topic Re: Amazon store card - synchrony in Credit Card Applications

Amazon store card - synchrony

T_Lab_89 — Sat, 14 Mar 2020 23:00:28 GMT

So I got the Amazon Store Card back in December (ish). Early I believe. I've used it and pay it off full when I do. However I went to request a credit limit increase (currently at $700.00) but I get the 7-10 message. I've tried a few times a few days apart with different amounts (small and mediocre) so I decided to call the backdoor number to request it. The lady said I'm not eligible at this time and would find out why in the mail. Is there some wait period? 90 days? I know the letter will give me a reason but I figured there was a wait period. Any thoughts? The way she said it was like there was something stopping me on my report.

Re: Amazon store card - synchrony

M_Smart007 — Sun, 15 Mar 2020 00:00:48 GMT

Probably a minimum of 90 days .. but some have had success earlier I think? YMMV

I usually wait 6 Months on Synch accts. and have been pretty successful at that.

Maybe others will Chime in with More solid advice Like @Jnbmom , @GApeachy or @Anonymous

Good luck OP!

Re: Amazon store card - synchrony

Anonymous — Sun, 15 Mar 2020 00:44:44 GMT

Just realized I never responded to your PM, sorry. It's been a bit crazy around here.

What is your VS4 score? Sync is using VS4 for CLI decisions and those scores can be quite a bit different from FICO at times.

I would just wait for the letter. Sync will tell you if you asked too soon on the letter.

Re: Amazon store card - synchrony

addicted_to_credit — Sun, 15 Mar 2020 00:47:43 GMT

@T_Lab_89 wrote:
So I got the Amazon Store Card back in December (ish). Early I believe. I've used it and pay it off full when I do. However I went to request a credit limit increase (currently at $700.00) but I get the 7-10 message. I've tried a few times a few days apart with different amounts (small and mediocre) so I decided to call the backdoor number to request it. The lady said I'm not eligible at this time and would find out why in the mail. Is there some wait period? 90 days? I know the letter will give me a reason but I figured there was a wait period. Any thoughts? The way she said it was like there was something stopping me on my report.

I haven't had any issues every 3 months pretty much like clockwork when it comes to requesting and receiving a cli. What is your vantage score 4 provided by sync when you login via web browser?

Re: Amazon store card - synchrony

GApeachy — Sun, 15 Mar 2020 00:58:26 GMT

@Anonymous wrote:
Sync is using VS4 for CLI decisions and those scores can be quite a bit different from FICO at times.

I would just wait for the letter.

Actually, all of my CLI's occured when my VS4 scores were in the high 700's. All of my denials occur when my VS4 scores are in the mid to low 700's. Hating me some VS4! Careful OP....Synch likes to hide the CLI button too. They play tricks with me, then I call them

Re: Amazon store card - synchrony

GApeachy — Sun, 15 Mar 2020 01:01:15 GMT

@addicted_to_credit wrote:

I haven't had any issues every 3 months pretty much like clockwork when it comes to requesting and receiving a cli. What is your vantage score 4 provided by sync when you login via web browser?

What's yours?!?.....dad gum, your VS4 doesn't have mood swings?

Re: Amazon store card - synchrony

addicted_to_credit — Sun, 15 Mar 2020 01:19:50 GMT

There you go MS. Peachy

Re: Amazon store card - synchrony

GApeachy — Sun, 15 Mar 2020 01:25:07 GMT

Steady Eddy.....solid. Mine looks like a slinky going down the stairs and then back up the stairs, then down the stairs, then back up the stairs, then down, then up, then....you get the picture.

Re: Amazon store card - synchrony

Meanmchine — Sun, 15 Mar 2020 01:52:09 GMT

IIRC Synchrony was CLI via the luv button or chat or rep after third statement cuts. Credit Solutions could approve you at any time

Re: Amazon store card - synchrony

T_Lab_89 — Sun, 15 Mar 2020 02:03:07 GMT

@Meanmchine wrote:
IIRC Synchrony was CLI via the luv button or chat or rep after third statement cuts. Credit Solutions could approve you at any time

My 3rd statement cut a few days ago. That's when I tried. I'm looking for my VS4 score now.

