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I ended up applying for the card. If it turns out to be a PITA, I can always cancel it.

They printed a new Sam's membership card for me that I can use as the credit card as Sam's; the actual card hasn't come in the mail yet.

I was amused by the form letter I got from Synchrony Bank today. It reads, in part:

"When you were approved, we did not assign to your account the best interest rate we offer. By law, we are required to provide you the information in the attached letter explaining that a credit score was used to review your application."

It goes on to give my credit score, per Transunion, as 803 on July 20. That matches the 803 as of July 14 reported on my last Discover statement as a FICO score, though the Synchrony letter doesn't specifically call it FICO. Key factors that adversely affected my score are given as:

1) Lack of recent installment loan information (no surprise there)
2) Number of accounts with balances (Doesn't say whether I have too many or too few. Credit cards I use will look like they have balances on the credit statement, even though I pay the bill in full each month.)

So . . . with a FICO of 803 on a scale of 350 to 850, I didn't get the best interest rate Synchrony offers. I wonder what would be required to get their best rate? I cynically think they aren't giving the best rate to anyone getting the Sam's Club card.

Of course, the interest rate doesn't matter. The cash back and grace period are what matter. I was just amused that I got this letter notifying me that I didn't get the best interest rate, and it doesn't even say what interest rate they gave me. (It does say that complete terms will come with the actual card.)

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