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PayPal Double LUV!

cf2701
Regular Contributor

PayPal Double LUV!

A week or so ago I got my last item on my TU report corrected to show my student loans not in default, and to my suprise, they removed my very old 90+ day late without asking.  (It was already removed from my other two reports).  TU was my lowest score prior to this and it shot up 60 points (I was very happy) to 729, which is slightly higher but in line with my EQ and EX scores.

 

 So, with that in mind, my only two accounts I have with Synchrony are with PayPal, both PP Credit and their PayPal Cashback Mastercard.  

 

The PPMC I've had for a couple years and it started at...wait for it...$300!  My lowest by far!  It was over a year, they wouldn't budge on a CLI.  Finally, I got a CLI to $900, then $2,700 within about 6 months.  In February they upped it to $5,000, and I was happy.  However, today I said what the heck, I got a good bump on my TU, lets see....and input $10,000.  Boom!  It's a good day!

 

Oh, did I mention that my PayPal credit started at $1,000 about the same time in 2018?  That one was upped to around $5,000 prior to the switch from Comentiy to Synchrony.  It's been there for a while, but this week I was also approved for a CLI to $10,000!

 

I have a couple cards that are over $10K, but honestly it's plenty for me.  I never let my usage get above 5% anyway.  So why do I still crave the higher credit lines?   TBH, there isn't a really good reason other than its gratifying.  Can anyone else relate?  

 

Being trusted with credit is an honor for me. After going through my financial hardships and frankly making bad decesions in the past, I'm grateful to lenders that trust me.  However, I'm NOT so grateful that I want to line their pockets with cash by paying a bunch of intrest.  That would just make me unwise!

 

Question - It appears that Synchrony is warming up to me. The only card they offer that I am somewhat interested in would be Lowe's.  I've been pretty (very?) aggressive the past 2 to 2.5 years with attaining accounts.  Last 3 were in December 19.  I'm looking to buy a home in 12 months.  I'd like to get my Lowes account established prior to that. Do you think it would be wise to pull the trigger now or let things cool?

 

Thanks Community!  

BBVA Clearpoints $16,000 | Discover $6,400 | CECU Visa $4,000 | NFCU Go Rewards Visa Sig. $15,500 | NFCU CLOC $15,000 | PayPal CB MC $10,000 | Paypal Credit $10,000 | Card $7,500 | AMX Hilton Honors Ascend $1,000 | Wayfair $23,900 | Sportsmans Guide Visa $9,900 | Kohls $3,000 | Capital One Savor One $3,500 | PNC Cash Rewards $12,000 | PenFed Power Cash Rewards $10,000 | PenFed Gold $10,000 | Lowe's $7,000 | Best Buy Visa $4,000 | Home Depot $4,000
14 REPLIES 14
AllZero
Super Contributor

Re: PayPal Double LUV!

Congratulations on your CLIs!
Message 2 of 15
Rebuild2019
Established Contributor

Re: PayPal Double LUV!

Congrats @cf2701 on the CLI

CARDS: Discover It | QuickSilver One | Kohl’s | BB&T Spectrum Cash Rewards | BB&T Bright | NFCU CashRewards | NFCU More Rewards | AMEX BCE | Verizon Visa | Wells Fargo Platinum | Amazon Prime | OverStock
Starting Scores 05/2019: EQ:519, EX:525, TU:574
Message 3 of 15
Meanmchine
Super Contributor

Re: PayPal Double LUV!

Congrats on your Synchrony love !


3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>12/2020 CCT EX 821 TU 826 EQ 840


"Survival kit contents check. In them you'll find:

- One forty-five caliber automatic
- Two boxes of ammunition
- Four days' concentrated emergency rations
- One drug issue containing antibiotics, morphine,
vitamin pills, pep pills, sleeping pills, tranquilizer pills
- One miniature combination Russian phrase book and Bible
- One hundred dollars in rubles
- One hundred dollars in gold
- Nine packs of chewing gum
- One issue of prophylactics
- Three lipsticks
- Three pair of nylon stockings.

Shoot, a fella' could have a pretty good weekend in Vegas with all that stuff."

Major Kong (Slim Pickens) in Dr. Strangelove 1964
Message 4 of 15
M_Smart007
Epic Contributor

Re: PayPal Double LUV!

Congratulations on your CLI spreeSmiley Happy

Message 5 of 15
UH_HUH
Valued Contributor

Re: PayPal Double LUV!


@cf2701 wrote:

A week or so ago I got my last item on my TU report corrected to show my student loans not in default, and to my suprise, they removed my very old 90+ day late without asking.  (It was already removed from my other two reports).  TU was my lowest score prior to this and it shot up 60 points (I was very happy) to 729, which is slightly higher but in line with my EQ and EX scores.

