What is the Synch rule?

redE2move · ‎10-23-2017

In the last 12 months I have obtained 5 cards from Synhrony. I thought I read somewhere that after 5 they cut you off or something like that. The thing is I may need to apply for Care Credit. Will this be an automatic denial or cause them to shut down my other accounts?

Anonymous · ‎10-23-2017

Hard to say.. Synch has got to be the wierdest bank i've ever dealt with. They have been giving me massive amounts of love here lately tho. Before now tho, they were shunning me. One month they love you, the next they don't.. I guess it would depend on your score. They monitor TU like a hawk. As long as it stays high, your probably golden.

kaw943 · ‎10-23-2017

@redE2move wrote:
In the last 12 months I have obtained 5 cards from Synhrony. I thought I read somewhere that after 5 they cut you off or something like that. The thing is I may need to apply for Care Credit. Will this be an automatic denial or cause them to shut down my other accounts

Not sure how many you can have I would call them to find out, I do know I applied for the carecredit just to have incase of something and it asked me how much I wanted I listed 15k and that it was I got in an instant approval from them. So they have been generous.

redE2move · ‎10-23-2017

I just thought I read somewhere here that they would burn me if I applied for too many of their products within 12 or 24 months. They've been really generous to me over the last 4 weeks. Each of my lines with them have gone up $2000 or more within the last 25 days. So I'm not sure if I would be pushing it by adding a 6th line within 12 months.

AverageJoesCredit · ‎10-23-2017

You have to be careful when adding alot of Synchrony accounts in to short of a time. It can lead to blue envelooes and account scrutiny. Now if you have those other accounts spaced out you should be ok, but theres always a chance that another account could be 1 too many. I dont think it would be automatic denial based off other Sync accounts, each Sync card has different underwriting but just do what makes you feel comfortable. There are some good Sync threads here to explain the blue envelope just fyi. Good luck

redE2move · ‎10-23-2017

Thats what it was....BLUE envelopes. Yes thanks I'll do some research on that. I don't wanna go scaring them off.

AverageJoesCredit · ‎10-23-2017

Yeah sometimes you csn do everything right and still get burned. One of those risks we take in having Sync or Comenity in our profiles

BurgeoningHope · ‎10-24-2017

@AverageJoesCredit wrote:
Yeah sometimes you csn do everything right and still get burned. One of those risks we take in having Sync or Comenity in our profiles

Yeah. I get my hair done at Ulta. I'd REALLY be racking up those Ulta points. But I already have two Comenity cards

Anonymous · ‎10-24-2017

You should be fine, as long as you CRs don't show up anything weird to make them react.