topic Re: Synchrony sent me a CareCredit MasterCard in Credit Cards

Synchrony sent me a CareCredit MasterCard

Medic981 — Sat, 16 Oct 2021 04:25:28 GMT

It has been a while since I have posted on the boards.

Today I received a CareCredit MasterCard in the mail from Synchrony. I was shocked as I know Synchrony is closing down accounts left and right.

I just paid off a $4,000 balance in 9 months which is what makes me think Synchrony sent the MC. I have until 3/31/22 to activate the card.

Problem is that I want a few Chase CC and I took a hit on my 5/24 opening the CareCredit account in January and few others so in the past 2 years so I believe I am 3/24 until March 2022.

My question to the MyFICO community is will accepting this MC going to add to my 5/24 count or will it just be an upgrade to the original account?

Thanks in advance for any advice.

Re: Synchrony sent me a CareCredit MasterCard

KingPredator — Sat, 16 Oct 2021 04:32:58 GMT

@Medic981 wrote:
It has been a while since I have posted on the boards.

Today I received a CareCredit MasterCard in the mail from Synchrony. I was shocked as I know Synchrony is closing down accounts left and right.

I just paid off a $4,000 balance in 9 months which is what makes me think Synchrony sent the MC. I have until 3/31/22 to activate the card.

Problem is that I want a few Chase CC and I took a hit on my 5/24 opening the CareCredit account in January and few others so in the past 2 years so I believe I am 3/24 until March 2022.

My question to the MyFICO community is will accepting this MC going to add to my 5/24 count or will it just be an upgrade to the original account?

Thanks in advance for any advice.

Someone else had the same scenario a few days ago and based on some of the answers it does appear to report as a new account if you take the upgrade.

Re: Synchrony sent me a CareCredit MasterCard

delaney1 — Sat, 16 Oct 2021 05:34:05 GMT

@Medic981 wrote:
It has been a while since I have posted on the boards.

Today I received a CareCredit MasterCard in the mail from Synchrony. I was shocked as I know Synchrony is closing down accounts left and right.

I just paid off a $4,000 balance in 9 months which is what makes me think Synchrony sent the MC. I have until 3/31/22 to activate the card.

Problem is that I want a few Chase CC and I took a hit on my 5/24 opening the CareCredit account in January and few others so in the past 2 years so I believe I am 3/24 until March 2022.

My question to the MyFICO community is will accepting this MC going to add to my 5/24 count or will it just be an upgrade to the original account?

Thanks in advance for any advice.

I just got this card a few days ago as well. YMMV, but there have been recent reports that Synchrony is handling MasterCard upgrades differently now. A poster did a Sam's upgrade, and it was not listed as a new tradeline on their credit report. Another poster experienced the same thing with upgrading a CareCredit card. I'm waiting for a while to see how this plays out, because I'm not interested in opening a new tradeline.

Here are the two threads that have this information:

https://ficoforums.myfico.com/t5/Credit-Cards/Sam-s-Club-SYNCB-upgrade-to-MC-World-Elite-question/td-p/6424186

https://ficoforums.myfico.com/t5/Credit-Cards/CareCredit-Upgrade/td-p/6412275

Re: Synchrony sent me a CareCredit MasterCard

SoCalGardener — Sat, 16 Oct 2021 19:18:52 GMT

@Medic981 wrote:

Today I received a CareCredit MasterCard in the mail from Synchrony.

I had no idea that was still being done! If I'm understanding correctly, that is. So you didn't apply for or accept an offer for this card, it just showed up in your mail? And you can decide whether or not to keep it? I thought that had stopped back in the '80s or '90s.

Re: Synchrony sent me a CareCredit MasterCard

Rebuild2019 — Sat, 16 Oct 2021 19:35:54 GMT

@Medic981 does the new card have the same number as the old card? When NFCU upgraded my card to a signature I had the same card number so it was really an upgrade.

Re: Synchrony sent me a CareCredit MasterCard

FinStar — Sat, 16 Oct 2021 19:42:57 GMT

@SoCalGardener wrote:
@Medic981 wrote:

Today I received a CareCredit MasterCard in the mail from Synchrony.

I had no idea that was still being done! If I'm understanding correctly, that is. So you didn't apply for or accept an offer for this card, it just showed up in your mail? And you can decide whether or not to keep it? I thought that had stopped back in the '80s or '90s.

My understanding on these upgrades, one would have had to accept an offer to receive the plastic. SYNCB doesn't typically just send out a card without accepting the upgrade, granted you have time to accept said upgrade by a specific date, but that's when the upgrade offer is presented (whether via online pop-up or mailer), if interested.

