topic Re: Synchrony CLD in Credit Cards

Synchrony CLD

Cashbackjunky — Fri, 03 Jun 2022 00:55:23 GMT

Hey All,

Just logged into my Discount Tire Synchrony account today and it dropped from $10k to $2.5k ((

I just checked it yesterday, since I was approved for my Elan MCP and I was updating my signature. Checked all my CL's to ensure accuracy on my sig - it was at $10k.

When I saw it was at $2.5k today, I requested a CLI. Asked to get back to $10k and they countered with $7.5k

I'm not sure if it'll stick. To be fair, I haven't put a charge on it in ~4 years... I got a CLD (from $25k to $10k) when COVID hit.

I'm not sure if Synch might start doing this across the board, or just because I never use it. Just an fyi

Thanks!

Jordan

Re: Synchrony CLD

AverageJoesCredit — Fri, 03 Jun 2022 01:04:18 GMT

@Cashbackjunky wrote:
Hey All,

Just logged into my Discount Tire Synchrony account today and it dropped from $10k to $2.5k ((

I just checked it yesterday, since I was approved for my Elan MCP and I was updating my signature. Checked all my CL's to ensure accuracy on my sig - it was at $10k.

When I saw it was at $2.5k today, I requested a CLI. Asked to get back to $10k and they countered with $7.5k

I'm not sure if it'll stick. To be fair, I haven't put a charge on it in ~4 years... I got a CLD (from $25k to $10k) when COVID hit.

I'm not sure if Synch might start doing this across the board, or just because I never use it. Just an fyi

Thanks!
Jordan

Non use , no need to set off the panic alarms. They gave back some limit which is a good sign but if it's not worth putting a small charge every couple months maybe time to close it.

Re: Synchrony CLD

Cashbackjunky — Fri, 03 Jun 2022 01:36:40 GMT

@AverageJoesCredit wrote:
@Cashbackjunky wrote:
Hey All,

Just logged into my Discount Tire Synchrony account today and it dropped from $10k to $2.5k ((

I just checked it yesterday, since I was approved for my Elan MCP and I was updating my signature. Checked all my CL's to ensure accuracy on my sig - it was at $10k.

When I saw it was at $2.5k today, I requested a CLI. Asked to get back to $10k and they countered with $7.5k

I'm not sure if it'll stick. To be fair, I haven't put a charge on it in ~4 years... I got a CLD (from $25k to $10k) when COVID hit.

I'm not sure if Synch might start doing this across the board, or just because I never use it. Just an fyi

Thanks!
Jordan
Non use , no need to set off the panic alarms. They gave back some limit which is a good sign but if it's not worth putting a small charge every couple months maybe time to close it.

"Just an fyi" is hardly setting off panic alarms Just sharing my experience with the community

I acknowledge I haven't put spend on it, and that's likely the reason. I don't want to close it as it's a useful card - I've just been fortunate enough to get new vehicles before needing tires, the last 4 years

I'm truly not trying to sound any alarms. Just sharing my credit news with this credit forum.

Thanks!

Jordan

Re: Synchrony CLD

CYBERSAM — Fri, 03 Jun 2022 02:53:37 GMT

Four years of inactivity and that card is still open! That's not bad actually...

Re: Synchrony CLD

SUPERSQUID — Fri, 03 Jun 2022 04:50:45 GMT

Re: Synchrony CLD

AwsiDooger — Fri, 03 Jun 2022 08:10:22 GMT

I am at $2500 with Discount Tire also. I check Synchrony frequently for just this reason, to see if they have sliced limits or closed any accounts. I basically haven't used any of them in two years, after my dentist stopped accepting Care Credit and the pandemic caused me to cancel planned fall trips in both 2020 and 2021. I certainly don't need tires, Discount or otherwise, and thankfully Pep Boys has not seen my car since literally days before the outbreak of the pandemic.

Synchrony sends me emails all the time touting that Discount Tire and Pep Boys cards can be used for gas purchases. Sorry, I'm not doing that without incentive. These days 5% is 20+ cents per gallon and 10% has turned into 40+ cents. I am using those promotions, which are particularly frequent as Chase Offers, and ignoring all the 5 and 10 cents off nonsense.

Maybe some day I'll pull up to a station and put $2 of gas on each card.

Mostly I'm concerned with Care Credit. That was already sliced from $17,800 to $6000. I think I mentioned here that Walmart accepts Care Credit for certain health items, if purchased in store. I grab a 4-pack of Carmex lip balm.

