topic Re: Synchrony Question in Credit Cards

Synchrony Question

ccpat — Sat, 27 Aug 2016 02:53:43 GMT

I'm getting nervous. I have only $38,000 exposure but I'm nervous. I have about $7000 (American Eagle and Gap) that I don't use. If I close them will that lesson my chance of any AA or should I leave it alone.

Re: Synchrony Question

Discover2016 — Sat, 27 Aug 2016 03:38:10 GMT

@ccpat wrote:
I'm getting nervous. I have only $38,000 exposure but I'm nervous. I have about $7000 (American Eagle and Gap) that I don't use. If I close them will that lesson my chance of any AA or should I leave it alone.

It's really hard to say if reducing your exposure to 31k will reduce your AA risks, it couldn't hurt though and it's probably the wise thing to do. Just a few minutes ago I saw in the approval section people getting massive CLI's on synchrony accounts by calling a foreign CSR number, I just don't get it, especially with synch so paranoid lately.

Re: Synchrony Question

AverageJoesCredit — Sat, 27 Aug 2016 03:41:56 GMT

I personally would not rock any boats. Use your cards like normal but just be aware that things like requesting cli may bring more attention to your accounts,etc. Not saying this is the case or will bring bad things upon you, its just i believe one should act normal with their credit cards . If they do send you a blue envelope, then you can decide whether its worth it or not. I myself am going to keep using my cards like normal but am going to refrain from seeking anymore credit line increases until i can get my profile stronger If i ever fall into the too much exposure gotta give tax info category i will give em a thanks for knowing ya wave before the door shuts in their face.

Re: Synchrony Question

AverageJoesCredit — Sat, 27 Aug 2016 03:49:41 GMT

@discover2016, when i hear talk of the foreign Csr number i sometimes get confused. That number is the only number ive ever called when i called to request cli. Never called one with Americsn Csr unless it was for Pep Boys but thats not really credit solutions

I just look at it if you have a set limit already, well the damage so to speak is already done. No use in drawing more attention to your accounts. There was a recent post where one poster actually started closing accounts or decreasing his/her exposure and then they hit them with a 4506 t request so you never know. It is indeed troublesome though.

Re: Synchrony Question

creditguy — Sat, 27 Aug 2016 03:53:55 GMT

Do not poke bears, do not poke bee hives, do not bother lying dogs and do not disturb synchrony, nothing good can come from any of those scenarios.

Re: Synchrony Question

ccpat — Sat, 27 Aug 2016 04:01:50 GMT

Thanks all!! I think I like the 'Do not poke' advice. I guess I'm going to lay low and do nothing since there's no consensus that anything is guaranteed.

Re: Synchrony Question

Anonymous — Sat, 27 Aug 2016 04:12:07 GMT

She looks like bacon at this point.

Re: Synchrony Question

Anonymous — Sat, 27 Aug 2016 04:48:06 GMT

@creditguy wrote:
Do not poke bears, do not poke bee hives, do not bother lying dogs and do not disturb synchrony, nothing good can come from any of those scenarios.

+1000

I don't have any sync cards, but a recurring theme I have witnessed with Sync since becoming a member of this forum is: 1) lots of quick approvals on multiple cards, 2) lots of quick cli and 3) lots of AA (accounts closed without notice).

While we don't know what the exact trigger point is, there is a trigger.

Becareful.

Re: Synchrony Question

UncleB — Sat, 27 Aug 2016 11:09:42 GMT

@Justagirl73 wrote:
@creditguy wrote:
Do not poke bears, do not poke bee hives, do not bother lying dogs and do not disturb synchrony, nothing good can come from any of those scenarios.

+1000
I don't have any sync cards, but a recurring theme I have witnessed with Sync since becoming a member of this forum is: 1) lots of quick approvals on multiple cards, 2) lots of quick cli and 3) lots of AA (accounts closed without notice).
While we don't know what the exact trigger point is, there is a trigger.
Becareful.

In a few cases, the only thing that seemed to be 'notable' was that an AU had been recently added.

In any case, I don't plan to 'reach out' to them for any reason, and I'm talking CLI, AU, and even CLD... I'm simply leaving things alone.

I could still be impacted (like any of us could be) but since there's nothing that can be done at this point I'm not going to worry over it.

Re: Synchrony Question

Anonymous — Sat, 27 Aug 2016 13:18:55 GMT

@creditguy wrote:
Do not poke bears, do not poke bee hives, do not bother lying dogs and do not disturb synchrony, nothing good can come from any of those scenarios.

+1. Best to let sleeping dogs lie at this point.

I'm not even changing my account alerts and not changing my payment dates at this point, and I wouldn't change e-mail or other information. Not drawing attention to anything. None of us can say for certain if it would cause attention to account, but I'm not playing.