topic Re: Synchrony and so it begins in Credit Cards

Synchrony and so it begins

Jnbmom — Thu, 27 Feb 2020 21:03:21 GMT

Well I knew this was coming got an alert from Exp . Synchrony has slashed dh's limit from 10K to 1024😡 on his amazon store card , I am sure this is just top of iceberg with them .

Score dropped 3 points with notation that having one's limit reduced may have a negative effect . I wonder what card will be next 🥺

Re: Synchrony and so it begins

Anonymous — Thu, 27 Feb 2020 21:05:24 GMT

I'm sorry to hear that happened JnBmom! May I ask why they did that?

Re: Synchrony and so it begins

M_Smart007 — Thu, 27 Feb 2020 21:07:32 GMT

@Jnbmom wrote:
Well I knew this was coming got an alert from Exp . Synchrony has slashed dh's limit from 10K to 1024😡 on his amazon store card , I am sure this is just top of iceberg with them .

Score dropped 3 points with notation that having one's limit reduced may have a negative effect . I wonder what card will be next 🥺

Ughhh, sorry to hear that @Jnbmom .. Did He have a lot of Sync exposeure?

Re: Synchrony and so it begins

pinkandgrey — Thu, 27 Feb 2020 21:10:29 GMT

Grrrr that's so frustrating. Had something changed recently with his credit? Or was this just "Sync being Sync"?

Re: Synchrony and so it begins

Jnbmom — Thu, 27 Feb 2020 21:14:05 GMT

@M_Smart007 75K total exposure

@pinkandgrey His scores have stayed steady and even up a few points. I think it's Synch being synch, but in all fairness card doesn't get a lot of spend sooooo. I am guessing marvel may be next .

Re: Synchrony and so it begins

FinStar — Thu, 27 Feb 2020 21:43:41 GMT

@Jnbmom wrote:
@M_Smart007 75K total exposure

@pinkandgrey His scores have stayed steady and even up a few points. I think it's Synch being synch, but in all fairness card doesn't get a lot of spend sooooo. I am guessing marvel may be next .

This ^^^

They typically 'right-size' CLs to that funky amount... usually ending in xx24. This happened on my Banana Republic Visa a while ago (I had not used it for a bit). Coincidentally, there was a promo of earning $50 for spending $500 in 30 days so perfect timing. A quick call to Credit Solutions restored the CL and made note of the CLD to get more usage out of it.

Re: Synchrony and so it begins

AllZero — Thu, 27 Feb 2020 21:45:10 GMT

That's unfortunate. Synchrony is on a mission.

Re: Synchrony and so it begins

K-in-Boston — Thu, 27 Feb 2020 21:49:47 GMT

Yuck. Sorry to hear about the CLD. At least it is still open, though.

Re: Synchrony and so it begins

Jnbmom — Thu, 27 Feb 2020 21:57:57 GMT

@K-in-Boston

True it could have been just shut down and closed.

We are have been contemplating thinning the herd so he/me may just close some of his cards and just may thin the synch herd.

Re: Synchrony and so it begins

Gmood1 — Thu, 27 Feb 2020 23:25:24 GMT

I wouldn't worry much about this mom.

Synch does adjust CLs from time to time. They CLD my care credit a couple of years ago. I think it went from $15k to $5k.

Not a big deal, the other cards have remained intact. Don't sweat the small stuff.😉

Re: Synchrony and so it begins

Anonymous — Fri, 28 Feb 2020 03:26:59 GMT

Sorry to hear. Depending on how much you both want the cards you have, it's best to put some adequate spend on them. I'm not sure 1 purchase every 6 mos is a shoo-in for keeping a card like it used to be. Maybe it is, but to play it safe, use them more than that.

My Synchrony Lowe's card gets the least use. Went almost 6 mos once without use. No AA on it, but my limit isn't very high so limited exposure and not too much of a waste of CL for them. I put some on recently, so I'm trying to avoid 1 purchase every 6 months.

Re: Synchrony and so it begins

Mahraja — Fri, 28 Feb 2020 07:11:02 GMT

@Jnbmom ..most of the time it happens due to inactivity ..here is quick trick use the card let the charge post.. i am 99% sure the original credit limit/or slightly lower than original credit line will restore automatically ...no need to call the backdoor just yet... if the credit line don't change after this ,,go ahead make some calls ..Good Luck

_____________R.a.j

Re: Synchrony and so it begins

Jnbmom — Fri, 28 Feb 2020 12:33:06 GMT

Thanks all. I mean with all the recent synch closures I wasn't really surprised. This is the first AA we have encountered though . I am sure it is totally for non use as it's been over a year since he used the card. I just threw the water bill on his PPMC because that's been not used in a bit. Marvel and Rakuten are also non used cards. Lowes gets some use.

We or should I said ME lol plan on going through all our accounts and see what we really want to keep and can use and may very well close down quite a few.

I know it's easy to think I will just throw some usage on a card here and there, but sometimes that's a pain in the rear, as between the both of us there's a lot of cards.

And in all honesty I don't have that kinda time to worry about them all .

Re: Synchrony and so it begins

GApeachy — Fri, 28 Feb 2020 15:09:35 GMT

@Jnbmom wrote:
I don't have that kinda time to worry about them all .

Well that sux!

I don't blame you for considering a total thin-out...it's a PITA trying to breath life into some of these tl's. Sure we can use them occassionally, some more often than others but I don't want to "worry" about them either. Don't blame ya a bit Sistah!

Hopefully you won't have to hand that phone to you know who to close them out. Have yourself a great weekend and poop on the rest.

Well I'm off to search for some cld's myself....show of hands?!?

Re: Synchrony and so it begins

Jnbmom — Fri, 28 Feb 2020 17:26:11 GMT

@GApeachy

Yes we have decided to just close it along with the Rakuten . We will keep Lowes and PPMC, marvel on the fence.

Now on to my collection 😂😂😂