Re: Synchrony sent me a CareCredit MasterCard

Loquat — Sat, 16 Oct 2021 23:57:41 GMT

That’s been my experience. I accepted the upgrade when I randomly logged into my CareCredit account and when accepted the card arrived. I think the days of sending cards in the mail without solicitation ending some 30+ years ago.

Re: Synchrony sent me a CareCredit MasterCard

FinStar — Sun, 17 Oct 2021 00:30:17 GMT

@Rebuild2019 wrote:
@Medic981does the new card have the same number as the old card? When NFCU upgraded my card to a signature I had the same card number so it was really an upgrade.

@Rebuild2019the CareCredit upgrade would be going from a non-MC version to MC so the actual account number would change.

Re: Synchrony sent me a CareCredit MasterCard

delaney1 — Sun, 17 Oct 2021 00:40:27 GMT

@Loquat wrote:
That’s been my experience. I accepted the upgrade when I randomly logged into my CareCredit account and when accepted the card arrived. I think the days of sending cards in the mail without solicitation ending some 30+ years ago.

Not for me, got the card in the mail the other day. Have until March 2022 to accept upgrade offer.

Re: Synchrony sent me a CareCredit MasterCard

Rebuild2019 — Sun, 17 Oct 2021 16:50:58 GMT

Thanks @FinStar

Re: Synchrony sent me a CareCredit MasterCard

CreditInspired — Sun, 17 Oct 2021 19:01:20 GMT

@SoCalGardener wrote:
@Medic981 wrote:

Today I received a CareCredit MasterCard in the mail from Synchrony.

I had no idea that was still being done! If I'm understanding correctly, that is. So you didn't apply for or accept an offer for this card, it just showed up in your mail? And you can decide whether or not to keep it? I thought that had stopped back in the '80s or '90s.

I was thinking the same thing.

Re: Synchrony sent me a CareCredit MasterCard

Jnbmom — Sun, 17 Oct 2021 19:04:41 GMT

Nope I got the card in the mail. Nothing showed online ,email etc. It just showed up had til March 2022 to accept it .

Re: Synchrony sent me a CareCredit MasterCard

Medic981 — Mon, 01 Nov 2021 14:12:01 GMT

To clarify, I have a CareCredit account with a $4000 CL and Synchrony sent me an unsolicited CareCredit MC with the same $4000 CL after having paid off $4000 that I incurred in February. I have until March 31, 2022, to decide if I want to activate it.

Re: Synchrony sent me a CareCredit MasterCard

Medic981 — Mon, 01 Nov 2021 14:13:42 GMT

No, the original account starts with a 6000 series number and the MC starts with a 5000 series number. This makes me wonder if it will show up as a new tradeline.

Re: Synchrony sent me a CareCredit MasterCard

Medic981 — Mon, 01 Nov 2021 14:15:27 GMT

The MC just appeared in the mail from Synchrony. I did not request it. It is the first time I have received a CC without actually applying for it.

Re: Synchrony sent me a CareCredit MasterCard

Medic981 — Mon, 01 Nov 2021 14:16:39 GMT

I had the same experience as well.

Re: Synchrony sent me a CareCredit MasterCard

SoCalGardener — Mon, 01 Nov 2021 18:48:40 GMT

@Medic981 wrote:
The MC just appeared in the mail from Synchrony. I did not request it. It is the first time I have received a CC without actually applying for it.

That was exactly how I interpreted it--but I thought this practice had stopped 30+ years ago! I had no idea some banks were still doing it.

BTW, if you 'quote' when you're replying to a post, then we'll know who/what you're responding to!

Re: Synchrony sent me a CareCredit MasterCard

Anonymous — Wed, 03 Nov 2021 03:51:31 GMT

Unless you requested an upgrade, if it doesn't say anything about product change/upgrade you can assume that it will count as a new account.

Re: Synchrony sent me a CareCredit MasterCard

FinStar — Wed, 03 Nov 2021 04:00:34 GMT

@Anonymous wrote:
Unless you requested an upgrade, if it doesn't say anything about product change/upgrade you can assume that it will count as a new account.

@Anonymous - It's been recently reported by a number of members that point to SYNCB recently changing their reporting methodology for V/MC upgrades. It appears as of last month, they no longer report as "new" tradelines and inherit the history from the predecessor store card.

Re: Synchrony sent me a CareCredit MasterCard

Anonymous — Wed, 03 Nov 2021 04:02:08 GMT

@FinStar wrote:
@Anonymous wrote:
Unless you requested an upgrade, if it doesn't say anything about product change/upgrade you can assume that it will count as a new account.
@Anonymous - It's been recently reported by a number of members that point to SYNCB recently changing their reporting methodology for V/MC upgrades. It appears as of last month, they no longer report as "new" tradelines and inherit the history from the predecessor store card.

Ha, new to me then! Thanks for letting me know! You'd think that they would at least let you know, haha!