Synchrony Bank/Sam's Club

[Anonymous]

Hi there! So I was recently approved for Sam's Club credit through Synchrony Bank. I got a letter in the mail from them saying the interest rate they are giving me is based on a 623 credit score from Transunion but I am looking at my Transunion FICO score and it is 682 pulled from the Experian paid 3 credit bureau scores. Can I argue the score they are using to get a better rate?

[KLEXH25]

I believe Synchrony uses Vantage 4.0 now. So in this case...FAKO not FICO. 

[FinStar]

Congrats on the Sam's Club card approval.  Unfortunately, the APR is set during the approval process and it's usually disclosed with the "price you pay for credit" notice that they send upon approval based on a variety of factors including the score provided.

[Total80sKid]

Congrats on your Sam's Club approval 🎉

[Papa_Bear]

Congratulations!

[Anonymous]

---

@Anonymous wrote:

Hi there! So I was recently approved for Sam's Club credit through Synchrony Bank. I got a letter in the mail from them saying the interest rate they are giving me is based on a 623 credit score from Transunion but I am looking at my Transunion FICO score and it is 682 pulled from the Experian paid 3 credit bureau scores. Can I argue the score they are using to get a better rate?

---

That is a great question, did they give you a bad rate? Were you a borderline approval? Can the card grow fast or is it gradual growth? Congrats on approval.

[gdale6]

Synch has their own internal scoring model and they also do use V4 to provide monthly scores to people who have some of their cards so it is one of these 2 that they are using for approval. Grats on getting your Sams card

[Mr_Mojo_Risin]

Congratulations on your new Sam's Club card!