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Synchrony CLD and restore!

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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!



10/30/20 Mortgage scores: EX2 738, EQ5 724, TU4 no idea.
10/01/20 Fico 8: EX 709, EQ 722, TU 737.
10/03/20 Fico 9: EX 708, EQ 700, TU no idea...

Zero percent financing is where the devil lives...
Sitting in the garden behaving myself. #noinqs2020
Message 1 of 15
14 REPLIES 14
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Frequent Contributor

Re: Synchrony CLD and restore!

Good job on restoring your credit limit

Amex Blue Cash $28k
Chase FU $11.2k
BOA Cash Rewards $20k
Comenity BJ's Perks Plus M/C $10k
Cap1 QS $750 (AU), BOA Auto
March. 2020 TU 781, EX 775, EQ 776
INQ 1/6, 1/12, 2/24.......TU-0, EX-2 EQ-2
Message 2 of 15
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Frequent Contributor

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 15
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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 Unlimited
Sock Drawer: PenFed Promise • NFCU cashRewards • Chase Freedom • Chase United MileagePlus • UNFCU Azure
Message 4 of 15
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Community Leader
Senior Contributor

Re: Synchrony CLD and restore!


@LeilaniS 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.



Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | PenFed PCR | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





TCL $85,600 | Agg. Util under 5%
Message 5 of 15
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Community Leader
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 15
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Super Contributor

Re: Synchrony CLD and restore!

Congratulations on your CL restoration!
Message 7 of 15
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Frequent Contributor

Re: Synchrony CLD and restore!

@ImTheDevil 

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

Message 8 of 15
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Super Contributor

Re: Synchrony CLD and restore!


@ImTheDevil wrote:

@LeilaniS 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. 



10/30/20 Mortgage scores: EX2 738, EQ5 724, TU4 no idea.
10/01/20 Fico 8: EX 709, EQ 722, TU 737.
10/03/20 Fico 9: EX 708, EQ 700, TU no idea...

Zero percent financing is where the devil lives...
Sitting in the garden behaving myself. #noinqs2020
Message 9 of 15
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Moderator

Re: Synchrony CLD and restore!

Yay you!

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