Sync possible change

bigpoppa09 · ‎08-14-2018

Hey guys i thought i would share this because this is the first time ever getting this on a letter. Last month DW hit the luv button on her Walmart store card hit it again a few days ago instant denial. The letter came today reason to many recent CLI. First time ever getting this dont know if they have a new policy now or what thought i would share.

toadsworth · ‎08-14-2018

This is a common one from sync, literally just means ‘not this time, try again next month’ lol.

Kind of have everything I want now, creditwise. Undeliberately gardening until I have some spending to do and find a 100,000 Amex Platinum offer lol

Started my credit journey August 2016, after abstaining from credit for years after some poor financial choices in high school. Started with scores in the 580s. Current scores 11/6/18 - EQ: 754 TU: 757 EX: 743

From oldest to newest: DuPage CU Visa Platinum, SL 500 now 3750, Cap1 Platinum SL 300 PC'd to QS now 1600, Alliant Credit Union Share Secured Loan $500, Amex BCE SL 5000 now 600, Neiman Marcus SL 700 now 10000, Target RedCard SL 400 now 2900, Amex ED SL 10000 now 500 (combined with Cash Magnet), Chase AARP SL 800 now 3300, Chase Amazon Prime SL 1000 now 10000, Honda Lease, Discover it SL 1000 now 7000, Synchrony PayPal 2% CB SL 3000 now 10000, Barclays Uber Visa SL 800 now 2100, Citi ThankYou Preferred SL 3300 now 5300, Chase Ritz-Carlton SL 10000 now 1500 (moved to other cards to get annual fee refund), Comenity Total Rewards Visa SL 2000 now 3250, US Bank Cash+ SL 500 recon'd to 10000, US Bank Reserve LOC 1000, Union Bank Rewards Visa SL 5000 now 5000, Amex Cash Magnet SL 9900 now 20000, Cap1 Venture SL 10000 now 10000, Discover it 3000 SL now 4000, Amex SPG Luxury 3100 SL now 3100, Amex Amazon Business Prime 10000 SL now 10000, Amex Gold NPSL, US Bank Premier LOC 5000, US Bank Visa Platinum 5400 SL currently reconning

Combined revolving CL $135,300

Goal: Spring 2019 800+ club, $50,000 combined Amex limit

staticvoidmain · ‎08-14-2018

maybe Synchrony is preparing for next year, when Capital One takes over Walmart cards.

Medic981 · ‎08-15-2018

@staticvoidmain wrote:
maybe Synchrony is preparing for next year, when Capital One takes over Walmart cards.

Do the Sync accounts translate to Cap1 accounts at the end of the year?

Bank of America Cash Rewards Visa Signature : 8/17 : $11.2K APR 18.99%

SYNCB - Amazon Prime Store Card : 9/17 : $5K APR 28.24%

Synchrony Car Care : 9/17 APR 29.99%: $2.5K

Synchrony - Conoco : 9/17 : $1.55K APR 29.24%

American Express Everyday Cash : 7/18 : $20K APR 18.74%

Citi Bank Double Cash World Elite MasterCard : 8/18 : $6.5K APR 3.99%

NFCU Flagship Rewards Signature Visa : 11/18 : $25K APR 9.99%

Chase Sapphire Preferred Visa Signature : 10/19 : $8.2K APR 19.99%

PenFed Gold Visa Signature : 03/20 : $7.5K APR 16.49%

Bank of America Amtrak Guest Rewards Platinum Mastercard : 11/20 : $8K APR 18.99%

Synchrony Bank - CareCredit: 12/20 : $4K APR 26.99%

Synchrony Bank - Lowes: 7/21 : $7K APR 25.99%

Chase Freedom Unlimited Visa Signature : 10/21 : $12.3K APR 19.99%

Chase Southwest Airlines Rapid Rewards Priority Visa Signature

USAA Preferred Cash Rewards Visa Signature Card

Your FICO credit scores are not just numbers, it’s a skill.

Anonymous · ‎08-15-2018

@toadsworth wrote:
This is a common one from sync, literally just means ‘not this time, try again next month’ lol.

Can confirm, I got that last month when I tried for a CLI; I'd gotten a $1K CLI the previous month. Just try again, or give it a couple of month's rest and then go back and hit the button again.

Anonymous · ‎08-15-2018

@Medic981 wrote:

@staticvoidmain wrote:
maybe Synchrony is preparing for next year, when Capital One takes over Walmart cards.
Do the Sync accounts translate to Cap1 accounts at the end of the year?

No; the transition won't actually happen until September 2019.

staticvoidmain · ‎08-15-2018

@Medic981 wrote:
Do the Sync accounts translate to Cap1 accounts at the end of the year?

Not until August of 2019. I believe it is not yet certain if the Sync accounts will translate to Cap1 account, or if Synchrony will retain their portfolio and just convert Walmart cards to general purpose cards.

Anonymous · ‎08-15-2018

@staticvoidmain wrote:
@Medic981 wrote:
Do the Sync accounts translate to Cap1 accounts at the end of the year?
Not until August of 2019. I believe it is not yet certain if the Sync accounts will translate to Cap1 account, or if Synchrony will retain their portfolio and just convert Walmart cards to general purpose cards.

I forgot about that bit. Should that happen (and I certainly do see Sync wanting to hold on to the customers they already do have so as to lessen the blow from losing the Walmart account), I guess that the most likely course of action is for Sync to create a new general-purpose card, likely a MC since most if not all of their cobranded bankcards are MC's, for Walmart store card account holders. I'm not sure how well transferring account holders to another co-branded bankcard would go over.