Amazon Card choice

[AverageJoesCredit]

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@Credit12Fico wrote:

I'd imagine this is a double edged sword.

I think I've heard of Chase potentially taking adverse action for acquiring too many Chase cards (and therefore too much credit line also). Can trigger AA where they decide your usage does not fit such a large credit line. Ironically it's somewhat a page out of the playbooks for C1 and Synchrony. But as you don't appear to have any Sync cards, I wouldn't think you would be a target for them. But you just may not like Sync. Under usual circumstances Chase is head and shoulders above Sync, but with the risk of AA from chase for too many chase cards, especially in this economic climiate. I'm not sure what's the best direction.

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Saying under  usual circumstances Chase is head and shoulders above Sync is subjective.  Some people, myself included have had their credit needs serviced just fine with cards offered by Synchrony just as im sure can be said for those using Chase. A lenders card is what one makes of it with their spend and lifestyle. 

[Credit12Fico]

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@AverageJoesCredit wrote:

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@Credit12Fico wrote:

I'd imagine this is a double edged sword.

I think I've heard of Chase potentially taking adverse action for acquiring too many Chase cards (and therefore too much credit line also). Can trigger AA where they decide your usage does not fit such a large credit line. Ironically it's somewhat a page out of the playbooks for C1 and Synchrony. But as you don't appear to have any Sync cards, I wouldn't think you would be a target for them. But you just may not like Sync. Under usual circumstances Chase is head and shoulders above Sync, but with the risk of AA from chase for too many chase cards, especially in this economic climiate. I'm not sure what's the best direction.

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Saying under  usual circumstances Chase is head and shoulders above Sync is subjective.  Some people, myself included have had their credit needs serviced just fine with cards offered by Synchrony just as im sure can be said for those using Chase. A lenders card is what one makes of it with their spend and lifestyle. 

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Can you really argue with me now that Sync has shown their true colors during this pandemic? Just because you do have a good experience with them, and admittedly so have I so far, you can't really compare Chase to Sync. Chase has just been better to it's customers on average. 

[randomguy1]

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@Credit12Fico wrote:

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@AverageJoesCredit wrote:

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@Credit12Fico wrote:

I'd imagine this is a double edged sword.

I think I've heard of Chase potentially taking adverse action for acquiring too many Chase cards (and therefore too much credit line also). Can trigger AA where they decide your usage does not fit such a large credit line. Ironically it's somewhat a page out of the playbooks for C1 and Synchrony. But as you don't appear to have any Sync cards, I wouldn't think you would be a target for them. But you just may not like Sync. Under usual circumstances Chase is head and shoulders above Sync, but with the risk of AA from chase for too many chase cards, especially in this economic climiate. I'm not sure what's the best direction.

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Saying under  usual circumstances Chase is head and shoulders above Sync is subjective.  Some people, myself included have had their credit needs serviced just fine with cards offered by Synchrony just as im sure can be said for those using Chase. A lenders card is what one makes of it with their spend and lifestyle. 

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Can you really argue with me now that Sync has shown their true colors during this pandemic? Just because you do have a good experience with them, and admittedly so have I so far, you can't really compare Chase to Sync. Chase has just been better to it's customers on average. 

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I'm going to preface this by saying I like Chase quite a bit so I'm more biased towards them. 

but true colors? Synchrony is a business. Chase is a business. Chase is worth 3+ trillion and synchrony is worth 14+. My numbers might be outdated (google) but their reserves are vastly different. I don't blame  Synchrony at all for reacting this way in unprecedented times. To compare them to Chase would not be fair.  They don't have the financials to compare. 

[Credit12Fico]

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@randomguy1 wrote:

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@Credit12Fico wrote:

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@AverageJoesCredit wrote:

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@Credit12Fico wrote:

I'd imagine this is a double edged sword.

I think I've heard of Chase potentially taking adverse action for acquiring too many Chase cards (and therefore too much credit line also). Can trigger AA where they decide your usage does not fit such a large credit line. Ironically it's somewhat a page out of the playbooks for C1 and Synchrony. But as you don't appear to have any Sync cards, I wouldn't think you would be a target for them. But you just may not like Sync. Under usual circumstances Chase is head and shoulders above Sync, but with the risk of AA from chase for too many chase cards, especially in this economic climiate. I'm not sure what's the best direction.

