topic Re: Amazon store card question... in Credit Cards

Amazon store card question...

My_Fako — Thu, 11 Feb 2016 00:24:39 GMT

I have a Amazon prime store card... Limit only $3500. The past month I bought a new iMac 5k 27....

My Question is my statement. Cuts on the 13th. Want to pay it off. I called and they said I would need to make the payment tonight by 11:59. I'm wondering how long usually it takes them to take payment out... Some of my Cards like Barclays is really fast. Then some take 3 or 4 days to take funds out of bank. I owe around $2300 have only like $2100 today. I can get the rest in a day or two.. Anyone remember how long they usually take to remove funds on a avg?

My overall utilization sits at about 6%, but I have a few store cards with small balances. Except Amazon. I'll have no problems paying off the other one in time of reporting.

Just might apply for a new account or two next month. Have all my bank cards paid off. Just need to pay off a few store cards this month to, boost score as much as possible.

Any advise on Thier experiences with Amazon (Synchrony) would be much appreciated!

Re: Amazon store card question...

My_Fako — Thu, 11 Feb 2016 00:57:45 GMT

Time sensitive. Lol

Re: Amazon store card question...

SLO805 — Thu, 11 Feb 2016 01:01:53 GMT

just pay what you can asap. You're worried about a few hundred bucks carrying over as Util? IMO pay the remainder when you can which shouldnt be detrimental if youre not app'ing for a few months.

Re: Amazon store card question...

My_Fako — Thu, 11 Feb 2016 01:13:57 GMT

Apping next month. I'm OCD when it comes to paying PIF.

Re: Amazon store card question...

Kevin86475391 — Thu, 11 Feb 2016 01:20:29 GMT

@My_Fako wrote:
Apping next month. I'm OCD when it comes to paying PIF.

Thats a great habit to get into, but I agree that you should probably only pay the $2100 that you have today and just hold off on the other $200 until you actually have it. Trying to pay more than you have and hoping for slow processing is risky business and could easily result in fees or the entire payment not going through. The extra $200 shouldn't affect your utilization that much and if it does, why not just bite the bullet and hold off one more month before applying for anything new?

Just my advice though. Good luck with whatever you decide!

Re: Amazon store card question...

Anonymous — Thu, 11 Feb 2016 01:24:42 GMT

This might seem obvious, but have you asked them for CLI recently? They have bumped me from $700 to $3000 to $6000 within 3 months total... just because I asked!

Re: Amazon store card question...

My_Fako — Thu, 11 Feb 2016 01:35:16 GMT

I think what is hurting my score a little bit, as I have too many store cards with a small balances. I get paid Friday I would have no problem paying everything. My scores are just a few points away from all being6 70s and I really want a travel card and,I have no inquiries for 18 months on the Exp. The only thing holding my scores down are 3 /4 year old ca's which I've been fighting. But Verizon and Anfi won't seen to give me a break.

I've had 2 Cap1 cards for 4 or 5 years with good spend. One is a Qs had upgraded to no fee version $4500 limit. And my other is a Plat $2750 due for a increase in a few weeks. Been putting all the spend I can on it, to hope for a decent increase. Then going to combine cards. Does this help with cap1 internal score? Would love to have a Venture. But I have have never had a pre qualify offer on their sign in the past 10 years. I stay in hotels a lot for work and get reimbursed.

Re: Amazon store card question...

My_Fako — Thu, 11 Feb 2016 03:04:57 GMT

Ya, I asked a couple of months ago. They raised me to $3500. Asked again a month ago no go. Tu was at 653 then. Just checked it's at 657 now. Don't know if 657 is high enough for another increase? I did just spend a couple of thousand and just paid in full. So maybe that might help me? Think I have a shot after my payment payment posts and I'll have. 0bl again.

Anyone with. 657 Tu get them to raise higher than $3500?

Re: Amazon store card question...

Anonymous — Thu, 11 Feb 2016 03:09:29 GMT

@My_Fako wrote:
Ya, I asked a couple of months ago. They raised me to $3500. Asked again a month ago no go. Tu was at 653 then. Just checked it's at 657 now. Don't know if 657 is high enough for another increase? I did just spend a couple of thousand and just paid in full. So maybe that might help me? Think I have a shot after my payment payment posts and I'll have. 0bl again.

Anyone with. 657 Tu get them to raise higher than $3500?

I'm no expert but it seems like 675 is the sweet spot to get another CLI to $5K.

Re: Amazon store card question...

