@FinStar wrote:
@chiefone4u wrote:
@FinStar wrote:
Any SYNCB upgrades are available by invite only, not something that can be requested. The potential downside to doing this (depending on how closely you manage AAoA, etc.) is that the upgraded MC/V version will report as a new tradeline and the store account will be closed. Some potential benefits would be that it can be used anywhere MC/V is accepted, a slight bump to the CL and additional rewards benefits not available by the specific store card.
With regard to Comenity, upgrades are fairly rare and by invite only depending on the specific PLCC program. No rhyme or reason for getting a targeted offer. So, it's one of those 'buyer beware' situations when you apply for some of their CCs (especially those offered as both store or MC/V/D versions), you can end up 'stuck' with with the store card if your profile doesn't qualify for any of the major CC versions.Actually some SYNCB cards do allow a request of sorts... because the store card is closed and a new account created, even without an offer *some* stores will allow an "upgrade" of sorts.
For instance, after your internal score is high enough (CSR said 6 months of heavy use and big payments) you can apply for the card again (requires HP) and receive the major version. These stores include Chevron/Texaco, Old Navy, Banana Republic, Gap and American Eagle Outfitters. Other stores may allow it too, these are card's I have either converted this way or CSR said I could upgrade this way. You would then have the option to keep the store card open and the major or close the store card later.
I have the store card (cl $10,000) and major (Visa cl $2,500) versions of Old Navy-- both have astronomical interest rates, the Visa version just allows you to reach Navist status faster since you get a point for every dollar spent outside the GAP brand's.
On the bolded section, previous DPs also have confirmed individuals getting approved for another store card vs. the intended V/MC. So, unless the profile is fairly strong including utilization, scores, etc. I wouldn't recommend that path. Best to build the internal SYNCB history, improve scores, etc., in order to land on their radar for the upgrade. The upside of that is there will not be wasted HP in the event another store card gets approved.
I appreciate all of the responses. Really wasn't looking for any exceptions to the rule. I confirmed what I suspected.
Applying again for card from same lender (in hopes of bank card version ) is not an upgrade or conversion, just means you qualified for the MC/Visa if approved. As stated, a whole new account in case of Synchrony so if one were liking to have this even with knowledge of new account, best to wait for them to upgrade sanz hp
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