Synchrony Balance Chasing, What to Do?

[PhilL]

Long story short, I have several credit card balances and have been using the snowball method to eliminate them. I paid off my smallest balance the other week, and next on the list is a Venmo Credit Card issued by Synchrony Bank. Synchrony Bank has been balancing chasing me on this account since last fall. They seem notorious for this, even doing CLDs and eventual card closures for cardholders with solid credit histories. All of these can be read on this site.
 
So, should I pay off the Sychony Account balance next or do another one first?
 
I am afraid to pay off the  Synchrony balance next as I am afraid they will do further CLDs and close the card, potentially further complicating things and even causing a cascading effect. 
 
Then again, could they do that regardless? So should I just pay it off and get it over with?
 
So what do you think I should do?

[swankytiger]

If Sync is already balance chasing, they have 95% already decided to close the accounts once everything is paid off.

[JoeRockhead]

Being they're balance chasing you, as long as there's a remaining balance the account is being scored as maxed out. There's more pros than cons to paying it off. Even if they close it (which is likely)  you'll still retain the positive account history. 

[PhilL]

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@JoeRockhead wrote:

Being they're balance chasing you, as long as there's a remaining balance the account is being scored as maxed out. There's more pros than cons to paying it off. Even if they close it (which is likely)  you'll still retain the positive account history. 

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What about the ding from a credit line decrease?

They are going to move the credit line to zero after I make the payment.

[Anonymous]

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@PhilL wrote:

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@JoeRockhead wrote:

Being they're balance chasing you, as long as there's a remaining balance the account is being scored as maxed out. There's more pros than cons to paying it off. Even if they close it (which is likely)  you'll still retain the positive account history. 

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What about the ding from a credit line decrease?

They are going to move the credit line to zero after I make the payment.

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They are balance chasing you. Your credit line on that card is already effectively zero.

[GZG]

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@PhilL wrote:

Then again, could they do that regardless? So should I just pay it off and get it over with?
 
So what do you think I should do?

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get your debt paid off as quickly as you can, stop the bleeding and see what happens at the end of it, what's done is done and you'll be able to build back up once the debt is gone

[ptatohed]

Pay it off.  And, BTY, Avalanche > Snowball.   

[PhilL]

Sorry for bumping.

But if they close it, will that add derogatory remarks to my credit report?

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@JoeRockhead wrote:

Being they're balance chasing you, as long as there's a remaining balance the account is being scored as maxed out. There's more pros than cons to paying it off. Even if they close it (which is likely)  you'll still retain the positive account history. 

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[JoeRockhead]

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@PhilL wrote:

Sorry for bumping.

But if they close it, will that add derogatory remarks to my credit report?

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@JoeRockhead wrote:

Being they're balance chasing you, as long as there's a remaining balance the account is being scored as maxed out. There's more pros than cons to paying it off. Even if they close it (which is likely)  you'll still retain the positive account history. 

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If they close it, it will only say closed by grantor. Nothing that will affect your scores.

[PhilL]

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Will it impact my ability to get future credit cards or other lines of credit like loans, etc.?

@JoeRockhead wrote:

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@PhilL wrote:

Sorry for bumping.

But if they close it, will that add derogatory remarks to my credit report?

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@JoeRockhead wrote:

Being they're balance chasing you, as long as there's a remaining balance the account is being scored as maxed out. There's more pros than cons to paying it off. Even if they close it (which is likely)  you'll still retain the positive account history. 

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If they close it, it will only say closed by grantor. Nothing that will affect your scores.

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