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I am on app spree and going to garden for the next year or two too hopefuly get some nice CLI's, or get upgraded to Visa/Mastercard store cards. And maybe get some new CC's with lower APR's/Limits.
My approval spree so far:
Capital One QuickSilver One - $500 CL
Chase Freedom - $750
Chase Freedom Unlmited - $750
Wells Fargo CLI that required a HI for 3 month old cardby $1,000 (Probably doesn't count)
Amazonn Store Card - $1,500
JCPenny - $500
WalMart - $800
Anyway, Is there some limit I should be aware of with Synchrony Bank, or gap between apps? Only cards left I would like to get are TJ Maxx and possibly Lowes or Newegg (or all 3 haha)
stop now... syncrony has been know to shut people down with 3 syncrony cards in a month and other 4 cards won't help especially if you have a thin file.
Honestly I know it feels nice to see approvals, but really you aren't doing your self any favors. Look at the CL's you have been given.
any prime card with a CL under $2k is a warning, okay we approved you, but we don't trust you. These types of cards take a long time to grow.
Garden for 6 months perferably a year.
I'm not sure about the total # of synchrony cards. But depending on your credit profile/score, you can try to up the SL's you were given. Call synchrony credit solutions and request an increase on the cards you just opened. When I opened my JCPenney card, the SL was $600. I called about 1 minute after the online approval and they increased the limit to $5K.
Not so for all. I just got 3 Sync's within 1 month and had no problem. Also reconned to get my cli's way up there. I think it has more to do with what's on you cr than just your score. Congrats on your new cards!!!
That's true. I don't think the number of cards is really what Synchrony looks at. It's your entire credit profile and how you're managing your account(s) with them within that profile.
I wouldn't just continue to app for cards for fun and games though. Unless they are cards you plan to use regularly (a few hundred bucks a month at least) IMO there's no real point to getting them.
I'm not going to debate the 'wisdom' of opening up a ton of store cards all at once, but I will add that when I think of having multiple store card closures all at once I think of Comenity, not Synchrony. It's easy to confuse the two since in both cases their primary business is store cards.
I'm also not saying that account closures are impossible with Synchrony - almost anything is possible if the conditions are right. I'm just saying that Synchrony closures aren't common on here.
FWIW, if it were me I would personally work on increasing my current Synchrony credit lines (Credit Solutions is a great asset) and let them age for a bit. If you have a specific need for one of the other accounts then by all means apply, but I wouldn't apply just for the sake of having another account, at least not at this time.
Just my 2¢.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
I think i'm done now, won't apply for anything else as I really don't shop at Lowe's or Newegg or TJ Maxx. I do shop at those other stores which why I applied for those cards.