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Called Synchrony to move store card CL to a MC/Visa of same card

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MyLoFICO
Valued Contributor

Called Synchrony to move store card CL to a MC/Visa of same card

I called Synchrony and asked them to reduce my Chevron/Texaco store card CL to 1k from 4k. Then I requested a CLI on the Chevron/Texaco Visa from 4k to 10k to see if it would pickup the released amount from the other card. My TU score has increased by 5 pts since I app'd the Chevron/Texaco Visa and got the CLI to 4k through CS.

 

End results:
Store Card: 1k CL
VIsa: 4k CL

 

So, this teaches us we don't always get what we want. Smiley Very Happy

 

I used this card for the specific reason that I don't use their gas card anymore so the CL is wasted on that card but I don't want to close it yet since it is fairly new. I will leave it at 1k since my UTIL is very low and just try for a CLI on the Visa at a later date. No idea who they SP'd for the CLI request.

 

I hope this helps answer some questions that I have seen in other threads. 


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Called Synchrony to move store card CL to a MC/Visa of same card

Thanks for sharing....

Message 2 of 5
MyLoFICO
Valued Contributor

Re: Called Synchrony to move store card CL to a MC/Visa of same card

So today I figured the decreases have settled on their end and decided to call for my CLI's.  

 

CL Decreases initiated by me to CS:

Old Navy Store Card $5k > $1k

Chevron Texaco Store Card $4k > $1k

BP Store Card $3.5k > $1k

Total decrease - $9500

 

CLI's

Walmart MC $6k < $7k

Stash Visa $8k < $12k 

Marvel MC $6k < $7k

Chevron / Texaco Visa $4k < $5k

Total Increase - $7000

 

I did this with store cards I was never going to use for one reason or another. Less TCL but much more useable credit for me and a new highest limit prime card for me (Stash). I am happy with the results. I can't say for sure if dropping the CL on the store cards helped but I have been declined for CLI's on all of these cards (Stores and Majors) in the last 10 days and the primes were just CLI'd 10 days ago when I got approved for them, with no money left on the table. YMMV of course. Good luck to anyone who tries. 

 


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 3 of 5
MyLoFICO
Valued Contributor

Re: Called Synchrony to move store card CL to a MC/Visa of same card

I was curious if this would have any bearing on my other store cards that had been denied CLI's so I called back on the two store cards I intend to keep long term, Walmart and Lowes.

 

Lowes:

Starting CL was $12k. I asked for $25k and they countered with $17k.

 

Walmart:

Starting CL was $6k. I asked for $12k and they declined any increase.

 

So, I recovered the lost TCL and have a new highest limit card, Lowes. It's been a good credit day. No apps and no HP's. 


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 4 of 5
CreditMagic7
Mega Contributor

Re: Called Synchrony to move store card CL to a MC/Visa of same card

Nice work jockeying those lines around.

 

 

Message 5 of 5
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