topic Re: Synchrony Bank Total Exposure Thread in Credit Cards

Synchrony Bank Total Exposure Thread

AverageJoesCredit — Sun, 19 Apr 2020 14:53:15 GMT

With all thats going on and multiple Synchrony Bank credit card account closures i figured i put this thread out here for all us nosey folk and for people to compare so we can see whos next up to bat

Current Credit Card total : 7

Current Credit Line : $79,000

Current Debt Line across all Sync cards: $25.00

Current Fico 8 scores: 714 TU 740 EX 734 EQ

High/ low candidate (in your opinion): High

Re: Synchrony Bank Total Exposure Thread

wasCB14 — Sun, 19 Apr 2020 15:00:15 GMT

While many people are relatively private about income, you might consider some metric for spend.

Re: Synchrony Bank Total Exposure Thread

Shooting-For-800 — Sun, 19 Apr 2020 15:24:58 GMT

I just started making extra payments cuz I am scared...

Used all 4 cards last month, paid off 2 of them.

Other two have decreasing balances. (0%)

Current Credit Card total : $70,000

Current Credit Line : $70,000

Current Debt Line across all Sync cards: $5,500 (0%)

Current Fico 8 scores: 720-740

High/ low candidate (in your opinion): Low/Mid

Re: Synchrony Bank Total Exposure Thread

Anonymous — Sun, 19 Apr 2020 15:24:28 GMT

Total Synch cards: 1 (Lowe's)

CL: $12,000

Balance: $1146 (all but a couple hundred on 12 month deferred interest, 3x min payment per month at least)

Average usage: 4-5x per month

Aggregate UTI on all cards: 16.4%
Likelihood of closure: low/lower-medium I would think

Re: Synchrony Bank Total Exposure Thread

tcbofade — Sun, 19 Apr 2020 15:31:06 GMT

Fico 8 scores updated monthly in signature.

Ebay Mastercard. $7k CL, zero balance.

Amazon Store card. $10k CL, $10.34 balance.

Conoco Drive Savvy. $2.5k CL, $45.55 balance.

P66 Drive Savvy. $2.3k CL, zero balance.

Lowes card. $25k CL, zero balance.

Midas card. $2.5k CL, zero balance. (Was $10k CL, got CLD'd)

Care Credit. $20k CL, zero balance

Marvel card $6k CL, zero balance.

JCP card $6K CL, zero balance.

AU accounts:

Lowes card. $25k CL, $597.55 balance. (Zero percent deal)

Old Navy card. $10k CL, zero balance.

Conoco Drive Savvy. $4k CL, 119.74 balance.

Paypal MC. $10k CL, zero balance.

Household income should break the six figure barrier this year.

....just waiting for my turn in the barrel...

Re: Synchrony Bank Total Exposure Thread

Anonymous — Sun, 19 Apr 2020 15:56:51 GMT

Current Credit Card total : 3

Current Credit Line : $20,000

Current Debt Line across all Sync cards: $0

Current Fico 8 scores: 788 TU 721 EX 732 EQ

High/ low candidate (in your opinion): Moderate

I think I'm far less at risk than I was when my exposure was $33,500 across 5 cards but Sync is tied with NFCU for highest exposure and that's still the danger zone. The only thing I think might save me is my balances have been dropping big time. I was around $4300 in February and I'm down to around $1700 now. They also likely have in their computers that when I filed my 2010 bankruptcy, GE Capital Bank was not one of the creditors who got burned since my Amazon card had a $0 balance.

The thing is, I'm not so convinced that these are being done looking for any specific patterns.

Re: Synchrony Bank Total Exposure Thread

Anonymous — Mon, 27 Apr 2020 14:29:19 GMT

@Anonymous wrote:
Current Credit Card total : 3
Current Credit Line : $20,000
Current Debt Line across all Sync cards: $0
Current Fico 8 scores: 788 TU 721 EX 732 EQ

High/ low candidate (in your opinion): Moderate

I think I'm far less at risk than I was when my exposure was $33,500 across 5 cards but Sync is tied with NFCU for highest exposure and that's still the danger zone. The only thing I think might save me is my balances have been dropping big time. I was around $4300 in February and I'm down to around $1700 now. They also likely have in their computers that when I filed my 2010 bankruptcy, GE Capital Bank was not one of the creditors who got burned since my Amazon card had a $0 balance.

The thing is, I'm not so convinced that these are being done looking for any specific patterns.

