Does Synchrony bank allow

[Kayla325]

Only a percentage of what your annual income is?( as far as credit limits) I keep seeing references on here to a persons annual income and what synchrony offers.

[argardner81]

No, I don't believe it is as simple as a percentage of your income. All creditors including Synchrony look at income but also outstanding debt, payment history, credit utilization, and other factors to determine your actual credit limit. Each creditor (and even every card a creditor offers) will vary in what it weights to these factors. 

So rather than guessing a particular percentage to determine your credit limit you should look at your credit as a whole focusing on debt-to-income and utilization as your key factors to get the best credit limits.

[AverageJoesCredit]

+1 Very well said. If you use your credit wisely , you will find they will often extend you more credit than you would think in comparison to ones income.

[Ajaye55]

I don't think the income really matters so much as your credit worthiness.  I am a sahm, I just got a walmrt card for 1k and a Amazon for 700 within a week of each other.  I have only been working on and rebuilding my credit since this year.  Needless to say I wll definitely be gardening for the next 6 months atleast.  

[BlkCivic]

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@Ajaye55 wrote:

I don't think the income really matters so much as your credit worthiness.  I am a sahm, I just got a walmrt card for 1k and a Amazon for 700 within a week of each other.  I have only been working on and rebuilding my credit since this year.  Needless to say I wll definitely be gardening for the next 6 months atleast.  

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I don't think income plays any part in anything with Sync, UNTIL the blue envelope comes to your mailbox

[AverageJoesCredit]

@Alaye55 , congrats on getting Walmart and Amazon. Try not to app more Sync cards so close together as this is one of the main data points weve seen in getting issued a blue envelope. Not saying it will happen, but your chances can go up. . Best of luck on your rebuild

[Ajaye55]

Thanks for the advice.