topic Re: If you don't think Synchrony has an exposure limit, this is for you in Credit Cards

If you don't think Synchrony has an exposure limit, this is for you

12njoy — Sun, 01 Nov 2015 00:42:50 GMT

Previously, I closed my Stash credit card and there was some debate as to why. I had requested a cli before I closed it and received the denial letter today. For informational purposes only. I'm not looking to reopen Stash card and/or apply for any additional credit with Synchrony. I currently have 100k exposure with Synchrony now.

Re: If you don't think Synchrony has an exposure limit, this is for you

Anonymous — Sun, 01 Nov 2015 00:46:03 GMT

The well has dried up.

Re: If you don't think Synchrony has an exposure limit, this is for you

Anonymous — Sun, 01 Nov 2015 00:46:27 GMT

@12njoy wrote:
Previously, I closed my Stash credit card and there was some debate as to why. I had requested a cli before I closed it and received the denial letter today. For informational purposes only. I'm not looking to reopen Stash card and/or apply for any additional credit with Synchrony. I currently have 100k exposure with Synchrony now.

Well, there is the proof! Thanks for posting, 12njoy!

Re: If you don't think Synchrony has an exposure limit, this is for you

12njoy — Sun, 01 Nov 2015 00:54:14 GMT

@Musiclover,

You're welcome. The proof is in the pudding

Re: If you don't think Synchrony has an exposure limit, this is for you

12njoy — Sun, 01 Nov 2015 00:56:59 GMT

@Anonymous wrote:
The well has dried up.

For me anyway. Others are drinking just fine

Re: If you don't think Synchrony has an exposure limit, this is for you

pizza1 — Sun, 01 Nov 2015 02:30:05 GMT

Could that mean total number of cards or exposure?? ..mmmmm, darn it, lol

Re: If you don't think Synchrony has an exposure limit, this is for you

12njoy — Sun, 01 Nov 2015 02:33:25 GMT

@pizza1 wrote:
Could that mean total number of cards or exposure?? ..mmmmm, darn it, lol

Unfortunately,

For me it's the exposure.

Re: If you don't think Synchrony has an exposure limit, this is for you

fury1995 — Sun, 01 Nov 2015 02:35:52 GMT

@12njoy wrote:
@pizza1 wrote:
Could that mean total number of cards or exposure?? ..mmmmm, darn it, lol
Unfortunately,

For me it's the exposure.

Time to reorganize your Sync accounts.

New challenge.. take two to $35K and one to $30K!

Go now.. CHOOSE WISELY!

Re: If you don't think Synchrony has an exposure limit, this is for you

Anonymous — Sun, 01 Nov 2015 03:12:13 GMT

I think it makes a difference if you are at 100k or 50k total with Synchrony, as 12njoy is saying. I don't wish to go to 100k with Synchrony, but that is my choice.

12njoy, you have gotten some truly amazing cards recently and I think your decision worked out really well for you. You did well.

Thank you for sharing this really helpful information.

Re: If you don't think Synchrony has an exposure limit, this is for you

12njoy — Sun, 01 Nov 2015 03:44:07 GMT

@fury1995 wrote:
@12njoy wrote:
@pizza1 wrote:
Could that mean total number of cards or exposure?? ..mmmmm, darn it, lol
Unfortunately,

For me it's the exposure.
Time to reorganize your Sync accounts.

New challenge.. take two to $35K and one to $30K!

Go now.. CHOOSE WISELY!

Reorganization won't help with anything at this point. Whether I have 6 cards with a total of 100k or 3 at 100k, I'm sure they'll see them all the same. I'm not really worried about it. The issue was that I was over 100k and trying to stay beneath the radar.

Re: If you don't think Synchrony has an exposure limit, this is for you

12njoy — Sun, 01 Nov 2015 03:45:08 GMT

@Anonymous wrote:
I think it makes a difference if you are at 100k or 50k total with Synchrony, as 12njoy is saying. I don't wish to go to 100k with Synchrony, but that is my choice.

12njoy, you have gotten some truly amazing cards recently and I think your decision worked out really well for you. You did well.

Thank you for sharing this really helpful information.

You're correct my friend.

Re: If you don't think Synchrony has an exposure limit, this is for you

Anonymous — Sun, 01 Nov 2015 12:41:05 GMT

Thanks for sharing 12njoy!

