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Received a preapproval offer in the mail for their Preferred Mastercard. Not sure what that means. I don't see any perks and it has a $29.24% interest rate! I currently have their Sam's Club MC at $10,000 SL and Lowe's at $8500. Is there any benefit to adding this? I searched the forum and didn't find anything in this category. Please let me know if anyone has this card and it's worth the HP!
Unless you need a MC, there are many other options out there that aren't tied to 29% and that don't have to deal with the on again/off again of SYNC and their treatment of accounts.
I see interest rates keep rising but 29% is high. Unless you are in dire need of a MC I would skip.
The preapproval itself would be pretty solid but the juice isn't worth the squeeze for this card, it's just a basic no-frills Mastercard. If the preapproval had been for a Premier card our feedback would probably been a lot more positive.
Thank you all for confirming this card is not worth it. I'll stick with their Sam's Club MC and Lowe's card. Those offer value.