Re: Synchrony CLD

Yasselife — Fri, 03 Jun 2022 10:40:04 GMT

Thank you for sharing, @Cashbackjunky

Re: Synchrony CLD

AverageJoesCredit — Fri, 03 Jun 2022 12:25:18 GMT

@Cashbackjunky wrote:
@AverageJoesCredit wrote:
@Cashbackjunky wrote:
Hey All,

Just logged into my Discount Tire Synchrony account today and it dropped from $10k to $2.5k ((

I just checked it yesterday, since I was approved for my Elan MCP and I was updating my signature. Checked all my CL's to ensure accuracy on my sig - it was at $10k.

When I saw it was at $2.5k today, I requested a CLI. Asked to get back to $10k and they countered with $7.5k

I'm not sure if it'll stick. To be fair, I haven't put a charge on it in ~4 years... I got a CLD (from $25k to $10k) when COVID hit.

I'm not sure if Synch might start doing this across the board, or just because I never use it. Just an fyi

Thanks!
Jordan
Non use , no need to set off the panic alarms. They gave back some limit which is a good sign but if it's not worth putting a small charge every couple months maybe time to close it.
"Just an fyi" is hardly setting off panic alarms Just sharing my experience with the community

I acknowledge I haven't put spend on it, and that's likely the reason. I don't want to close it as it's a useful card - I've just been fortunate enough to get new vehicles before needing tires, the last 4 years

I'm truly not trying to sound any alarms. Just sharing my credit news with this credit forum.

Thanks!
Jordan

I know this. But if you've been on this forum long enough you know a thread will start with I was cld from Sync etc.....then it turns into a smash Sync thread, or even a Cap One adventure, then we find out a missing piece , the most important piece ( in your case 4 years of no usage) and that's after everyone adds their theory and conspiracy lol.

I don't mind FYI post as it does help others but at same time as the norm in society, people become overly sensitive to a jest or anything they perceive to be a negative comment. Many of us are regulars here so my style is a bit offbeat but always with best intentions. Thanks for sharing.

Re: Synchrony CLD

bigseegar — Fri, 03 Jun 2022 16:43:05 GMT

Gotta agree with AverageJoe and it's mostly your Post title because does kinda "sound an alarm" when there really isn't one. Sync is well known for closing accts for no clear reason so posts like this while I know was well intended do raise "oh crap" flags when folks see your title. I mean a CLD when the card hasn't been used in 4 years is not even "news worthy" lol really and to be expected with any store card lender really.

Re: Synchrony CLD

gdale6 — Sun, 05 Jun 2022 13:52:03 GMT

If you want to keep it you need to use it, closure is next. I'm surprised its not been closed since the last use was 4 years ago.

Re: Synchrony CLD

NoMoreE46 — Sat, 11 Jun 2022 03:08:37 GMT

So this has got me asking if anyone here with a Synchrony card has had greater than four years of inactivity without a CLD?

Re: Synchrony CLD

KeithW — Fri, 08 Jul 2022 05:51:28 GMT

I have had several Synchrony cards for about a decade. We go back and forth. They will give me huge Credit limits for store cards, then follow them down to the balance and even close some. A few months later they will raise all the limits back up and start sending me offers to open new accounts to replace the closed ones. I have done this dance twice with them. It seems like they get spooked every few years and then settle back down. Strange behavior. My Chase and Cap One cards never do this and are just reliable, but don't have as high of CL.

Re: Synchrony CLD

purebulldogs — Fri, 08 Jul 2022 20:04:28 GMT

I used to have 2 cards with synchrony. They decreased the credit on one card, while giving me a credit increase on the other within the same week. The credit increase was a lot more than the credit decrease so I came out way ahead.

Re: Synchrony CLD

Drifter73 — Sat, 09 Jul 2022 21:21:15 GMT

Just FYI, Most, not all, credit lines are like muscles. If you don't use/exercise them, you eventually will lose them. Whether it be a decrease or a closure (over time).

Re: Synchrony CLD

NoMoreE46 — Sun, 10 Jul 2022 00:23:40 GMT

@NoMoreE46 wrote:
So this has got me asking if anyone here with a Synchrony card has had greater than four years of inactivity without a CLD?

Bump

Re: Synchrony CLD

b0yinterrupted — Fri, 15 Jul 2022 11:28:58 GMT

I just bought a car and got a new credit card; Synchrony dropped my Amazon from $400 to $180 and my Newegg from $550 to $250. If the cards were not useless before, they are now.

Re: Synchrony CLD

CreditCrusader — Fri, 15 Jul 2022 13:44:51 GMT

@b0yinterrupted wrote:
I just bought a car and got a new credit card; Synchrony dropped my Amazon from $400 to $180 and my Newegg from $550 to $250. If the cards were not useless before, they are now.

DW had the same thing happen with her Sleep Number card...only it was $3,000 CLD to $250.

Obviously, she closed it because we're all set on pillowcases.

We should all prepare for micro actions of this sort as interest rates rise and the inevitable economic contraction nears.