I received a Sl of $3000, but my temp limit was $1500. Once the card was activated, my limit would be $3000. Your intrest rate seems kind of high. No 0% intro for 6 mo.? Any baddies on your cr
Hello everyone! I’m new to all this...so bear with me.
Re: the Paypal Mastercard 2% from Synchrony: I got approved at a decent interest rate (considering it’s Synchrony) with a terrible CL. I thought it was temporary at first but the email I got almost immediately seems to confirm a low permanent CL (see below). Anyone had this experience with a TU Bankcard 8 score of 705 with 4-5 inquiries in the last 30-60 days, with approvals in the 3K-5K range. Thoughts on what to do?? Is this typical Synchrony? Thanks for your reading/commenting.
Congratulations! You have been approved for the PayPal Cashback Mastercard®.
Your Credit Details:
Temporary Credit Limit: $300.
Credit Limit: $300.
Variable Annual Percentage Rate (APR) for purchases: 21.49%.
report? High Utilization?
Yeah, the APR was not stellar but I've seen worse so I counted it as a positive Re: other cards, yes, I have a couple store cards with them but they have relatively small limits on them. My TU FICO Score 8 is 720 and my TU FICO 8 Bankcard is 710...I just assumed they went with the Bankcard one?
No "baddies" on my CR other than inquiries (4-5) and few new accounts (3).
I appreciate everyone's thoughts on this...we shall see if the limit goes up. I've never called to request a CL increase within such a short period of time after opening the card. Is this effective?
I'm in the same boat! $300 CL! Most recent scores are 805-813 FICO 8 via credit check total. Several recent inquiries, couple new accounts not reporting yet, so scores will likely be back down a little soon, but right now, they're the highest they've been since I started watching.
I had to call in to "complete the app" and when the rep said "Congratulations!" I was momentarily a happy camper. I actually laughed a bit when she said $300, and she rushed to assure me that if I build a history of timely payments, it might go up. I'm holding out for $1k! In contrast, my new Americard is (after some CL trading intra-BOA) $63K. Most other cards are 10k - 25k.
So yeah, I'm laughing again... My other 2% cards (Fidelity, Blispay, DoubleCash, Penfed Power) are not too worried about their place in my wallet...
Was gonna use it via Plastiq/Masterpass to get 2% on paying down my student loans. Tee up Plan B.
Congratulations on the approval! I got my own PayPal 2% a week or so after you did - it has a good SL ($6K), but it appears I won't be eligible to ask for CLI's for up to three months, since there's no "luv button" loaded on my account page yet. I assume you don't have any facility to ask for CLI's yet either. This seems to be normal for Sync with new accounts, so the best thing to do is use the card actively and keep up with your payments, PIF'ing if and when you can. You should be able to request increases in a couple of months.
It’s Synchrony! Need we say more? Lol
You have 2 choices, one, accept a $300 SL or two, accept a $25K SL enclosed in a blue envelope. Watcha pick?