topic Re: Synchrony Exposure in Credit Cards

Synchrony Exposure

Anonymous — Tue, 14 Mar 2017 19:20:13 GMT

I recent applied for a CLI on my Paypal Mastercard and was denied.

I have the following account w/ Synchrony

Value City Furniture: $1000

Care Credit: $800

Midas Car Credit: $1800

Walmart Store Card: $1400

Amazon Store Card: $1400

PayPal MC: $1000

No lates, frequent use, low utilization...

do they look at total exposure ($7400) or just the individual account details when evaluating for an increase?

Re: Synchrony Exposure

pizza1 — Tue, 14 Mar 2017 19:28:49 GMT

total Synch exposure is $100k+...so you may not just be eligible right now for cli.

How long have you had the cards?

Re: Synchrony Exposure

Anonymous — Tue, 14 Mar 2017 20:27:56 GMT

@pizza1 wrote:
total Synch exposure is $100k+...so you may not just be eligible right now for cli.

How long have you had the cards?

Value City is over 4yrs... all the other are approx 16 to 30 months... the PayPal MC is 9 months

Re: Synchrony Exposure

My_Fako — Tue, 14 Mar 2017 20:32:31 GMT

My opinion, is they really just go off your Tu score after approval.

Re: Synchrony Exposure

Anonymous — Tue, 14 Mar 2017 21:07:34 GMT

Synchrony can be difficult. Perhaps it is not good to "poke the bear." Here is a very long, but detailed thread about Synchrony in case you are interested.

http://ficoforums.myfico.com/t5/Credit-Cards/What-the-heck-is-going-on-with-Synchrony/m-p/4669682/highlight/true#M1353409?q=What+is+going+on+with+Synchrony

Re: Synchrony Exposure

Anonymous — Tue, 14 Mar 2017 21:37:19 GMT

@Anonymous wrote:
Synchrony can be difficult. Perhaps it is not good to "poke the bear." Here is a very long, but detailed thread about Synchrony in case you are interested.

http://ficoforums.myfico.com/t5/Credit-Cards/What-the-heck-is-going-on-with-Synchrony/m-p/4669682/highlight/true#M1353409?q=What+is+going+on+with+Synchrony

Agreed

Re: Synchrony Exposure

JamP — Tue, 14 Mar 2017 21:48:36 GMT

Agree with the TU score. Get it to 680+ and you usually can get CLI's.

Your far from Max exposure. I think sometime to go off your income also.

Re: Synchrony Exposure

Anonymous — Tue, 14 Mar 2017 22:39:27 GMT

Your PP Extras, was that a upgrade from a Smart Connect account? Also with the MC/Visas, one thing I noticed, is CLIs tend to have a different timing and different underwriting I think they are looking at. Also once you get the letter look at the date of the pull on there, it's SP but will be on the letter. Check the reasons. Store cards seem to handle a bit different with CLIs going out like candy sometimes. Your exposure looks fine but with that being said, you may also be at a internal ceiling right now based off how many cards and how long all of them have been opened and used. On my PP Extras, my timing for CLIs has been 6 months give or take a day as a data point. I got the first one at upgrade activation then exactly 6 months later in December for the 2nd one. Any request since then have been denied with factors given from credit report and my TU is on ice, so they are using a old score for mines.

Re: Synchrony Exposure

Anonymous — Wed, 15 Mar 2017 01:29:40 GMT

I totally agree with stREAIT. Speaking from my experience store card and Mc clis are handled differently. Got a huge bump on amazon and walmart store cards on the appro val day back in 2015. but for ebay extras mc , marvel and old navy visa cli was denied upon activation . Only after 6 months i got an auto cli on ebay Mc from 3000 to 5000. I recently got a letter from synchrony about upgrading my walmart store card to Mc in april. And i tried a cli on walmart card yesterday and it went from 5000 to 10000 may be because it still prior to the actual upgrade. And my amazon went from 4000 to 5000

Re: Synchrony Exposure

peghede — Wed, 15 Mar 2017 04:02:53 GMT

Synchrony (RIP) soon or later will lube you with lexus nexus bs .stay away from them if possible.

Re: ********* Exposure

Anonymous — Wed, 15 Mar 2017 04:17:58 GMT

Walmart and Amazon can be increased through the online chat.

