@Credit12Fico wrote:Here's an interesting datapoint on the Paypal Mastercard. You'll need to do some highschool math here. Calculate the average value of your current revolving credit lines. This is most likely the upper limit on what Sync gives as a starting limit after which they take deductions for risk factors in your report. That average should tell you the maximum possible you might be able to get ahead of time, deductions outstanding.
To calculate the average, I added up the credit limits on all my cards, divided by the number of cards I had, and this number was the same number that Sync gave me for my credit limit on the Paypal card. Coincidence? No way. Clean report and new to Sync when I applied so it's stand to reason they have an upper limit (average of existing lines), and then make deductions based on recent hard pulls, baddies, other Synch accounts, and the like for which I had none.
So as you pointed out, the CLI (As long as it's a soft pull I guess) on your Cap One card should increase the starting limit on your Paypal card if approved. But wait for the Cap One card to report the higher limit to apply. and who knows if Sync is using a report from 1 month or 2 months ago so you might wait 1-2 months even after you get the Cap One CLI if the Cap One CLI is sizeable (in the thousands).
No way that explains how i got a $300 sl on my PPMC while the average limit on my cards is about 7k
Roll of dice will get you a limit Sync wants you to start with. Some cards, have general sl like Marvel where many see $2k but its not written in stone either.
Does synchrony bucket cards like capital one? Can ur card starting at $300 grow as big as one that starts much higher?
Are there datapoints on growth potential of synchrony cards that start that low?
@Beast26 wrote:Does synchrony bucket cards like capital one? Can ur card starting at $300 grow as big as one that starts much higher?
Are there datapoints on growth potential of synchrony cards that start that low?
Unfortunately no. Im bucketed for sure....my $300 PPMC only grew to $10k in under a year 
🤭
@AverageJoesCredit wrote:
@Credit12Fico wrote:Here's an interesting datapoint on the Paypal Mastercard. You'll need to do some highschool math here. Calculate the average value of your current revolving credit lines. This is most likely the upper limit on what Sync gives as a starting limit after which they take deductions for risk factors in your report. That average should tell you the maximum possible you might be able to get ahead of time, deductions outstanding.
To calculate the average, I added up the credit limits on all my cards, divided by the number of cards I had, and this number was the same number that Sync gave me for my credit limit on the Paypal card. Coincidence? No way. Clean report and new to Sync when I applied so it's stand to reason they have an upper limit (average of existing lines), and then make deductions based on recent hard pulls, baddies, other Synch accounts, and the like for which I had none.
So as you pointed out, the CLI (As long as it's a soft pull I guess) on your Cap One card should increase the starting limit on your Paypal card if approved. But wait for the Cap One card to report the higher limit to apply. and who knows if Sync is using a report from 1 month or 2 months ago so you might wait 1-2 months even after you get the Cap One CLI if the Cap One CLI is sizeable (in the thousands).
No way that explains how i got a $300 sl on my PPMC while the average limit on my cards is about 7k
As I said, your credit line average is the maximum to expect for the Paypal card before deductions. You aren't guaranteed it if they make deductions due to risk in your credit report like too many existing accounts, recent inquiries, high utilization, low scores, and so on.
@Credit12Fico wrote:
@AverageJoesCredit wrote:
@Credit12Fico wrote:Here's an interesting datapoint on the Paypal Mastercard. You'll need to do some highschool math here. Calculate the average value of your current revolving credit lines. This is most likely the upper limit on what Sync gives as a starting limit after which they take deductions for risk factors in your report. That average should tell you the maximum possible you might be able to get ahead of time, deductions outstanding.
To calculate the average, I added up the credit limits on all my cards, divided by the number of cards I had, and this number was the same number that Sync gave me for my credit limit on the Paypal card. Coincidence? No way. Clean report and new to Sync when I applied so it's stand to reason they have an upper limit (average of existing lines), and then make deductions based on recent hard pulls, baddies, other Synch accounts, and the like for which I had none.
So as you pointed out, the CLI (As long as it's a soft pull I guess) on your Cap One card should increase the starting limit on your Paypal card if approved. But wait for the Cap One card to report the higher limit to apply. and who knows if Sync is using a report from 1 month or 2 months ago so you might wait 1-2 months even after you get the Cap One CLI if the Cap One CLI is sizeable (in the thousands).
No way that explains how i got a $300 sl on my PPMC while the average limit on my cards is about 7k
As I said, your credit line average is the maximum to expect for the Paypal card before deductions. You aren't guaranteed it if they make deductions due to risk in your credit report like too many existing accounts, recent inquiries, high utilization, low scores, and so on.