About three years ago US Bank reduced my total credit do to the fact I had more than my annual income. They were fair and reviewed everything and we worked on a solution that they agreed too. No surprises either way and they were right about my being greatly over exposed. As conservative as they are, I am surprised it ever happen. The fact they were polite, professional and willing to look at the total picture did a lot as I know "it was only business" ... which was true. Worked with a senior supervisor in credit analysis not front line personnel as they were not empowered to make changes and adjustments. If it was going to happen, I felt they treated me as well as could be expected!

Re: Synchrony Bank Total Exposure Thread

RehabbingANDBlabbing — Sun, 19 Apr 2020 16:05:03 GMT

Current Credit Card total : 3

Current Credit Line : $9,300

Current Debt across all Sync cards: $100.00

Current Fico 8 scores: 801 TU 643 EX 704 EQ

Risk: I think I have a moderate risk. I don't have a lot of exposure, but they have been holding all of my payments on my Paypal Mastercard and I have not been using my Synchrony Home card very often. I do PIF, so that may or may not help. I am also still rebuilding, so here's hoping they are only watching my TU report.

Re: Synchrony Bank Total Exposure Thread

Anonymous — Sun, 19 Apr 2020 16:38:15 GMT

@Anonymous wrote:
@Anonymous wrote:
Current Credit Card total : 3
Current Credit Line : $20,000
Current Debt Line across all Sync cards: $0
Current Fico 8 scores: 788 TU 721 EX 732 EQ

High/ low candidate (in your opinion): Moderate

I think I'm far less at risk than I was when my exposure was $33,500 across 5 cards but Sync is tied with NFCU for highest exposure and that's still the danger zone. The only thing I think might save me is my balances have been dropping big time. I was around $4300 in February and I'm down to around $1700 now. They also likely have in their computers that when I filed my 2010 bankruptcy, GE Capital Bank was not one of the creditors who got burned since my Amazon card had a $0 balance.

The thing is, I'm not so convinced that these are being done looking for any specific patterns.
About three years ago US Bank reduced my total credit due to the fact I had more than my annual income. They were fair and reviewed everything and we worked on a solution that they agree to. No surprises either way and they were right about my being greatly over exposed. As conservative as they are, I am surprised it ever happen. The fact they were polite, professional and willing to look at the total picture did a lot as I know "it was only business" ... which was true. Worked with a senior supervisor in credit analysis not front line personnel as they were not empowered to make changes and adjustments. If it was going to happen, I felt they treated me as well as could be expected!

Yeah it's certainly risky letting me have more than my income but since Capital One is sitting at $18,250 and NFCU is at $20K too, Sync isn't taking on the biggest risk of exposure with my profile.

We will see. The only card I would miss would be Amazon really.

Re: Synchrony Bank Total Exposure Thread

Anonymous — Sun, 19 Apr 2020 16:42:17 GMT

Hello,

Credit Card: 3

Credit Limit: 40K (2% Paypal 20K, Marvel 10K, Rakuten 10K)

Balance: $0 (Pay before statement cut)

Fico 8: TU804, EQ788, EX787

Re: Synchrony Bank Total Exposure Thread

DaveInAZ — Sun, 19 Apr 2020 16:53:49 GMT

After my Walmart store card w/$10k CL went to Cap One and I closed PayPal Credit w/$4k CL as Sync was taking it over:

PayPal Cashback MC: $12,500 CL, Balance: $29.09

Lowes: $15k CL, Balance: $0

Risk: Low

- I rate my risk as low because 1) Sync just gave me an auto CLI on PP MC last month from $10k to $12.5k and I run over $1k monthly thru it. and 2) Sync uses TU and I got an early exclusion of my 2010 BK7 from TU in March, Fico 8 went from 731 to 783, and the Vantage 4 score Sync uses went from 765 to 783. But I do need to stop by Lowes and buy a potted plant.

Re: Synchrony Bank Total Exposure Thread

notmyrealname23 — Sun, 19 Apr 2020 17:09:16 GMT

Amazon Prime Store Card: $3000, 4/19 (one CLI from 1k to 3k already)

I use this regularly, PIF regularly. Don't see myself ever getting above 1-2k in utilization (maybe I'd buy a new laptop on it someday? use the pay over time feature?) so I don't really need this credit limit to go to the sky, if it went to 5k I'd probably be happy (and 3k is all right). In theory replacing it with the Chase Amazon Visa would be nice and I'd be free to tell Synch "smell you later", but I am not sure I want to blow a 5/24 slot on that card.

