topic Re: Synchrony Question in Credit Cards

Synchrony Question

Anonymous — Sun, 29 Oct 2017 05:42:21 GMT

Hello Everyone!

I have been perusing these forums for several years and it is time to ask my first question .

I have several cards with Synchrony. Two of them (store cards called Home Design) were used to finance some home improvement projects when I purchased a house less than 2 years ago. I have no further use for them and they are fully paid off. The total tradeline between them is $17k.

I also have Synchrony TJX MC at $10k which I use occasionally and always PIF.

Another Synchrony account is Amazon that I use quite frequently. It is currently at $20k (always PIF) and I can't get a CLI for the past 8 months due to the following reason as per Synchrony letter I received: "We are not able to assign the credit line you requested because it exceeds the amount of increase our policy allows".

My question is, will closing the above mentioned Home Design store accounts help getting CLI on Amazon account? Or it will have no affect on it whatsoever?

My credit history is somewhat new. I have started with 2 secured cards 3 years ago and my current AAoA is 1.6 y, UTI is under 2%. No baddies of any kind on any of the CRs.

Would appreciate your valuable advise in this situation.

Re: Synchrony Question

Anonymous — Tue, 31 Oct 2017 15:13:26 GMT

Banks sets internal credit limits on customers so based on the response you are getting from Synchrony, you probably have reached yours and closing the accouts you are not using mentioned above should be able to help although not guaranteed.

Re: Synchrony Question

K-in-Boston — Tue, 31 Oct 2017 15:54:58 GMT

How are you requesting CLIs? Many of us with $10k+ credit lines on Synchrony cards get those letters if requesting online. You can try chat, but usually the best luck with CLIs comes with calling the overseas Credit Solutions number.

Re: Synchrony Question

simplynoir — Tue, 31 Oct 2017 16:06:37 GMT

If you already have a $20k limit on an Amazon card on which I doubt you fully utilize the CL (and PIF in any case) why poke the bear to try to get more on it? I'm honestly curious.

Re: Synchrony Question

K-in-Boston — Tue, 31 Oct 2017 16:09:46 GMT

FWIW, I regularly stretch out $1-3k purchases on my card for 12 months or longer on a 0% promo. Would be nice to always be able to keep it under 30%.

Re: Synchrony Question

simplynoir — Tue, 31 Oct 2017 16:14:42 GMT

Right, right. I forget the Amazon store card has financing options available depending on the amount of the purchase. I stuck with the Amazon Prime card so that didn't even cross my mind.

Re: Synchrony Question

Anonymous — Tue, 31 Oct 2017 19:30:48 GMT

Thank you all for you answers.

This is Amazon Primè store card and I may sometimes use 2-3 months to pay off a large (8-10k) purchase under special financing terms. Don't want my uti to go up as it seems to greatly affect my score.

Perhaps because my credit history is only few years of age after more than 10 years absence working overseas.

I have tried both calling and online.

I will try closing 2 other Synchrony accounts before trying another cli. The only downside is 17k our of my total CL if I don't get any Amazon increase after all. But my utilization is low so I think I should be ok.

Re: Synchrony Question

UncleB — Wed, 01 Nov 2017 09:26:32 GMT

@Anonymous wrote:
Thank you all for you answers.

This is Amazon Primè store card and I may sometimes use 2-3 months to pay off a large (8-10k) purchase under special financing terms. Don't want my uti to go up as it seems to greatly affect my score.

Perhaps because my credit history is only few years of age after more than 10 years absence working overseas.

I have tried both calling and online.

I will try closing 2 other Synchrony accounts before trying another cli. The only downside is 17k our of my total CL if I don't get any Amazon increase after all. But my utilization is low so I think I should be ok.

I know you mention you've called, but if you're calling the number on the back of the card (or the statement) that's not the same as Credit Solutions... many have been turned down when calling the 'normal' number only be given a CLI when they call CS. If it were me, I would at least give this a try before I closed any accounts, unless you were going to close them anyway.

Here's the number to the overseas center; many including myself have had luck with it: 877-379-8173.

Disclaimers: Unless I overlooked it, you don't mention your TU score - that will be a primary determining factor. If you decide to call Credit Solutions, note that they'll place you on hold for a couple of minutes while they pull a fresh TU, this is nearly always a SP (occasionally somebody reports a HP, but I've not seen one of those in a while). Expect the call to be quick and with little small-talk; they don't ask why you need the CLI, and they don't care.

Also, it would be irresponsible of me to not at least mention the past 'blue envelope' situation with Synchrony. Many of us - again, including myself - have used CS for CLIs with no problems at all, but some speculate that requesting high credit lines can "put you on the radar".

Good luck whatever you decide!

Re: Synchrony Question

Anonymous — Wed, 01 Nov 2017 11:25:50 GMT

Good luck when you call CS. I was planning to do that last week for my Amazon card, but then I ran into some very good luck with their new, improved CLI button on both Amazon and Walmart. I agree that one needs to be careful so as not to trigger the blue envelope, so I'm going to let my newly improved lines mature for at least a few months before I push that button again.

Re: Synchrony Question

Anonymous — Wed, 01 Nov 2017 19:07:29 GMT

UncleB, thank you for the number and suggetion.
I called earlier today and asked for $30k total tradeline.
Was requested to provide income verification to secure 30k, but was given $25k on a spot.
Better than nothing ) so I'll take it.
It was a SP and my TU score according to Discover is 804.
Thank you all!