Re: Amazon store card - synchrony

T_Lab_89 — Sun, 15 Mar 2020 02:11:20 GMT

@T_Lab_89 wrote:
@Meanmchine wrote:
IIRC Synchrony was CLI via the luv button or chat or rep after third statement cuts. Credit Solutions could approve you at any time
My 3rd statement cut a few days ago. That's when I tried. I'm looking for my VS4 score now.

Wow it's a 604. Why can't they all use the same scoring model lol....

Re: Amazon store card - synchrony

addicted_to_credit — Sun, 15 Mar 2020 12:43:30 GMT

@T_Lab_89 wrote:
@T_Lab_89 wrote:
@Meanmchine wrote:
IIRC Synchrony was CLI via the luv button or chat or rep after third statement cuts. Credit Solutions could approve you at any time
My 3rd statement cut a few days ago. That's when I tried. I'm looking for my VS4 score now.
Wow it's a 604. Why can't they all use the same scoring model lol....

that could be some of the problem OP, what are the reasons listed below the score for it being so low?

Re: Amazon store card - synchrony

T_Lab_89 — Sun, 15 Mar 2020 13:39:34 GMT

@addicted_to_credit wrote:
@T_Lab_89 wrote:
@T_Lab_89 wrote:
@Meanmchine wrote:
IIRC Synchrony was CLI via the luv button or chat or rep after third statement cuts. Credit Solutions could approve you at any time
My 3rd statement cut a few days ago. That's when I tried. I'm looking for my VS4 score now.
Wow it's a 604. Why can't they all use the same scoring model lol....

that could be some of the problem OP, what are the reasons listed below the score for it being so low?

I'm paraphrasing but it was no mortgage loan and too many inquiries

Re: Amazon store card - synchrony

seattletravels — Sun, 15 Mar 2020 14:07:31 GMT

Sorry you aren't eligible! Give Synchrony some time and you should see some pretty large increases on that card!

Re: Amazon store card - synchrony

T_Lab_89 — Sun, 15 Mar 2020 14:12:34 GMT

@seattletravels wrote:
Sorry you aren't eligible! Give Synchrony some time and you should see some pretty large increases on that card!

I have student loans and just finished a self lender. Just out of curiosity but how does a mortgage loan correlate to a credit increase lol?

Re: Amazon store card - synchrony

M_Smart007 — Sun, 15 Mar 2020 14:40:11 GMT

@T_Lab_89 wrote:
@seattletravels wrote:
Sorry you aren't eligible! Give Synchrony some time and you should see some pretty large increases on that card!
I have student loans and just finished a self lender. Just out of curiosity but how does a mortgage loan correlate to a credit increase lol?

It is a stupid Vantage 4.0 reason code .. I guess whoever slapped it together .. assumed if you did not have a mortgage you were more likely to default

The first reason listed is most likely why you were denied .. they just throw more rocks for good measure.

hope that helps to understand things?

Re: Amazon store card - synchrony

M_Smart007 — Sun, 15 Mar 2020 14:43:24 GMT

I am guessing that this is the main reason for denial .. "too many inquiries"

Re: Amazon store card - synchrony

Anonymous — Sun, 15 Mar 2020 17:21:13 GMT

That is the lowest score I've ever heard of for Vantage with those two reason codes. There's nothing else going on like high utilization?

Re: Amazon store card - synchrony

T_Lab_89 — Sun, 15 Mar 2020 18:03:27 GMT

@Anonymous wrote:
That is the lowest score I've ever heard of for Vantage with those two reason codes. There's nothing else going on like high utilization?

Nope. I cleaned my profile up. Utilization is at like 4%?

Re: Amazon store card - synchrony

T_Lab_89 — Fri, 20 Mar 2020 19:52:36 GMT

@T_Lab_89 wrote:
@Anonymous wrote:
That is the lowest score I've ever heard of for Vantage with those two reason codes. There's nothing else going on like high utilization?
Nope. I cleaned my profile up. Utilization is at like 4%?

I got the letter today. Says insufficient experience at your current credit limit. Fun!