topic Re: Synchrony CLD in Credit Cards

Synchrony CLD

tcbofade — Fri, 28 Feb 2020 22:53:27 GMT

...and my turn has arrived...

So far, just one. Midas card WAS $10k limit, zero balance... we used it once for a major car repair and the zero percent financing... it's been sitting empty for quite some time.

Credit limit now $2.5k.

Boo hiss hiss.

Re: Synchrony CLD

Girlzilla88 — Fri, 28 Feb 2020 22:54:20 GMT

Boooooo indeed

Re: Synchrony CLD

Jnbmom — Fri, 28 Feb 2020 22:58:52 GMT

@tcbofade

Yup dh's Amazon was slashed , so far no others but I have my doubts .

Sorry for the CLD I am watching our accounts like hawks but we may just dump some synch accounts that we never use .

Re: Synchrony CLD

Anonymous — Fri, 28 Feb 2020 22:59:54 GMT

Booo Synchrony! Sorry to hear that, OP!

Re: Synchrony CLD

blindambition — Fri, 28 Feb 2020 23:01:41 GMT

Sorry to hear. Hopefully only for no use and others will be ok. 😞

Re: Synchrony CLD

M_Smart007 — Fri, 28 Feb 2020 23:07:33 GMT

@tcbofade wrote:
...and my turn has arrived...

So far, just one. Midas card WAS $10k limit, zero balance... we used it once for a major car repair and the zero percent financing... it's been sitting empty for quite some time.

Credit limit now $2.5k.

Boo hiss hiss.

Sorry @tcbofade seems to be the common denominator with Synchrony CLD's is lack of use.

This may be of some help to you?

https://ficoforums.myfico.com/t5/Credit-Cards/Synchrony-and-so-it-begins/m-p/5933399#M1702510

Re: Synchrony CLD

tcbofade — Fri, 28 Feb 2020 23:10:29 GMT

Thanks, @M_Smart007 , I HAVE seen that post...

Thankfully, all of my balance transfers for 2020 are complete. If Synch shuts me down 100%, it WILL affect my utilization, but not my financial planning for this year.

I'm not going to argue with them.

Re: Synchrony CLD

AllZero — Fri, 28 Feb 2020 23:19:57 GMT

That's unfortunate. Synchrony is on a rampage.

Re: Synchrony CLD

Remedios — Fri, 28 Feb 2020 23:41:44 GMT

@tcbofade , I'm sorry this happened to you ☹

Re: Synchrony CLD

blindambition — Fri, 28 Feb 2020 23:42:30 GMT

@AllZero wrote:
That's unfortunate. Synchrony is on a rampage.

The unfortunate thing is they aren't alone. I'm putting spend on everything, super vigilant on utilization. No BT for 2020, since I've since AA on those too.

Re: Synchrony CLD

FinStar — Sat, 29 Feb 2020 00:00:18 GMT

@tcbofade wrote:
...and my turn has arrived...

So far, just one. Midas card WAS $10k limit, zero balance... we used it once for a major car repair and the zero percent financing... it's been sitting empty for quite some time.

Credit limit now $2.5k.

Boo hiss hiss.

On the bolded part, how long has it been sitting idle?

Re: Synchrony CLD

newfossil — Sat, 29 Feb 2020 00:12:02 GMT

Bummer I am sorry tcbofade

Re: Synchrony CLD

GApeachy — Sat, 29 Feb 2020 00:18:09 GMT

@tcbofade wrote:

So far, just one. Midas card WAS $10k limit, zero balance... we used it once for a major car repair and the zero percent financing... it's been sitting empty for quite some time.

Sorry they did that @tcbofade , do you know about how long it's been since you used it? months? years?

Re: Synchrony CLD

tcbofade — Sat, 29 Feb 2020 00:20:48 GMT

@FinStar, just over a year.

My excel sheet says that I paid it off in January of 2019.

Edit: And @GApeachy too.

Re: Synchrony CLD

FinStar — Sat, 29 Feb 2020 00:29:07 GMT

@tcbofade wrote:
@FinStar, just over a year.

My excel sheet says that I paid it off in January of 2019.

Edit: And @GApeachy too.

Ok thanks for providing that. Sorry to hear about the CLD btw, but given the latest AA trends with SYNCB these days, I wouldn't be surprised if during any type of ongoing portfolio or account performance reviews they start executing more CLDs on unused or dormant accounts.

