Synchrony HOME Credit Card

This is really two cards in one: 2% back on eligible purchases under $299 at participating home and furniture retailers, or deferred-interest promotional financing on anything $299 and up. The financing is the actual reason to carry it, and it's a trap if you miss the payoff window, since deferred interest can hit you with the whole balance's interest retroactively. For a $3,000 sofa on a 12-month promo, you pay nothing extra only if it's fully cleared by the deadline; one late month and you owe back-interest from day one. No annual fee, acceptance is limited to its retailer network, so it's useless as a general card. Read the promo terms carefully on Synchrony's site.

Synchrony HOME Credit Card at a glance

Rewards & perks

• Honored at a wide network of home and furniture retailers
• 2% back on the smaller purchases
• Deferred-interest financing available on big-ticket buys

Pros

• Carries no annual fee
• Wide acceptance among home goods retailers
• Adaptable financing on larger purchases

Cons

• Deferred-interest financing tacks on back-interest unless paid off in full
• Restricted to participating home retailers
• Earns no rewards beyond the network

Who should apply

• A credit profile in the fair-to-good range
• A purchase at a participating retailer
• Income adequate to back the credit line

Before you apply: card terms change often. Confirm the current annual fee, APR, welcome offer and rewards on the official Synchrony site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.