Cathay Pacific Visa Card (note, not the Signature, the Platinum): $2500, 1/20 (my first "churn for the SUB" card)

I floated up a pretty large balance at one point on the Cathay card to nail a SUB ($2k for 40,000 miles, I value that bonus at ~$500, I'll be able to use those miles at SOME point), but it's all PIF. I will be dropping the Cathay card in 2021 monus a compelling offer (spoiler: Synch doesn't do compelling offers on this card, generally) because the ongoing spend structure of the card isn't worth a $95 AF.

Risk: ???? (pretty low limits, that I don't actually care about taking up much, so theoretically low risk, but the reason why I'm in a credit rebuild and my scores are in the 650-680 range is the LAST recession and eventual Chapter 13 a few years later, so maybe Synch would get nervous and drop my limits or me.)

Re: Synchrony Bank Total Exposure Thread

Caught750 — Sun, 19 Apr 2020 17:25:10 GMT

2 cards

$55,000 total exposure

$85,000 reported (net) income

$7000 balance (Lowe's 84 months@7.99%)

~770 TU

Low to Mid risk? Maybe?

Re: Synchrony Bank Total Exposure Thread

Jnbmom — Sun, 19 Apr 2020 17:31:38 GMT

Total exposure 95K

Only carecredit has balance 0% for 24 months DD needed dental care .

They have messed with DH iwith 2 accounts, so far not bothered me but I consider myself a high risk ATM.

Re: Synchrony Bank Total Exposure Thread

Anonymous — Sun, 19 Apr 2020 17:44:00 GMT

Total synchrony cards is 2. Total synchrony exposure is $9,000. Total synchrony debt is $0. Fico 8 scores : Experian 742 , TransUnion 742 , and Equifax 736.

Re: Synchrony Bank Total Exposure Thread

5KRunner — Sun, 19 Apr 2020 17:50:05 GMT

@AverageJoesCredit wrote:
With all thats going on and multiple Synchrony Bank credit card account closures i figured i put this thread out here for all us nosey folk and for people to compare so we can see whos next up to bat

Current Credit Card total : 7
Current Credit Line : $79,000
Current Debt Line across all Sync cards: $25.00
Current Fico 8 scores: 714 TU 740 EX 734 EQ

High/ low candidate (in your opinion): High

Just one for me - Care Credit, with a CL of $6000 (recently lowered from $6500). I haven't used it since paying off a significant balance about a year ago.

FICO 8 are all in the 765-790 range. I wouldn't be surprised if they closed it.

Re: Synchrony Bank Total Exposure Thread

Anonymous — Sun, 19 Apr 2020 17:51:16 GMT

@5KRunner wrote:
@AverageJoesCredit wrote:
With all thats going on and multiple Synchrony Bank credit card account closures i figured i put this thread out here for all us nosey folk and for people to compare so we can see whos next up to bat

Current Credit Card total : 7
Current Credit Line : $79,000
Current Debt Line across all Sync cards: $25.00
Current Fico 8 scores: 714 TU 740 EX 734 EQ

High/ low candidate (in your opinion): High
Just one for me - Care Credit, with a CL of $6000 (recently lowered from $6500). I haven't used it since paying off a significant balance about a year ago.

FICO 8 are all in the 765-790 range. I wouldn't be surprised if they closed it.

Yeah they're going to close it soon but that's for no use rather than actual AA.

Re: Synchrony Bank Total Exposure Thread

5KRunner — Sun, 19 Apr 2020 17:53:51 GMT

@Anonymous wrote:
Yeah they're going to close it soon but that's for no use rather than actual AA.

Agreed. I've been looking for ways to use it but can't find any. I was scheduled for a dental procedure but they've canceled all appointments due to COVID-19, and I suspect I won't get in before Sync shuts me down.

Re: Synchrony Bank Total Exposure Thread

Anonymous — Sun, 19 Apr 2020 17:56:15 GMT

@5KRunner wrote:
@Anonymous wrote:
Yeah they're going to close it soon but that's for no use rather than actual AA.
Agreed. I've been looking for ways to use it but can't find any. I was scheduled for a dental procedure but they've canceled all appointments due to COVID-19, and I suspect I won't get in before Sync shuts me down.

Go buy anything except cash equivalents at Walgreens or browse the list here - https://www.carecredit.com/about/

I think Walgreens is the only one that doesn't have to be medical care related so make sure you check the actual links if you don't have a Walgreens nearby.

Re: Synchrony Bank Total Exposure Thread

Anonymous — Sun, 19 Apr 2020 17:59:37 GMT

Mine is nonexistent due to Cap1 aquiring Walmart.