Synchrony Bank closing my accounts? Is this normal?

[acercode]

They just closed my Walgreen card and halved my limit on my gas card. Is my Amazon card next?

I've never missed a payment or been late. Plus Walgreens had $0 balance and just paid off entire balance on gas card. Is this normal?

[GZG]

normal, no. 

common, yes. 

are you holding high balances, open a bunch of recent accounts, have really high TCL with Synchrony? anything a reasonable person might consider as you being in trouble w/credit? 

[M_Smart007]

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@GZG wrote:

normal, no. 

common, yes. 

are you holding high balances, open a bunch of recent accounts, have really high TCL with Synchrony? anything a reasonable person might consider as you being in trouble w/credit? 

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+ credit seeking? (Recent Inquiries/New Accts.), escalating debt?, TU VS 4.0 Score drop, recent Synchrony CLI's??

[FireMedic1]

March's Victum Thread. Your not alone. Sorry it happened. Waiting my turn.

https://ficoforums.myfico.com/t5/Credit-Cards/Synchrony-Bank-CLOSED-all-of-my-accounts-without-warni... 

[M_Smart007]

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@FireMedic1 wrote:

March's Victum Thread. Your not alone. Sorry it happened. Waiting my turn.

https://ficoforums.myfico.com/t5/Credit-Cards/Synchrony-Bank-CLOSED-all-of-my-accounts-without-warni... 

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Hi @FireMedic1 ,

IMO, with your total Synch exposure, (and not hammering them for CLI's)

I do not think you will have a problem.

[FireMedic1]

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@M_Smart007 wrote:

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@FireMedic1 wrote:

March's Victum Thread. Your not alone. Sorry it happened. Waiting my turn.

https://ficoforums.myfico.com/t5/Credit-Cards/Synchrony-Bank-CLOSED-all-of-my-accounts-without-warni... 

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Hi @FireMedic1 ,

IMO, with your total Synch exposure, (and not hammering them for CLI's)

I do not think you will have a problem.

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Nah. I'm good @M_Smart007 . I use each of them monthly. And PIF before statment date. Imma AZEO type dude ever since BK. Hears AZEO haters. Perfectly happy where I made it to. Like a pig. NVM.

[TMDSCT]

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@acercode wrote:

They just closed my Walgreen card and halved my limit on my gas card. Is my Amazon card next?

I've never missed a payment or been late. Plus Walgreens had $0 balance and just paid off entire balance on gas card. Is this normal?

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Sorry to hear this is happening to you.  I also don't want to make any assumptions, but this is pretty common when you're carrying balances on other lender backed cards and/or missed payments on other lender cards.  They've been doing this since they were GE Money Bank.

[fury1995]

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@acercode wrote:

They just closed my Walgreen card and halved my limit on my gas card. Is my Amazon card next?

I've never missed a payment or been late. Plus Walgreens had $0 balance and just paid off entire balance on gas card. Is this normal?

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They don't like what you've been doing recently.. for sure. You've just opened a personal loan for credit card balances last month and I believe a car loan as well, correct? This doesn't seem like the usual dormant account CLD that Sync loves doing.

Sync usually performs A/R's on Transunion which is far more detailed on historical payments made vs payments scheduled in addition to historical balances. Check and see if you have any soft pulls from Syncrony recently. They will soft pull once for every Sync account you have so you will see multiples at the same time. They just hit mine 5 times on the same day April 11th.

[madmann26]

If your total utilization adds up to over 50%, then this is probably the reason why.