Chevron Card CLD and CLI

[Kevin5974]

Havent used my Chevron card in over a year. They lowered my credit line from 10k down to $1,024. Called today and asked for a CLI. Back to $10k. Nice try Synchrony!!

[AverageJoesCredit]

Epic

[Anonymous]

Congrats on monster CLI !!!!

[FinStar]

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@Kevin5974 wrote:
Havent used my Chevron card in over a year. They lowered my credit line from 10k down to $1,024. Called today and asked for a CLI. Back to $10k. Nice try Synchrony!!

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Wouldn't this kind of be expected, especially from SYNCB, for non-usage?  I mean, some lenders can either CLD or close accounts after a period of prolonged inactivity.

[Anonymous]

Congrats!

[Anonymous]

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@Kevin5974 wrote:
Havent used my Chevron card in over a year. They lowered my credit line from 10k down to $1,024. Called today and asked for a CLI. Back to $10k. Nice try Synchrony!!

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Get your way with Synchrony—you own the card. Congrats, OP!

[Kevin5974]

Youre right. This card could be cancelled for non usage. Luckily, they gave me a wakeup call by reducing my credit limit. Next time I fill up my 42 gallon tank, Ill be sure to use their card so I can go another 15+ months without using it.

I carry four Synchrony cards for a combined limited of $65k. I charge about $500/yr between the 4 and always PIF. Ive never had a problem in four years doing this.

[Meanmchine]

I had the same thing happen.  Synchrony CLDed my QVC card from $2500 to $1024 for non usage. A week later I bought some kitchen bobble and they restored my $2500 line back.  About 2 months later, Synchrony auto CLIed me to $3900. I had thought about closing this account to clear up some exposure I have with Synchrony but now I think Ill hold onto this card for awhile

Congrats OP

[AverageJoesCredit]

That's where some people go wrong thinking you have to over spend to keep the Sync monster happy. Just use them when possible and pif and you should be ok. I haven't had any issues either so far. But not using them can cause problems in the end

[Anonymous]

Interestingly, 1024 is a power of 2... commonly seen in programming/computer science, but not so much in finance... it must be a number the computer reserves as a credit limit for a special case such as an account that hasn't been used in a long time.  CLD to that amount, and any account that goes on unused with that limit for X months/years gets closed.