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Synchrony Exposure

Valued Member

Synchrony Exposure

I recent applied for a CLI on my Paypal Mastercard and was denied. 

 

I have the following account w/ Synchrony

Value City Furniture: $1000

Care Credit: $800

Midas Car Credit: $1800 

Walmart Store Card: $1400

Amazon Store Card: $1400

PayPal MC: $1000

 

No lates, frequent use, low utilization...

 

do they look at total exposure ($7400) or just the individual account details when evaluating for an increase?



30 REPLIES
Community Leader
Super Contributor

Re: Synchrony Exposure

total Synch exposure is $100k+...so you may not just be eligible right now for cli.

How long have you had the cards?
(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
Valued Member

Re: Synchrony Exposure

 


pizza1 wrote:
total Synch exposure is $100k+...so you may not just be eligible right now for cli.

How long have you had the cards?
Value City is over 4yrs... all the other are approx 16 to 30 months... the PayPal MC is 9 months

 



Established Contributor

Re: Synchrony Exposure

My opinion, is they really just go off your Tu score after approval. 

 

 

Amex PRG NPSL I Chase Marriott $15k I Venture $15.3k I Chase IHG $5.6k l Amazon $6k l Chase Hyatt 18k l Barclays $1.4k Venture $12k l Discover it $3.5k l Express Next $3.1k l Amex EverDay $15K l Credit One $1.9k l Cabelas 1k Wayfair $7.1k I 6.5k Walmart $8k l SG $5.2k l Target $2200 l AU Shell Gas $900 opened in 1974 l Ex 667Tu 667 Eq 662

Anything worth fighting for is worth fighting dirty for.
Community Leader
Super Contributor

Re: Synchrony Exposure

Synchrony can be difficult. Perhaps it is not good to "poke the bear." Here is a very long, but detailed thread about Synchrony in case you are interested.

 

http://ficoforums.myfico.com/t5/Credit-Cards/What-the-heck-is-going-on-with-Synchrony/m-p/4669682/hi...


Daily Drivers: Penfed Platinum Rewards; NFCU GoRewards; Discover; NASA Platinum Cash Rewards. EQ: 763 TU: 737 EX: 787
Valued Contributor

Re: Synchrony Exposure


Musiclover wrote:

Synchrony can be difficult. Perhaps it is not good to "poke the bear." Here is a very long, but detailed thread about Synchrony in case you are interested.

 

http://ficoforums.myfico.com/t5/Credit-Cards/What-the-heck-is-going-on-with-Synchrony/m-p/4669682/hi...


Agreed

Established Contributor

Re: Synchrony Exposure

Agree with the TU score. Get it to 680+ and you usually can get CLI's.

Your far from Max exposure. I think sometime to go off your income also.

~All Thanks to the education I received from MyFicoers~ | 100K CLUB 10/31/16 |

Fico Scores: | Amex EX 763 | Discover TU 763/EX 763 | Capital One 763 | Barclay TU 771 | Huntington EQ 749 | Citi EQ 758 | Sam's TU 763 | Amazon TU 763 | Chase TU 763(Update 5/28/17 Mowing the Lawn 1/6/17) | Goal 799
Established Contributor

Re: Synchrony Exposure

Your PP Extras, was that a upgrade from a Smart Connect account? Also with the MC/Visas, one thing I noticed, is CLIs tend to have a different timing and different underwriting I think they are looking at. Also once you get the letter look at the date of the pull on there, it's SP but will be on the letter. Check the reasons. Store cards seem to handle a bit different with CLIs going out like candy sometimes. Your exposure looks fine but with that being said, you may also be at a internal ceiling right now based off how many cards and how long all of them have been opened and used. On my PP Extras, my timing for CLIs has been 6 months give or take a day as a data point. I got the first one at upgrade activation then exactly 6 months later in December for the 2nd one. Any request since then have been denied with factors given from credit report and my TU is on ice, so they are using a old score for mines.

Fico 8 starting scores 09/27/15 EQ: 646 TU: 622 EX: 668 5 collections 1 PR reporting across the board
Scores 06/30/16 EQ: 685 TU: 699 EX: 695 1 collection now reporting on EQ and EX and 1 PR on EQ
Current scores 11/4/2016 EQ 688 TU: 705 EX: 736 No collections no PR/Judgements Finally Clean
Frequent Contributor

Re: Synchrony Exposure

I totally agree with stREAIT.  Speaking from my experience store card and Mc clis are handled differently. Got a huge bump on amazon and walmart store cards on the appro val day back in 2015. but for ebay extras mc , marvel and old navy visa cli was denied upon activation . Only after 6 months i got an auto cli on ebay Mc from 3000 to 5000. I recently got a letter from synchrony about upgrading my walmart store card to Mc in april. And i tried a cli on walmart card yesterday and it went from 5000 to 10000 may be because it still prior to the actual upgrade. And my amazon went from 4000 to 5000

QS 7K | Disc11.5k | Amex Evday 6.9K | AmexBluCsh 20K| NFCU cashrewrds15.5K | NFCU more rewards amex 9.7K|Penfed cshrewrds 5K | Penfed travel Amex 5K|Consumers Cu Visa signature Cash rebate 6.5K | Blispay 2K| Citi Sim 7K|Citi Double cash 7.1k|
Chase Aarp 4.2K| Chase prime vis sig 3.5K | Paypal 2% Cash back 300| US Bank Cash+VisaSig 1k | US bankAmex 500| Walmart MC 10K | Wellsfargo cashwise 1.5K |2nd Disc 3.5K| Amz Store CC 5K | Care credit 5.5K |Marvel MC 5.5K |Good yearCC 2.4k - Over 150k CL all together

FICO SCORES- TU 737, EQ 710, EX 729 , AAOA 1 year. Inquiries TONS.
Valued Contributor

Re: Synchrony Exposure

Synchrony (RIP) soon or later  will lube you with  lexus nexus bs .stay away from them if possible.