 

 So, with that in mind, my only two accounts I have with Synchrony are with PayPal, both PP Credit and their PayPal Cashback Mastercard.  

 

The PPMC I've had for a couple years and it started at...wait for it...$300!  My lowest by far!  It was over a year, they wouldn't budge on a CLI.  Finally, I got a CLI to $900, then $2,700 within about 6 months.  In February they upped it to $5,000, and I was happy.  However, today I said what the heck, I got a good bump on my TU, lets see....and input $10,000.  Boom!  It's a good day!

 

Oh, did I mention that my PayPal credit started at $1,000 about the same time in 2018?  That one was upped to around $5,000 prior to the switch from Comentiy to Synchrony.  It's been there for a while, but this week I was also approved for a CLI to $10,000!

 

I have a couple cards that are over $10K, but honestly it's plenty for me.  I never let my usage get above 5% anyway.  So why do I still crave the higher credit lines?   TBH, there isn't a really good reason other than its gratifying.  Can anyone else relate?  

 

Being trusted with credit is an honor for me. After going through my financial hardships and frankly making bad decesions in the past, I'm grateful to lenders that trust me.  However, I'm NOT so grateful that I want to line their pockets with cash by paying a bunch of intrest.  That would just make me unwise!

 

Question - It appears that Synchrony is warming up to me. The only card they offer that I am somewhat interested in would be Lowe's.  I've been pretty (very?) aggressive the past 2 to 2.5 years with attaining accounts.  Last 3 were in December 19.  I'm looking to buy a home in 12 months.  I'd like to get my Lowes account established prior to that. Do you think it would be wise to pull the trigger now or let things cool?

 

Thanks Community!  


I really do love stories like this :-)

Congratulations on your success!!

10,000.00 on a  credit card is alot to smile about Smiley Happy

Enjoy this and thanks

for sharing your story,

Cheers

Message 6 of 15
AllThingsInTime
Established Contributor

Re: PayPal Double LUV!

@cf2701  Super Congrats on your PayPal double luv!!! Smiley Very Happy

 

Lowe's is a great card, and it's a grower. Just make sure you use it

on a regular basis between now and the next 12 months. That way,

your limit will be where you want it to be and you won't have to go

looking for money after the fact. Congrats again on your success!!! Smiley Very Happy

Message 7 of 15
ddamage
Regular Contributor

Re: PayPal Double LUV!

Congrats!!!

Current FICO





Credit Cards:
PenFed 11k/17.5k
Lowe's 0/5000
Wayfair 248/4500
Best Buy Citi 0/1500
Discount Tire 0/1800
Credit one 0/800
PayPal MC 0/3500

Discover 0/9000 Misc:
Ch 7- 02/2013
7 baddies Nov 2016 thru March 2017 (ill and hospitalized)
Message 8 of 15
cf2701
Regular Contributor

Re: PayPal Double LUV!


@AllThingsInTime wrote:

@cf2701  Super Congrats on your PayPal double luv!!! Smiley Very Happy

 

Lowe's is a great card, and it's a grower. Just make sure you use it

on a regular basis between now and the next 12 months. That way,

your limit will be where you want it to be and you won't have to go

looking for money after the fact. Congrats again on your success!!! Smiley Very Happy


Thank you very much for the feedback!  That was kind of my thinking, take the hit now and since I've had a pretty amazing run the past couple years, let things settle for 12 months prior to my mortgage app in April or so of 2021.  This should allow the Lowe's account to grow nicely, hopefully.  (Allowing room for when I need it in the future, it will not be maxed with UTIL if I choose to carry a 0% promo for new home stuff)

 

I'll have to give it some thought.  Next stop, Chase and Citi, but thats late 2021!

 

Thanks again!

BBVA Clearpoints $16,000 | Discover $6,400 | CECU Visa $4,000 | NFCU Go Rewards Visa Sig. $15,500 | NFCU CLOC $15,000 | PayPal CB MC $10,000 | Paypal Credit $10,000 | Card $7,500 | AMX Hilton Honors Ascend $1,000 | Wayfair $23,900 | Sportsmans Guide Visa $9,900 | Kohls $3,000 | Capital One Savor One $3,500 | PNC Cash Rewards $12,000 | PenFed Power Cash Rewards $10,000 | PenFed Gold $10,000 | Lowe's $7,000 | Best Buy Visa $4,000 | Home Depot $4,000
Message 9 of 15
James_A
Senior Contributor

Re: PayPal Double LUV!


@cf2701 wrote:

... Do you think it would be wise to pull the trigger now ...


Yes. The SL might be low -- 500 or 1k -- so it needs a few months to grow. Good luck & congrats! on your CLI approvals. Smiley Happy

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (3/12/2021): FICO 08 EXP: 748; TU: 755; EQ: 773
2020 Goal Score: 760 across the board


Take the myFICO Fitness Challenge
Message 10 of 15
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