I feel really lost. Please note that I've been away for a long time, and I'm not up on everything right now. I've scanned through this thread, but the only thing I've gleaned is that Synchrony seems to close accounts a lot. But I don't know anything else about them.
I have two Synchrony accounts, neither of which I applied for directly. One was originally opened at Sit 'n Sleep (a mattress store here in SoCal). I was in the hospital at the time; my daughter opened the account for me and handled having new mattresses delivered. (I'd tell you what happened to the old ones....but that might be way TMI!) At some point later, I was notified that Synchrony had acquired the Sit 'n Sleep accounts, and that their card, called Synchrony Home, was accepted at millions of retailers across the US. Indeed it is--I've used it at Bed Bath & Beyond.
My other card was originally through Chevron/Texaco. I've had it for years, but just about a month ago it, too, switched over to Synchrony.
I have zero balances on both accounts. My daughter currently has my Chevron card (long story, but I'm not driving right now, and I wanted to keep it active); the bill is always paid in full.
The Synchrony Home card has never carried a balance.
Should I be worried? I'm not too keen on the prospect of 5 figures of credit going poof, you know?!
I have two Synchrony accounts, neither of which I applied for directly. One was originally opened at Sit 'n Sleep (a mattress store here in SoCal). I was in the hospital at the time; my daughter opened the account for me and handled having new mattresses delivered. (I'd tell you what happened to the old ones....but that might be way TMI!) At some point later, I was notified that Synchrony had acquired the Sit 'n Sleep accounts, and that their card, called Synchrony Home, was accepted at millions of retailers across the US. Indeed it is--I've used it at Bed Bath & Beyond.
My other card was originally through Chevron/Texaco. I've had it for years, but just about a month ago it, too, switched over to Synchrony.
I have zero balances on both accounts. My daughter currently has my Chevron card (long story, but I'm not driving right now, and I wanted to keep it active); the bill is always paid in full.
The Synchrony Home card has never carried a balance.
Should I be worried? I'm not too keen on the prospect of 5 figures of credit going poof, you know?!
@Anonymous wrote:Knock on the devils door long enough, he is gonna answer.
This morning my experian showed all 11 sync accounts closed 62,000.00 in total.
The only balance with them was Care Credit for 1673.00, so I paid it off this morning.
Its for the better. My utilization did not suffer as I havent been carrying a balance on any of my other cards nor sync cards besides the care credit. I pay my statements in full.
I pretty much felt this was coming, I regulary ask for cli from them and i opened some new accounts with them recently as well.
Also I dont use any of the cards regulary. Its no shock to me, I asked for it. They helped me build my credit up, so it all ends well as we part ways. RIP Synchrony
I recall some of your recent SYNCB approval threads where you expected this would happen, especially when you closed Marvel and tried for 2 other SYNCB cards to replace it 😬
At least you're taking it well considering this was innevitable. On the upside, your signature will be slimmer 