They definitely use TransUnion. While Synchrony is apparently now using VantageScore 4.0 to manage their accounts, I am not sure if they have also moved on to using it for applications as well or are still using FICO 8. (The only Synchrony app I have done since the switch was for the Rakuten card and since I got the best terms I didn't get the letter stating a score.). Typically we see approvals at mid-600 and up FICO 8 scores, though.
@chrisw1968uk wrote:legit question because i dont know the answer - what is the advantage of care credit over a regular cc? I am about to realize a life-long ambition and spend upwards of $20k getting all of my teeth crowned - would i benefit by using Care Credit? Thanks!
No interest if paid in X months for 6/12/18/24 months. Of course on a 24 month promo, even if you just had a $0.50 balance left after the 24 months , for a $20k purchase you would be hit with around $10k in retroactive interest in month 25. Fortunately Synchrony always makes this clear, but my assumption would be that a substantial number of cardholders fail to pay these and other 0% if... offers off in time.
They also offer extended terms of fixed payments up to 60 months with APRs in the mid teens.
