topic Synchrony (Mohawk) CLD in Credit Cards

Synchrony (Mohawk) CLD

DCnDC — Sun, 30 Dec 2018 15:22:39 GMT

I applied for financing back in April 2016 when we were getting hardwood floors put in our condo. They had 0% financing so figured, why not? I know better now when it comes to store cards, but anyway... Statted at $6k I believe and maxed it for the promotion. Used another credit card for the remainder (paid off immediately) and paid off the promotion before it ended. No fuss. Requested a CLI (SP) at some point last year just for padding purposes. Increased to $16.5k. Ever since, I’ve been worried about closure since I don’t use it. Obviously I wanted to keep it open for other home stuff down the line and for padding (keep my total utilization under 9%) but they just CLD the other day to $7.5k. Ugh. So I’m at a loss at to what I should do. Try for CLI again? Leave it until they end up closing it? Close it myself? I’d really hate to close it since I’d like to use it in the future, if needed, but I don’t really have a timeline for that. Dang store cards...

Re: Synchrony (Mohawk) CLD

GApeachy — Sun, 30 Dec 2018 15:27:25 GMT

This is so confusing to me. So if you don't use it you lose it? dangit!

Re: Synchrony (Mohawk) CLD

DCnDC — Sun, 30 Dec 2018 18:42:48 GMT

It’s just not a card I can use regularly. It can be used at certain flooring stores (i.e. Flooring America) and they did say Mattress Land.

Re: Synchrony (Mohawk) CLD

Anonymous — Sun, 30 Dec 2018 20:17:57 GMT

I would just leave it, and if it closes it closes. If not, you can use it if and when you need it. Util padding is overrated here. Before an important app (and only then!) pay down other cards before statement cuts and overall util can be as low as you like.

Re: Synchrony (Mohawk) CLD

DaveInAZ — Sun, 30 Dec 2018 20:55:38 GMT

@DCnDC wrote:
It’s just not a card I can use regularly. It can be used at certain flooring stores (i.e. Flooring America) and they did say Mattress Land.

Well, that's the problem with speciality store cards, hard to use them regularly. I just have two store cards - Walmart ($10k CL), where I do shop regularly, and Lowes (also $10k), which I have for future flooring needs, current util padding, and I can shop often enough to keep it active, last spring I stopped by & bought insect spray & weed killer and last fall stopped by and bought a house plant. I suggest you try for Lowes, which is also Synchrony, and let Mohawk go.

Re: Synchrony (Mohawk) CLD

DCnDC — Sun, 30 Dec 2018 21:36:17 GMT

Yea, it was definitely one of those spur of the moment things when we did the floors. Otherwise, I wouldn’t even have a flooring type card. Good idea on the Lowe’s since it’s easy to run in and grab other items here and there.

Re: Synchrony (Mohawk) CLD

Anonymous — Sun, 30 Dec 2018 21:43:09 GMT

You can push a $1 payment from your bank’s online billpay once a year for activity.

Re: Synchrony (Mohawk) CLD

DCnDC — Mon, 31 Dec 2018 13:54:01 GMT

Really? That works?