Synchrony Premier World Mastercard®
- Best for: People who pay in full and want 2% back on everything with nothing to redeem
- What Sets It Apart: 2% cash back applied to your bill automatically, within two billing periods of each purchase
- Cost: $0 annual fee; variable APR of 20.49%, 27.49%, or 33.24%; 3% foreign transaction fee; $1.99 per paper statement on a balance over $2.50
- Features: World Mastercard; no cap or categories; prequalification before you apply
- Pros: One rate everywhere; no redemption step; no annual fee
- Cons: No 0% interest period; no cell phone, purchase, or rental car protection; uncredited cash back lost if you close the account
Get the Synchrony Premier World Mastercard® if you pay your bill in full and want 2% back on every purchase, applied to your statement automatically, with no annual fee. It has no 0% interest period or cell phone protection, so choose a 2% card that offers them if you’d use either.
The cash back shows up as a statement credit within two billing periods of each purchase, and Synchrony Bank sets no cap on what you earn. Synchrony’s other two Mastercards, the Plus World, which pays 1%, and the Preferred, made for building credit, come by invitation only, so this is the one you can apply for.
Key Features
- No annual fee
- 2% cash back on all purchases
- A $100 statement credit after $1,000 in purchases in your first 60 days, on accounts opened by December 31, 2026
- A variable interest rate (APR) of 20.49%, 27.49%, or 33.24%, set by your credit when you open the account
- Perks Mastercard adds for World cards, such as ID theft protection once you register for it
Pros
- One rate on every purchase, with no categories to activate or caps to watch
- Cash back credited automatically, whatever the amount
- A prequalification check on Synchrony’s site before you apply
Cons
- No 0% interest period on purchases or balance transfers
- No cell phone, purchase, or rental car protection
- A 3% fee on foreign purchases, more than the 2% back, charged even on dollar purchases made outside the U.S., so carry a card with no foreign transaction fee abroad
- Loss of any cash back not yet credited when you close the account or fall two payments behind
- A $1.99 fee for each paper statement showing a balance over $2.50, which electronic-only statements avoid
Cardholders who pay in full and charge $1,500 a month keep the whole 2%, $360 a year, with no fee to subtract. For a year of 0% interest on new purchases or cell phone protection, get the Wells Fargo Active Cash, which pays the same 2% and offers its 0% rate to applicants who haven’t had one in four years.
Learn more about the Synchrony Premier World Mastercard® or see how it compares to the best cash back credit cards.
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