@Anonymous wrote:Even without Prime, the ability to finance things over a longer period can come in handy. It's really not that confusing and you can configure how payment is applied.
I have mine set up like this so that my payments always go to my monthly charges first so I won't get hit with interest on those.
You can also just use Equal Pay and never have to worry about deferred interest at all.
Definitely use the card though. This card can be a great gateway to other Sync cards like Marvel and PayPal Cashback and those are gateways to high limits that help you get prime cards.
I am not really sure the Sync considers "relationship" much at all, to be honest. I think all their cards are viewed as separate products and having one doesn't make you more likely to be approved for another. At least I have never really seen evidence of it. I'm also not sure they are known to be generous with limits, especially on younger/thinner profiles.
In any case, OP, you already took the hits to get the card. You may as well keep it and use it for the 5% benefit which is a good discount if you regularly use Amazon anyway.
@Anonymous wrote:
@Anonymous wrote:Even without Prime, the ability to finance things over a longer period can come in handy. It's really not that confusing and you can configure how payment is applied.
I have mine set up like this so that my payments always go to my monthly charges first so I won't get hit with interest on those.
You can also just use Equal Pay and never have to worry about deferred interest at all.
Definitely use the card though. This card can be a great gateway to other Sync cards like Marvel and PayPal Cashback and those are gateways to high limits that help you get prime cards.
This makes a bit more sense using that option then as you have it setup and clears is up for me.
It's a great card honestly. I do have prime so I benefit from that but you can get value from the financing as well.
Also if you know anyone who has Prime, they can add you to their household and when you use your card, you'll get the 5%. It's not just on your account but any account that has Prime, including free trials, student, and low income accounts.
@kdm31091 wrote:
@Anonymous wrote:Even without Prime, the ability to finance things over a longer period can come in handy. It's really not that confusing and you can configure how payment is applied.
I have mine set up like this so that my payments always go to my monthly charges first so I won't get hit with interest on those.
You can also just use Equal Pay and never have to worry about deferred interest at all.
Definitely use the card though. This card can be a great gateway to other Sync cards like Marvel and PayPal Cashback and those are gateways to high limits that help you get prime cards.
I am not really sure the Sync considers "relationship" much at all, to be honest. I think all their cards are viewed as separate products and having one doesn't make you more likely to be approved for another. At least I have never really seen evidence of it. I'm also not sure they are known to be generous with limits, especially on younger/thinner profiles.
In any case, OP, you already took the hits to get the card. You may as well keep it and use it for the 5% benefit which is a good discount if you regularly use Amazon anyway.
There is definitely evidence that they take overall relationship with them into account for subsequent approvals just based on SL differences and Sync is one of the most generous lenders with limits. Starting limits can be low but it's not uncommon to grow them to $10K or more each.
I'm a little curious why you applied for it, as all of the info being discussed could have been easily discovered before applying, but stuff happens, no use worrying about the past. As for the card's value, if you shop much on Amazon, you should get Prime IMO, it's worth it regardless of payment method, and if you have Prime, either this or the Chase Visa are no-brainers. JMO.
If that does not sound like you (eg if you don't shop much at Amazon), SD the card. No reason to close it now, though it would have been better in this case not to apply for it.
Sync Bank is fine. They are what used to be GE Financial. They have been issuing store cards for many years, and are a solid, known quantity in that area. They are not premium, but they are reputable. As for CLs, I opened my Amazon Store Card last May with a $1,500 CL, and my CL now is $6,000. Far from my highest CL, but it's 4x where it was less than a year ago. YMMV. Good luck whichever path you choose!
@kdm31091 wrote:
@Anonymous wrote:Even without Prime, the ability to finance things over a longer period can come in handy. It's really not that confusing and you can configure how payment is applied.
I have mine set up like this so that my payments always go to my monthly charges first so I won't get hit with interest on those.
You can also just use Equal Pay and never have to worry about deferred interest at all.
Definitely use the card though. This card can be a great gateway to other Sync cards like Marvel and PayPal Cashback and those are gateways to high limits that help you get prime cards.
I am not really sure the Sync considers "relationship" much at all, to be honest. I think all their cards are viewed as separate products and having one doesn't make you more likely to be approved for another. At least I have never really seen evidence of it. I'm also not sure they are known to be generous with limits, especially on younger/thinner profiles.
In any case, OP, you already took the hits to get the card. You may as well keep it and use it for the 5% benefit which is a good discount if you regularly use Amazon anyway.
Synchrony (PPMC) gave me an $8,000 SL with only a year of credit history, so they can most certainly be generous. Within 6 months, I got it up to $10,000. Of course YMMV.
