Amazon Card choice

[AverageJoesCredit]

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@FlaDude wrote:

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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 My numbers might be outdated (google) but their reserves are vastly different.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.

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no arguement here lol. But if you think thats foolish, go get yourselves a $25k Macys , $25K Macys Amex then rinse and repeat with Bloomies😂 

[M_Smart007]

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@AverageJoesCredit wrote:

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@FlaDude wrote:

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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 My numbers might be outdated (google) but their reserves are vastly different.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.

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no arguement here lol. But if you think thats foolish, go get yourselves a $25k Macys , $25K Macys Amex then rinse and repeat with Bloomies😂 

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I followed that advice

[xiocc]

Sadly the Google store card is Sync lol so I have 3 Chase and 1 Sync. I am now thinking that I should apply for the Chase amzn then turn around and do the Lowes sync since I need one of those.... ugh 

[SunriseEarth]

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@coldfusion wrote:OP has not been seeking credit in over a year and is an established Chase cardholder, holding 4 Chase cards isn't particularly unusual, and as long as overall utlization is under control and every Chase card sees regular spend + PIF the odds of AA probably aren't going to be high. 

I have 4 accounts with Chase.  Knock on wood, but no issues yet.   

[Credit12Fico]

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@AverageJoesCredit 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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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 . 

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I didn't say that. What I was referring to was a comparison of the Amazon cards (Chase vs Sync). Not the ecosystems. Sorry for the confusion. I'm not proposing that the chase ecosystem (in terms of rewards) is any better than the Sync system. This is specifically the difference in behaviour amongst Sync and Chase (no matter if they manage different assets). I have just not heard of Chase closing out non-delinquent accounts in mass which I why I'd feel safer with Chase's version of the Amazon card.

[xiocc]

TL/DR - Applied for Chase Amzn, got 30 day message. Next morning was approved for 8700. HP's - EX, EQ

Well I went ahead and pulled the trigger last night for the Chase Amzn card.... Got the dreaded 30 day message. I logged into my Chase account to see if anything was listed under "Application Status" and nothing was there. I did NOT call the recon line.

FF to this morning and I wake up with an email from Amzn saying congrats on 5k approval. I open the Chase app and see I was approved for 8700 lol 

I was going to apply for the Lowes card last night if the Chase Amzn was an instant yes. Still considering idk 5% off lowes is nice since I visit alot -.-

[Remedios]

Congrats

Since OP has indicated an approval, this thread is closed for additional messages.

Feel free to start an approval thread if you wish to do so.