Synchrony question..

[Anonymous]

What do they look for as far as credit history goes? I apped for the Walmart card in November and was denied, but it was because I did not have a TU FICO score yet. I only had my First Premier card for a month. So what do they look for in that sense?

[AeroKrix]

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@Anonymous wrote:
What do they look for as far as credit history goes? I apped for the Walmart card in November and was denied, but it was because I did not have a TU FICO score yet. I only had my First Premier card for a month. So what do they look for in that sense?

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It seems that your TU FICO of 670s should suffice for an approval. But don't be shocked if you get denied and the reason is "lack of revolving credit". They say 3 revolvers is the minimum number to generate a "genuine" score. I can't say for certain if Sync cares to much about that. The safest bet is to get yourself a secured card from banks that graduate. CapOne secured might be tempting, but their secured card NEVER graduates. Look into BofA, Wells Fargo, a Credit Union, FNBO, U.S. bank. These all graduate. If you only have 1 credit card right this moment, lack of credit might be a common denial reason for you. Secured is the way to go till those start reporting a payment history of a few months. Then app. Just my 2 cents. GL to you.

[Anonymous]

Lol I have had the capital one secured for five months now. First Premier for six, QS1 and Platinum for four months, and an Overstock card for almost four.

[Anonymous]

I'm not apping anytime soon. Just wondering what their minimum credit history is needed for an approval. Aaoa is about 4 months now.

[ddemari]

U could end up with a walmart store cars with a 150 startling line or more. Old navy has been easy for a lot, low limit starting line store cards, they can grow though really well

[Anonymous]

Even with only six months of credit history? Lol yeah right

[Ron1]

JC Penney.

Ron.

[Anonymous]

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@Ron1 wrote:
JC Penney.

Ron.

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That is true, JCP would rather give you something (low limit) rather than a denial if possible.

I got a JCP with something like 25 inquiries and 30 new accounts.  Ended up with a $100 limit although most banks probably would have just given me a denial

[Anonymous]

Yeah but what is your oldest account? I only have six months of revolving credit history. I like JCPenney, but I wouldn't have much of a user for it. Last time I shopped there was about 4 years ago lol. I wonder how my chances would be for Walmart? I hear good things about how synchrony cards grow with you. Plus, the financing options and cashback at the register as a regular purchase are singing to me, as I'm not creditworthy of a Discover It yet.

[Anonymous]

6 months credit and a 673 FICO?  You're good to go for Walmart.  Make absolutely sure your AAoA is at least 6 months.  Maybe a small limit but should get the approval.

My Walmart started at $150 and is now like $10K.  The only thing that doesn't grow is the "cashover" amount limit which is still stuck from day one at  $30 even with a 10K limit...sucks.