Re: If you don't think Synchrony has an exposure limit, this is for you

Anonymous — Sun, 01 Nov 2015 17:22:05 GMT

Sorry sorry to hear this. Had your Stash card hit your credit reports? Today when reviewing my CR, Stash had already reported to all 3 bureaus, this was within a couple of days after approval. You are a true Trailblazer, thanks for sharing! Sorry you had to learn about their cap this way. It would have been good business practice for Synchrony to send you a letter indicating that you were approaching their maximum exposure limit. It would've allowed you to make the best decision for yourself and I'm sure you would'nt have wasted a TU inquiry. Wow, really sorry to hear this.

Re: If you don't think Synchrony has an exposure limit, this is for you

12njoy — Sun, 01 Nov 2015 16:36:54 GMT

@Anonymous wrote:
Sorry sorry to hear this. Had your Stash card hit your credit reports? Today when reviewing my CR, Stash had already reported to all 3 bureaus, this was within a couple of days after approval. You are a true Trailblazer, thanks for sharing! Sorry you had to learn about their cap this way. It would have been good business practice for Synchrony to Sen. You a letter indicating that you were approaching their maximum exposure limit. It would've allowed you to make the best decision for yourself and I'm sure you would'nt have wasted a TU inquiry. Wow, really sorry to hear this.

Thanks. It's okay though. It did hit my reports. You can go over 100k with approval of new accounts. I just closed it to try and stay under the review possibility

Re: If you don't think Synchrony has an exposure limit, this is for you

B335is — Sun, 01 Nov 2015 17:20:53 GMT

I don't think this really constitutes a 100k red line that Synchrony won't cross, just that it happens to be Synchrony's red line for 12njoy. I got a similar letter from Chase a few months ago and many people have more than the 50k exposure I have with Chase.

100k seems to be the magic number in many cases with Synchrony though (and has been for years).

Re: If you don't think Synchrony has an exposure limit, this is for you

12njoy — Sun, 01 Nov 2015 17:42:43 GMT

@B335is wrote:
I don't think this really constitutes a 100k red line that Synchrony won't cross, just that it happens to be Synchrony's red line for 12njoy. I got a similar letter from Chase a few months ago and many people have more than the 50k exposure I have with Chase.

100k seems to be the magic number in many cases with Synchrony though (and has been for years).

It does constitute proof (in my eyes anyway) that a cli won't yield anything over 100k on manual review which was what I was saying. You can go over 100k if approved for new card. I'm just trying to stay under the radar. You can go over 100k bur not on manual review.

Re: If you don't think Synchrony has an exposure limit, this is for you

Anonymous — Sun, 01 Nov 2015 17:49:32 GMT

@B335is wrote:
I don't think this really constitutes a 100k red line that Synchrony won't cross, just that it happens to be Synchrony's red line for 12njoy. I got a similar letter from Chase a few months ago and many people have more than the 50k exposure I have with Chase.

100k seems to be the magic number in many cases with Synchrony though (and has been for

Reread earlier post, removed my comment

Re: If you don't think Synchrony has an exposure limit, this is for you

B335is — Sun, 01 Nov 2015 21:15:21 GMT

@12njoy wrote:
@B335is wrote:
I don't think this really constitutes a 100k red line that Synchrony won't cross, just that it happens to be Synchrony's red line for 12njoy. I got a similar letter from Chase a few months ago and many people have more than the 50k exposure I have with Chase.

100k seems to be the magic number in many cases with Synchrony though (and has been for years).
It does constitute proof (in my eyes anyway) that a cli won't yield anything over 100k on manual review which was what I was saying. You can go over 100k if approved for new card. I'm just trying to stay under the radar. You can go over 100k bur not on manual review.

Oh I definitely agree on it in your case. 100k has more or less been somewhat of an urban legend with Synchrony and formerly GECRB. As you said earlier you hit that threshold with them. hopefully you don't have to worry about a potential FR - I think you've taken all the steps I can think of to do so.

Re: If you don't think Synchrony has an exposure limit, this is for you

taxi818 — Sun, 01 Nov 2015 21:54:07 GMT

@Anonymous wrote:
I think it makes a difference if you are at 100k or 50k total with Synchrony, as 12njoy is saying. I don't wish to go to 100k with Synchrony, but that is my choice.

12njoy, you have gotten some truly amazing cards recently and I think your decision worked out really well for you. You did well.

Thank you for sharing this really helpful information.

+1 don't want 100k with sync. current at 25k maybe another 25k will do it.