Ashley Synchrony Card

xXIDaShizIXx · ‎09-15-2018

Hello,

My Ashley Synchrony Card was just reduced from $22k to $6k by Synchrony. I don't shop at Ashley furniture any further (its been about 2 years) and usually buy furniture outright and pay in full. Should I just let them close it due to inactivity or just close it myself? Either way I have about $313k in credit and don't forsee this hurting me either way. Thank you guys/gals.

Bank of America Cash Rewards: $70k; Chase Sapphire Preferred: $35k; Capital One Quicksilver: $21.2k; Citi AAdvantage: $23.5k; Care Credit: $20k; Chase Freedom: $12.5k; Chase Freedom Unlimited: $12.5k; Citi Simplicity: $15.9k; Wayfair: $22K; Barclaycard Rewards: $10k; Car Care One: $10k; AMEX BCE: $15k; Discover IT Miles: $10k; Citi DC: $9.2k; Marvel: $10k; Ashley Furniture: $6k; PayPal Credit: $10k; US Bank Cash +: $5k;

Anonymous · ‎09-15-2018

Haha, I don't think it'll hurt you to just close it and be done with it. Nothing wrong with culling the herd now and then.

I have reached a point where I plan to close at least one card for every new one I open...kind of like what my wife does with shoes.

FinStar · ‎09-15-2018

If you have not used it in 2 years and do not anticipate any large purchases there, then close it. SYNCB tends to either CLD or close some accounts after such long periods of inactivity.

xXIDaShizIXx · ‎09-15-2018

@FinStar wrote:
If you have not used it in 2 years and do not anticipate any large purchases there, then close it. SYNCB tends to either CLD or close some accounts after such long periods of inactivity.

Finstar,

Thank you for your timely response! Closure it is!

Bank of America Cash Rewards: $70k; Chase Sapphire Preferred: $35k; Capital One Quicksilver: $21.2k; Citi AAdvantage: $23.5k; Care Credit: $20k; Chase Freedom: $12.5k; Chase Freedom Unlimited: $12.5k; Citi Simplicity: $15.9k; Wayfair: $22K; Barclaycard Rewards: $10k; Car Care One: $10k; AMEX BCE: $15k; Discover IT Miles: $10k; Citi DC: $9.2k; Marvel: $10k; Ashley Furniture: $6k; PayPal Credit: $10k; US Bank Cash +: $5k;

AverageJoesCredit · ‎09-15-2018

Close it down, down town baby