SYNCB closed PayPal MC Again

[pip3man]

Looks like I've been hit a 2nd time with the closure of my PayPal MC. First time was 3yrs ago when my Paypal MC was closed 3 days after opening before I even received the physical card in the mail. I truly believe that was triggered after a call to Credit Solutions to increase the initial $6k limit, however the AA letter said something about "risk of default or non-payment." Go figure!

Fast forward to last year, I got approved for the card a second time however with a $500 SL. I've been using it consistently and always paying it off (never revolved a balance on it). I even got an increase to $1k back in Nov/Dec. Anyways, yesterday I requested an increase online which was declined. Coincidentally, the card got axed this morning.

There's been no significant change on my credit report with the exception of 1 new inquiry from AMEX on TU which took my total hard inquiries from 6 to 7 in the last 24 months. I religiously practice AZEO, current overall utilization at 13%. I recently got 4 new accounts with AMEX however none has been reported yet. I'd wager to say the CLI request triggered this closure but I'm curious to see what the letter will say. Suprisingly, they spared my Venmo card with a $12k CL and $0 balance which makes no sense. And today marks exactly 1 yr to the date of having the PPMC. Thankfully, it was my lowest limit card and had a $0 balance, so the loss of $1k doesn't hold no weight as far as my credit goes. With that being said, Venmo is the only account I now have with SYNCB assuming they don't go back later and close that too. Oh well 🤷🏽‍♂️

[USMCOne]

I have had this card for some time with no issues. Even with a zero balance often for quite sometime when I request them I get them. Nowadays I only use it for my Steam Game purchases..lol.

 I would not even consider this card in 2025 after the changes it has gone through. Sure you get 3% back on charges made through paypal but that can be far and few between. Rest of the time your stuck with 1.5%

[FlaDude]

Other than as a way to see Vantage 4 scores, I'd be fine without Sync.

[fullstackdev]

They closed my account today, too (PayPal Line of Credit, not MC). $3750 limit opened in Feb. Paid in full every month. No changes to credit report. Will find out why tomorrow.

[pip3man]

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@fullstackdev wrote:

They closed my account today, too (PayPal Line of Credit, not MC). $3750 limit opened in Feb. Paid in full every month. No changes to credit report. Will find out why tomorrow.

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Wow sorry to hear. By any chance did you request a CLI on the account recently and is that the only account you got with them or you got others?

[pip3man]

@USMCOne you are absolutely right. The card lost its appeal when they nerfed the 2% base earning. It used to be my everyday card but when they got rid of it, I mainly used it for transactions that process through PP for the 3% back. This is honestly one credit card that has been closed involuntarily that I'm completely unbothered. From the low limit, to the zero balance and the nerfed product, yeah they can have that!

[xenon3030]

Lol. You received 2x closure of the same card with Sync. Why did you consider re-opening the card?

[fullstackdev]

I have not requested a CLI recently and this is my only Synchrony account. I used it heavily though as PayPal is my preferred way to pay online.

[indiolatino61]

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@pip3man wrote:

Looks like I've been hit a 2nd time with the closure of my PayPal MC. First time was 3yrs ago when my Paypal MC was closed 3 days after opening before I even received the physical card in the mail. I truly believe that was triggered after a call to Credit Solutions to increase the initial $6k limit, however the AA letter said something about "risk of default or non-payment." Go figure!

Fast forward to last year, I got approved for the card a second time however with a $500 SL. I've been using it consistently and always paying it off (never revolved a balance on it). I even got an increase to $1k back in Nov/Dec. Anyways, yesterday I requested an increase online which was declined. Coincidentally, the card got axed this morning.

There's been no significant change on my credit report with the exception of 1 new inquiry from AMEX on TU which took my total hard inquiries from 6 to 7 in the last 24 months. I religiously practice AZEO, current overall utilization at 13%. I recently got 4 new accounts with AMEX however none has been reported yet. I'd wager to say the CLI request triggered this closure but I'm curious to see what the letter will say. Suprisingly, they spared my Venmo card with a $12k CL and $0 balance which makes no sense. And today marks exactly 1 yr to the date of having the PPMC. Thankfully, it was my lowest limit card and had a $0 balance, so the loss of $1k doesn't hold no weight as far as my credit goes. With that being said, Venmo is the only account I now have with SYNCB assuming they don't go back later and close that too. Oh well 🤷🏽‍♂️

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Synchrony seems to operate in this manner:

[CreditPoor]

4 new accounts/ 6 inquiries and another making it 7/ CLI request and a 13% utilization at the time of request. I'm sure we aren't getting the entire picture but i'd say asking for a CLI after getting a new inquiry on the bureau they often pull for account reviews isnt recommended. Additionally, while the accounts may not be visible on your reports id venture to say they can be seen elsewhere for risk assessment. Possibly carrying a blance on another card month to month. Safe to say something spooked them, again there is always a reason for closing accounts with synchrony even if we dont think there is.