topic Re: Sam's MC in Credit Cards

Sam's MC

DigitalArk — Tue, 09 Dec 2014 06:41:43 GMT

Will they reduce the APR? Mine is 22.5%.

Re: Sam's MC

Anonymous — Tue, 09 Dec 2014 06:43:46 GMT

When did you open the account? How is your credit history?

Re: Sam's MC

Anonymous — Tue, 09 Dec 2014 06:49:07 GMT

Doubtful, which is why I wont app this card yet. Once you are pegged into tier 2 it is hard to get moved up to tier 1 (13.99%)

Re: Sam's MC

DigitalArk — Tue, 09 Dec 2014 06:50:30 GMT

I just opened it, 20 mins ago. Too many new accounts. Approved 2500, CLI to only 4500. Rep said it was a soft pull.

Re: Sam's MC

FinStar — Tue, 09 Dec 2014 07:16:12 GMT

SYNCB will not reduce your APR. If you qualified for the highest tier, you're stuck. On the off-chance they review some account portfolios (similarly to eBay MC or PayPal Extras MC), then there's a slight possibility they may do so in the future but don't count on it in the short term... Pretty much what Nixon mentioned above.

Re: Sam's MC

DigitalArk — Tue, 09 Dec 2014 16:35:48 GMT

Maybe I will cancel it and reapply again in the future...

Re: Sam's MC

FinStar — Tue, 09 Dec 2014 20:36:20 GMT

@DigitalArk wrote:
Maybe I will cancel it and reapply again in the future...

What if you don't qualify for that tier in the future? You already took the HP as well as the AAoA hit. Were you really planning on carrying balances on this card? If you PIF, then the APR shouldn't really matter, given that most SYNCB co-branded cards already have high APRs as it is. Your credit profile has to be within the excellent range to obtain their lowest tiers.

Re: Sam's MC

Anonymous — Tue, 09 Dec 2014 20:33:40 GMT

Looks like im gonna be waiting a while...

Re: Sam's MC

thelethargicage — Tue, 09 Dec 2014 22:46:21 GMT

Hmm, sounds like Chase.

Is this card available as a World MC?

Re: Sam's MC

FinStar — Tue, 09 Dec 2014 22:50:08 GMT

@thelethargicage wrote:
Hmm, sounds like Chase.

Is this card available as a World MC?

Short answer. No. This might be an outlier for matching up with the rest of your other ones.

Re: Sam's MC

thelethargicage — Tue, 09 Dec 2014 22:53:30 GMT

Oh well, I don't even shop there.