Master Synchrony Account Closure Thread

[Appleman]

Synchrony closed my Lowe's card ($25K) awhile back and was told it was for non-usage.

I tend to use my PayPal accounts 2-4 times a month. None of my other Synchrony accounts have been impacted.

I will say the Lowe's card pushed me over $100K with Synchrony which has been reported as a ceiling for some.

Sorry about the closure and I am interested to hear the reasons Synchrony provides.

[xXIDaShizIXx]

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@Appleman wrote:

Synchrony closed my Lowe's card ($25K) awhile back and was told it was for non-usage.

I tend to use my PayPal accounts 2-4 times a month. None of my other Synchrony accounts have been impacted.

I will say the Lowe's card pushed me over $100K with Synchrony which has been reported as a ceiling for some.

Sorry about the closure and I am interested to hear the reasons Synchrony provides.

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Well come to find out it was not just Paypal. It was also my Synchrony Home ($6.8k), CareCredit ($20k), and my Car Care ($10k) for a total of $53,600 worth of credit lines closed!

[Anonymous]

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@xXIDaShizIXx wrote:

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@Appleman wrote:

Synchrony closed my Lowe's card ($25K) awhile back and was told it was for non-usage.

I tend to use my PayPal accounts 2-4 times a month. None of my other Synchrony accounts have been impacted.

I will say the Lowe's card pushed me over $100K with Synchrony which has been reported as a ceiling for some.

Sorry about the closure and I am interested to hear the reasons Synchrony provides.

---

Well come to find out it was not just Paypal. It was also my Synchrony Home ($6.8k), CareCredit ($20k), and my Car Care ($10k) for a total of $53,600 worth of credit lines closed!

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And, in the long run, you're better off with them. Sync is really not a reliable player in the CC arena. I have 2 accounts with them I'm too lazy to close, but I don't rely on them or care about them. 

[xXIDaShizIXx]

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@Anonymous wrote:

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@xXIDaShizIXx wrote:

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@Appleman wrote:

Synchrony closed my Lowe's card ($25K) awhile back and was told it was for non-usage.

I tend to use my PayPal accounts 2-4 times a month. None of my other Synchrony accounts have been impacted.

I will say the Lowe's card pushed me over $100K with Synchrony which has been reported as a ceiling for some.

Sorry about the closure and I am interested to hear the reasons Synchrony provides.

---

Well come to find out it was not just Paypal. It was also my Synchrony Home ($6.8k), CareCredit ($20k), and my Car Care ($10k) for a total of $53,600 worth of credit lines closed!

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And, in the long run, you're better off with them. Sync is really not a reliable player in the CC arena. I have 2 accounts with them I'm too lazy to close, but I don't rely on them or care about them. 

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I agree. This was completely random and unexpected given my relationship with other creditors (and synchrony!). I'll definitely never use them again at this rate. 

[Anonymous]

Today I learned that Synchrony Bank closed all of my accounts over $60,000 in credit and the answer I got was that I am a potential risk for not paying my bills. I've never been late on a payment, all but 2 cards held a balance, my overall utilization is 6%. I am livid! My credit score is 730+ and they did this to me. Now I don't know how hard my score is going to fall because of this! Please someone tell me that there's something I can do legally against this company?

[Anonymous]

Hello first off no exuse i had same thing dontnstress out lost 55000 dont try calling thell just make exuse on reason there not legit exuses there told to say that and it will barely lowernyour score because its a mass reduction of same bank thell put that on notes on your credit bureaus

[FinStar]

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@Anonymous wrote:

Today I learned that Synchrony Bank closed all of my accounts over $60,000 in credit and the answer I got was that I am a potential risk for not paying my bills. I've never been late on a payment, all but 2 cards held a balance, my overall utilization is 6%. I am livid! My credit score is 730+ and they did this to me. Now I don't know how hard my score is going to fall because of this! Please someone tell me that there's something I can do legally against this company?

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Based on a majority of recent reports, this has been a recurring theme with a variety of closures.  Sorry to hear they closed your accounts.  Unfortunately, there's really no legal recourse surrounding their adverse actions or decision.  A variety of individuals have filed BBB/CFPB complaints, and/or pursued through respective AG, however it's yielded nothing favorable.

[HRZ780]

I don't mean to steer this thread in the wrong direction, but can someone point me to an updated/recent list of all cards backed by Synchrony (if one does exist)?  I'd like to make sure to completely avoid them.

[Anonymous]

Lolll just stop theres nu logic ive replyed to 100 people at least all over internet there only doing this because of pandemic there not aloud to say that so there told to say certain things and then ypu hang up just i lost 55000 dol perfect credit so just try to forget its a losing battle

[Anonymous]

YOU CAN FIND THE COMPLETE LIST OF THEIR CARDS ON GOOGLE.  GOOGLE COMPLETE LIST OF SYNCHRONY BANK CREDIT CARDS,  I BELIEVE THERE IS ABOUT 100 OR SO IN EXISTENCE. 

THEY CLOSED ALL 9 OF MINE IN APRIL OF THIS YEAR. 

PAYPAL CREDIT  @  $10000

PAYPAL MASTERCARD  @ $10000

SAM'S CLUB MASTERCARD  @ $15000

RAKUTEN SIGNATURE VISA  @ 5K

CHEAPO AIR VISA SIGNATURE  @ 10K

EBAY MASTERCARD @ $4K

BP VISA SIGNATURE @ $ 8K

CONOCO GASCARD  @ 1.2 K

AMAZON STORE CARD  @ 10K

WHO NEEDS THEM ANYWAY  !

I STILL HAVE 40 ACTIVE CREDIT CARDS AND A CAR LOAN WITH A 773 FICO TU AND EQUIFAX,  746 EXPERIAN,  NONE OF THE OTHER 40 NON SYNCHRONY CARDS CHANGED CREDIT LINES EXCEPT FOR CL INCREASES SINCE SYNCHRONY SHUTDOWN IN APRIL  !

THEIR FLIPPIN LOSS !

BE SAFE  !😎