2024 Synchrony Premier World Mastercard Authorized User Bonus (2024)

FAQs

Do authorized users get bonus? ›

Many authorized users eventually apply for their own credit card once their credit score has improved enough to qualify. This allows them to earn the welcome bonus, receive rewards on their purchases and enjoy all of the card's benefits.

Yes, it is hard to get the Synchrony Premier World Mastercard® because it requires excellent credit for approval. Unless your credit score is 750 and you have a lot of income, it will be difficult for you to get approved for the Synchrony Premier Card.

750+ credit score needed

You need excellent credit to get the Synchrony Premier.

The account holder's actions can negatively impact your credit. If the credit cardholder misses payments or racks up a lot of debt on the card, it could negatively impact your credit. Before being added as an authorized user, it's a smart idea to consider whether the credit cardholder is financially responsible.

Becoming an authorized user on someone else's credit card account is a strategy for improving credit quickly. It works best if the primary user's card has a long record of on-time payments and a high credit limit and the authorized user doesn't have recent blemishes on their credit report.

Priority Pass and other airport lounge access

Authorized users can take advantage of these perks just like the primary cardholder. Authorized user benefits also come with access to Airspace Lounges and some Lufthansa lounges in Munich and Frankfurt.

Does the Synchrony Premier card have pre-approval? You cannot check for Synchrony Premier pre-approval. Synchrony Bank does not offer pre-approval through its website, so anyone interested in applying for the Synchrony Premier Card will have to do so without the benefit of checking for pre-approval beforehand.

Both banks have a $0 minimum deposit and no monthly service fee, which maximizes earnings. But if you're looking for the best rate, Synchrony is the winner. Capital One allows customers to open multiple savings buckets to save for separate goals.

Authorized user

You can authorize another person to use your credit card. Typically, they'll get their own card tied to the same account.

Will removing an authorized user hurt their credit? It depends on the situation. If the card in question has been well maintained with on-time payments and low credit utilization, removing the authorized user from the account will effectively erase that positive payment history from their credit report.

Why did my credit score drop when I was added as an authorized user? ›

If there's a history of late or missed payments on the account you've been added to, or if that account has a balance that exceeds about 30% of its credit limit, it will tend to lower the credit scores of the primary account holder—and potentially yours, as an authorized user.

It's generally best to stay as an authorized user on your parents' credit card accounts until you've built up your own credit and are financially prepared to handle your own credit card payments. If you think you're ready to make the move to a credit card of your own, read on.

You won't earn your own rewards

If you become an authorized user on someone else's credit card, you should also know that the primary cardholder will get all the rewards.

Becoming an authorized user on someone else's credit card account can be a great way to establish or improve your credit history, provided the primary owner of the account has good credit management habits and solid credit scores.

One of the main drawbacks of adding authorized users to your account is that they do not earn a separate welcome bonus like a primary cardholder would when approved. However, as they are effectively spending through the same account, they do help earn rewards toward the same Membership Rewards account.

Adding an authorized user to your Capital One Venture Card still has benefits, though. To start, the authorized user is able to build credit. In addition, an authorized user's spending still counts toward earning a card's initial bonus.