Large CLD from Sync

longtimelurker · ‎01-23-2022

Credit Karma alerted me of a CLD on Rakuten card, from $15K to $5024. My last payment was Oct 2020. So looking for a good title for a post: "Beware the evil Satanic scum of Sync"? Or is that too mild?

coldfusion · ‎01-23-2022

"Synchrony auto-CLD'd my sockdrawered card" would be more accurate. The new CL ending in "24" is the tipoff.

Historically if you called in and spoke to a CSR you could get the entire limit restored as a one-off. No idea if they have changed their policy since the feds started keeping close tabs on their loss reserves.

(3/2024)
FICO 8 (EX) 846 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

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Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion

wasCB14 · ‎01-23-2022

Do you have any other cards with them? Any big changes in balances on other cards?

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
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Mostly SD: Freedom Flex, Freedom, Arrival
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SUB chasing: AA Platinum Select

AverageJoesCredit · ‎01-23-2022

@longtimelurker wrote:
Credit Karma alerted me of a CLD on Rakuten card, from $15K to $5024. My last payment was Oct 2020. So looking for a good title for a post: "Beware the evil Satanic scum of Sync"? Or is that too mild?

The title should be ALL IN CAPS.

FinStar · ‎01-23-2022

@longtimelurker - The xx24 is indicative of a non-activity CLD. You can reach out to the Credit Solutions team to see about having it restored -- if you wish to have the original limit and/or will be using the card more frequently. Otherwise, it sounds like you did not miss much since it wasn't a fairly active card since 2020 🤷‍♂️

longtimelurker · ‎01-23-2022

@AverageJoesCredit wrote:
@longtimelurker wrote:
Credit Karma alerted me of a CLD on Rakuten card, from $15K to $5024. My last payment was Oct 2020. So looking for a good title for a post: "Beware the evil Satanic scum of Sync"? Or is that too mild?
The title should be ALL IN CAPS.

Very good point!

longtimelurker · ‎01-23-2022

@FinStar wrote:
@longtimelurker - The xx24 is indicative of a non-activity CLD. You can reach out to the Credit Solutions team to see about having it restored -- if you wish to have the original limit and/or will be using the card more frequently. Otherwise, it sounds like you did not miss much since it wasn't a fairly active card since 2020 🤷‍♂️

Yes, I know! Should have included some smileys in my OP, I was being (I thought) not so subtly disrespectful of the "AVOID/PSA!!!" type posts, that are indeed in all caps as @AverageJoesCredit notes!

NRB525 · ‎01-23-2022

@longtimelurker wrote:
Credit Karma alerted me of a CLD on Rakuten card, from $15K to $5024. My last payment was Oct 2020. So looking for a good title for a post: "Beware the evil Satanic scum of Sync"? Or is that too mild?

You haven't been using the card for 15 months and it's their fault?

I thought Rakuten was da bomb at that time, lots of stacked points earning? Or did that change?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

NRB525 · ‎01-23-2022

@longtimelurker wrote:
@FinStar wrote:
@longtimelurker - The xx24 is indicative of a non-activity CLD. You can reach out to the Credit Solutions team to see about having it restored -- if you wish to have the original limit and/or will be using the card more frequently. Otherwise, it sounds like you did not miss much since it wasn't a fairly active card since 2020 🤷‍♂️
Yes, I know! Should have included some smileys in my OP, I was being (I thought) not so subtly disrespectful of the "AVOID/PSA!!!" type posts, that are indeed in all caps as @AverageJoesCredit notes!

There is an option here to edit your prior posts.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

FinStar · ‎01-23-2022

@longtimelurker wrote:
@FinStar wrote:
@longtimelurker - The xx24 is indicative of a non-activity CLD. You can reach out to the Credit Solutions team to see about having it restored -- if you wish to have the original limit and/or will be using the card more frequently. Otherwise, it sounds like you did not miss much since it wasn't a fairly active card since 2020 🤷‍♂️
Yes, I know! Should have included some smileys in my OP, I was being (I thought) not so subtly disrespectful of the "AVOID/PSA!!!"

It's all good 😊 I know you're no fan of emojis 😂

So, what do you plan on doing with the card? Leave the limit as is or get it restored?

I'm surprised it lasted this long without closure! One of mine got a CLD (during 2020) and then eventually closed for inactivity. For sure I was thinking you'd be using your Rakuten CC a bit more.