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$0
Annual fee
29.99%
Purchase APR
670
Recommended credit score
Product Name | Synchrony Car Care™ credit card |
---|---|
Annual fee | $0 |
Purchase APR | 29.99% |
Balance transfer APR | N/A |
Interest free period | Up to 23 days |
Late payment fee | Up to $39 |
Returned payment fee | $28 |
Rates & fees | rates & fees |
Review by
Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
If you need a credit card with a $0 annual fee to pay for gas or car services, the Synchrony Car Care™ credit card may be worth a look. What’s cool about this card is that even though it’s not a standard credit card, it’s accepted at more than 700,000 merchants. This includes popular ones like Exxon, Chevron, Yokohama and Continental. Other gas stations and car service merchants also accept this card, which gives you more flexibility.
Now, don’t expect to earn rewards on your purchases or get any discounts. That’s not what this card is about. What you get instead is promotional financing on your purchases. Here’s how it works: Say you want to get new tires that cost $600. You can buy them now and pay them off in six monthly installments of $100 without paying any interest. But beware — Should you fail to pay off your balance in full before the six months are up, you’ll pay interest of 29.99% accrued from the day you made your purchase.
Because of that, applying for the Synchrony Car Care™ credit card makes sense only if you can’t — or don’t want to — pay for your larger car purchases at once. But if that’s not a problem for you, a gas credit card with rewards or a car service card with rewards may be a better choice.
Say you buy your tires for $600. You can buy them now and pay them off in six monthly payments of $100. But if you’re late on your last payment, or if you fail to fully pay off the $600 balance within the six months, you’ll pay interest of around $95. So the $600 tires will actually cost you $695.
The larger your purchase, the more interest you’ll accrue if you fail to pay your balance on time.
If you’re looking for a card to pay for gas or a car service within six months with no interest, the Synchrony Car Care™ credit card could be worth considering. But if you’re looking to earn rewards on your gas purchases, consider a gas credit card.