@trvlscmmr wrote:Synchrony decreased limit on my Amazon Store card from $5,000 to $100 lol ouch....
I've been playing w fire. I added a ridiculous amount of new accounts this year but this is the first averse action I've faced.
My credit score has dipped to 665 in the last month. I recently started using the Amazon store card after the card went unused for nearly 6 months or so. I also mistakenly let a Citi card report in last few weeks with 93% utilization.
I checked all my other Sync accounts & the limits are currently untouched, no closures. That Citi card will report under 87% in next 10 days; hopefully that will keep Sync off my back. Maybe this will be good because I was dangerously close to $50,000 total exposure to Sync & I'd rather increase my PP Credit account than this Amazon card (but I want more than $100 limit lol)
Add them all up and there ya go. "Play with fire" and your gonna get burned. I know. Sorry for the CLD.
@trvlscmmr wrote:
@SUPERSQUID wrote:As a person who was forced to file bk7 in 2019 i get nervous reading your post about being above 90 pct utilization, and you said you have a 2nd card very high.
Unless you have monster income imho you are flirting with disaster.
I actually didn't say anything about a second account being high in utilization. I said that I have already paid the Citi account that was reported 93% well down below 89.9%.
I'm not all too worried about what happens next. I paid the small balance on my Amazon card to zero & made a hefty payment to PP credit which was aroun 40% utilization now down to 20%... If Sync shuts some accounts down they shut some accounts down. I'm happy with the new credit I obtained this year. My scores are about to shoot up & my utilization is about to go way down. My overall utilization is only 13% right now, maybe Sync used an old SP when it was like 17% last month.
I just got a $2,500 CLI last night from Macy's to get one of my Macys Amex accounts to $20,000. That should help offset this CLD. I'm glad Macy's bumped me bc they had stopped giving me CLIs for 2 months.
Thats what were trying to say. You know you paid it down as we all saw in your OP. Sync reacted for the maxed out card. Until it posts. They have no clue you paid it down until you did so after the fact. Which will show next statement date. The way Sync has been. Yor lucky they didnt shut down all your Sync cards. Lesson learned. Congrats on your CLI.