topic Re: Synchrony credit balance check? in Credit Cards

Synchrony credit balance check?

IcyCool7227 — Mon, 17 Jun 2024 07:43:07 GMT

I was looking for an old thread where a poster said they pay off the balance on I think, their Capital One card or something and then request a check. Not sure if that could be done with the Amazon Store card. If I paid off my $3k plus balance right now and applied the rewards as statement credit after it goes back to a zero balance, would that initiate a check to be sent in the mail? I ask because of course you can use the cash to pay future bills via debit card that earns cashback on credit card payments. If anyone knows the answer or that thread please let me know.

Re: Synchrony credit balance check?

tampaguy — Mon, 17 Jun 2024 12:37:39 GMT

Having a credit balance on your Synchrony Amazon account will not initiate a check being sent to you. However, you can request a check via chat, customer service or a link that will appear under the balance information.

Re: Synchrony credit balance check?

FlaDude — Mon, 17 Jun 2024 18:14:44 GMT

I'm pretty sure I got an automatic check on my Sync Lowe's card when I had a credit balance. I think it took a couple of months. I know other companies have done the same.

Re: Synchrony credit balance check?

SouthJamaica — Mon, 17 Jun 2024 18:20:00 GMT

@IcyCool7227 wrote:
I was looking for an old thread where a poster said they pay off the balance on I think, their Capital One card or something and then request a check. Not sure if that could be done with the Amazon Store card. If I paid off my $3k plus balance right now and applied the rewards as statement credit after it goes back to a zero balance, would that initiate a check to be sent in the mail? I ask because of course you can use the cash to pay future bills via debit card that earns cashback on credit card payments. If anyone knows the answer or that thread please let me know.

If you want to apply the rewards as a statement credit, you should do that before, rather than after, you pay it off.

Re: Synchrony credit balance check?

Pppoolboy — Mon, 17 Jun 2024 20:28:48 GMT

I think his point is that he doesn't want to apply the points as a statement credit at all until after he's paid off the (uncorrected) balance. He wants to pay off the card with a debit card that gets cash back, then get a check for the cash equivalent of the points that are redeemed in such a way as to bring his balance negative (overall credit to his account).

This can be done (not with the Amazon cards) but it seems extremely cumbersome unless you're spending a ton of money each month.

I (sort of) do this with my Avant 2% cash back card (it automatically knocks 2% off the statement) and my credit union's 1% back debit card to give me essentially 3% cash back on anything. I use the Avant card then, right before the statement cuts, I pay it with a debit card (which only Avant and Aspire allow, AFAIK) which gives me 1% back, then let the 2% cash back hit and credit my account. However, I don't ask for a check, I just continue using the card. Future purchases still get 2% back even though they're using the account credit. Asking for a ~$50 check each month would not be worth it for me.

Re: Synchrony credit balance check?

IcyCool7227 — Tue, 06 Aug 2024 00:35:20 GMT

Just wanted to add my thoughts again. I have $34.12 in Capital One Reward points so they allow checks to be sent for that amount but it can take up to 6 weeks to receive. And since creditors like Capital One and Chase don't take debit card or even PayPal bill payments it'd be kinda pointless to request a check, unless of course the balance is so low and I'm not planning to use the card for a while. To me then it would make the most sense to just use the rewards as a direct statement credit as the bill can only be paid via bank account pretty much anyways.

Re: Synchrony credit balance check?

DoppelgangerD — Tue, 06 Aug 2024 05:03:50 GMT

I just did this exact thing with my Synchrony Amazon card last week.

When you have a credit amount, you have to wait about a month and then there will be a message when you look at your account, describing what your options are, and you can start a chat or call them and have them send a check which takes about a week to receive.

I don't know for sure, but once your account shows a negative balance, you may be able to call them and ask instead of waiting.

In my case, I had a significant cashback balance saved up, and I'm using a different card for Amazon right now, so didn't want to let it sit any longer, otherwise I would've just used it to pay the balance(s).

Re: Synchrony credit balance check?

Mr_Pink — Sat, 21 Dec 2024 08:49:35 GMT

when was the last time you reuested a check!!??? I request one every month for my cashback rewards and it takes about 1-2 weeks to get here. I do this because Cashback is non taxeable income and I can put it into the S&P500(VOO) and watch it grow. I did the math and because of compound interest my account with be about 400k by the times I retire assuming about $100/month in cashback/SUB/Offers