HELP!!! Comenity is trying to destroy me for no reason!!

[AverageJoesCredit]

For some us ,Synchrony has treated us good and fills in gaps left by other smug lenders who look down on the money challenged.

[Anonymous]

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@AverageJoesCredit wrote:
For some us ,Synchrony has treated us good and fills in gaps left by other smug lenders who look down on the money challenged.

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That’s because we are statistically much more likely to not PIF and be unable to BT the charges elsewhere so they rake in that $$$$$. 

They will let us charge up a certain amount and then CLD so we are trapped maxed out and unable to bring it elsewhere. Sync lines are generous until they get used, then they go. That’s why I like NFCU more. 

[AverageJoesCredit]

True @Anonymous

Thats why its always best to use and pif with Synchrony. I prepare myself for any blue or cld by keeping my cards pif. If i lose them i have enough cards from other lenders ill be ok

[Anonymous]

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@AverageJoesCredit wrote:
True @Anonymous

Thats why its always best to use and pif with Synchrony. I prepare myself for any blue or cld by keeping my cards pif. If i lose them i have enough cards from other lenders ill be ok

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Yep AJC, I’m always PIF unless I have a 0% intro or I absolutely cannot help but carry a balance from an emergency. I don’t even use the deferred interest offers on my Amazon and I use my PayPal and Amazon with the full knowledge I could lose them any time for any reason or no reason. I do have sympathy for those who don’t live on MF though and find out when it happens to them. 

[sarge12]

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@Anonymous wrote:

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@sarge12 wrote:

I wish I had a dollar for every post I have seen to say something similar to Comenity or Synchrony is ruining my life. I hope someday to see these 2 and credit one get left in the dustbin of history. Even the generous rewards of cards like Lowes and Walmart are not enough to cause me to hold their cards. I have just read too many of these posts.

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But as you said earlier, probably OK in moderation.   And some cards seem good: I really like Syncs PPMC, and their ebates has its use.   And I guess people seem to like the Amazon one.    Just make sure the exposure is fairly small, and obviously pay on time etc.

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Agreed, I personally do not want either, but I can see some of them being beneficial. In truth though, some people have a crazy number of these cards with the SCT and all.

[sarge12]

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@Anonymous wrote:

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@sarge12 wrote:

I wish I had a dollar for every post I have seen to say something similar to Comenity or Synchrony is ruining my life. I hope someday to see these 2 and credit one get left in the dustbin of history. Even the generous rewards of cards like Lowes and Walmart are not enough to cause me to hold their cards. I have just read too many of these posts.

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But as you said earlier, probably OK in moderation.   And some cards seem good: I really like Syncs PPMC, and their ebates has its use.   And I guess people seem to like the Amazon one.    Just make sure the exposure is fairly small, and obviously pay on time etc.

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You can get a Chase Amazon Prime card instead.

[Anonymous]

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@sarge12 wrote:

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@Anonymous wrote:

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@sarge12 wrote:

I wish I had a dollar for every post I have seen to say something similar to Comenity or Synchrony is ruining my life. I hope someday to see these 2 and credit one get left in the dustbin of history. Even the generous rewards of cards like Lowes and Walmart are not enough to cause me to hold their cards. I have just read too many of these posts.

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But as you said earlier, probably OK in moderation.   And some cards seem good: I really like Syncs PPMC, and their ebates has its use.   And I guess people seem to like the Amazon one.    Just make sure the exposure is fairly small, and obviously pay on time etc.

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You can get a Chase Amazon Prime card instead.

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Sure, and that's what I have, but the Sync card is probably easier to get.   And Chase has the 5/24 limitation, BUT... if you are way over that, probably should be wary of Sync anyway!

IMO, with a few exceptions maybe such as First Premier and similar predatory lenders, we shouldn't make blanket statements like"avoid this lender".   Yes, be aware of quirks that lead to denials and AA, but see if a particular card could be useful.    An example here is Barclays hate, which from time to time has some VERY good cards.  (Previously Sallie Mae, now Uber)

[K-in-Boston]

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@Anonymous wrote:

IMO, with a few exceptions maybe such as First Premier and similar predatory lenders, we shouldn't make blanket statements like"avoid this lender".   Yes, be aware of quirks that lead to denials and AA, but see if a particular card could be useful.    An example here is Barclays hate, which from time to time has some VERY good cards.  (Previously Sallie Mae, now Uber)

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Perfectly stated.  I've carried some hefty promotional balances for 12-18 months on Synchrony (Amazon, Lowe's) and even a 80% of CL 5-digit balance transfer on Comenity (BJ's) for a year.  No issues.

[sarge12]

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@Anonymous wrote:

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@sarge12 wrote:

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@Anonymous wrote:

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@sarge12 wrote:

I wish I had a dollar for every post I have seen to say something similar to Comenity or Synchrony is ruining my life. I hope someday to see these 2 and credit one get left in the dustbin of history. Even the generous rewards of cards like Lowes and Walmart are not enough to cause me to hold their cards. I have just read too many of these posts.

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But as you said earlier, probably OK in moderation.   And some cards seem good: I really like Syncs PPMC, and their ebates has its use.   And I guess people seem to like the Amazon one.    Just make sure the exposure is fairly small, and obviously pay on time etc.

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You can get a Chase Amazon Prime card instead.

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Sure, and that's what I have, but the Sync card is probably easier to get.   And Chase has the 5/24 limitation, BUT... if you are way over that, probably should be wary of Sync anyway!

IMO, with a few exceptions maybe such as First Premier and similar predatory lenders, we shouldn't make blanket statements like"avoid this lender".   Yes, be aware of quirks that lead to denials and AA, but see if a particular card could be useful.    An example here is Barclays hate, which from time to time has some VERY good cards.  (Previously Sallie Mae, now Uber)

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I agree, but some have so many cards they carry, it is easy to get way more exposure to them than anybody should. If you strictly limit yourself to onw or two cards per institution, no 1 creditor can have a major effect on a credit profile. I have about 20 premium cards, but do not have 3 credit lines anywhere. That, as well as PIF, gives little power to any paticular creditor should they decide to balance chase or close all my cards with them. Likely no effect at all in my scores. Of course it took many years to build such a profile and have so many premium cards. My profile is now extremely bullet proof as long as I don't do something stupid like make a late payment. The main thing I warn against is having sometimes 50% of all credit limits at Comenity or synchrony. Me having none is just a personal choice, but if I were doing major home remodeling I can see getting a lowes card for the rewards. If My credit profile was not strong enough for the Chase Amazon Prime, I might for sure get the Comenity or is it Synchrony Amazon card.

[AverageJoesCredit]

Im curious Sarge, whats your definition of a Premium credit card? I can understand not wanting to have say 50% of your limits with one lender but there really no difference in having a high percentage with say Synchrony or Chase. They close you out, they both do the same thing . To me its more how you manage what you have then from whom you have. Sure certain lenders have certain quirks but all lenders do. I just find it odd how people can look down at certain lenders/cards but assume their cards are premium or superior. Any card i own , i could say they are premium because they work well for me and make me happy. Just saying ( and yes i understand their are higher tier cards considered Premium like CSR, Reserve, etc)