Dang MrMello! Sorry about this . Another client bites the dust
. Its just plain silly whats been going on. Any data points you can add if you dont mind?. How many accounts , credit limits, when were they opened,etc. Thanks if you can add anything else to help figure out Insanerony Bank...oops i mean Synchrony Bank.
@ nikokonto, no one is really sure but many of us have seen a couple data points but they really range from someone with lots of exposure( 100,000) to those who have opened multiple accounts within a short period of time. But it seems it catches a few with only one account or low exposure so mught as well flip a coin to see how you will be treated ;(. I for one am glad i bt'd my balances away from my Synchrony cards so they will alwsys be near 0 just in case.
. Its just plain silly whats been going on. Any data points you can add if you dont mind?. How many accounts , credit limits, when were they opened,etc. Thanks if you can add anything else to help figure out Insanerony Bank...oops i mean Synchrony Bank.@ nikokonto, no one is really sure but many of us have seen a couple data points but they really range from someone with lots of exposure( 100,000) to those who have opened multiple accounts within a short period of time. But it seems it catches a few with only one account or low exposure so mught as well flip a coin to see how you will be treated ;(. I for one am glad i bt'd my balances away from my Synchrony cards so they will alwsys be near 0 just in case.
Very good policy . If it wasnt for this board i wouldnt even be aware of this problem but thankfully i am. The real sad part is many of us love our Synch cards as many are useful to each person in their own way. Who doesnt love Amazon, many here enjoy having a Wally or Sams or their mc versions. Care credit is very helpful to many here but to have to worry everytime you are going to use your card if it will work is ridiculous. If they dont want someone to have high exposure on certain cards then dont give it out like candy. But to penalize someone youve already extended credit to who is abiding by the rules and paying on time, just not right.
Im becoming jaded to Synch with how they are going about this. Now when i look at a cc or financing option i pay more attention to whos extending that credit. If it say Synchrony, im gonna think twice
Im becoming jaded to Synch with how they are going about this. Now when i look at a cc or financing option i pay more attention to whos extending that credit. If it say Synchrony, im gonna think twice
Thanks MrMello2! . It does stink to have to close aomething earler than one was hoping to but if one doesnt want to comply , what other choice is there. Your timeline of opening cards seems to fall in the timeline when this seemed to start being more prevalent. Ive noticed when people open various accounts since Mar- April of this year , it seems to open Blue box of income varification. I myself have 7 accounts with Sync but i opened these last year so maybe i dont fall in the new bubble but one never knows. Thanks for sharing with us though and best of luck
Sorry to hear. I am about to cancel all with them without getting any accounts frozen over the way they have handled fraud charges on by Ebates card. These jokers call me the end of August to check on a bunch of charges I tell them they are all fraudulent except for 2, they issue new card and trasnfer the fraud charges to it. I never receive any paperwork or acknowledgment from them in writing and am told to contact fraud dept which I do they tell me it takes 30 to 60 days before anything happens. Seeing still nothing being done after this I sent them a certified letter Oct 4 informing them of all the bogus charges and indicated it was them who called me to begin with and that they had done zippo to date and that they are knowingly reporting a false balance to the CRA in violation of the FCRA. They received this letter last Thu as of today I have written communication that they are working on it and it will take another 30-60, I also got a phone call to tell me they are working on it...... I am giving them 2 more weeks before I torch my 3 Sych accounts. This is ridiculous no other of my banks has done this with fraudulent charges the new account is opened and I never hear another word about them... End rant.... Good luck with your deal OP.
Gdale:
Sounds like trying to deal with Macy's when someone uses the Macy's Amex for fraudulent charges.. It was a nightmare to fix for a friend of mine....
THings had to be mailed or faxed in and then they didnt do anything.... And one side told him not to pay the fraudulent charges and the other was sending him late notices...
They finally took the charges off and took repeated phone calls to get the lates removed...
Macys is horribly antiquated ......
-J
