Since the Synchrony account closure thread appears closed ...

[FinStar]

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@BallBounces wrote:

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@GApeachy wrote:

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@BallBounces wrote:

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My advice to other sync heavy folks is to stop mashing the CLI button, and pay attention to having tradelines totaling more than $50,000 with them.  

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Agreed.  Did you keep up with your vs4?

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VS4 is virtually unchanged for the last 12+ months.  I check it a few times a week .....

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Keep in mind that VS4 is not just about scores, it's about trended data. I realize you're trying to rationalize usage on your SYNCB [closed] accounts and whatnot, but they have a lot more complex data to analyze risks -- whether we like it or not. Your 2 other posts here and here seem to indicate it is likely you were on their radar for quite some time. Otherwise, the accounts would've been left as is, not because you had over $50K in SYNCB or because of your alleged expectation for lack of use on the CareCredit account.

Bottom line, regardless of the outcome, it is irreversible. Nothing that can be done to reinstate these accounts. Yes, it can be frustrating and an inconvenience given the upcoming mortgage process, but it is what it is. 

Hypotheticals, speculations, theories are just that, unless someone from SYNCB can clarify their specific rationale and/or logic (which won't likely be the case). We know very little (two years in) about what and when SYNCB will AA. With that being said, there aren't any signs that indicate SYNCB will cease AA activities.

Conversely, there are folks like myself (I'm sure I'm not the only one) that have excess of $50K in combined SYNCB accounts. I'm not saying I'm immune to the axe, but for context, even my last 2 approvals (last July) and one recently have not raised any eyebrows. But, then again, I'm not one to pad limits for utilization purposes nor do I request frequent CLIs (aka 'smashing').

[AwsiDooger]

My Synchrony cards are the ones I've been worried about, in terms of potential closure. I basically don't use them at all, especially since the outset of the pandemic. I haven't taken my typical lengthy driving trips so cards like Pep Boys and Discount Tire just sit around. I am guilty of bumping up those limits when it felt like candy.

But the real problem is Care Credit. I got that card several years ago solely because my periodontist touted it as method to pay off a series of expensive gum procedures at 24 months no interest. That worked fine. But as soon as I returned to that office after 18 months of no dental care during the pandemic, I tried to use the Care Credit card for a basic cleaning. The receptionist looked at me funny: "We don't take Care Credit anymore."

Well that's wonderful. My health care provider also doesn't accept it. Now I'm stuck. The card hadn't been used in nearly 3 years until I did some research last week and discovered that Walgreens now accepts Care Credit and also Walmart, but only for health related purchases at Walmart and only in person, not online. I drove over there and bought $4 in lip balm.

At least that's some activity on the card. My total credit with Synchrony isn't 50 dimes, but close enough. I also drove to Lowe's and bought two bags of potting mix on a card that hadn't been used in a year.

The Pep Boys and Discount Tire cards are accepted are certain gas stations like Exxon and Mobil. I used to put a few bucks on those cards once in a while, sacrificing cash back. However, that is less attractive now given rising gas prices. All of a sudden 3% or 5% means a lot more saved per gallon, while the opposite is true of promotions like 10 cents off per gallon, like my Marathon card. Ten cents per gallon used to be close to 5%. Now it's more like 2%.

[BallBounces]

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@FinStar wrote:

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@BallBounces wrote:

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@GApeachy wrote:

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@BallBounces wrote:

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My advice to other sync heavy folks is to stop mashing the CLI button, and pay attention to having tradelines totaling more than $50,000 with them.  

---

Agreed.  Did you keep up with your vs4?

---

VS4 is virtually unchanged for the last 12+ months.  I check it a few times a week .....

---

Keep in mind that VS4 is not just about scores, it's about trended data. I realize you're trying to rationalize usage on your SYNCB [closed] accounts and whatnot, but they have a lot more complex data to analyze risks -- whether we like it or not. Your 2 other posts here and here seem to indicate it is likely you were on their radar for quite some time. Otherwise, the accounts would've been left as is, not because you had over $50K in SYNCB or because of your alleged expectation for lack of use on the CareCredit account.

Bottom line, regardless of the outcome, it is irreversible. Nothing that can be done to reinstate these accounts. Yes, it can be frustrating and an inconvenience given the upcoming mortgage process, but it is what it is. 

Hypotheticals, speculations, theories are just that, unless someone from SYNCB can clarify their specific rationale and/or logic (which won't likely be the case). We know very little (two years in) about what and when SYNCB will AA. With that being said, there aren't any signs that indicate SYNCB will cease AA activities.