Re: Synchrony Exposure

Anonymous — Wed, 15 Mar 2017 15:52:33 GMT

@Anonymous wrote:
Your PP Extras, was that a upgrade from a Smart Connect account? Also with the MC/Visas, one thing I noticed, is CLIs tend to have a different timing and different underwriting I think they are looking at. Also once you get the letter look at the date of the pull on there, it's SP but will be on the letter. Check the reasons. Store cards seem to handle a bit different with CLIs going out like candy sometimes. Your exposure looks fine but with that being said, you may also be at a internal ceiling right now based off how many cards and how long all of them have been opened and used. On my PP Extras, my timing for CLIs has been 6 months give or take a day as a data point. I got the first one at upgrade activation then exactly 6 months later in December for the 2nd one. Any request since then have been denied with factors given from credit report and my TU is on ice, so they are using a old score for mines.

Correct, it was an upgrade from a Smart Connect Account.

Good info... thank you

Re: Synchrony Exposure

Anonymous — Wed, 15 Mar 2017 15:52:16 GMT

@peghede wrote:
Synchrony (RIP) soon or later will lube you with lexus nexus bs .stay away from them if possible.

When I was rebuilding my credit, they were the only creditor who would extend me credit. I hope this is just a blip on the radar.
I don't have any balances with them so if they want to terminate, I won't lose any sleep over it.
thanks for the heads though

Re: Synchrony Exposure

Anonymous — Wed, 15 Mar 2017 15:51:59 GMT

@Anonymous wrote:
Synchrony can be difficult. Perhaps it is not good to "poke the bear." Here is a very long, but detailed thread about Synchrony in case you are interested.

http://ficoforums.myfico.com/t5/Credit-Cards/What-the-heck-is-going-on-with-Synchrony/m-p/4669682/highlight/true#M1353409?q=What+is+going+on+with+Synchrony

Thank you

Re: Synchrony Exposure

Anonymous — Mon, 20 Mar 2017 13:41:02 GMT

@bogeygolfer

Try using this backdoor number 1-866-519-6441. It gets you to US based reps. I was having the same issues as you with my Amazon Prime Store Card and Paypal Extras Mastercard from them. But I was able to get the following increases and only an SP which they will verify.

Amazon Prime Store Card - $610 -> $4000

Paypal Extras Mastercard - $500 -> $6000

I called about 30 minutes between each card, and they both worked for me. Give it a shot and let us know if it works for you! Good luck!

Re: Synchrony Exposure

Anonymous — Mon, 20 Mar 2017 17:36:17 GMT

@Anonymous wrote:
@Anonymous

Try using this backdoor number 1-866-519-6441. It gets you to US based reps. I was having the same issues as you with my Amazon Prime Store Card and Paypal Extras Mastercard from them. But I was able to get the following increases and only an SP which they will verify.

Amazon Prime Store Card - $610 -> $4000
Paypal Extras Mastercard - $500 -> $6000

I called about 30 minutes between each card, and they both worked for me. Give it a shot and let us know if it works for you! Good luck!

What was your TU score when they did this?

Re: Synchrony Exposure

Anonymous — Mon, 20 Mar 2017 17:45:03 GMT

What's currently in my sig which is FICO. For Vangtage 3.0 its 745

Re: Synchrony Exposure

Random_idiot — Mon, 20 Mar 2017 18:00:58 GMT

@My_Fako wrote:
My opinion, is they really just go off your Tu score after approval.

Agree with this.

Re: Synchrony Exposure

Random_idiot — Mon, 20 Mar 2017 18:02:26 GMT

I believe 680-720 can get the limit to 6k, with them not budging a penny above it. I've read approvals above that on here for scores in mid to upper 700s.. so.. yeah

Re: Synchrony Exposure

Anonymous — Mon, 20 Mar 2017 18:46:58 GMT

@Random_idiot wrote:
I believe 680-720 can get the limit to 6k, with them not budging a penny above it. I've read approvals above that on here for scores in mid to upper 700s.. so.. yeah

Apparently TU 645 will get you at least 2K with Amazon..I've been at $800 with no budge from them, but just last week it jumped to 645 from 634 so I called the number you posted and asked for 2K.It was approved so I know I left some out there. The same thing happened earlier in the month with Care Credit. I just called them directly a few weeks apart and went from $500 to 7K over 2 or 3 calls. Walmart gve me what I requested... $2500. So I'll be calling them back as well. I only poke the synchrony bear in small increments.

I have no baddies, many new accounts tho in the past year and quite a lot of inquiries.