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Saying under  usual circumstances Chase is head and shoulders above Sync is subjective.  Some people, myself included have had their credit needs serviced just fine with cards offered by Synchrony just as im sure can be said for those using Chase. A lenders card is what one makes of it with their spend and lifestyle. 

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Can you really argue with me now that Sync has shown their true colors during this pandemic? Just because you do have a good experience with them, and admittedly so have I so far, you can't really compare Chase to Sync. Chase has just been better to it's customers on average. 

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I'm going to preface this by saying I like Chase quite a bit so I'm more biased towards them. 

but true colors? Synchrony is a business. Chase is a business. Chase is worth 3+ trillion and synchrony is worth 14+. My numbers might be outdated (google) but their reserves are vastly different. I don't blame  Synchrony at all for reacting this way in unprecedented times. To compare them to Chase would not be fair.  They don't have the financials to compare. 

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Well if Chase is the "small business" here.....then shouldn't they be the ones taking a chainsaw to the purse strings? Not Sync?

[randomguy1]

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@Credit12Fico wrote:

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@randomguy1 wrote:

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@Credit12Fico wrote:

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@AverageJoesCredit wrote:

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@Credit12Fico wrote:

I'd imagine this is a double edged sword.

I think I've heard of Chase potentially taking adverse action for acquiring too many Chase cards (and therefore too much credit line also). Can trigger AA where they decide your usage does not fit such a large credit line. Ironically it's somewhat a page out of the playbooks for C1 and Synchrony. But as you don't appear to have any Sync cards, I wouldn't think you would be a target for them. But you just may not like Sync. Under usual circumstances Chase is head and shoulders above Sync, but with the risk of AA from chase for too many chase cards, especially in this economic climiate. I'm not sure what's the best direction.

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Saying under  usual circumstances Chase is head and shoulders above Sync is subjective.  Some people, myself included have had their credit needs serviced just fine with cards offered by Synchrony just as im sure can be said for those using Chase. A lenders card is what one makes of it with their spend and lifestyle. 

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Can you really argue with me now that Sync has shown their true colors during this pandemic? Just because you do have a good experience with them, and admittedly so have I so far, you can't really compare Chase to Sync. Chase has just been better to it's customers on average. 

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I'm going to preface this by saying I like Chase quite a bit so I'm more biased towards them. 

but true colors? Synchrony is a business. Chase is a business. Chase is worth 3+ trillion and synchrony is worth 14+. My numbers might be outdated (google) but their reserves are vastly different. I don't blame  Synchrony at all for reacting this way in unprecedented times. To compare them to Chase would not be fair.  They don't have the financials to compare. 

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Well if Chase is the "small business" here.....then shouldn't they be the ones taking a chainsaw to the purse strings? Not Sync?

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Neither are small businesses. Chase has over 3 trillion in assets. Not sure where you got that from. 

[Credit12Fico]

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@randomguy1 wrote:

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@Credit12Fico wrote:

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@randomguy1 wrote:

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@Credit12Fico wrote:

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@AverageJoesCredit wrote:

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@Credit12Fico wrote:

I'd imagine this is a double edged sword.

I think I've heard of Chase potentially taking adverse action for acquiring too many Chase cards (and therefore too much credit line also). Can trigger AA where they decide your usage does not fit such a large credit line. Ironically it's somewhat a page out of the playbooks for C1 and Synchrony. But as you don't appear to have any Sync cards, I wouldn't think you would be a target for them. But you just may not like Sync. Under usual circumstances Chase is head and shoulders above Sync, but with the risk of AA from chase for too many chase cards, especially in this economic climiate. I'm not sure what's the best direction.

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Saying under  usual circumstances Chase is head and shoulders above Sync is subjective.  Some people, myself included have had their credit needs serviced just fine with cards offered by Synchrony just as im sure can be said for those using Chase. A lenders card is what one makes of it with their spend and lifestyle. 

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Can you really argue with me now that Sync has shown their true colors during this pandemic? Just because you do have a good experience with them, and admittedly so have I so far, you can't really compare Chase to Sync. Chase has just been better to it's customers on average. 

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I'm going to preface this by saying I like Chase quite a bit so I'm more biased towards them. 

but true colors? Synchrony is a business. Chase is a business. Chase is worth 3+ trillion and synchrony is worth 14+. My numbers might be outdated (google) but their reserves are vastly different. I don't blame  Synchrony at all for reacting this way in unprecedented times. To compare them to Chase would not be fair.  They don't have the financials to compare. 