Closingracer99 — Thu, 11 Feb 2016 13:18:03 GMT

@My_Fako wrote:
I think what is hurting my score a little bit, as I have too many store cards with a small balances. I get paid Friday I would have no problem paying everything. My scores are just a few points away from all being6 70s and I really want a travel card and,I have no inquiries for 18 months on the Exp. The only thing holding my scores down are 3 /4 year old ca's which I've been fighting. But Verizon and Anfi won't seen to give me a break.

I've had 2 Cap1 cards for 4 or 5 years with good spend. One is a Qs had upgraded to no fee version $4500 limit. And my other is a Plat $2750 due for a increase in a few weeks. Been putting all the spend I can on it, to hope for a decent increase. Then going to combine cards. Does this help with cap1 internal score? Would love to have a Venture. But I have have never had a pre qualify offer on their sign in the past 10 years. I stay in hotels a lot for work and get reimbursed.

Having a bunch of store card with low limits isn't going to hurt your score unless you are showing them as maxed out...

Re: Amazon store card question...

Closingracer99 — Thu, 11 Feb 2016 13:19:13 GMT

@Anonymous wrote:
@My_Fako wrote:
Ya, I asked a couple of months ago. They raised me to $3500. Asked again a month ago no go. Tu was at 653 then. Just checked it's at 657 now. Don't know if 657 is high enough for another increase? I did just spend a couple of thousand and just paid in full. So maybe that might help me? Think I have a shot after my payment payment posts and I'll have. 0bl again.

Anyone with. 657 Tu get them to raise higher than $3500?
I'm no expert but it seems like 675 is the sweet spot to get another CLI to $5K.

score isnt everything....have to take into income and your other credit.

Re: Amazon store card question...

takeshi74 — Thu, 11 Feb 2016 16:25:49 GMT

@My_Fako wrote:
Apping next month. I'm OCD when it comes to paying PIF.

That's not OCD. Focus on your revolving utilization versus just obsessing over PIF. If you can't get it down to 0 this cycle you can do so on the next cycle. Number of reporting balances plays a part but revolving utilization has a bigger impact.

@My_Fako wrote:
The only thing holding my scores down are 3 /4 year old ca's which I've been fighting. But Verizon and Anfi won't seen to give me a break.

That's your biggest issue. Also consider the relative weights of factors. If you want to obsess then obsess over your derogs. One balance reporting is nothing compared to this.

@My_Fako wrote:

I've had 2 Cap1 cards for 4 or 5 years with good spend. One is a Qs had upgraded to no fee version $4500 limit. And my other is a Plat $2750 due for a increase in a few weeks. Been putting all the spend I can on it, to hope for a decent increase. Then going to combine cards. Does this help with cap1 internal score?

Do not rely so much on usage. It may help to some small degree in some cases but your entire creditor profile and your income are always the primary considerations.

@My_Fako wrote:
But I have have never had a pre qualify offer on their sign in the past 10 years.

Do not rely on prequals.

@My_Fako wrote:
Anyone with. 657 Tu get them to raise higher than $3500?

Stated above but, again, it is never just about score.

Re: Amazon store card question...

BallBounces — Fri, 12 Feb 2016 17:48:27 GMT

@My_Fako wrote:
I have a Amazon prime store card... Limit only $3500. The past month I bought a new iMac 5k 27....

My Question is my statement. Cuts on the 13th. Want to pay it off. I called and they said I would need to make the payment tonight by 11:59. I'm wondering how long usually it takes them to take payment out... Some of my Cards like Barclays is really fast. Then some take 3 or 4 days to take funds out of bank. I owe around $2300 have only like $2100 today. I can get the rest in a day or two.. Anyone remember how long they usually take to remove funds on a avg?

My overall utilization sits at about 6%, but I have a few store cards with small balances. Except Amazon. I'll have no problems paying off the other one in time of reporting.

Just might apply for a new account or two next month. Have all my bank cards paid off. Just need to pay off a few store cards this month to, boost score as much as possible.

Any advise on Thier experiences with Amazon (Synchrony) would be much appreciated!

I know it is too late for your scenario, but, let me just say that SynchAmazon is my hinkiest when it comes to delays with purchases and especially payments. They always get sorted eventually, but the path they take is often a strange one. It seems payments take more than a few days to post, available balances are arbitrarily weird, reflecting neither pending purchases nor pending payments nor cleared ones. Once my available credit was off by an inexplicable 25 dollars for a week with no pending charges or payments. It magically corrected, as it has every time.

That said, the liberal CLI of this card, paired with my now 5% discount can not be beat.