Synchrony negotiate cli

Anonymous · ‎11-15-2015

Guys I applied for Walmart and Belk's when i was 650 across the board and received $300-$200 respectively. Requested credit line increase for Walmart and got shot down immediately (ok whatever). Did the same for Belk's thru online chat, they asked me for my annual income ($37,000) and now want to know how much i need. Do i shoot for the moon or keep it low? I told them i wouldn't be using the card much with a with a mediocre limit of $200 since it causes my utilization to sky rocket. Im not sure what to ask for. My credit reports are sqeeky clean with no charge offs, no lates or anything except a ton of inq's but my score has plummeted to 578 since Synchrony opened the 2 accounts. How should i deal with them?

Anonymous · ‎11-15-2015

@Anonymous wrote:
Guys I applied for Walmart and Belk's when i was 650 across the board and received $300-$200 respectively. Requested credit line increase for Walmart and got shot down immediately (ok whatever). Did the same for Belk's thru online chat, they asked me for my annual income ($37,000) and now want to know how much i need. Do i shoot for the moon or keep it low? I told them i wouldn't be using the card much with a with a mediocre limit of $200 since it causes my utilization to sky rocket. Im not sure what to ask for. My credit reports are sqeeky clean with no charge offs, no lates or anything except a ton of inq's but my score has plummeted to 578 since Synchrony opened the 2 accounts. How should i deal with them?

You can ask for more than you expect because they'll counter but realistically with a score of 578 I wouldn't expect much , if any, increase. You need to get those scores up quite a bit before you can realistically expect CLIs.

bear812c · ‎11-15-2015

ask for $6,000. They'll either give it to you or counter.

Anonymous · ‎11-15-2015

I asked for $1,000.. Thats a more realistic figure considering my score dropped after opening 2 accounts with them.

elim · ‎11-15-2015

wow, 60 points for 2 accounts? were these your first cards? i would think your score should have improved, not plummeted. have you pulled your reports to see what is causing the score drop? fix your scores and these cards will grow fast!

Creditaddict · ‎11-15-2015

@Anonymous wrote:
Guys I applied for Walmart and Belk's when i was 650 across the board and received $300-$200 respectively. Requested credit line increase for Walmart and got shot down immediately (ok whatever). Did the same for Belk's thru online chat, they asked me for my annual income ($37,000) and now want to know how much i need. Do i shoot for the moon or keep it low? I told them i wouldn't be using the card much with a with a mediocre limit of $200 since it causes my utilization to sky rocket. Im not sure what to ask for. My credit reports are sqeeky clean with no charge offs, no lates or anything except a ton of inq's but my score has plummeted to 578 since Synchrony opened the 2 accounts. How should i deal with them?

wait, how did your credit score drop to 578? who is giving you that score?

Anonymous · ‎11-15-2015

Thats the number showing on the website Credit Karma. They said my score started at 650 when i opened my first credit card (Capital One) which was 0 before that because i didn't have any tradeline. They updated my scores to reflect a huge drop once Synchrony posted my new accounts. I'm sitting at 578 with 2 months of payment history, no derogs or BK etc. IDK this credit stuff baffles me. Only got it so i can buy a house in the next 2 years.

Creditaddict · ‎11-15-2015

@Anonymous wrote:
Thats the number showing on the website Credit Karma. They said my score started at 650 when i opened my first credit card (Capital One) which was 0 before that because i didn't have any tradeline. They updated my scores to reflect a huge drop once Synchrony posted my new accounts. I'm sitting at 578 with 2 months of payment history, no derogs or BK etc. IDK this credit stuff baffles me. Only got it so i can buy a house in the next 2 years.

that is not a real score... it's not a fico score... don't' pay any attention to the score... creditkarma and credit sesame are good to watch for any accounts or inquiries showing up you are not expecting but not to gauge your credit score.

Ask for $5000 in chat for both of your Sync cards... they will counter or decline... if decline, try again next month after another statement.

Anonymous · ‎11-15-2015

Thanks for the advice. I'm not sure i even have a Fico score at the moment since i have only 2 months of history. Is their any way to see my scores by paying a flat fee which doesn't require me to sign up for some monthly service?

Creditaddict · ‎11-15-2015

@Anonymous wrote:
Thanks for the advice. I'm not sure i even have a Fico score at the moment since i have only 2 months of history. Is their any way to see my scores by paying a flat fee which doesn't require me to sign up for some monthly service?

you can buy from here at myfico but i probably wouldn't bother if you are just 2 months in AND if you request the CLI from Sync and they counter or approve, they will send you a TU Fico score in the letter!