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Close my Amazon synchrony store card?

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Total80sKid
Senior Contributor

Re: Close my Amazon synchrony store card?

I'd keep the store card.

I don't think I've seen many here get the Chase version up really high, but the Synchrony store card can grow like crazy, not to mention if you do ever need to have special financing.

There's no AF, so I don't see a reason to close it and Chase does HP CLI requests, whereas the store card is SP.
Message 11 of 13
Anonymous
Not applicable

Re: Close my Amazon synchrony store card?

I think the decision to keep the store card open is fine. 

 

I do see that more than one of us is saying that there is no reason to close it, which I wouldn't say is true.  There are reasons to close and reasons to keep it open.

 

In general, if there is no compelling reason to keep a store card open, you should plan to close it at some point, because of the possible effect it could have on scoring models that don't like store cards. But there are many good reasons to keep it open: I use it, I like it, it is my oldest card, it helps my utilization a lot, closing it would bring my total number of open cards to less than 5, etc.

Message 12 of 13
morgacj2004
Valued Contributor

Re: Close my Amazon synchrony store card?

Close it. I did the same with mine when I got the CHASE card.

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Message 13 of 13
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