ScoreRewards® Mastercard® Credit Card Review

If you’re an avid shopper at DICK’S Sporting Goods, you’ll want to pay attention to the ScoreRewards® Mastercard® Credit Card. This credit card is tailored specifically for loyal customers of the sporting goods retailer, offering a variety of benefits and rewards that can make your shopping experience even more rewarding. In this comprehensive review, we’ll dive into the details of the ScoreRewards® Mastercard® Credit Card, covering everything from its pros and cons to its key benefits and how it compares to other credit cards on the market.

ScoreRewards® Mastercard® Credit Card Review

The ScoreRewards® Mastercard® Credit Card is issued by Synchrony Bank, a well-known financial institution that offers a range of credit products to suit various needs. This credit card is designed to reward customers for their loyalty to DICK’S Sporting Goods, providing points for every dollar spent both in-store and online at DICKS.com. Below, we’ll break down the key features of the ScoreRewards® Mastercard® Credit Card.

Rewards Structure

One of the primary attractions of the ScoreRewards® Mastercard® Credit Card is its rewards structure. Cardholders earn:
– 2x Points per $1 spent on all qualified in-store and online purchases at DICK’S Sporting Goods and DICKS.com.
– 1x Point per $3 spent on all other purchases.
This rewards structure is straightforward and easy to understand, making it an excellent option for frequent shoppers at DICK’S Sporting Goods.

Bonus Offer

New cardholders can also take advantage of a special bonus offer. When you open and use a new ScoreRewards® Mastercard® Credit Card, you’ll receive a $40 bonus reward. This can be a great way to kickstart your rewards accumulation and make your first purchase even more rewarding.

Interest Rates and Fees

Understanding the costs associated with a credit card is crucial. Here’s a breakdown of the interest rates and fees for the ScoreRewards® Mastercard® Credit Card:
– Purchase APR: 32.24% Variable
– Intro Balance Transfer APR: None
– Balance Transfers APR: None
– APR for Cash Advances: 29.99%
– Annual Fee: $0
– Fees for Cash Advances: Either $10 or 5% of the amount of each cash advance, whichever is greater
– Late Payment Fee: Up to $41
– Foreign Transaction Fee: 3% of each transaction in U.S. dollars

Payment Flexibility

The ScoreRewards® Mastercard® Credit Card offers payment flexibility, allowing cardholders to avoid paying interest on purchases if they pay their entire balance by the due date each month. The due date is at least 23 days after the close of each billing cycle, giving you ample time to manage your payments.

Credit Score Requirements

To qualify for the ScoreRewards® Mastercard® Credit Card, you’ll need a Good to Excellent credit score, typically ranging from 670 to 799. This ensures that the card is accessible to a wide range of consumers with varying credit histories.

ScoreRewards® Mastercard® Credit Card Key Takeaways

Before we delve further into the details, here are the key takeaways for the ScoreRewards® Mastercard® Credit Card:
1. Rewards Structure: Earn 2x points per $1 spent at DICK’S Sporting Goods and DICKS.com, and 1x point per $3 spent on all other purchases.
2. Bonus Offer: Receive a $40 bonus reward for opening and using a new card.
3. No Annual Fee: Enjoy the benefits of the card without paying an annual fee.
4. High APR: The card has a high variable purchase APR of 32.24%, so it’s essential to pay off your balance in full each month to avoid interest charges.
5. Foreign Transaction Fee: A 3% fee applies to each transaction made in U.S. dollars abroad.
6. Payment Flexibility: Avoid interest charges by paying your balance in full within 23 days of the billing cycle closing.
7. Credit Score Requirements: Suitable for individuals with Good to Excellent credit scores (670-799).