Conversely, there are folks like myself (I'm sure I'm not the only one) that have excess of $50K in combined SYNCB accounts. I'm not saying I'm immune to the axe, but for context, even my last 2 approvals (last July) and one recently have not raised any eyebrows. But, then again, I'm not one to pad limits for utilization purposes nor do I request frequent CLIs (aka 'smashing').

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As usual, I agree with most of what you have said, and especially the forest view (rather than the tres). 

Your examples of my other threads are not strong however.  Every action I have taken in the last 6-12 months has literally been a reduction in individual UTL or aggregate UTL.    The bizarre score decreases of two FICO08 scores aren't what triggered Syncs actons (IMO) and did not move far out of 18 month trendlines.  VS4, using trended data as you point out, has been a literal flat line.  I got my last Sync CLI mere weeks ago.  I am sure it didn't "raise eyebrows".  But something did, and it could have been the smashing.

The net, you are correct, this is just venting and not particularly useful at that, and soon I will "let it go" whether I like it or not.   

[BallBounces]

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@AwsiDooger wrote:

My Synchrony cards are the ones I've been worried about, in terms of potential closure. I basically don't use them at all, especially since the outset of the pandemic. I haven't taken my typical lengthy driving trips so cards like Pep Boys and Discount Tire just sit around. I am guilty of bumping up those limits when it felt like candy.

But the real problem is Care Credit. I got that card several years ago solely because my periodontist touted it as method to pay off a series of expensive gum procedures at 24 months no interest. That worked fine. But as soon as I returned to that office after 18 months of no dental care during the pandemic, I tried to use the Care Credit card for a basic cleaning. The receptionist looked at me funny: "We don't take Care Credit anymore."

Well that's wonderful. My health care provider also doesn't accept it. Now I'm stuck. The card hadn't been used in nearly 3 years until I did some research last week and discovered that Walgreens now accepts Care Credit and also Walmart, but only for health related purchases at Walmart and only in person, not online. I drove over there and bought $4 in lip balm.

At least that's some activity on the card. My total credit with Synchrony isn't 50 dimes, but close enough. I also drove to Lowe's and bought two bags of potting mix on a card that hadn't been used in a year.

The Pep Boys and Discount Tire cards are accepted are certain gas stations like Exxon and Mobil. I used to put a few bucks on those cards once in a while, sacrificing cash back. However, that is less attractive now given rising gas prices. All of a sudden 3% or 5% means a lot more saved per gallon, while the opposite is true of promotions like 10 cents off per gallon, like my Marathon card. Ten cents per gallon used to be close to 5%. Now it's more like 2%.

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Just my opinion of course:

I don't think the broad based Sync closures that typically happen have anything to do with use, swipes, lack of spend, etc.

For what it is worth, even my lonely CareCredit was exercised as well as I could.  I bought vitamins on it (Walgreens) every 12 months while I had it.  I actually liked the idea of having a line of credit for unexpected medical emergencies.  Every one of my Sync cards had a purpose.  VZN, PP MC, and Amazon are "good cards" on their surface ... until they get closed.

I learned my lesson with this company.  And yes  @FinStar , I am almost done venting.

[tcbofade]

I got a haircut from Sync sometime in the last year... closed four of my accounts, but not all of them.

I quit smashing the cli button as most of them are 10k cards anyway...and I'm still waiting for my turn in the barrel.

Thankfully, I've reached a point where a full Sync shutdown would be an inconvenience, not a problem.

Good luck!

[Anonymous]

Now I am worried about MY Amazon account getting closed, I pretty much bought everything I liked, Criterion movie dvds and such around Christmas, so my limit getting bumped from 2100 to 4000 is actually not so helpful to me lol. Should I be worried, or is 4k not big enough to matter. 0 balance now of course and am actually thinking of buying some dvd via Chase FF next month since it has it on 5% category next quarter lol.

[FinStar]

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@Anonymous wrote:

Now I am worried about MY Amazon account getting closed, I pretty much bought everything I liked, Criterion movie dvds and such around Christmas, so my limit getting bumped from 2100 to 4000 is actually not so helpful to me lol. Should I be worried, or is 4k not big enough to matter. 0 balance now of course and am actually thinking of buying some dvd via Chase FF next month since it has it on 5% category next quarter lol.

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@Anonymous Are you exhibiting any risky credit behaviors, such as applying for a lot of accounts, lots of inquiries, high frequent balances, deterioration in scores, several accounts with SYNCB, requesting frequent SYNCB CLIs? If the answer is no to all of those, then I wouldn't be worried. Carry on with life as normal. No one knows the magic formula or who gets the axe. We just know it happens, but there should be no reason to lose sleep if your credit behaviors are kept in check and not raising eyebrows.

