Synchrony Bank...

[Charmante]

Synchrony Bank (via Lowes) told me to Call This Number within 48 Hours to complete Application...

This clearly meant I was Approved, right?

But they ended up Denying me...

Can I fix this?

ALSO, are ALL Synchrony Bank cards equally difficult to get?

Are some easier?

I want to get my foot into Synchrony...

Easiest to get...?

Thanks!

[M_Smart007]

Synchrony is not known to recon.

Right now most lenders have tightened lending procedures.

[Anonymous]

You *literally* just got their HD card

https://ficoforums.myfico.com/t5/Credit-Cards/HomeDepot-CLI-How-often/td-p/6107187 

I'd stop applying for anything for a while since you have a dirty profile

[800wannabe420]

@Anonymous  Isn't Home Depot backed by Citi?

[Anonymous]

---

@800wannabe420 wrote:

@Anonymous  Isn't Home Depot backed by Citi?

---

oops 

Still too much credit seeking if you look at their post history

[Charmante]

I applied for both HD & Lowe's simultaneously. 

As I stated, I'm planning a $50,000+++ remodel in 2021.

[Credit12Fico]

Why not get a personal loan?  The interest you'll pay on those credit cards  if you don't pay the balance down rapidly will far outweigh any "rewards" you get for shopping with Lowes/HD

[UpperNwGuy]

For a remodeling job, you should get a personal loan rather than use credit cards.

[Wavester64]

---

@Credit12Fico wrote:

Why not get a personal loan?  The interest you'll pay on those credit cards  if you don't pay the balance down rapidly will far outweigh any "rewards" you get for shopping with Lowes/HD

---

+1 

[Charmante]

Cause I don't know how.

I live in a town of 5,000 people.

We have 2 banks. Both tiny local banks.

Neither offer Home Improvement Loans. Only Home Equity Loans.

The current equity is not sufficient to do the remodel.

Their personal loans really cap out at $10,000 unless you have AMAZING 800+ credit and huge income stats; very conservative banks.

SO my plan is to put all materials on credit, pay for labor out of pocket, THEN after the remodel, get a Home Equity Loan to Pay Off cards, replace my depleted savings (from paying labor costs), and pay off my student loans and bills into One Payment.

Is that not okay? I don't see any other options...?