4 Steps to Get Synchrony Fees or Any Other Bank Fees Waived

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How To Get Your Synchrony Bank Late Fee Waived

Of the many things that might be harming your credit score, paying your bills late is one of the biggest culprits. However, if you end up with a , you can always ask Synchrony to waive it. According to a Comparecards.com survey on over 1000 Americans, close to 90% of consumers had at least one late fee erased upon request. The average savings for individuals who requested a late fee waiver was about $40.

Getting slapped with overdraft fees when you're already in financial distress may be devastating, both financially and psychologically. Even when you are financially stable, a late fee is bothersome. Asking for late fee waivers can be cumbersome for some. Luckily, is ready to help you automatically request Synchrony Bank late fee waivers.

Common Synchrony Bank Charges and Fees

Annual Percentage Rate (APR) for Purchases

The APR charge is the interest rate levied on purchases when you have a balance on your credit card. Your credit card's annual percentage rate (APR) is calculated monthly. Synchrony's APR for purchases is the prime rate + 21.74%. Synchrony employs a daily rate to compute your interest. Rates are subject to change daily. Your account's APR and daily rate fluctuate with the market, based on the prime rate.

Residual interest

This fee is the interest that accumulates between the time your statement is issued and when you pay your bill.

What Are Synchrony Bank Late Fees?

When a client fails to pay their debt, such as a loan or a credit card, or any other form of financial arrangement, such as insurance or lease, by the due date, they are charged a late fee. When you fail with payment, the lender adds the late charge to the outstanding sum, which escalates the next month.

Synchrony Bank imposes a penalty if you miss the minimum payment deadline, which varies from card to card. If Synchrony Bank does not receive the whole amount payable before 5 p.m. (ET) on the due date, the Bank shall impose a late fee. This charge is the same as:

  1. $25 if you paid your complete minimum payment by the date of payment in each of the last six billing cycles,


  1. $25 if you paid your complete minimum payment by the date of payment in one or each of the last six billing cycles.

The late fees will not exceed the amount payable.

Late Fees in Other Banks

  • Ally - The minimum late fee is 5% of the scheduled monthly payment amount.
  • Marcus - $0.
  • Discover - $27 and a maximum of $40.
  • Bank of America - $19 for amounts less than $100 and a maximum of $49 for balances $5000 and higher.
  • Chase -$39

Why Do Banks Charge Late Fees?

Financial institutions make money in various ways, including by levying borrowers’ and debtors’ fees. Late fees are one of those levies. Customers who fail to meet their financial obligations by a specific deadline are charged late fees. Late fees are stated in the contract or agreement and are put in place to encourage customers to pay on time. However, some banks don't charge late fees.

Will Synchrony Bank Refund Late Fees?

Synchrony, which issues retail credit cards for many highly regarded national brands like Lowe's and PayPal, allows for late fee waivers and will work with customers individually. Customers experiencing financial difficulties should reach out to Synchrony and speak with one of the customer service representatives to discuss their options. These may include assessing credit limits to upgrade purchasing power and waiving charges on Synchrony Bank deposit accounts as necessary.

How To Get Refunds on Synchrony Bank Late Fees On

Your Own

To get your Synchrony Bank Late Fee refunds, you will have to contact the Bank's customer service.

You can do this by:

  • Finding your dedicated service team or calling the card-specific toll-free line on your statement or the back of your credit card.
  • Managing your account online by registering and logging in or chatting.

What Types of Bank Fees Can I Get Refunds for With DoNotPay?

DoNotPay can help you get refunds for a range of bank fees. This includes overdraft, wiring, international, and ATM fees. We work across all banks. DoNotPay can also automatically appeal your bank fees every month. You can get all this with a quarterly $36 subscription.

Tips for Avoiding Synchrony Bank Late Fees

Sign up For AutopaySigning up for Autopay is one approach to eliminate the risk of late fees. Autopay allows you to authorize Synchrony to deduct payments automatically from your checking account. To ensure you have sufficient funds in your bank account, set the Autopay date for the day after your payday. Additionally, you should make it a practice to check your account balances frequently to know how much money is in your account constantly.
Set up RemindersAutopay may not be the best solution for you if you prefer doing some things manually. However, you might not want to rely entirely on your recollection to make timely payments. Instead, consider adding reminders to your calendar and signing up for online notifications.

How To Get Synchrony Bank Fees Waived Successfully With DoNotPay

If you want to get Synchrony Fees Waived successfully with DoNotPay but don't know where to start, DoNotPay has you covered in 4 easy steps:

  1. Open the DoNotPay Fight Bank Fees product.

  2. Enter the name of your bank.

  3. Verify the last 4 digits of your bank account.

  4. Choose which fees you want to waive, including overdraft, ATM, and transaction fees.

Why Use DoNotpay To Waive Your Synchrony Late Fees

  • Fast - DoNotPay quickly reaches out to Synchrony and gets your fees waived.
  • Easy - DoNotPay will do all the heavy lifting on your behalf.
  • Successful - DoNotPay provides quality, end-to-end service.

What Else Can DoNotpay Do?

Contact us today and get your consumer needs handled.

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