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Established Contributor
Posts: 840
Registered: ‎05-26-2016

Synchrony Tightening the Grips?

[ Edited ]

I received a nice boost on my Transunion over the weekend so though I would hit up ole Synchrony for some luv. Really wanted to get my Lowes up toward that $30-35k mark from $17k where it has sat since last August. Called them up and requested $35k put me on hold for under 2 minutes (usually not a good sign for me) and came back with " sorry to inform you that where unable to approve your credit line increase request " you will receive blah blah blah in the mail. So not giving up on the first try hopped on chat thiis time and got denied again! but given a number to contact underwritng? called them and they came back with a denial as well. Same exact thing happened to me with my Amazon Store Card. Flat denials with no counteroffers which is suprising. Has me wondering now are they cracking down on giving out large credit line increase requests? Anything requested over a certain threshold is now being forwarded to underwriting? Anyone else experience this sort of thing lately?

FICO8 Scores:~ 9/10/2017:~ TU:~737 EQ:~742 EX:~755
Inquires TU:~10 EQ:~10 EX:~15
Total Utilization:~ 3%
Total Revolving CL:~ $350k+club
Established Contributor
Posts: 545
Registered: ‎12-13-2015

Re: Synchrony Tightening the Grips?

[ Edited ]

Got my Lowes to $25k and EBates and Sams to $10k, then it was a few no, no, no.

 

I just gave up before they want to send me the blue envelope.

 

$17k is a really good limit to have on a Lowes card.  Enjoy it and get a good night sleep.

Established Contributor
Posts: 887
Registered: ‎03-18-2009

Re: Synchrony Tightening the Grips?

some people are risking it all for some bigger cli... greed.lol

Valued Contributor
Posts: 2,032
Registered: ‎03-03-2015

Re: Synchrony Tightening the Grips?


peghede wrote:

some people are risking it all for some bigger cli... greed.lol


That's not greed. Not wanting to wreck your utilization with a large purchase isn't greedy, it's smart. Larger limits keep your utilization down, and your score healthy.  

 

My Amazon store card is only $5K, so when I charged $4,600 on it last December, it hurt my score to the tune of 30-ish points. Even after paying all that off before deferred interest hit, Synchrony still won't give me a CLI. 

 

People use the Lowes project financing all the time for very larger purchases and projects. Using $10K of a $35K limit looks a lot better on paper than using $10K of a $17K limit. 



Starting scores: 552 EQ, 570 TU, 558 EX Current scores (9/1/17): 727 EQ 748 TU 731 EX
Established Contributor
Posts: 887
Registered: ‎03-18-2009

Re: Synchrony Tightening the Grips?

yeah if u use a decent lender, not this synchrony r.i.p who will close or freeze u card on the way to register to pay for lumber......don't get confused with navy now.

Established Contributor
Posts: 840
Registered: ‎05-26-2016

Re: Synchrony Tightening the Grips?

[ Edited ]

All points are very valid and taken. My goal exactly as DeeBee78 stated was to cushion some utilization and Lowes has been known to be the easiest to bump up to $30-35k. But believe me I am fully aware of the synchrony shenanigans and will close these accounts (3) I have with the the quickness. Would take a hit in utilization in doing so but will move on to some banks that don't put their customers through that.

FICO8 Scores:~ 9/10/2017:~ TU:~737 EQ:~742 EX:~755
Inquires TU:~10 EQ:~10 EX:~15
Total Utilization:~ 3%
Total Revolving CL:~ $350k+club
Senior Contributor
Posts: 8,938
Registered: ‎04-23-2016

Re: Synchrony Tightening the Grips?

I got my cards as high as want them .10k was my goal and like many i dont want to push too hard. With lots of defaults it only makes sense that some tightening will and is occuring. I always find it amusing that someone who actually utilizes their limit like deebee dont get the increases they need to help utilize their account better.

Be careful doing the trifecta, call ,chat ,luv button same day. That may give your account more attention then one may wantSmiley Wink
Community Leader
Super Contributor
Posts: 8,934
Registered: ‎05-25-2015

Re: Synchrony Tightening the Grips?


AverageJoesCredit wrote:
I got my cards as high as want them .10k was my goal and like many i dont want to push too hard. With lots of defaults it only makes sense that some tightening will and is occuring. I always find it amusing that someone who actually utilizes their limit like deebee dont get the increases they need to help utilize their account better.

Be careful doing the trifecta, call ,chat ,luv button same day. That may give your account more attention then one may wantSmiley Wink

+1 So true...I don't even go there with those cards. What I have I will happily keep, but not asking for more at this time. Synchrony is too "touchy," imho


Daily Drivers: Penfed Platinum Rewards; NFCU GoRewards; Discover; NASA Platinum Cash Rewards
Established Contributor
Posts: 840
Registered: ‎05-26-2016

Re: Synchrony Tightening the Grips?


AverageJoesCredit wrote:
I got my cards as high as want them .10k was my goal and like many i dont want to push too hard. With lots of defaults it only makes sense that some tightening will and is occuring. I always find it amusing that someone who actually utilizes their limit like deebee dont get the increases they need to help utilize their account better.

Be careful doing the trifecta, call ,chat ,luv button same day. That may give your account more attention then one may wantSmiley Wink

Yes AJC I'm going to cool it for now. It will be interesting to see what's on the letter they send out to me. It's just suprising especially with my Amazon account I had never had any issues moving it up to $10k but maybe those days of increases are coming few and far in between now.

FICO8 Scores:~ 9/10/2017:~ TU:~737 EQ:~742 EX:~755
Inquires TU:~10 EQ:~10 EX:~15
Total Utilization:~ 3%
Total Revolving CL:~ $350k+club
Frequent Contributor
Posts: 495
Registered: ‎02-15-2016

Re: Synchrony Tightening the Grips?

I asked for an increase on my Belk card.

They refused got the letter an it cited too many recent inquiries. I may have 2-3 on my Transunion from this year too me that is not many.
AAOA 1 year Fico 08's 738 739 703

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