Then whats the point of trying to figure out your starting limit, which i still believe one can't do as too many variables, since no one can know what they deem risk and what they actually use to calculate your sl. Without knowing their formula its all speculation on our part and id rather concentrate on growing whatever limit they do give by actually using my card. I deduce ill just get a limit that my profile will support...or not
@Credit12Fico wrote:
@AverageJoesCredit wrote:
@Credit12Fico wrote:Here's an interesting datapoint on the Paypal Mastercard. You'll need to do some highschool math here. Calculate the average value of your current revolving credit lines. This is most likely the upper limit on what Sync gives as a starting limit after which they take deductions for risk factors in your report. That average should tell you the maximum possible you might be able to get ahead of time, deductions outstanding.
To calculate the average, I added up the credit limits on all my cards, divided by the number of cards I had, and this number was the same number that Sync gave me for my credit limit on the Paypal card. Coincidence? No way. Clean report and new to Sync when I applied so it's stand to reason they have an upper limit (average of existing lines), and then make deductions based on recent hard pulls, baddies, other Synch accounts, and the like for which I had none.
So as you pointed out, the CLI (As long as it's a soft pull I guess) on your Cap One card should increase the starting limit on your Paypal card if approved. But wait for the Cap One card to report the higher limit to apply. and who knows if Sync is using a report from 1 month or 2 months ago so you might wait 1-2 months even after you get the Cap One CLI if the Cap One CLI is sizeable (in the thousands).
No way that explains how i got a $300 sl on my PPMC while the average limit on my cards is about 7k
As I said, your credit line average is the maximum to expect for the Paypal card before deductions. You aren't guaranteed it if they make deductions due to risk in your credit report like too many existing accounts, recent inquiries, high utilization, low scores, and so on.
By that logic, your average SLs can be used as a max ceiling "before deductions" by ANY lender, not just Sync. Sorry, but this theory is pure speculation, not sure how you arrived at it.
@AverageJoesCredit wrote:
@Credit12Fico wrote:
@AverageJoesCredit wrote:
@Credit12Fico wrote:Here's an interesting datapoint on the Paypal Mastercard. You'll need to do some highschool math here. Calculate the average value of your current revolving credit lines. This is most likely the upper limit on what Sync gives as a starting limit after which they take deductions for risk factors in your report. That average should tell you the maximum possible you might be able to get ahead of time, deductions outstanding.
To calculate the average, I added up the credit limits on all my cards, divided by the number of cards I had, and this number was the same number that Sync gave me for my credit limit on the Paypal card. Coincidence? No way. Clean report and new to Sync when I applied so it's stand to reason they have an upper limit (average of existing lines), and then make deductions based on recent hard pulls, baddies, other Synch accounts, and the like for which I had none.
So as you pointed out, the CLI (As long as it's a soft pull I guess) on your Cap One card should increase the starting limit on your Paypal card if approved. But wait for the Cap One card to report the higher limit to apply. and who knows if Sync is using a report from 1 month or 2 months ago so you might wait 1-2 months even after you get the Cap One CLI if the Cap One CLI is sizeable (in the thousands).
No way that explains how i got a $300 sl on my PPMC while the average limit on my cards is about 7k
As I said, your credit line average is the maximum to expect for the Paypal card before deductions. You aren't guaranteed it if they make deductions due to risk in your credit report like too many existing accounts, recent inquiries, high utilization, low scores, and so on.
Then whats the point of trying to figure out your starting limit, which i still believe one can't do as too many variables, since no one can know what they deem risk and what they actually use to calculate your sl. Without knowing their formula its all speculation on our part and id rather concentrate on growing whatever limit they do give by actually using my card. I deduce ill just get a limit that my profile will support...or not
The method isn't going to tell you exactly what your starting limit will be on the Paypal Synchrony card. It's to tell you the maximum possible to expect from an online application for this card which from all the data points I've seen now including my own appears to be the smaller of two numbers: (1) your average credit line or (2) $10,000. Credit line above $10,000 with this card needs to be phoned in.
How does this help? If you know you are going to put a $8000 home improvement project on labor day and want a new card with cashback for it, and your current average credit limit is $3000, then you should not get the Paypal card because you aren't likely to get above a $3000 starting limit.
That's all I wanted to know If a low limit PayPal MasterCard could grow to 10k and beyond! I'm not worried about the starting limit.
The theory that the average of your credit limits is the max they'll give you doesnt hold water. I had three cards when I applied for my PPMC: $500 + $1,500 + $5,000 = $7,000 / 3 = $2,333.33
They gave me an $8,000 SL.
