Synchrony Premier 2% Mastercard-DENIED

CreditPoor · ‎09-23-2024

Last night I decided to apply for the Synchrony Premier Card and got the 10 day letter response. Decided to call in today and see if they needed any additional info or verification and was informed that I had been denied and that I would get the reasons in the letter being sent.

Quite surprised considering this at least in my opinion isn't a very difficult card to get. Now that I think about it none of Synchrony's cards are.

DPs

-Pulled Experian and at the time I had a 795 FICO8

- 2 new accounts 4 months ago

- No Lates/Derogs/ Collections

- Sync Exposure is about 32k total

- 1 inquiry on Experian

- Income 6 figures

- Utilization 1%

- DTI 9%

Anonymous · ‎09-24-2024

@CreditPoor wrote:
... Synchrony Premier Card ... was informed that I had been denied and that I would get the reasons in the letter being sent.

Quite surprised considering this at least in my opinion isn't a very difficult card to get. Now that I think about it none of Synchrony's cards are.

The Premier is Synchrony's only Core card. I am not saying anything other than the Premier is not the same beast as all the co-brands.

The denial reasons will be interesting to hear, if you share when you get them.

AndySoCal · ‎09-24-2024

@CreditPoor I agree it would be interesting to know the reason(s) for the denial. There are several banks and credit unions that offer 2% cash back credit cards. I have 2 new accounts in the last 6 months. My plan is to wait a while a year or so before I apply for another credit card. I have all the credit cards I need and then some.

FICO Scores XPN v8 802 V2 831 (SDFCU) TUC bankcard 803 11/2024 EFX Bankcard v8 822 EFX FIC0 v8 805 (11/2024)
Discover IT 09/90, 19000, JC Penney 10/2008 4700, US Bank Cash 08/2010 12,000 Citibank Custom Cash 5/2015 11,100 State Dept. FCU 20,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 08/23/2024 Langley FCU Signature Cash Back Visa 10000
Bank: Ally Bank Credit Unions: Lafayette FCU Fortera FCU State Department FCU Pelican State CU Redstone FCU Hughes FCU, LangleyFCU
My personal blacklist Bank of America Synchronny Bank Wells Fargo Capital One TD Bank Comerica Bank

jmonye21 · ‎09-25-2024

I was denied a Synchrony card at a furniture store. Synchrony uses Vantage scores rather than FICO, which can be a big difference.

RealEstateGuy89 · ‎09-28-2024

@CreditPoor wrote:
Last night I decided to apply for the Synchrony Premier Card and got the 10 day letter response. Decided to call in today and see if they needed any additional info or verification and was informed that I had been denied and that I would get the reasons in the letter being sent.

Quite surprised considering this at least in my opinion isn't a very difficult card to get. Now that I think about it none of Synchrony's cards are.

DPs
-Pulled Experian and at the time I had a 795 FICO8
- 2 new accounts 4 months ago
- No Lates/Derogs/ Collections
- Sync Exposure is about 32k total
- 1 inquiry on Experian
- Income 6 figures
- Utilization 1%
- DTI 9%

jmonye21 is correct, Synchrony does use vantage scores so you might want to check Credit Karma to see what your scores look like there. I would definitely try to call for reconsideration on this denial and turn it around. If you post your denial reasons on here, we may be able to help you come up with some good ideas for reconsideration points, etc. That Synchrony can be a fickle bird! Don't ever trust them.

woodyman100 · ‎10-05-2024

I received this card a few years ago a

with a 10 k limit. Denied every time for a CLI.

Have closed other cards to reduce aggregate limits as this card would get beat to death if they gave me a huge limit.

Have several other 2% cards but all are in the 10-20k range.

My Bread Amex is slowly climbing however.