[Anonymous]

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@FinStar wrote:

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@Anonymous wrote:

Now I am worried about MY Amazon account getting closed, I pretty much bought everything I liked, Criterion movie dvds and such around Christmas, so my limit getting bumped from 2100 to 4000 is actually not so helpful to me lol. Should I be worried, or is 4k not big enough to matter. 0 balance now of course and am actually thinking of buying some dvd via Chase FF next month since it has it on 5% category next quarter lol.

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@Anonymous Are you exhibiting any risky credit behaviors, such as applying for a lot of accounts, lots of inquiries, high frequent balances, deterioration in scores, several accounts with SYNCB, requesting frequent SYNCB CLIs? If the answer is no to all of those, then I wouldn't be worried. Carry on with life as normal. No one knows the magic formula or who gets the axe. We just know it happens, but there should be no reason to lose sleep if your credit behaviors are kept in check and not raising eyebrows.

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@FinStar 

1st 2 I guess, since I got 2 more cards this year, SO and Disco it which dropped my Eq and Tu points like 20...! Ex is up though, dunno why lol. And I have lots of inquiries, too many, since last October to Jan, just applying foolishly, not knowing this forum lol. Otherwise, no, I only have Amazon store card. I actually don't care for it much.

now, since I've pretty much bought everything last year. As I said Chase FF has 5% for it next quarter anyway, and since I cancelled prime, it's just 3% now using Store card..at least I used this card often last year, Best Buy Citi storecard, haven't used at all lol, only last month to buy some DVDs, now am repenting applying for those 2 store cards, ugggh....

[FinStar]

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@Anonymous wrote:

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@FinStar wrote:

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@Anonymous wrote:

Now I am worried about MY Amazon account getting closed, I pretty much bought everything I liked, Criterion movie dvds and such around Christmas, so my limit getting bumped from 2100 to 4000 is actually not so helpful to me lol. Should I be worried, or is 4k not big enough to matter. 0 balance now of course and am actually thinking of buying some dvd via Chase FF next month since it has it on 5% category next quarter lol.

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@Anonymous Are you exhibiting any risky credit behaviors, such as applying for a lot of accounts, lots of inquiries, high frequent balances, deterioration in scores, several accounts with SYNCB, requesting frequent SYNCB CLIs? If the answer is no to all of those, then I wouldn't be worried. Carry on with life as normal. No one knows the magic formula or who gets the axe. We just know it happens, but there should be no reason to lose sleep if your credit behaviors are kept in check and not raising eyebrows.

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@FinStar 

1st 2 I guess, since I got 2 more cards this year, SO and Disco it which dropped my Eq and Tu points like 20...! Ex is up though, dunno why lol. And I have lots of inquiries, too many, since last October to Jan, just applying foolishly, not knowing this forum lol. Otherwise, no, I only have Amazon store card. I actually don't care for it much.

now, since I've pretty much bought everything last year. As I said Chase FF has 5% for it next quarter anyway, and since I cancelled prime, it's just 3% now using Store card..at least I used this card often last year, Best Buy Citi storecard, haven't used at all lol, only last month to buy some DVDs, now am repenting applying for those 2 store cards, ugggh....

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IMO, I don't think you're into 'danger' territory, but we really don't know what SYNCB may do -- perhaps nothing in your case? If this is your only SYNCB card, then as long as you're not repeating some of the same past beaviors, you should be ok -- especially now that you know more tips about how to build/manage your credit profile vs before coming to the forums.

[tinglywoowoo]

BallBouncer,

I am so sorry you got sideswiped like this. I have been up for hours, having looked at my USPS Informed Delivery account and glimpsing a letter from Synchrony that will land in my mailbox later today. I may be crazy, but I thought I saw the handwriting on the wall. I logged into my out of control Amazon account (though no late payments in 10 years) and closed (Mod cut - not here, please). I have three other Synchrony accounts: Belk (very low balance; on 10 y.o. account with $5K CL), Synchrony Preferred MC (six months old, $500+ balance on 5K CL) and Walgreens Card (about 6 months old, $0 balance on $2K CL that I have used for Walgreens purchases). I really hope that the letter is in regard to something else or is a harbinger of trouble solely for the Amazon account. But it's never that simple or kind, is it?

One of the furry has a vet procedure scheduled next week, estimated to total about $600 to $1K.. As sure as water is wet, it will be the $1k amount but Mom will pay it, come what may; that baby is pushing 13. But this iwill make my numbers looki like a runaway party balloon, propelling sideways across a room.

UPDATE: Synchrony is really on the march this time: https://www.complaintsboard.com/synchrony-bank-b114012

"We were just a band that made it very, very big-- that's all." --John Lennon