topic Re: When can I apply for a new Sync card after blue envelope in Credit Cards

When can I apply for a new Sync card after blue envelope

Anonymous — Tue, 03 Jan 2017 21:12:06 GMT

Hi All!

I was one that received the blue envelope on my 6 sync cards and closed them all 3 months ago. My question is, how long should I wait before attempting to apply with them again? I really miss my walmart and gap cards. I dont want to deal with this envelope situation again and realize where all my calls to CS and rate of new accounts I opened with them was damaging.

Any information is appreciated.

Re: When can I apply for a new Sync card after blue envelope

gdale6 — Tue, 03 Jan 2017 22:54:41 GMT

Moving to credit card forum for better coverage

Re: When can I apply for a new Sync card after blue envelope

pizza1 — Tue, 03 Jan 2017 23:04:34 GMT

Depends...

Did they (synch) close your cards, or did you close them after you got the blue envelope?

If they closed them, Id wait 6 months after it was closed.

If you closed them, they have a policy of 1yr, that you can't reapply and get the same card within 1yr from when you closed it. For ex....you closed your Gap card 3 months ago, you can't reapply for this card again for 9 more months.

Re: When can I apply for a new Sync card after blue envelope

austinguy907 — Tue, 03 Jan 2017 23:07:08 GMT

You say you don't want to deal with another blue envelope yet you want to go back to the ones that mailed it to you. Find someone else that satiates that appetite for destruction.

Re: When can I apply for a new Sync card after blue envelope

Anonymous — Tue, 03 Jan 2017 23:50:01 GMT

I closed all but 1, they closed my amazon account. All were paid before closure and i want my walmart back. Gap, I dont care about... walmart and Amazon i would like. Plus Sync seems to be the bank behind a lot of popular stores these days. I was at JCpenney the other day and realized sync does them too! Thank goodness I didnt app.

Re: When can I apply for a new Sync card after blue envelope

Anonymous — Wed, 04 Jan 2017 00:55:36 GMT

This one should be obvious. If you didn't reply to their inquiry to see what your true income is then you'll probably either have to prove your income or not get the card back. You seem to be trying to outsmart the system and they'll be ready for you.

Re: When can I apply for a new Sync card after blue envelope

woodyman100 — Wed, 04 Jan 2017 01:10:20 GMT

@pizza1 wrote:
Depends...

Did they (synch) close your cards, or did you close them after you got the blue envelope?

If they closed them, Id wait 6 months after it was closed.

If you closed them, they have a policy of 1yr, that you can't reapply and get the same card within 1yr from when you closed it. For ex....you closed your Gap card 3 months ago, you can't reapply for this card again for 9 more months.

Pizza,

you are 100% correct about the 1 year rule, however....l started thinking about that sweet 84 month financing Lowes has and apped in November after closing last June. It went pending and showed up a few weeks later😗.

apparently that rule is not as set in stone as Synchrony would have us believe

Re: When can I apply for a new Sync card after blue envelope

pizza1 — Wed, 04 Jan 2017 01:15:01 GMT

@woodyman100 wrote:
@pizza1 wrote:
Depends...

Did they (synch) close your cards, or did you close them after you got the blue envelope?

If they closed them, Id wait 6 months after it was closed.

If you closed them, they have a policy of 1yr, that you can't reapply and get the same card within 1yr from when you closed it. For ex....you closed your Gap card 3 months ago, you can't reapply for this card again for 9 more months.
Pizza,
you are 100% correct about the 1 year rule, however....l started thinking about that sweet 84 month financing Lowes has and apped in November after closing last June. It went pending and showed up a few weeks later😗.
apparently that rule is not as set in stone as Synchrony would have us believe

You're lucky!! I cant believe you got it back, lol! Thats awesome!

Re: When can I apply for a new Sync card after blue envelope

UncleB — Wed, 04 Jan 2017 01:33:38 GMT

@Anonymous wrote:
This one should be obvious. If you didn't reply to their inquiry to see what your true income is then you'll probably either have to prove your income or not get the card back. You seem to be trying to outsmart the system and they'll be ready for you.

To me it's anything but obvious.

If the OP is approved for a new account Synchrony might be perfectly fine with lower exposure without any POI at all. Also I don't recall seeing posts/threads that told about anybody that refused to provide POI (I would refuse as well) being prevented from getting new accounts with Synchrony.

It's not about trying to 'outsmart' Synchrony; it's about getting an account the OP wants while remaining within Synchrony's comfort-zone.

