topic Re: Synchrony Tightening the Grips? in Credit Card Applications

Synchrony Tightening the Grips?

credit_endurance — Tue, 12 Sep 2017 02:11:23 GMT

I received a nice boost on my Transunion over the weekend so though I would hit up ole Synchrony for some luv. Really wanted to get my Lowes up toward that $30-35k mark from $17k where it has sat since last August. Called them up and requested $35k put me on hold for under 2 minutes (usually not a good sign for me) and came back with " sorry to inform you that where unable to approve your credit line increase request " you will receive blah blah blah in the mail. So not giving up on the first try hopped on chat thiis time and got denied again! but given a number to contact underwritng? called them and they came back with a denial as well. Same exact thing happened to me with my Amazon Store Card. Flat denials with no counteroffers which is suprising. Has me wondering now are they cracking down on giving out large credit line increase requests? Anything requested over a certain threshold is now being forwarded to underwriting? Anyone else experience this sort of thing lately?

Re: Synchrony Tightening the Grips?

Anonymous — Tue, 12 Sep 2017 02:55:12 GMT

Got my Lowes to $25k and EBates and Sams to $10k, then it was a few no, no, no.

I just gave up before they want to send me the blue envelope.

$17k is a really good limit to have on a Lowes card. Enjoy it and get a good night sleep.

Re: Synchrony Tightening the Grips?

peghede — Tue, 12 Sep 2017 05:08:20 GMT

some people are risking it all for some bigger cli... greed.lol

Re: Synchrony Tightening the Grips?

DeeBee78 — Tue, 12 Sep 2017 05:34:59 GMT

@peghede wrote:
some people are risking it all for some bigger cli... greed.lol

That's not greed. Not wanting to wreck your utilization with a large purchase isn't greedy, it's smart. Larger limits keep your utilization down, and your score healthy.

My Amazon store card is only $5K, so when I charged $4,600 on it last December, it hurt my score to the tune of 30-ish points. Even after paying all that off before deferred interest hit, Synchrony still won't give me a CLI.

People use the Lowes project financing all the time for very larger purchases and projects. Using $10K of a $35K limit looks a lot better on paper than using $10K of a $17K limit.

Re: Synchrony Tightening the Grips?

peghede — Tue, 12 Sep 2017 05:39:40 GMT

yeah if u use a decent lender, not this synchrony r.i.p who will close or freeze u card on the way to register to pay for lumber......don't get confused with navy now.

Re: Synchrony Tightening the Grips?

credit_endurance — Tue, 12 Sep 2017 12:13:16 GMT

All points are very valid and taken. My goal exactly as DeeBee78 stated was to cushion some utilization and Lowes has been known to be the easiest to bump up to $30-35k. But believe me I am fully aware of the synchrony shenanigans and will close these accounts (3) I have with the the quickness. Would take a hit in utilization in doing so but will move on to some banks that don't put their customers through that.

Re: Synchrony Tightening the Grips?

AverageJoesCredit — Tue, 12 Sep 2017 13:06:21 GMT

I got my cards as high as want them .10k was my goal and like many i dont want to push too hard. With lots of defaults it only makes sense that some tightening will and is occuring. I always find it amusing that someone who actually utilizes their limit like deebee dont get the increases they need to help utilize their account better.

Be careful doing the trifecta, call ,chat ,luv button same day. That may give your account more attention then one may want

Re: Synchrony Tightening the Grips?

Anonymous — Tue, 12 Sep 2017 13:39:38 GMT

@AverageJoesCredit wrote:
I got my cards as high as want them .10k was my goal and like many i dont want to push too hard. With lots of defaults it only makes sense that some tightening will and is occuring. I always find it amusing that someone who actually utilizes their limit like deebee dont get the increases they need to help utilize their account better.

Be careful doing the trifecta, call ,chat ,luv button same day. That may give your account more attention then one may want

+1 So true...I don't even go there with those cards. What I have I will happily keep, but not asking for more at this time. Synchrony is too "touchy," imho

Re: Synchrony Tightening the Grips?

credit_endurance — Tue, 12 Sep 2017 14:00:56 GMT

@AverageJoesCredit wrote:
I got my cards as high as want them .10k was my goal and like many i dont want to push too hard. With lots of defaults it only makes sense that some tightening will and is occuring. I always find it amusing that someone who actually utilizes their limit like deebee dont get the increases they need to help utilize their account better.

