Quote:
Originally Posted by villagetinker
Over the last several months several stores we deal with have been using or changed to using Synchrony Bank, which has in turn imposed a $2 per statement fee unless you use paperless banking.
Here is my question: if your account has a zero balance and you have not signed up for the paperless banking do you still get a $2/monthly charge?
My analysis is that I can use my money back credit card instead of the store card and come out ahead on most accounts and most months. Based on this I am planning on dropping most if not all of the store credit cards and just use the money back card.
Thank you for your info and thoughts.
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You are right. We use the Synchrony/Sams Club card for gasoline purchases, and restaurant purchases because of the 5% rebate. That has been better than 15 cents a gallon. Using the Loves truck stop app or Walmart+ appgets an additional 10 cents a gallon off the price. The rebate is only usefil at Sam’s Club, but we have no trouble spending that much there, and it more than pays the membership fee. So far, no fees from Synchrony, but I download a PDF statement.
Otherwise, we use the cash back card. We reserve a third card for online purchases, too.