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Synchrony approvals post-BK?

tag
notpaul
Regular Contributor

Re: Synchrony approvals post-BK?

6 months opened them up for me.
6/15 DC BK7, starting EQ FICO score 563

2/16 FICO EQ 661. TU 653, EX 660
Current CC Accounts: Capital One QS1 500; Overstock 1300; Care Credit 5000; Barclay Rewards MC 1300; JCPenney 3500; Amazon 3500; WalMart 3500; Target 500; PenFed Promise Visa 2000; PenFed CLOC 500; NFCU Flagship 12500; NFCU Platinum 8500; Credit One 1000.
Message 11 of 51
Anonymous
Not applicable

Re: Synchrony approvals post-BK?

Hi, i was approved last week when i apply Amazon and Walmart (Same Day) 30 minutes interval.Discharged August 10 last year BK7 and include them in my petition,i burn Walmart,Amazon,B Republic,and Paypal.So that's like less than 6 months post DC when they let me back in.I only have 3 inquiries(TU)and 669 Credit Karma score when i apply

Message 12 of 51
Pway
Valued Contributor

Re: Synchrony approvals post-BK?

I am two years post discharge.  I have been able to obtain Walmart, Amazon and some others.  They would not touch me before then.  Each time it was a denial.  It's a YMMV thing.  I did burn them for JC Penney for a balance of around 300. 

Thank you for the wealth of knowledge I have learned from these forums. I am logging off as of November 9, 2022. I wish everyone great success.
Message 13 of 51
Cat27hargadon
New Contributor

Re: Synchrony approvals post-BK?

I have been approved for Walmart, Amazon, chevron gas card but got the we will email you or decision for Lowes and Old Navy.  With that being said do you usually get approved?  Very nervous. We really need a new fridge ours is dying

Message 14 of 51
CWESTL
Regular Contributor

Re: Synchrony approvals post-BK?

I'm just shy of 2 1/2 years post discharge. I applied for three credit cards during my first 28 months post discharge. My credit card applications were each spaced out by 6 month intervals. Capital One was obtained a week after discharge, NFCU Cash Rewards was acquired 6 months after discharge, and Barclay Rewards was acquired approximately 1 year post discharge. After closing on my mortgage last month (29 months post discharge) I decided to go on a mini application spree. I applied online and was instantly approved for the Cap One Venture, NFCU Platinum, Neiman Marcus, and Lowes CC's (Synchrony Bank). The Lowes card was approved via my online application with a $1k starting CL. I immediately contacted the customer service representative and was approved for a $12k limit. I did not burn Synchrony nor any of the other banks through which I've applied and been approved for credit. I did have a Lowes card prior to discharge that was closed and paid as agreed. The information on this forum has provided me with a road map for rebuilding. I haven't nor plan to apply for credit without a reasonable idea that I will be approved. I've yet to be declined for credit as a result of being armed with the knowledge provided on this forum. 

Chapter 7 Discharge Aug 2013 (Removed 2022 & 2023)
Jan 2024 EQ FICO 8 840
Jan 2024 TU FICO 8 779
Jan 2024 EX FICO 8 788
Jan 2024 EQ FICO 9 824 AMEX Cash Magnet $26K; AMEX Platinum NPSL, POT $27.5K; Cap One QS World MC $11k; Cap One Venture Sign VS $30k; Chase Sapphire Pref $18K; Citi Simplicity $7K; NFCU AMEX Rwds $28k; NFCU VS Sign Cash Rwds $24.1k; NFCU Plat VS $19k; Wells Fargo Reflect $25K; Mercury (previously Barclay Rwds MC) $5750k; Lowes $35k; Neiman Marcus $44k; Discover It $11.5k; Discover It $19.5K; Venmo Visa Sign $20K; Barclaycard (AU) $25.5K; Discover (AU) $19.5k New Mortgage Jan 2016 & Nonreaffirmed Mortgage Refinance Nov 2020; HELOC @ 2.75% Apr 2022; New Auto July 2017; NFCU LOC $20K
GOAL 820 FICOs on ALL 3 CRs by JANUARY 2025.
AMEX Lowes Business $25K
AMEX Business LOC $25K
Chase Ink Business Unlimited $26.5K; US Bank Business Platinum $10K
Message 15 of 51
Shooting-For-800
Senior Contributor

Re: Synchrony approvals post-BK?

was approved first time i applied which was about 1 year.

 

amazon, lowes, wal-mart, paypal = around 10,000 total

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 16 of 51
daveg38
Established Contributor

Re: Synchrony approvals post-BK?


@tussking wrote:
I am 72 days post discharge. I have 5 bank credit cards (all unsecured). I applied for Amazon at day 61 - declined & Walmart day 68 - declined...Hope that helps !

 

Did you get your Venture with low scores, and did you get your QS1 with low scores?

 

I'm wondering how Capital One determines who gets the credit steps $300 limits, and who gets the nice starting limits.

Ch7 Discharge: 5/14/2016 | Target RedCard $900 | Merrick DYL $500
Message 17 of 51
tussking
Established Contributor

Re: Synchrony approvals post-BK?

Got 2 Cap One cards days after discharge - $300 each. 4 months later got a $500 CLI on each. Yes once every bad dropped off my reports in Jan I was approved for Venture and QS. 

Discharged BK7 - 7.16.15
Current Fico8 - (8.2022) EX - 744/EQ - 728/TU - 740
Message 18 of 51
Life_take2
Contributor

Re: Synchrony approvals post-BK?

For me, I was at 5 months post 7 discharge and after some success with Cap 1 and  Barclays ( heck , even a pre-approved SCT pop-up from Eddie Bauer)  I tried for the Amazon Store card and got the 'gong'.  Reason cited in email was "BANKRUPTCY PROCEEDING, CREDIT COUNSELING OR CREDITOR SETTLEMENT"  - FYI they Pulled from TU. I pulled the trigger too soon I suspect.

BK7 -9/15 Starting EQ-571 | TU-528 | EX-572 ---> Feb'24- Fico8: EQ-756 | TU-759| EX-751 Fico9: EQ-804 | TU-813 | EX-806


Amazon Store 10,000 * Apple Card-GS 12,000 * Barclay View 11,400 * Citi Costco Visa 8,100 * * Citi BB Visa 10,000 * Discover 8,100 * Discover Miles 14,500 * Eddie Bauer 4,000 * Home Depot 10,000 * HSN 10,000 * Kohls 3,000 * NFCU Flagship 30,000 * NFCU AMEX 25,000 * PenFed Gold 12,500 * Sam's Club MC 15,000 *Wells Fargo Platinum 1,100 * Wells Fargo Autograph 20,000 *
Total CL $204,700
Util% >1% AAOA: 62 Mo

Message 19 of 51
Shooting-For-800
Senior Contributor

Re: Synchrony approvals post-BK?

I got 3000 plat after discarge then another  i was up to getting 10,000 QS within a yea. 

 

I was spending and paying off 5000 per month on cap one cards.

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 20 of 51
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