topic Re: 2 Synchrony Cards within immediate period? in Credit Card Approvals

2 Synchrony Cards within immediate period?

Anonymous — Fri, 04 Oct 2019 15:00:47 GMT

I have a score over 700, several cards (I use) with single digit cumulative utilization.

I just got an Amazon store card from Synchrony with a $2K limit. I won’t be utilizing that much. I want to get a MattressFirm store card for a new mattress so I can get special Synchrony financing.

Would it be advisable to apply/get another Synchrony card so close together?

I’m in the low/mid 700s.

Re: 2 Synchrony Cards within immediate period?

BallBounces — Fri, 04 Oct 2019 15:05:25 GMT

As always, YMMV.

I think you will have no issues with 2 synch cards in short order, assuming your profile is stable. I added 4 in a 2 month period. I now have a total of 5.

So, specifically, adding another Sync card for you will likely be no issue. As to whether thats the right thing to do for you, that's your call.

Re: 2 Synchrony Cards within immediate period?

Anonymous — Fri, 04 Oct 2019 15:11:56 GMT

Get much of a score hit?

Exactly what I needed to know, thanks!

Re: 2 Synchrony Cards within immediate period?

chiefone4u — Fri, 04 Oct 2019 15:17:48 GMT

While you're likely to be approved, you might not get the credit limit you might want/need.

I have noticed (with my profile-- YMMV) that each additional Synchrony card I received after the first in a 90 day period had a lower SL.

Received 3 in 10 days for example -- $5,500 1st card, $800 2nd and $300 third. Had to wait 3 months before I could get a cli on any of them.

When I got my MattressFirm card I asked for $10,000 (knowing it was issued by Synchrony and they'll usually counter), they countered with $5,500.

Re: 2 Synchrony Cards within immediate period?

ocheosa — Fri, 04 Oct 2019 17:09:19 GMT

@Anonymous wrote:
Get much of a score hit?

Exactly what I needed to know, thanks!

I recently appd Lowe's 8/25, WF Propel 8/26 and eBay MC 9/25 and my score actually went up a point. I expected a dip but it didn't happen. In my case utilization going down offset any loss but we are only talking +/- 2-3 pts, nothing major. BTW, my Synchronly SL's actually increase with each app. YMMV

Re: 2 Synchrony Cards within immediate period?

M_Smart007 — Fri, 04 Oct 2019 21:08:18 GMT

Re: 2 Synchrony Cards within immediate period?

macinjosh — Sat, 05 Oct 2019 20:29:03 GMT

I got 3 in a 24 hour period. PayPal Credit $4,500, eBay MC $4,500, and then Amazon Store Card $1,500. I'm on a 6 month initial CLI with Synch, but so far it's been no go on those 3 cards when 6 months hit on September 26th. I guess I hit the max because of those 3 cards.

Re: 2 Synchrony Cards within immediate period?

Meanmchine — Sun, 06 Oct 2019 02:13:53 GMT

Congrats on your Amazon card

Re: 2 Synchrony Cards within immediate period?

Anonymous — Sun, 06 Oct 2019 02:18:08 GMT

Thanks. I'm happy about it at $1900. Considering I don't run balances that high or at all the 5% rewards are great. Definitely makes some other store cards redundant.