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Master Synchrony Account Closure Thread

texasman07
Established Contributor

Re: Synchrony closed all account

I just calculated my total exposure including my Venmo approval puts me at 84,300. Honestly this is crazy cuz I do not need all that credit . Removing all those accounts puts me at 485,000$ available credit . Which is still too much. I think I need to re evaluate my portfolio! I consider this a blessing from synchrony as now my eyes are wide open. 

hoping my venmo card comes today so I can activate it and see what happens. 

Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 901 of 1,011
ImTheDevil
Community Leader
Super Contributor

Re: Synchrony closed all account

I hate seeing this happen to so many people and hopefully for those who do want to regain accounts, that they will in time.

 

@QteeQu1 , you mentioned that your scores went way down after your cards were closed. It sounds like much of your synchrony credit was padding the usage on your other cards? If so, I would pay those down before attempting to reopen any more cards from Synch in order to boost your odds.



Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | PenFed PCR | Navy cashRewards | Navy Platinum | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 902 of 1,011
texasman07
Established Contributor

Re: Synchrony closed all account

So help me figure this one out? 

I got my Venmo card, activated . Logged out. Logged in. 25 k limit . 
not closed . 

what ? Why didn't this card get closed ?

Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 903 of 1,011
ImTheDevil
Community Leader
Super Contributor

Re: Synchrony closed all account

No idea, but I would tread lightly with using it and certainly not buy anything you can't pay off in full in case they're just behind by a couple days.



Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | PenFed PCR | Navy cashRewards | Navy Platinum | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 904 of 1,011
texasman07
Established Contributor

Re: Synchrony closed all account

Good idea. Happy at least they left me with a 25k. 

Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 905 of 1,011
blindambition
Community Leader
Senior Contributor

Re: Synchrony closed all account


@ImTheDevil wrote:

I hate seeing this happen to so many people and hopefully for those who do want to regain accounts, that they will in time.

 

@QteeQu1 , you mentioned that your scores went way down after your cards were closed. It sounds like much of your synchrony credit was padding the usage on your other cards? If so, I would pay those down before attempting to reopen any more cards from Synch in order to boost your odds.



Same. This is why I won't open more than my Verizon. I just don't trust Synch. Not knowing their hocus pocus Mumbo jumbo. 
While we see some patterns, this lender is just way too unpredictable for me.

Message 906 of 1,011
AverageJoesCredit
Community Leader
Mega Contributor

Re: Synchrony closed all account


@blindambition wrote:

@ImTheDevil wrote:

I hate seeing this happen to so many people and hopefully for those who do want to regain accounts, that they will in time.

 

@QteeQu1 , you mentioned that your scores went way down after your cards were closed. It sounds like much of your synchrony credit was padding the usage on your other cards? If so, I would pay those down before attempting to reopen any more cards from Synch in order to boost your odds.



Same. This is why I won't open more than my Verizon. I just don't trust Synch. Not knowing their hocus pocus Mumbo jumbo. 
While we see some patterns, this lender is just way too unpredictable for me.


Honestly opening one is same as 3 or 5. The risk is always there.  I havent had any issues so far , knock on wood, but with my current knowledge, if i had to reapply for any Sync cards even ones with good bennies i probably wouldnt. Ones first instinct is usually correct. Now wheres that darn Superman card?Smiley Wink

Message 907 of 1,011
texasman07
Established Contributor

Re: Synchrony closed all account

Got my letters for all 14 closed accounts . 

HIGH RISK FAILURE TO PAY.

 

which means too much liability 

my reports are Clean with no issues. 

at least I still have my 25k venmo

Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 908 of 1,011
GApeachy
Super Contributor

Re: Synchrony closed all account


@texasman07 wrote:

Got my letters for all 14 closed accounts . 

HIGH RISK FAILURE TO PAY.

 

which means too much liability 

my reports are Clean with no issues. 

at least I still have my 25k venmo


Oh wow!  So sorry that happened.  Do you remember any of your VS4?  Had it dropped?  So curious if VS4 actually plays a part in their decision making.  

 

"My Take Home Pay Don't Take Me Home"
Message 909 of 1,011
texasman07
Established Contributor

Re: Synchrony closed all account

Sorry don't know my VS4. But nothing has changed except new accounts and INq

Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 910 of 1,011
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