topic Does Synchrony Blacklist? Lowe's Prequalification with Specific APR in Credit Card Applications

Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

jamerican-girl — Wed, 17 Aug 2022 13:27:59 GMT

I was prequalified for a Lowe's card with a specific APR and limit. I had an Amazon store card a few years ago and it was closed because I had two returned ACH payments. Long story short, I had some financial issues at the time and messed up. I paid off the account in full. Does anyone know if the problem with the Amazon card will lead to an automatic denial for the Lowe's card? I have a Care Credit card and got a CLI this morning for $1500, bringing the CL on the card to $2000.

Any respone would be greatly appreciated. Afraid to pull the trigger and submit the application.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

Lou-natic — Wed, 17 Aug 2022 13:32:39 GMT

If Synch didn't close your Care Credit then you aren't "blacklisted".

If they didn't like you not only would they have not given you a CLI on that account but they would have shut it down.

That doesn't mean they'll approve you for more credit however...When they gave you that $1,500 CLI did you ask for more and that's all they would give you or did you actually ask for $1,500 or less?

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

jamerican-girl — Wed, 17 Aug 2022 13:42:52 GMT

Thank you for your response. Got it on the blacklist response. I asked for $2,000 and they gave me $1,500 on the Care Credit card this morning.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

Lou-natic — Wed, 17 Aug 2022 13:48:36 GMT

If I had to hazard a guess, if you are approved for a Lowes card be prepared for a $500 starting limit. If that sounds okay to you go ahead and give it a shot.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

coldfusion — Wed, 17 Aug 2022 13:51:10 GMT

If you were on their blocklist they would have closed all your cards.

If you were currently on their Really Naughty list they wouldn't have given you that CLI.

The CLI may or may not have an effect on a card application but there's no way of predicting for sure what if any impact that would have.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

Lou-natic — Wed, 17 Aug 2022 13:56:44 GMT

I'm curious to see where this goes as she did say they gave her a pre-qual with "specific APR and limit".

Having said that, it's Synch so...that APR is gonna be high unless it's a promo purchase for sure. Curious what limit they gave in that "pre-qual".

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

jamerican-girl — Wed, 17 Aug 2022 14:17:46 GMT

@Lou-natic wrote:
I'm curious to see where this goes as she did say they gave her a pre-qual with "specific APR and limit".
Having said that, it's Synch so...that APR is gonna be high unless it's a promo purchase for sure. Curious what limit they gave in that "pre-qual".

They gave me $2,000 in the pre-qualification with a 26.99% APR.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

jamerican-girl — Wed, 17 Aug 2022 14:25:07 GMT

Just hit submit and got a 7-10 day notice. Maybe a denial? I've gotten a few new accounts in the last six months.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

Lou-natic — Wed, 17 Aug 2022 14:34:49 GMT

Okay did they give you a reference number with that message? If so call the recon line and see what they say.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066

Credit Analyst/Credit Solutions I think is the number you want to use.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

jamerican-girl — Wed, 17 Aug 2022 14:38:40 GMT

@Lou-natic wrote:
Okay did they give you a reference number with that message? If so call the recon line and see what they say.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066
Credit Analyst/Credit Solutions I think is the number you want to use.

Lou-natic,

Yes, I got a reference number. I will give them a call and post what they tell me. Thank you so much.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

Jnbmom — Wed, 17 Aug 2022 14:41:02 GMT

@Lou-natic wrote:
Okay did they give you a reference number with that message? If so call the recon line and see what they say.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066
Credit Analyst/Credit Solutions I think is the number you want to use.

@Lou-natic If it is a denial synchrony does not recon .

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

jamerican-girl — Wed, 17 Aug 2022 14:55:51 GMT

@jamerican-girl wrote:
@Lou-natic wrote:
Okay did they give you a reference number with that message? If so call the recon line and see what they say.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066
Credit Analyst/Credit Solutions I think is the number you want to use.
Lou-natic,

Thank you for the link. I gave them a call and was told I needed to go to verify.syf.com and complete that and then call them back. The rep I spoke with told me I had 24 hours to complete that step. Will do it today and see what happens.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

Lou-natic — Wed, 17 Aug 2022 15:08:38 GMT

Excellent news! If you were flat out denied then they would have told you that on the phone and adivsed you to wait for the letter in the mail explaining why.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

jamerican-girl — Wed, 17 Aug 2022 15:14:42 GMT

@Lou-natic wrote:
Excellent news! If you were flat out denied then they would have told you that on the phone and adivsed you to wait for the letter in the mail explaining why.

Thank you! Will update once I complete the verification and call them back. Thank you so much again.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

coldfusion — Wed, 17 Aug 2022 16:21:24 GMT

@Lou-natic wrote:
Okay did they give you a reference number with that message? If so call the recon line and see what they say.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066
Credit Analyst/Credit Solutions I think is the number you want to use.

The Credit Solutions group doesn't process reconfiguration attempts, as @Jnbmom mentioned upthread Synchrony does not recon. Their primary usefulness to cardholders is their ability to approve CLIs that boost a CL past $10K.

The Lowe's card is an exception to Synchrony's general and reasonably firm rule that the maximum CL a card can grow to via online CLI requests is $10K.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

jamerican-girl — Wed, 17 Aug 2022 18:47:07 GMT

I went through the verification process, got the PIN and called Synchrony as I was told by the second rep. I'm pleased to say I was approved for $2,000! Thank you to everyone for your input and suggestions. Much appreciated.

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

Priory_Man — Wed, 17 Aug 2022 19:07:11 GMT

Congrats

Re: Does Synchrony Blacklist? Lowe's Prequalification with Specific APR

gdale6 — Wed, 17 Aug 2022 22:10:16 GMT

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Lowe-s-Approval-After-Verification/m-p/6580040