topic Re: Does FICO hate the Walgreens Store Card? in Understanding FICO® Scoring

Does FICO hate the Walgreens Store Card?

ladybug2016 — Fri, 11 Jul 2025 16:43:56 GMT

Hi all!

I had the store card version with a $1,500 credit limit. I owed around $200, paid in full and closed the card because after I paid it off, they lowered the limit to $100 for honestly no reason (that's Synchrony, right?)

Anyway, my EQ went up 18 pts and TU 11 points when notified of the closure. It hasn't updated on EX yet but wow! The bureaus must not have liked that credit card on my profile.

Target is my only other store card. I think I should close it for another possible jump.

Re: Does FICO hate the Walgreens Store Card?

GZG — Fri, 11 Jul 2025 16:55:11 GMT

@ladybug2016 wrote:
Hi all!
I had the store card version with a $1,500 credit limit. I owed around $200, paid in full and closed the card because after I paid it off, they lowered the limit to $100 for honestly no reason (that's Synchrony, right?)

Anyway, my EQ went up 18 pts and TU 11 points when notified of the closure. It hasn't updated on EX yet but wow! The bureaus must not have liked that credit card on my profile.

Target is my only other store card. I think I should close it for another possible jump.

I wonder if the score changes were simply due the utilization and assigned to the event that triggered of the card closure

but yeah, eating the synchrony axe is a time-honored passage, if I make it 5 or 10 years with my PPMC without it going untouched, they should award me a medal or something, much less if I have the gall to get a google store account or something else

Re: Does FICO hate the Walgreens Store Card?

ladybug2016 — Fri, 11 Jul 2025 17:33:22 GMT

Thanks for the reply @GZG !

It's definitely possible it was the utilization.

My only Synchrony cards left are the PayPal MC, Venmo and PayPal Credit, which I've had for years!

If they lower those, I'll close them too, but I do like the MC a lot. I hope they leave yours alone. You probably have a MUCH higher limit than I do. Nothing I have with Synch have very high credit limits, so I thought I was flying under their radar, until this.

Re: Does FICO hate the Walgreens Store Card?

SouthJamaica — Fri, 11 Jul 2025 20:12:38 GMT

@ladybug2016 wrote:
Hi all!
I had the store card version with a $1,500 credit limit. I owed around $200, paid in full and closed the card because after I paid it off, they lowered the limit to $100 for honestly no reason (that's Synchrony, right?)

Anyway, my EQ went up 18 pts and TU 11 points when notified of the closure. It hasn't updated on EX yet but wow! The bureaus must not have liked that credit card on my profile.

Target is my only other store card. I think I should close it for another possible jump.

It's one of the few cards for which I still get preapprovals. But I fight the urge to apply, knowing that it's a Synchrony product.

Re: Does FICO hate the Walgreens Store Card?

ladybug2016 — Fri, 11 Jul 2025 22:09:39 GMT

@SouthJamaica

Unlike me, I'm sure you'd get the MC version, but you're smart to resist.

I had the card about 4 years. Rewards racked up quickly. At least my Apple Card gets 3% there so that's fine.

Re: Does FICO hate the Walgreens Store Card?

FicoMike0 — Sun, 13 Jul 2025 00:29:41 GMT

The last sync card I had is about to pass the 10 year event horizon. I don't miss them.

Re: Does FICO hate the Walgreens Store Card?

ladybug2016 — Tue, 15 Jul 2025 02:37:08 GMT

@FicoMike0

That's a long time! I think I'll say goodbye to my Venmo card next. Glad to hear you don't miss them. Hopefully, I won't either.