topic Re: Synchrony Off Cycle CB Updates in Credit Cards

Synchrony Off Cycle CB Updates

nykos5000 — Wed, 15 Jul 2020 18:46:53 GMT

Just an FYI, I have one Synchrony PP 2% CB card and after a large purchase last month, I am now getting random mid cycle reporting updates regularly. I had the card for over a year and they were always consistent with reporting once every billing cycle. I'm not sure if the economic downturn from COVID-19 plus the one large purchase have them acting weird but this is annoying as I like to have total control of how my credit utilization is reported with AZEO...thinking about throwing this card in the sock drawer and using my Cap1 QS as my other DD along with my Cap1 Savor.

Re: Synchrony Off Cycle CB Updates

Anonymous — Wed, 15 Jul 2020 19:05:11 GMT

Synch has been known to report after large purchases, kind of sporadically. There are quite a few testimonials to the aggravation this causes here in the forum.

Re: Synchrony Off Cycle CB Updates

SouthJamaica — Wed, 15 Jul 2020 19:08:21 GMT

@nykos5000 wrote:
Just an FYI, I have one Synchrony PP 2% CB card and after a large purchase last month, I am now getting random mid cycle reporting updates regularly. I had the card for over a year and they were always consistent with reporting once every billing cycle. I'm not sure if the economic downturn from COVID-19 plus the one large purchase have them acting weird but this is annoying as I like to have total control of how my credit utilization is reported with AZEO...thinking about throwing this card in the sock drawer and using my Cap1 QS as my other DD along with my Cap1 Savor.

I closed my beloved Marvel card because of this. It's my understanding that their reporting is quite random.

Re: Synchrony Off Cycle CB Updates

AverageJoesCredit — Wed, 15 Jul 2020 22:51:14 GMT

It does suck. It would always hsppen to me on my Amazon card. I knew i had time to pay it before due date or statement cut but then bam, i was like you son of a Chase!

Re: Synchrony Off Cycle CB Updates

blazerein — Thu, 16 Jul 2020 05:06:20 GMT

@nykos5000 It happened to me as well. I have the TJ Max MC and put Netflix payment every 15th of the month. I know this card post to the CB every 29th of the month but when Netflix post it payment on the 15th, it shows pending under my TJ Max account but they already post it the same day that I have a balance of $16. Crazy Synchrony.... smh

Re: Synchrony Off Cycle CB Updates

Anonymous — Thu, 16 Jul 2020 08:39:03 GMT

And yet my washer and dryer purchase ($1500ish) 3 weeks ago was not reported until my statement cut date this week. I wonder if it's because I had a balance on the card already. Maybe it's them reporting whenever a non-zero balance occurs?

Re: Synchrony Off Cycle CB Updates

AverageJoesCredit — Thu, 16 Jul 2020 12:24:16 GMT

@Anonymous wrote:
And yet my washer and dryer purchase ($1500ish) 3 weeks ago was not reported until my statement cut date this week. I wonder if it's because I had a balance on the card already. Maybe it's them reporting whenever a non-zero balance occurs?

No , its because you're the Devil and nobody playin with Homie when it comes to washing ones credit sins

Re: Synchrony Off Cycle CB Updates

Remedios — Thu, 16 Jul 2020 14:31:23 GMT

@AverageJoesCredit wrote:
It does suck. It would always hsppen to me on my Amazon card. I knew i had time to pay it before due date or statement cut but then bam, i was like you son of a Chase!

What's wrong with Chase?

Re: Synchrony Off Cycle CB Updates

HeavenOhio — Thu, 16 Jul 2020 14:43:02 GMT

This was going on before COVID. The moral of the story is to be very careful about how you use Synchrony cards during the mortgage process. If you need your balance to be at zero, you're going to have to sock-drawer the card. If a positive balance is acceptable, plan your charges and payments so you can keep that balance low.

Re: Synchrony Off Cycle CB Updates

Brian_Earl_Spilner — Thu, 16 Jul 2020 14:44:38 GMT

@Anonymous wrote:
And yet my washer and dryer purchase ($1500ish) 3 weeks ago was not reported until my statement cut date this week. I wonder if it's because I had a balance on the card already. Maybe it's them reporting whenever a non-zero balance occurs?

Nah, I'll go months with them only reporting statement balance, then out of the blue they'll report a charge. Doesn't matter if my card has 0 balance or not. That'll happen for a couple of months, then back to normal.

Re: Synchrony Off Cycle CB Updates

Duke_Nukem — Thu, 16 Jul 2020 14:48:13 GMT

My DW's new Verizon CC is getting updated everytime a charge is put on it. Was planning on using that card quite a bit, but this will get annoying if it continues.

Re: Synchrony Off Cycle CB Updates

gdale6 — Thu, 16 Jul 2020 16:04:50 GMT

Also if you have multi account with Synch they will report all with balances at EACH stmts cycle date. A big reason I canned a lot of accounts with them and will not get more than my Lowes and Marvel

Re: Synchrony Off Cycle CB Updates

Remedios — Thu, 16 Jul 2020 18:47:24 GMT

This was the reason I closed my only card. I cannot see what compelled them to alert everyone I spent $7.00 at Walmart.