topic Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ? in Credit Cards

America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

4sallypat — Thu, 04 Jul 2024 13:45:02 GMT

Synchrony - America's Tire card I have had for over 20 years just did a credit line decrease.

Used to be $4000 and always paid off the account with their 0% offers.

I don't use the account much except when I need tires or rims.

Should I be worried it dropped to $2500 ?

Is this a sign to expect more CLD ?

All my other Synchrony accounts have not dropped or decreased:

MC $5000

Amazon Prime $5000

eBay MC $5000

DX Engineering $3000

Mattress Firm $6000

PayPal MC $6000

Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

JoeRockhead — Thu, 04 Jul 2024 13:59:57 GMT

Synchrony is an odd bird known to CLD and/or simply shut down cards with no notice. I don't know that anyone can predict what they might do with any kind of accuracy. You might consider contacting them and ask for your limit back. There was this thread recently by @AverageJoesCredit which you might find useful.

Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

CreditCuriosity — Thu, 04 Jul 2024 14:05:25 GMT

Just ask for CLI online and likely will get it all back. Guessing you havent used it for awhile.

Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

AverageJoesCredit — Thu, 04 Jul 2024 14:24:28 GMT

@JoeRockhead wrote:
Synchrony is an odd bird known to CLD and/or simply shut down cards with no notice. I don't know that anyone can predict what they might do with any kind of accuracy. You might consider contacting them and ask for your limit back. There was this thread recently by @AverageJoesCredit which you might find useful.

Yes, you should be ok. Just request a cli , I'd put $10k to maximize it just in case but hopefully they restore it exactly or at least give you back some. My guess is non usage so after submitting your request and approved use the card once and then just try to make a small purchase every couple months. Good luck

Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

4sallypat — Thu, 04 Jul 2024 21:34:33 GMT

Yes, it hasn't been used in a while.

Only time I use it is for tires between 3 vehicles.

Last time I used it was 2 years ago and paid it off in 12 months with 0% interest.

Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

ptatohed — Fri, 05 Jul 2024 09:35:21 GMT

Lack of use. It's gonna happen.

My America's Tire was closed for lack of use.

Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

FlaDude — Fri, 05 Jul 2024 15:26:09 GMT

Sync seems to pull the trigger on lack of use a lot quicker than most issuers. My wife's JCP was CLD'ed from 20k to 500 after one year of no use, and closed after another year. OTOH, I have at least one Amex card that hasn't seen use in at least a couple of years and they don't seem to care.

Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

MrDuck — Fri, 05 Jul 2024 15:52:03 GMT

I wouldn't worry to much. It's happened to me and I called them a week or so before buying new tires and told them I needed a increase to $$$$ for new tires. I was givin the increase I needed. Granted that was years ago and I now use other cards that give me cash/points back at a better rate.

Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

Gregory1776 — Fri, 05 Jul 2024 17:22:24 GMT

@JoeRockhead wrote:
Synchrony is an odd bird known to CLD and/or simply shut down cards with no notice. I don't know that anyone can predict what they might do with any kind of accuracy. You might consider contacting them and ask for your limit back. There was this thread recently by @AverageJoesCredit which you might find useful.

I had a 18,000 limit on my care credit card, 4-5 years ago. They reduced it to 6K randomly, and then closed it a while after that. I used 6 k and had it paid off within 6 months, then stopped using it.

I wouldn't worry about it, but that's up to you.

Save up the cash for your tires, buy insurance for them incase you have a blowout, then you won't need to finance these relatively low cost expenses.

reason why I closed my Home Depot card dispite no harm coming to me leaving it open. I cannot stand the deferred interest crap, the threat of it.

Re: America's Tire (Synchrony) lowered CL ? Should I be worried about CLD ?

4sallypat — Sat, 06 Jul 2024 14:58:12 GMT

Yes, thanks for all your support!

I'll use other cards if Sync closes my tire card.

Helps to have over $250K of credit lines elsewhere.