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Synchrony CLD and restore!

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tcbofade
Super Contributor

Synchrony CLD and restore!

While updating my weekly excel sheet, I discovered that Synchrony had reduced the credit line on an unused gas card from $2300 to $1024.

 

Knowing what I know (from entirely too much time on MyFico!), I immediately requested a line increase to $4k.

 

They restored my credit line to $2300 immediately.

 

The card has not been used in over a year, so I'll go use it this afternoon.

 

Thanks to all of you for teaching me about the "ends in 24" CLD from Synchrony!

02/01/24 Fico 8: EX 757, EQ 803, TU 783.
Fico 9: EX 760 12/16/23, EQ 790 02/04/24, TU No idea.

Zero percent financing is where the devil lives...
Message 1 of 16
15 REPLIES 15
PutThatMoneyOnTheTable
Established Contributor

Re: Synchrony CLD and restore!

Good job on restoring your credit limit

Amex BCP $35k
Chase FU $19.6k
BOA Cash Rewards $36k
BJs Perks Plus M/C $22k
Cap1 QS $4,950 (AU)
Best Buy $4k
Wells Fargo Active Cash $11.3
Message 2 of 16
Anonymous
Not applicable

Re: Synchrony CLD and restore!

Nice job getting the line restored @tcbofade!! Can you please recap the ends in 24 CLD?

 

Thank you in advance and have a great Sunday ahead! Smiley Very Happy 

Message 3 of 16
UpperNwGuy
Valued Contributor

Re: Synchrony CLD and restore!

What does "ends in 24" signify?

Daily Carry: PenFed Power Cash • NFCU Flagship • NFCU More Rewards • Chase Freedom
Sock Drawer: PenFed Promise • NFCU cashRewards • Chase Sapphire Preferred • Chase Freedom Unlimited • United Explorer • UNFCU Azure
Message 4 of 16
Anonymous
Not applicable

Re: Synchrony CLD and restore!


@Anonymous wrote:

Nice job getting the line restored @tcbofade!! Can you please recap the ends in 24 CLD?

 

Thank you in advance and have a great Sunday ahead! Smiley Very Happy 


There have been a lot of people here over the years who have gotten a CLD down to $xx24, and who were able to restore their lines with a phone call. It's become kind of an indicator of a reversible CLD, almost like a warning shot from Synch that the line will see a permanent drop if one doesn't call in, restore the line, and put some spend on the card.

Message 5 of 16
HeavenOhio
Senior Contributor

Re: Synchrony CLD and restore!


@UpperNwGuy wrote:

What does "ends in 24" signify?


1024 is two to the tenth power. Seeing that number in the world of computers is completely expected, but it's weird in the financial world.

Message 6 of 16
AllZero
Mega Contributor

Re: Synchrony CLD and restore!

Congratulations on your CL restoration!
Message 7 of 16
Anonymous
Not applicable

Re: Synchrony CLD and restore!

@Anonymous 

Thanks very much for the clarification! Much appreciated! Smiley Wink

Message 8 of 16
tcbofade
Super Contributor

Re: Synchrony CLD and restore!


@Anonymous wrote:

@Anonymous wrote:

Nice job getting the line restored @tcbofade!! Can you please recap the ends in 24 CLD?

 

Thank you in advance and have a great Sunday ahead! Smiley Very Happy 


There have been a lot of people here over the years who have gotten a CLD down to $xx24, and who were able to restore their lines with a phone call. It's become kind of an indicator of a reversible CLD, almost like a warning shot from Synch that the line will see a permanent drop if one doesn't call in, restore the line, and put some spend on the card.


^  What he said.  Smiley Wink

 

...except I didn't call... just used the credit limit increase button on the website. 

02/01/24 Fico 8: EX 757, EQ 803, TU 783.
Fico 9: EX 760 12/16/23, EQ 790 02/04/24, TU No idea.

Zero percent financing is where the devil lives...
Message 9 of 16
Remedios
Credit Mentor

Re: Synchrony CLD and restore!

Yay you!

Message 10 of 16
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