Got approved for a SL of $200. Spent $20 for a pair of shoes for my daugher. Is it better to PIF or carry a portion of the balance til next month with an eye toward a CLI in the furture. Does JCP react better to PIF or balances? Not even sure if a $20 purchase would have the option of paying a samller amount to be honest
Welcome to MyFico!
JC Penney is issued by Synchrony. Paying more than minimum gets CLI's climbing faster with them (in my experience, YMMV).
Minimum payment is $27 (if I remember correctly), so unless you spend more you'll have to PIF.
Considering the interest rate, carrying a balance on this card negates the savings value the card can offer.
If this is your first Synchrony issued card, you'll likely have to wait 3 statement cycles before being granted a CLI (again, YMMV).
Congratulations on the new card!
Mine increased @90 days from $300 to $800, asked again day after statement cut (each month until reaching current limit) -- $800 to $1500, $2700, $6000. Each time I've asked for $10,000.
JC Penney is issued by Synchrony. Paying more than minimum gets CLI's climbing faster with them (in my experience, YMMV).
Minimum payment is $27 (if I remember correctly), so unless you spend more you'll have to PIF.
Considering the interest rate, carrying a balance on this card negates the savings value the card can offer.
If this is your first Synchrony issued card, you'll likely have to wait 3 statement cycles before being granted a CLI (again, YMMV).
Congratulations on the new card!
Mine increased @90 days from $300 to $800, asked again day after statement cut (each month until reaching current limit) -- $800 to $1500, $2700, $6000. Each time I've asked for $10,000.
CONGRATS on your approval!!!👍x200😉
I❤️NY
I❤️NY
>
PIF is my preference. I just hate to bump the UTL on this card JUST to carry a balance in hopes of CLI a little later. But we do what we have to to win this game, right?
@Momagain wrote:PIF is my preference. I just hate to bump the UTL on this card JUST to carry a balance in hopes of CLI a little later. But we do what we have to to win this game, right?
Synchrony is generally a bank that will give CLI's with little to no spend. I don't think maxing out and PIF offers any benefits or bigger CLI. If you're concerned about UTL, JC Penney/ Synchrony has no (known) issues with submitting payment as soon as your purchase posts (no need to wait for statement to PIF, a statement will still generate and report current balance).
Congrats on your approval @Momagain
Congratulations on your approval!