Be careful doing the trifecta, call ,chat ,luv button same day. That may give your account more attention then one may want

Yes AJC I'm going to cool it for now. It will be interesting to see what's on the letter they send out to me. It's just suprising especially with my Amazon account I had never had any issues moving it up to $10k but maybe those days of increases are coming few and far in between now.

Re: Synchrony Tightening the Grips?

Anonymous — Tue, 12 Sep 2017 21:04:55 GMT

I asked for an increase on my Belk card.

They refused got the letter an it cited too many recent inquiries. I may have 2-3 on my Transunion from this year too me that is not many.

Re: Synchrony Tightening the Grips?

Manonfire — Wed, 13 Sep 2017 02:14:40 GMT

OP, you mentioned that synchrony didnt even counter offer. Not sure it would have made a difference but did you ask them if they would consider a lower amount?

@credit_endurance wrote:
I received a nice boost on my Transunion over the weekend so though I would hit up ole Synchrony for some luv. Really wanted to get my Lowes up toward that $30-35k mark from $17k where it has sat since last August. Called them up and requested $35k put me on hold for under 2 minutes (usually not a good sign for me) and came back with " sorry to inform you that where unable to approve your credit line increase request " you will receive blah blah blah in the mail. So not giving up on the first try hopped on chat thiis time and got denied again! but given a number to contact underwritng? called them and they came back with a denial as well. Same exact thing happened to me with my Amazon Store Card. Flat denials with no counteroffers which is suprising. Has me wondering now are they cracking down on giving out large credit line increase requests? Anything requested over a certain threshold is now being forwarded to underwriting? Anyone else experience this sort of thing lately?

Re: Synchrony Tightening the Grips?

AverageJoesCredit — Wed, 13 Sep 2017 02:35:51 GMT

I think if they dont counter while on the phone there is nothing there for them to offer. Computer decisions can be final with Sync. You're either eligble or your not.

Re: Synchrony Tightening the Grips?

JR_TX — Thu, 14 Sep 2017 16:40:24 GMT

I think the OP might be on to something here...

Just got off the phone with CS regarding my $6K CL Wally card. Never asked for a CLI in about a year averaging $320 a month spend the last 12 months...
Declined! Not even a counter! I was expecting a worst case scenario of an $8K counter but no! Nothing! Zilch! Zero! Nada!
My TU8 at 700, 1% total util with 3 inqs (newest 7 mos ago). 1 new acct 7 months ago. Letter coming in the next 7 or so days.

As added DP, 3 weeks ago they countered and raised my Marvel MC from $6K -> $8K though. So don't know if that has something to do with my Wally denial.

Re: Synchrony Tightening the Grips?

Anonymous — Thu, 14 Sep 2017 16:49:20 GMT

yea seems like they might be.. ive had my amazon store card 9 months.. use it all the time always PIF, just tried CLI the other day.. nope.. and care credit, you guys all posted you got cli in the first 24-48 hours, i got mine tried twice via chat in that time, both times told my card is "too new", i tried again the other day, nope we'll send you a notice as to why..

Re: Synchrony Tightening the Grips?

credit_endurance — Thu, 14 Sep 2017 17:21:51 GMT

@Manonfire wrote:
OP, you mentioned that synchrony didnt even counter offer. Not sure it would have made a difference but did you ask them if they would consider a lower amount?
@credit_endurance wrote:
I received a nice boost on my Transunion over the weekend so though I would hit up ole Synchrony for some luv. Really wanted to get my Lowes up toward that $30-35k mark from $17k where it has sat since last August. Called them up and requested $35k put me on hold for under 2 minutes (usually not a good sign for me) and came back with " sorry to inform you that where unable to approve your credit line increase request " you will receive blah blah blah in the mail. So not giving up on the first try hopped on chat thiis time and got denied again! but given a number to contact underwritng? called them and they came back with a denial as well. Same exact thing happened to me with my Amazon Store Card. Flat denials with no counteroffers which is suprising. Has me wondering now are they cracking down on giving out large credit line increase requests? Anything requested over a certain threshold is now being forwarded to underwriting? Anyone else experience this sort of thing lately?

