There are many things that separate Synchrony Bank from other credit card companies. For example, Amazon has its own payment system and no one else does. They also offer no annual fees, a zero percent APR for balance transfers for the first year, and they've got an unparalleled customer service reputation. But is Amazon a good choice for your personal credit card?
The first thing you need to consider when choosing a credit card is what your budget looks like. If you don't have a lot of money to burn, you probably won't want to get an all encompassing card that will require a ton of monthly payments. However, it's important to remember that even those with tight budgets can use their card responsibly. The key is figuring out which services and features you actually need and then sticking to them.
For example, Amazon doesn't charge fees for ATM usage. It doesn't matter how often you use it or if you carry a balance. You can just as easily pay for everything with cash on your card as you can by using a credit card tied to an account at a bank. Even if you use your card less than a few times a month, you should still be able to find good deals.
When you start shopping online for your Amazon card, you'll probably notice that they offer a loyalty program. This is where you sign up to receive emails about special deals and offers. In addition, you can earn up to two free Amazon gifts with every purchase. Synchrony Bank is partnered with Amazon, so this means you'll be getting even better deals on your Amazon credit card than you would from any other bank. Not only that, but you're not obligated to keep these cards or use them exclusively.
Once you've decided what services and features you need in a credit card, the next step is choosing the card that best meets your needs. The Amazon card comes with an AMEX card number, but it's also possible to get a MasterCard or Visa instead. If you plan to travel a lot or frequently make international purchases, this is definitely the way to go. However, if you only intend on shopping at popular department stores, the Amazon card may be all you need.
Regardless of whether you choose an Amazon credit card from Synchrony Bank or not, you should know that the bank has been processing transactions at all time high volumes. That's a very good thing, especially when you consider the . . . . . . recent economic downturn. With that said, it is important that you comparison shop. Synchrony Bank offers their own Visa card and has been processing transactions at the same high levels as well. They also offer the MasterCard and AMEX card, which allows you to transfer your money to an Amex card at a percentage rate that is similar to what the bank charges for its own cards.