topic Re: Synchrony Card Reporting 2 Days after Approval in General Credit Topics

Synchrony Card Reporting 2 Days after Approval

Jordan23ww — Wed, 13 Jul 2022 13:36:33 GMT

Wow that was fast! I got approved for the Sam's Club card issued by Synchrony on 7/11 and it already hit my credit report 7/13 not even 48 hours after approval! 😱😱😱 I haven't even received the card yet!😂

Re: Synchrony Card Reporting 2 Days after Approval

FicoGuy2019 — Wed, 13 Jul 2022 14:17:28 GMT

Congrats....2 day reporting after approval is norm for Sync.

Re: Synchrony Card Reporting 2 Days after Approval

Jordan23ww — Wed, 13 Jul 2022 15:19:53 GMT

@FicoGuy2019 wrote:
Congrats....2 day reporting after approval is norm for Sync.

Thank you for the congratulations and info! That's great to know! Good thing I wasn't just under 5/24 and thinking I had time to squeeze in a Chase application! That really would've backfired. 😂

Re: Synchrony Card Reporting 2 Days after Approval

Ilinferno — Wed, 13 Jul 2022 15:22:21 GMT

Nice approval, congrats! Synchrony reported my balance about 3 or 4 times a month for the first few months I had the card just as an FYI. After that it settled into a monthly report after statement cut.

Re: Synchrony Card Reporting 2 Days after Approval

gdale6 — Wed, 13 Jul 2022 15:50:55 GMT

Yup, Synchrony is known for reporting new accounts pretty much as soon as they are approved. Sometimes they hit the very next day.

Re: Synchrony Card Reporting 2 Days after Approval

zerofire — Wed, 13 Jul 2022 17:17:42 GMT

@Jordan23ww wrote:
Wow that was fast! I got approved for the Sam's Club card issued by Synchrony on 7/11 and it already hit my credit report 7/13 not even 48 hours after approval! 😱😱😱 I haven't even received the card yet!😂

That is slow. Last time I had a Synchrony Bank account opened it reported within 1hr, think it was 10-15min. Synchrony Bank is starting to slip.

Re: Synchrony Card Reporting 2 Days after Approval

M_Smart007 — Thu, 14 Jul 2022 01:27:25 GMT

@FicoGuy2019 wrote:
Congrats....2 day reporting after approval is norm for Sync.

@FicoGuy2019, 2 day reporting might be the norm, guess I am "special"

Re: Synchrony Card Reporting 2 Days after Approval

Jordan23ww — Fri, 15 Jul 2022 16:46:28 GMT

@Ilinferno wrote:
Nice approval, congrats! Synchrony reported my balance about 3 or 4 times a month for the first few months I had the card just as an FYI. After that it settled into a monthly report after statement cut.

@Ilinferno thank you so much for the congrats and info! This is good to know! I'll be on the lookout for this type of activity too! I appreciate the heads up! Also I love your card line up!

Re: Synchrony Card Reporting 2 Days after Approval

Jordan23ww — Fri, 15 Jul 2022 16:48:17 GMT

@zerofire wrote:
@Jordan23ww wrote:
Wow that was fast! I got approved for the Sam's Club card issued by Synchrony on 7/11 and it already hit my credit report 7/13 not even 48 hours after approval! 😱😱😱 I haven't even received the card yet!😂

That is slow. Last time I had a Synchrony Bank account opened it reported within 1hr, think it was 10-15min. Synchrony Bank is starting to slip.

@zerofire oh wow! That's very interesting! They reported the inquiry immediately, I guess they gave me a break on the card reporting immediately! Lol!

Re: Synchrony Card Reporting 2 Days after Approval

babygirl1256 — Mon, 18 Jul 2022 04:53:59 GMT

@Jordan23ww Congrats on your Synchrony Sam's Club card approval . . . that was fast and a bummer but the score drop should bounce back real soon!!!

Re: Synchrony Card Reporting 2 Days after Approval

Anonymous — Mon, 18 Jul 2022 05:00:14 GMT

@Jordan23ww Wow that was incredibly fast. My fastest was a personal loan from Upstart. It reported one week later, and I was surprised at how fast that was.

Re: Synchrony Card Reporting 2 Days after Approval

Anonymous — Mon, 18 Jul 2022 04:59:34 GMT

@zerofire wrote:

That is slow. Last time I had a Synchrony Bank account opened it reported within 1hr, think it was 10-15min. Synchrony Bank is starting to slip.

@zerofire Unreal!

Re: Synchrony Card Reporting 2 Days after Approval

Jordan23ww — Tue, 19 Jul 2022 19:45:48 GMT

@babygirl1256 wrote:
@Jordan23ww Congrats on your Synchrony Sam's Club card approval . . . that was fast and a bummer but the score drop should bounce back real soon!!!

@babygirl1256 Thank you so much! Thankfully I'm not concerned about the score dropping a little. On MyFico I only lost 1 point on Experian but didn't lose anything on Equifax or Transunion. Thank you for those well wishes though on it bouncing back.

Re: Synchrony Card Reporting 2 Days after Approval

Jordan23ww — Tue, 19 Jul 2022 19:47:13 GMT

@Anonymous wrote:
@Jordan23ww Wow that was incredibly fast. My fastest was a personal loan from Upstart. It reported one week later, and I was surprised at how fast that was.

@Anonymous oh wow! That was also extremely fast!😳😱

Re: Synchrony Card Reporting 2 Days after Approval

Jordan23ww — Sat, 13 Aug 2022 20:26:35 GMT

@Ilinferno wrote:
Nice approval, congrats! Synchrony reported my balance about 3 or 4 times a month for the first few months I had the card just as an FYI. After that it settled into a monthly report after statement cut.

@Ilinferno well you warned me about this and today it happened to me! I got MyFico alerts regarding my Sam's Club card today dated 8/11/22 with a balance. My closing date isn't until the 17th of the month. I called Synchrony just to confirm my closing date and they confirmed my date is the 17th and my August statement is still open. I do AZEO and like my card to report as close to 1% as possible. It's reporting at 15% currently and I had planned to pay it off or down considerably in the next day or so to report a low balance. They said if I pay before the 17th that the new balance will be updated again to the bureaus when the statement closes. That was good to hear. I know utilization has no memory but I still try to avoid reporting anything over 9% and the closer to 1% the better for me. Thank you again for warning me about this!

Re: Synchrony Card Reporting 2 Days after Approval

Ilinferno — Sun, 14 Aug 2022 03:25:01 GMT

@Jordan23ww

Hey! No problem haha. At least it was only 15% and it will update soon. But I definitely understand wanting to keep it under 9% if only for peace of mind

Re: Synchrony Card Reporting 2 Days after Approval

zerofire — Thu, 18 Aug 2022 17:04:53 GMT

Synchrony Bank does not play around. They are a subprime lender so they have to be faster than you think so that they can steak claim and warn other lenders of conflict. Most normal customers for them barely qualify for credit and if they do not pay attention the customer will ask multiple lenders to fill what little credit they qualify for.