Re: Synchrony CLD

tcbofade — Sat, 29 Feb 2020 00:31:45 GMT

@FinStar wrote:
@tcbofade wrote:
@FinStar, just over a year.

My excel sheet says that I paid it off in January of 2019.

Edit: And @GApeachy too.

Ok thanks for providing that. Sorry to hear about the CLD btw, but given the latest AA trends with SYNCB these days, I wouldn't be surprised if during any type of ongoing portfolio or account performance reviews they start executing more CLDs on unused or dormant accounts.

Me either. Including AU accounts, I just checked all 13 () of them... 12 are fine as of today. Only Midas got the slash.

...so far...

Re: Synchrony CLD

K-in-Boston — Sat, 29 Feb 2020 00:46:50 GMT

Sorry to hear about it but thank you for sharing another valuable DP with the community. At least it's not closed and you can likely get the limit increased IF you need it. I'm glad I used my Lowe's card recently as it had been sitting idle for a while.

Re: Synchrony CLD

FinStar — Sat, 29 Feb 2020 00:50:45 GMT

@tcbofade wrote:
@FinStar wrote:
@tcbofade wrote:
@FinStar, just over a year.

My excel sheet says that I paid it off in January of 2019.

Edit: And @GApeachy too.

Ok thanks for providing that. Sorry to hear about the CLD btw, but given the latest AA trends with SYNCB these days, I wouldn't be surprised if during any type of ongoing portfolio or account performance reviews they start executing more CLDs on unused or dormant accounts.
Me either. Including AU accounts, I just checked all 13 () of them... 12 are fine as of today. Only Midas got the slash.

...so far...

Alright, I don't feel as bad now as far as the 'count". I have 12

I would say this, when I logged in to all of them the other day (standard routine), with the exception of 2, all of them prompted an income update. IME, and historically, the income prompts are sporadic and not at the same time. So, they are definitely tracking the data a little closely from what I could infer IMO.

Re: Synchrony CLD

Jnbmom — Sat, 29 Feb 2020 00:57:06 GMT

@FinStar wrote:
@tcbofade wrote:
@FinStar wrote:
@tcbofade wrote:
@FinStar, just over a year.

My excel sheet says that I paid it off in January of 2019.

Edit: And @GApeachy too.

Ok thanks for providing that. Sorry to hear about the CLD btw, but given the latest AA trends with SYNCB these days, I wouldn't be surprised if during any type of ongoing portfolio or account performance reviews they start executing more CLDs on unused or dormant accounts.
Me either. Including AU accounts, I just checked all 13 () of them... 12 are fine as of today. Only Midas got the slash.

...so far...

Alright, I don't feel as bad now as far as the 'count". I have 12

I would say this, when I logged in to all of them the other day (standard routine), with the exception of 2, all of them prompted an income update. IME, and historically, the income prompts are sporadic and not at the same time. So, they are definitely tracking the data a little closely from what I could infer IMO.

I got the income update too on most of my cards hmmmmm

Re: Synchrony CLD

FinStar — Sat, 29 Feb 2020 01:09:31 GMT

@Jnbmom wrote:
@FinStar wrote:
@tcbofade wrote:
@FinStar wrote:
@tcbofade wrote:
@FinStar, just over a year.

My excel sheet says that I paid it off in January of 2019.

Edit: And @GApeachy too.

Ok thanks for providing that. Sorry to hear about the CLD btw, but given the latest AA trends with SYNCB these days, I wouldn't be surprised if during any type of ongoing portfolio or account performance reviews they start executing more CLDs on unused or dormant accounts.
Me either. Including AU accounts, I just checked all 13 () of them... 12 are fine as of today. Only Midas got the slash.

...so far...

Alright, I don't feel as bad now as far as the 'count". I have 12

I would say this, when I logged in to all of them the other day (standard routine), with the exception of 2, all of them prompted an income update. IME, and historically, the income prompts are sporadic and not at the same time. So, they are definitely tracking the data a little closely from what I could infer IMO.
I got the income update too on most of my cards hmmmmm

Interesting indeed.

What I found peculiar, the income prompt/update came up for the Belks MC, and that's a fairly 'newish' account (Nov 2019).