topic Re: Switching up with Synchrony in Credit Cards

Switching up with Synchrony

redE2move — Mon, 27 Mar 2017 00:18:57 GMT

I've been reading that 5 is the magic number of Synchrony cards alloted before they cut you off. I have one card that I don't use much (Old Navy) which I'd glady get rid of if I could get Care Credit instead. I'm not sure if this is an option or if I'd just be screwing myself up by closing one and apping for the other. Wondering if anyone could share any similar experiences with me. I'm not looking to make the change until maybe June but I want to be somewhat prepared for how or if I should proceed in doing so.

Re: Switching up with Synchrony

UncleB — Mon, 27 Mar 2017 04:02:21 GMT

@redE2move wrote:
I've been reading that 5 is the magic number of Synchrony cards alloted before they cut you off. I have one card that I don't use much (Old Navy) which I'd glady get rid of if I could get Care Credit instead. I'm not sure if this is an option or if I'd just be screwing myself up by closing one and apping for the other. Wondering if anyone could share any similar experiences with me. I'm not looking to make the change until maybe June but I want to be somewhat prepared for how or if I should proceed in doing so.

Synchrony can be a bit unpredictable, but there's no set number that they consider 'too many'; while not advisable some have reported having a dozen or more with no problems, and others with only one or two have received the infamous 'blue envelope'.

Five is not a hard-cutoff, but you're wise to limit your exposure with them to only the cards you really need.

Re: Switching up with Synchrony

fedxboy — Mon, 27 Mar 2017 14:06:02 GMT

@redE2move wrote:
I've been reading that 5 is the magic number of Synchrony cards alloted before they cut you off. I have one card that I don't use much (Old Navy) which I'd glady get rid of if I could get Care Credit instead. I'm not sure if this is an option or if I'd just be screwing myself up by closing one and apping for the other. Wondering if anyone could share any similar experiences with me. I'm not looking to make the change until maybe June but I want to be somewhat prepared for how or if I should proceed in doing so.

I don't think Synchrony is the problem, nor is 5 of their cards the magic number. I think the problem lies within these boards and the constituents within always encouraging others with Synchrony cards to call credit solutions and ask for $20-25k limits per card. Those seem to be the ones they are shutting down, from what I've seen anyways.

I've never received any AA from Synch and I have more than 5 cards, 10 to be exact!

Ebates Visa Sig 10k

Sam's Club MC 10k

Walmart MC 8k

eBay MC 8k

CheapOair Visa 8k

Marvel MC 7k

BP Visa 6k

Amazon 6k

Banana Rep Visa 1.5k

Sunglass Hut 1k

Slow and steady wins the race, no need to sprint

Re: Switching up with Synchrony

MyLoFICO — Mon, 27 Mar 2017 12:33:57 GMT

I have 13 Synch cards and no AA. Yet.

Re: Switching up with Synchrony

redE2move — Tue, 28 Mar 2017 01:34:07 GMT

Fed hope you don't mind me asking but in what time frame did you accrue the 10 Sych cards?

Re: Switching up with Synchrony

Anonymous — Tue, 28 Mar 2017 13:52:48 GMT

@fedxboy wrote:
@redE2move wrote:
I've been reading that 5 is the magic number of Synchrony cards alloted before they cut you off. I have one card that I don't use much (Old Navy) which I'd glady get rid of if I could get Care Credit instead. I'm not sure if this is an option or if I'd just be screwing myself up by closing one and apping for the other. Wondering if anyone could share any similar experiences with me. I'm not looking to make the change until maybe June but I want to be somewhat prepared for how or if I should proceed in doing so.
I don't think Synchrony is the problem, nor is 5 of their cards the magic number. I think the problem lies within these boards and the constituents within always encouraging others with Synchrony cards to call credit solutions and ask for $20-25k limits per card. Those seem to be the ones they are shutting down, from what I've seen anyways.

I've never received any AA from Synch and I have more than 5 cards, 10 to be exact!

Ebates Visa Sig 10k
Sam's Club MC   10k
Walmart MC          8k
eBay MC               8k
CheapOair Visa   8k
Marvel MC             7k
BP Visa                  6k
Amazon               6k
Banana Rep Visa 1.5k
Sunglass Hut        1k

Slow and steady wins the race, no need to sprint

I have to agree here...I was advised in a different thread when I was discussing how I should grow/manage my various cards to ask for a big CLI on my Amazon Store Card, which is the only Synchrony card I have and was issued last year with a $800 line (the figure suggested was $10k but I got cold feet and asked for $6k instead), but I got turned down flat and have been fretting ever since about the possibility of a "blue envelope" though I think (crossed fingers!) it's not too likely...I'm not asking for any more CLI's on Synchrony or any other cards until at least a few more months have passed and my accounts have had time to grow and age; I have a credit steps increase (from $3k to $3,500) coming on my Cap One unsecured MC by fall and I'm going to be content with that (at least at this time unless I get a really good reason to ask for a CLI!)