topic Re: Synchrony CLI in Credit Card Applications

Synchrony CLI

growthadvocate — Wed, 12 Feb 2020 02:24:35 GMT

Hello All!

Hoping my fellow Synchrony cardholders can offer some insight. I opened 2 Synchrony accounts in December--the Amazon Store Card and Marvel Card. I just had my second statements cut for each card and I'm tempted to ask for a CLI. From what I've read, there isn't much consistency regarding when is best, althought I've read that some suggest after the 3rd statement...however, others have gotten increases sooner than 60 days. My scores are in the mid 700's and I have zero derog. I have limited trade lines, which is why I beleive my SLI's were 2k and 2100.

First question is should I request a CLI now, or wait until 90 days? Second question, is it better to call in or just hit the luv button?

Any insight is greatly appreciated!

Re: Synchrony CLI

Anonymous — Wed, 12 Feb 2020 02:46:49 GMT

Amazon Store Card is likely either 3 or 4 months, Marvel likely 6+.

Its a SP though so there is no harm in asking. I would use the website.

Re: Synchrony CLI

Anonymous — Wed, 12 Feb 2020 02:53:57 GMT

I opened my paypal mc in late nov. Not sure why but on Sunday I asked for a Cli. Asked for 10k , they gave me 8. Starting limit was $3500. I was pleasantly surprised.

Re: Synchrony CLI

Jnbmom — Wed, 12 Feb 2020 03:26:12 GMT

@Anonymous wrote:
Amazon Store Card is likely either 3 or 4 months, Marvel likely 6+.

Its a SP though so there is no harm in asking. I would use the website.

as @Anonymous stated

Marvel is usually almost always 6 months for CLI for most people, amazon store can be a little less time.

Re: Synchrony CLI

M_Smart007 — Wed, 12 Feb 2020 03:36:36 GMT

@Anonymous wrote:
I opened my paypal mc in late nov. Not sure why but on Sunday I asked for a Cli. Asked for 10k , they gave me 8. Starting limit was $3500. I was pleasantly surprised.

Congrats!

Re: Synchrony CLI

M_Smart007 — Wed, 12 Feb 2020 03:37:08 GMT

@Jnbmom wrote:
@Anonymous wrote:
Amazon Store Card is likely either 3 or 4 months, Marvel likely 6+.

Its a SP though so there is no harm in asking. I would use the website.
as @Anonymous stated
Marvel is usually almost always 6 months for CLI for most people, amazon store can be a little less time.

Re: Synchrony CLI

growthadvocate — Wed, 12 Feb 2020 06:49:51 GMT

Thank you for the feedback @Saeren

Question: where did you learn that Marvel is 6+?

Re: Synchrony CLI

growthadvocate — Wed, 12 Feb 2020 06:51:57 GMT

Congrats on the CLI @Jastubs!

As of Sunday, when you requested the CLI, you only had 2 statements cut?

Re: Synchrony CLI

Anonymous — Wed, 12 Feb 2020 06:54:21 GMT

@growthadvocate wrote:
Thank you for the feedback @Saeren

Question: where did you learn that Marvel is 6+?

Synchrony major credit cards like Marvel and PayPal almost never have a successful CLI request until at least 6 months. This makes sense since they can be used anywhere and are thus inherently more risky.

Re: Synchrony CLI

growthadvocate — Wed, 12 Feb 2020 07:04:23 GMT

@Saeren how long have you had your paypal card--can you share your data points regarding any CLI's? I assume that you've gotten an increase or 2?

Although, didn't Synchrony just take over the Paypal card recently?

Re: Synchrony CLI

Anonymous — Wed, 12 Feb 2020 07:22:10 GMT

@growthadvocate wrote:
@Saeren how long have you had your paypal card--can you share your data points regarding any CLI's? I assume that you've gotten an increase or 2?

Although, didn't Synchrony just take over the Paypal card recently?

I've had it a year and a month and they have declined to give me CLIs each time I have asked for varying reasons. It's got an $8K limit though so I stopped asking.

I tried Marvel last month and received a letter that the account was too new (opened in September).

Sync has always done PayPal credit cards, Comenity used to do the PayPal Credit (previously Bill Me Later) accounts and Sync now took that over.

Re: Synchrony CLI

Anonymous — Wed, 12 Feb 2020 08:23:01 GMT

Correct. Opened Nov 23.

Re: Synchrony CLI

growthadvocate — Wed, 12 Feb 2020 20:33:20 GMT

Last question @Saeren

To confirm, your Paypal SLI was 8k?

Thanks for all of the DP's!

Re: Synchrony CLI

Anonymous — Wed, 12 Feb 2020 20:50:59 GMT

Yep it was $8K. Blew my mind since that was the largest limit I was approved for right out of the gate up til that point and Sync had just given me $1800 on the Amazon Store Card a week prior. My score went to 706 from 640 inbetween though because I got TU to remove my last charge off and late payments.

I should point out that my income is very low at $18K and I ended up with $33,500 in Sync limits before I just dropped $17,500 the other day so they had no problem giving me new cards while declining me for CLIs. I got my CareCredit at $10K like two weeks after they told me no CLI on PayPal which was 8 months old at that point. My Amazon grew from $1800 to $6K between 12/2018 and 9/2019 from 3 CLIs ($2200, $3K, $6K) and my B&H grew from $5K to $7500 in 2 months.

Re: Synchrony CLI

Anonymous — Wed, 12 Feb 2020 20:54:23 GMT

@Anonymous wrote:
I opened my paypal mc in late nov. Not sure why but on Sunday I asked for a Cli. Asked for 10k , they gave me 8. Starting limit was $3500. I was pleasantly surprised.

Congratulations on your nice increase! 👍

Re: Synchrony CLI

growthadvocate — Wed, 12 Feb 2020 23:07:26 GMT

More great DP's @Saeren

I knew that Synch offered great CLI's which is why I app'd for both cards--theyre the only cards that I thought I would get use of while also hoping they would grow. I didn't realize at the time that the Marvel would be more challenging than other Synch cards, but as you pointed out, it does make sense. I'll certainly be following up with you after you reach 6 months to see if you get a CLI. All the best!