ScoreRewards® Mastercard® Credit Card Pros and Cons

Like any credit card, the ScoreRewards® Mastercard® Credit Card has its advantages and disadvantages. Let’s take a closer look at both sides:

Pros

1. No Annual Fee: One of the most significant advantages of this card is that it comes with no annual fee, making it a cost-effective option for loyal DICK’S Sporting Goods customers.
2. Generous Rewards: The 2x points per $1 spent on qualified purchases at DICK’S Sporting Goods and DICKS.com can add up quickly, allowing you to earn rewards faster.
3. Bonus Reward: The $40 bonus reward for opening and using a new card is a nice incentive for new cardholders.
4. Payment Flexibility: The option to avoid interest charges by paying your balance in full within 23 days of the billing cycle closing is a valuable feature.
5. Purchase Protection: Enjoy peace of mind with purchase protection benefits that safeguard your purchases against damage or theft.

Cons

1. High APR: The variable purchase APR of 32.24% is notably high, making it essential to avoid carrying a balance to prevent interest charges.
2. Foreign Transaction Fee: The 3% fee on foreign transactions can add up if you frequently travel abroad or make international purchases.
3. Limited Rewards Outside DICK’S Sporting Goods: While the 2x points on DICK’S Sporting Goods purchases are attractive, the 1x point per $3 spent on other purchases is relatively low compared to other rewards cards.
4. No Balance Transfer Option: Unlike some other credit cards, the ScoreRewards® Mastercard® Credit Card does not offer a balance transfer option, limiting its versatility for managing existing debt.

ScoreRewards® Mastercard® Credit Card Benefits

Now that we’ve covered the rewards structure, key takeaways, and pros and cons, let’s take a closer look at the specific benefits that come with the ScoreRewards® Mastercard® Credit Card:

Rewards Points

As mentioned earlier, the rewards points are the primary benefit of this card. Here’s a more detailed breakdown of how you can earn and redeem these points:
– 2x Points on DICK’S Sporting Goods Purchases: Every dollar spent at DICK’S Sporting Goods and DICKS.com earns you 2 points. This includes purchases of sporting equipment, apparel, footwear, and more.
– 1x Point on Other Purchases: For all other purchases, you earn 1 point for every $3 spent. While this rate is lower, it still allows you to accumulate points on everyday spending.

Bonus Reward

The $40 bonus reward for opening and using a new ScoreRewards® Mastercard® Credit Card can be a great way to start your rewards journey. This bonus can be used toward your next purchase at DICK’S Sporting Goods, providing immediate value.

Purchase Protection

Purchase protection is a valuable benefit that can provide peace of mind when making purchases with your ScoreRewards® Mastercard® Credit Card. This protection typically covers eligible purchases against damage or theft for a specified period after the purchase date. Be sure to review the specific terms and conditions to understand the coverage details.

Payment Flexibility

The ScoreRewards® Mastercard® Credit Card offers payment flexibility by allowing you to avoid interest charges if you pay your balance in full within 23 days of the billing cycle closing. This feature can help you manage your finances more effectively and avoid unnecessary interest costs.

Manage Your Account Online

Synchrony Bank provides a user-friendly online portal where you can manage your ScoreRewards® Mastercard® Credit Card account. This includes checking your balance, making payments, reviewing transaction history, and accessing customer service.

Good to Excellent Credit Required

The ScoreRewards® Mastercard® Credit Card is designed for individuals with good to excellent credit scores (670-799). If you fall within this range, you have a higher likelihood of being approved for the card and enjoying its benefits.

Conclusion

In conclusion, the ScoreRewards® Mastercard® Credit Card is a compelling option for loyal customers of DICK’S Sporting Goods. With its generous rewards structure, bonus offer, and no annual fee, it provides excellent value for frequent shoppers. However, it’s essential to be mindful of the high variable purchase APR and foreign transaction fee, which can add to the cost if not managed carefully.
If you regularly shop at DICK’S Sporting Goods and can take advantage of the 2x points on qualified purchases, this card can help you maximize your rewards and enjoy additional benefits like purchase protection and payment flexibility. However, if you frequently travel abroad or carry a balance, you may want to explore other credit card options with lower APRs and no foreign transaction fees.
Ultimately, the ScoreRewards® Mastercard® Credit Card is a valuable tool for those who can make the most of its rewards and benefits while managing their spending and payments responsibly. If you fit this profile, the ScoreRewards® Mastercard® Credit Card could be a great addition to your wallet, enhancing your shopping experience at DICK’S Sporting Goods and helping you earn rewards faster.