotional financing items on my account at the same time?
The promotional summary box on your monthly statement will clearly show the balance for each promotional financing purchase and corresponding expiration date. You can always choose to pay off your promotional balance earlier as well.
- How can I keep better track of my account?
Register for your account by going to the Accounts tab in the app menu and follow the prompts. To register, you will need:
- Full account number: It’s on the front of your card, on the top right corner of your monthly billing statement and on the paper that your card was attached to when it was mailed
- Last 4 digits of the primary accountholder's Social Security Number
- Date of birth
Once you have registered your account you will be able to keep track of your account activity.
- I received a confirmation that my payment was processed, how long does it take to clear my bank?
You might expect to see funds withdrawn from your account within approximately 72 hours of the posting date. Check with your bank for confirmation.
- Can I schedule multiple payments in the Synchrony HOME app?
You can schedule up to 12 future payments, including the date you want the payment to post to your account and the amount. You can also vary the amount, date and payment source for each payment.
USING YOUR CREDIT WISELY
- General Tips For Managing Credit Card Debt
It is essential that you make minimum monthly payments on time and pay off your balance by the end of the promotional period in order to make Synchrony HOME successful for you and to avoid late fees and interest (on applicable promotional financing options).
- Pay on time. Pay your required monthly minimum payment on time.
- Never miss a payment. Your credit rating can be impacted if you miss a payment.
- Pay more than the minimum. Paying only the minimum payment may take a long time to pay off your debt and you may incur a lot of interest. In order to avoid interest and to pay your debt off in a more timely manner, consider paying more than the minimum. If you cannot pay in full, try paying half. Do your best to pay more than the minimum. If you find you are unable to ever pay off what you have charged, you may need to re-evaluate your budget.
- Pay your balance in full every month. The best thing to do every month, if you can afford it, is to pay off your balance in full. This will ensure you stay out of long-term debt all while getting the benefits and convenience of a credit card. It can also help your credit score.
- Check your monthly statement. It is important to review your monthly statements to ensure they reflect what you actually purchased. If you see something you don't recognize, call your credit card company immediately.
- Maintain a low “Debt-to-Income-Ratio.” Lenders often check your overall debt-to-income ratio to ensure you can borrow while still paying your bills. Only take on debt you know you can repay. If your debt level increases too high, it can also negatively affect your credit rating and make it difficult to get a loan, should you need it.
1Net card purchases (purchases minus returns and adjustments) less than $299 made with the Synchrony HOME Credit Card will earn 2% cash back rewards paid as a statement credit. Statement credits will be issued within 1-2 billing cycles after qualifying purchase is made. Fees and interest charges do not qualify for rewards. Account must remain open, in good standing, and not become delinquent. Subject to credit approval. We reserve the right to discontinue or alter the terms of this offer at any time.
2Subject to credit approval. Minimum monthly payments required. Promotional financing offers available at the time of purchase may vary by location. See store for details.