Nope. No counteroffers what so ever. That for me has always been one of the joys of dealing with Synchrony is even if you shoot high and they're not comfortable with the amout you request they would usually come back with an counteroffer. I think this gravy train is slowing down, As I have mentioned before I like all my current cards AMZ, Care Credit, Lowes because they serve prurposes in my lifestyle but if they start to act funny with me and or send me the blue envelope I will without hesistation close every tradline with them that I have. There are plenty other fish in this credit sea to deal with to recoup the lost utilization buffer if need be.

Re: Synchrony Tightening the Grips?

Anonymous — Fri, 15 Sep 2017 00:59:26 GMT

@credit_endurance wrote:
@Manonfire wrote:
OP, you mentioned that synchrony didnt even counter offer. Not sure it would have made a difference but did you ask them if they would consider a lower amount?
@credit_endurance wrote:
I received a nice boost on my Transunion over the weekend so though I would hit up ole Synchrony for some luv. Really wanted to get my Lowes up toward that $30-35k mark from $17k where it has sat since last August. Called them up and requested $35k put me on hold for under 2 minutes (usually not a good sign for me) and came back with " sorry to inform you that where unable to approve your credit line increase request " you will receive blah blah blah in the mail. So not giving up on the first try hopped on chat thiis time and got denied again! but given a number to contact underwritng? called them and they came back with a denial as well. Same exact thing happened to me with my Amazon Store Card. Flat denials with no counteroffers which is suprising. Has me wondering now are they cracking down on giving out large credit line increase requests? Anything requested over a certain threshold is now being forwarded to underwriting? Anyone else experience this sort of thing lately?

Nope. No counteroffers what so ever. That for me has always been one of the joys of dealing with Synchrony is even if you shoot high and they're not comfortable with the amout you request they would usually come back with an counteroffer. I think this gravy train is slowing down, As I have mentioned before I like all my current cards AMZ, Care Credit, Lowes because they serve prurposes in my lifestyle but if they start to act funny with me and or send me the blue envelope I will without hesistation close every tradline with them that I have. There are plenty other fish in this credit sea to deal with to recoup the lost utilization buffer if need be.

If your established with solid repayment history over many years unless it's a car loan or something bigger they shouldn't hassle you I completely agree,

Re: Synchrony Tightening the Grips?

12njoy — Sat, 16 Sep 2017 02:05:28 GMT

I have a 103k with Synchrony and pushed the envelope recently with a Nissan Visa application. The app was denied due to max exposure. I got the letter and they stated in the letter that I could reduce or close one of their cards to open the Nissan Visa. The rewards on the Nissan Visa are dsimal so I won't be doing that. My request was purely greed though. If they ever close my accounts so be it. I won't lose any sleep over it.

Re: Synchrony Tightening the Grips?

Anonymous — Sat, 16 Sep 2017 03:34:55 GMT

Recently I got my sams club mc from 7000 to 15000 which was what I asked for.

My tu 08 at the time was a little over 700.

I have had the card over 10 years and spend a couple thousand a month on it and pif.

So maybe there looking at more than just score now and history and use matter too. Anyones guess for sure what these companies want on a daily basis.

Re: Synchrony Tightening the Grips?

12njoy — Sat, 16 Sep 2017 03:40:06 GMT

I have the following accounts and only run a couple hundred through them periodically and PIF:

Ebates Platimun Visa 20k

Walmart Mastercard 20k

TJX Mastercard 20k

Paypal Mastercard 20k

BP Visa 10k

Old Navy Visa 10k

Marvel Mastercard 3k

Re: Synchrony Tightening the Grips?

Meanmchine — Sun, 17 Sep 2017 04:27:23 GMT

I have a PP MC and a TJMaxx MC both at their cap of $8k based on my file and score. I read an email saying that Synchrony Bank was going to grant CLIs to those living in the hurricane affected areas. Being that I live in Florida I called credit solutions and asked for $2.5k bump on my PP account. They countered with $1k. Didnt even bother with the other card. Disappointed.