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Well if Chase is the "small business" here.....then shouldn't they be the ones taking a chainsaw to the purse strings? Not Sync?

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Neither are small businesses. Chase has over 3 trillion in assets. Not sure where you got that from. 

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"Small business" is in quotes for a reason.  You pointed out that Chase has 3 trillion in assets, vs 14+ in assets for Synchrony and gave that as a reason for them not being comparable. So I can only reason that you make this assertion to point out how much bigger Synchrony's "business" is than Chase's business? Is that the takeaway? Correct me if I'm wrong.

Overall I just think Chase has not AA'd their customers in the manner than Synchrony have and ultimately it would seem safer to hold the Chase Amazon card, but the caveat being the OP is already at 3 or 4 chase cards, and that has sometimes led to AA and this is not a great time to apply for more cards from the same lender. Perhaps no Amazon card until next year is the best answer and then just get the Chase card when the coast is clear?

[coldfusion]

I think there was a mistype above.

Chase (technically JPMorgan Chase) manages about $3 trillion in assets.

Synchrony Bank manages about $100 billion in assets.

[FlaDude]

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@randomguy1 wrote:

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I'm going to preface this by saying I like Chase quite a bit so I'm more biased towards them. 

but true colors? Synchrony is a business. Chase is a business. Chase is worth 3+ trillion and synchrony is worth 14+. My numbers might be outdated (google) but their reserves are vastly different. I don't blame  Synchrony at all for reacting this way in unprecedented times. To compare them to Chase would not be fair.  They don't have the financials to compare. 

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Either way it still seems like Sync is acting foolishly. If they just need to reduce exposure, they could cut CLs by 50 or 75% for people with unnecessarily high limits, but leave accounts open for people who are not likely to default. I have a 20k limit on my Lowes that I rarely charge more than 200/month on, I'd much rather have them cut it to 5k than close the account. Similarly, my wife has a JC Penney card with a 10k limit and she spends maybe $100 a couple of times a year, they could cut her to 1k and it really wouldn't matter.

[AverageJoesCredit]

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@Credit12Fico wrote:

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@AverageJoesCredit wrote:

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@Credit12Fico wrote:

I'd imagine this is a double edged sword.

I think I've heard of Chase potentially taking adverse action for acquiring too many Chase cards (and therefore too much credit line also). Can trigger AA where they decide your usage does not fit such a large credit line. Ironically it's somewhat a page out of the playbooks for C1 and Synchrony. But as you don't appear to have any Sync cards, I wouldn't think you would be a target for them. But you just may not like Sync. Under usual circumstances Chase is head and shoulders above Sync, but with the risk of AA from chase for too many chase cards, especially in this economic climiate. I'm not sure what's the best direction.

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Saying under  usual circumstances Chase is head and shoulders above Sync is subjective.  Some people, myself included have had their credit needs serviced just fine with cards offered by Synchrony just as im sure can be said for those using Chase. A lenders card is what one makes of it with their spend and lifestyle. 

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Can you really argue with me now that Sync has shown their true colors during this pandemic? Just because you do have a good experience with them, and admittedly so have I so far, you can't really compare Chase to Sync. Chase has just been better to it's customers on average. 

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No, nothing to do with how Chase treats their customers. You think Chase wont close an axcount or all if they feel something isnt right? They have done so and  no matter what anyone says, we are all just numbers to them. My point is how can you say Chase is better than Sync for me or anyone else when i dont travel  , which everyone knows is one of Chases strongest appeal for their cards and ecosystem. If i want a 1.5% card i can get my need and do from a Synchrony 2% cb card. If i want or need a rotating cat card i can use my Discover.  Im just saying regardless of what Sync is doing, and regardless how one feels about Sync, lets not pretend the Pandemic hasnt affected their bad policy right now,    Chase is better to those who choose to  accept that as their  believe but no way should that be unequivocal.   My belief or opinion only , ill respect yours . 

[AverageJoesCredit]

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@coldfusion wrote:

I think there was a mistype above.

Chase (technically JPMorgan Chase) manages about $3 trillion in assets.

Synchrony Bank manages about $100 billion in assets.

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billion sounds cooler though😄