Re: When can I apply for a new Sync card after blue envelope

fltireguy — Wed, 04 Jan 2017 02:22:05 GMT

I opened an old navy account about a month after closing all of my accounts when I had gotten the blue envelope. That lasted about 45 days, and then I got another blue envelope for that account. Which I closed. So, I'm not quite sure. But I did refuse to provide POI to them.

Re: When can I apply for a new Sync card after blue envelope

fltireguy — Wed, 04 Jan 2017 02:23:02 GMT

In the end, I could care less about them. I don't need them, or any of their cards..... Bipolar lenders are not worth having in my wallet

Re: When can I apply for a new Sync card after blue envelope

AverageJoesCredit — Wed, 04 Jan 2017 03:46:32 GMT

Fltireguy, may i interest you in a Barclays? Im sure you will love them

Re: When can I apply for a new Sync card after blue envelope

fltireguy — Wed, 04 Jan 2017 12:06:32 GMT

@AverageJoesCredit wrote:
Fltireguy, may i interest you in a Barclays? Im sure you will love them

AJC- LMAO! I'll gladly split my CL with them again too.. maybe I can get another CLD, this time down to $250 from my current $500 (was originally $1k)

Re: When can I apply for a new Sync card after blue envelope

Boragard — Wed, 04 Jan 2017 12:27:24 GMT

Ok can someone please inform me what a blue envelope is?

Re: When can I apply for a new Sync card after blue envelope

AverageJoesCredit — Wed, 04 Jan 2017 12:58:43 GMT

A blue enevelope is basically a white envelope colored blue and i mean blue cuz if you get one it either means you comply with sending in your tax info to a third party, lexus nexus, or you either close your accounts proactively or Synchrony will do so for you making you feel....Blue .

Re: When can I apply for a new Sync card after blue envelope

UncleB — Wed, 04 Jan 2017 13:35:06 GMT

@AverageJoesCredit wrote:
A blue enevelope is basically a white envelope colored blue and i mean blue cuz if you get one it either means you comply with sending in your tax info to a third party, lexus nexus, or you either close your accounts proactively or Synchrony will do so for you making you feel....Blue .

+1... Well put.

More directly, the last six months or so Synchrony has been known to suspend people's accounts pending income verification via a tax transcript (usually all Synchrony accounts are impacted simultaneously, but not always). It's said that these notifications always come in a 'blue envelope' thus the terminology used around this site.

It's especially discouraging to get a blue envelope because they don't merely want a copy of your paystub; they want you to sign a form agreeing to allow LexisNexis to request a copy of your tax returns directly from the IRS on their behalf. The release gives them permission to get a line-by-line print-out of everything you sent to the IRS, including medical deductions, children's/dependent's social security numbers, etc. It's much more information than just your income.

There have been several 'epic' threads where people have debated back-and-forth the virtue of providing this information, with some having no problem at all and others being dead-set against it, with each group firmly entrenched and convinced their opinion is the 'right' one. In any case, if a cardholder doesn't agree to this their Synchrony accounts will be summarily closed.

(Note that I'm not taking sides on this issue here; if anybody wants to pick the debate back up let's do it somewhere else. Thanks)

Re: When can I apply for a new Sync card after blue envelope

Anonymous — Wed, 04 Jan 2017 14:32:35 GMT

@AverageJoesCredit wrote:
Fltireguy, may i interest you in a Barclays? Im sure you will love them

AJC this literally made me LOL during a conference call Thank you for the pick me up!

OP- i would personally suggest against opening any more cards if you got the BLUE ENVELOPE OF DEATH, but that's just my humble opinion.

Re: When can I apply for a new Sync card after blue envelope

Anonymous — Wed, 04 Jan 2017 14:51:30 GMT

Thank you guys for your input, it is appreciated! I guess I will just stay away from sync, for awhile anyway. It's getting harder as I see so many popular stores are using them for their credit card services. I'll open a QS or Venture card and make that my catch all store card

Re: When can I apply for a new Sync card after blue envelope

AverageJoesCredit — Wed, 04 Jan 2017 16:38:27 GMT

Hey Creditjunky, i dont think one has to necessarily avoid Synchrony backed cards because of fear of the blue, heck i got 7 myself lol, its just prudent to use your judgement and see what works for ya. It is crazy they back alot good stores but sometimes one has to pick your battles.

Its well know here i really enjoy having my Sync backed Pennies card because it brings me lots of good specials that work for me. Amazon we know is a great store card to have. Its just a good saying ive learned here not to keep all your eggs in one basket , sorry Mr Easter Bunny,. Hopefully 2 more years of proper gardening i may just come out to get a Chase or something thats not Sync or City lol, diversity rules the day, Patience paves the Way!!!