Synchrony Bank and Walgreens have launched the myWalgreens Mastercard and offering a $25 sign-up bonus with your first purchase. See how the new card compares with other credit card bonus offers here.
The myWalgreens Mastercard is a good option for those who frequently shop at Walgreens and are looking to earn rewards on their healthcare and wellness expenses. You earn 10% Walgreens Cash rewards on Walgreens branded purchases, 5% on other eligible Walgreens brands and pharmacy purchases, and 3% on eligible grocery and health & wellness purchases. Additionally, $0 fraud liability, no-extra-cost access to your credit score and the ability to redeem rewards instantly at checkout are added benefits. However, it’s important to note that the rewards are only redeemable at Walgreens, and some purchases like alcohol, dairy, tobacco, and mail-order prescriptions may not be eligible for rewards. It might be best to pair this card with another credit card that offers a higher cashback rate on other purchase categories.
Here are the ongoing benefits of each card:
- Earn 10% on Walgreens-branded items
- Earn 5% on everything else at Walgreens
- Earn 3% on grocery and health & wellness purchases outside of Walgreens Health and Wellness, including medical bills, counseling services, spa and salon appointments, pet stores, sporting goods stores, and gym memberships
- Earn 1% on everything else
- No annual fee
The signup bonus is nothing to write about but the 3% back on medical bills, counseling services, spa and salon appointments, are unique benefits. Rewards can only be redeemed at Walgreens (not for cash or statement credit).
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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