NFCU-ICCU-EECU-PSECU-DoverFCU-DCUFCU-Union Square FCU-Signature FCU-AODFCU-RedstoneFCU-RRCU-UFCU-USAllianceFCU-Amarillo National Bank-CapitalOne-Regions-Goldman Sachs (Apple/GM)-Evolve-Fifth Third-Gemini-Huntington-Imprint-USBank-Pinnacle-Cardless-John Deere-Discover-BofA-BofA Biz-Chase-Chase Biz-Amex-Amex Biz-Wells Fargo-Commerce-FNBO-Citi-Citi Biz-Synchrony-Synchrony Biz-Target TD-Third Coast Bank-USAA-Amegy-Amegy Biz-Citizens Biz-Comenity-Comenity Biz-Bread (Comenity)-DSNB-Webbank-Bill

CreditPoor · ‎10-07-2024

Sorry for the delayed response. Never actually received a denial letter of any kind. Called a couple times but they couldn't give me any additional info other thsn expect a letter.

I am aware of them using Vantage 4.0 and my score for that is a 785 as I'd 09/30/2024

Jeffster1 · ‎10-07-2024

I'm looking to close my Synchrony Chevron Visa, and was thinking about the Premier to replace the CL. Now I'm not so sure.

FICO 8 EX 829 EQ 824 TU 844
American Express Blue Cash Preferred 30K I American Express Blue Cash Everyday 20K I American Express Cash Magnet 5K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | BMO Harris Cash Back MasterCard 12K | Capital One QS MC 12.5K I NFCU Flagship Rewards Visa 32K I NFCU Amex 28K | NFCU CashRewards Visa 20K I America First CU Cash Visa 20K I Citi Best Buy Visa 10K I Macy’s Amex 20K I Bread Financial American Express 10.5K I AAA Daily Advantage Visa Signature 8.5K I Wells Fargo BILT World Elite MC 30K I Saks Fifth Avenue World Elite MC 8.3K I JCPenney Mastercard 6K I UCLA Wescom CU Rewards Visa 7K I Pottery Barn Visa 5K I PayPal Cash Back Visa 9K I TD Bank Double Up Visa 5K I USBank Cash Visa 5K I

AndySoCal · ‎10-08-2024

@CreditPoor @Jeffster1 If either you decide to apply for 2% cash back consider a credit union.
Here are three credit unions with easy membership requirements

Dover Credit Union

Fortera Credit Union

State Department FCU - I have their 2% cash back card.
These are three examples their are many more Dover and Fortera have a prequalify site. If you are approved for the card you need to become a member to get the card.

FICO Scores XPN v8 802 V2 831 (SDFCU) TUC bankcard 803 11/2024 EFX Bankcard v8 822 EFX FIC0 v8 805 (11/2024)
Discover IT 09/90, 19000, JC Penney 10/2008 4700, US Bank Cash 08/2010 12,000 Citibank Custom Cash 5/2015 11,100 State Dept. FCU 20,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 08/23/2024 Langley FCU Signature Cash Back Visa 10000
Bank: Ally Bank Credit Unions: Lafayette FCU Fortera FCU State Department FCU Pelican State CU Redstone FCU Hughes FCU, LangleyFCU
My personal blacklist Bank of America Synchronny Bank Wells Fargo Capital One TD Bank Comerica Bank

GreatLife · ‎10-09-2024

About 5 years ago I applied for CareCredit which was approved and within a few hours received an email saying something like 'click here to accept your preapproved offer for the Synchrony Premier Mastercard', which I clicked and received the card with no hard or soft credit pull. SL was about $7500. Since then the card has had 3 auto CLI's to 12K even though I rarely use it. Care card was auto changed to a Mastercard within about 18 months but remains at 16,500 CL it started with; PayPal credit & Amazon store card get auto CLI's. Dread when limits increase for fear of exceeding an internal limit across Synch that might cause card shutdowns. Verizon acct keeps showing preapproval for Synch Visa but no way I'm touching that. Synch even increased my limits shortly after PNC & Amex decreased my limits due to sustained high aggregate UT that dived my scores earlier last year. Wondering if maybe Sychrony likes people that don't have top tier scores for better cards, and sometimes carry APR generating balances?