@Anonymous wrote:
@ayeecorreia wrote:Update:
I called tonight (i thought they were closed) and informed the rep that I needed relief due to COVID-19 and my wife being out of work (which is actually true) and wanted to see if I could make the payment over the phone. She was helpful and waived all interest fees as long as I paid the full remaining balance. Paid almost $1000, however much rather do that then pay over $400 in additional fees. Also, now that card is paid off
A case in point why I think deferred interest is a horrible idea esp at sync sub-prime near 30% rates.
Quite surprising for sync actually to do this. I think they probably figured may as well try to get money now before the account could possibly become something they charged off due you saying screw it.
With that said tho hopefully you don't have AA on the account now requestining relief...
What's the APR on your target card?
It's not much below Synch APRs.
Deferred interest is great, but possibility of human error is always there.
Luckily for OP, this story has a good ending.
Besides, you weren't terribly bothered by subprime when you got a free $120.00
@Anonymous wrote:
...sync sub-prime near 30% rates...
Out of curiosity, do you think the subprime level of Synchrony cards is closer to my Citi Premier with that APR or more along the lines of my super subprime Bank of America Travel Rewards with the training wheels $90,000 limit? Just always want to know how to rank these so I know which cards I shouldn't have because of the APRs. Thanks!
@Remedios wrote:
@Anonymous wrote:
@ayeecorreia wrote:Update:
I called tonight (i thought they were closed) and informed the rep that I needed relief due to COVID-19 and my wife being out of work (which is actually true) and wanted to see if I could make the payment over the phone. She was helpful and waived all interest fees as long as I paid the full remaining balance. Paid almost $1000, however much rather do that then pay over $400 in additional fees. Also, now that card is paid off
A case in point why I think deferred interest is a horrible idea esp at sync sub-prime near 30% rates.
Quite surprising for sync actually to do this. I think they probably figured may as well try to get money now before the account could possibly become something they charged off due you saying screw it.
With that said tho hopefully you don't have AA on the account now requestining relief...
What's the APR on your target card?
It's not much below Synch APRs.
Deferred interest is great, but possibility of human error is always there.
Luckily for OP, this story has a good ending.
Besides, you weren't terribly bothered by subprime when you got a free $120.00
Have you read my replies in the past I_don't_ borrow money so APR is irrelevant to me.
I disagree on deferred interest being great. Sure it's GREAT if you follow all the rules and pay it off but your banking on the fact that you CAN pay it off at the end of the term which can be a long way out. COVID-19 should be a VERY good lesson how drastically things can change at a moments notice. A month to month credit card is much different sittuation IMO.
On say a $1000-2000 purchase and getting slammed with all the defered interest due to failure to fully pay it off is very expensive. Thankfully the OP here had a way out and cash to fully pay it all down.
@K-in-Boston wrote:
@Anonymous wrote:
...sync sub-prime near 30% rates...Out of curiosity, do you think the subprime level of Synchrony cards is closer to my Citi Premier with that APR or more along the lines of my super subprime Bank of America Travel Rewards with the training wheels $90,000 limit? Just always want to know how to rank these so I know which cards I shouldn't have because of the APRs. Thanks!
At the end of the day if you don't carry large balances on crappy APR rate cards it's irrelevant anyways so rank them how you see fit 
If you did carry balances that would shake the picture up drastically.
@Anonymous wrote:
@K-in-Boston wrote:
@Anonymous wrote:
...sync sub-prime near 30% rates...Out of curiosity, do you think the subprime level of Synchrony cards is closer to my Citi Premier with that APR or more along the lines of my super subprime Bank of America Travel Rewards with the training wheels $90,000 limit? Just always want to know how to rank these so I know which cards I shouldn't have because of the APRs. Thanks!
At the end of the day if you don't carry large balances on crappy APR rate cards it's irrelevant anyways so rank them how you see fit
Seem to be very anti-Sync, which I'm not completely sure why.
@Anonymous wrote:I would have honestly been shocked if they didn't help you. Synchrony is a lot easier to work with than people give them credit for. Congrats on getting them to waive that charge. Going forward, it's a good idea to calculate out equal payments that will get you paid off a month early when dealing with deferred interest. That way you never have to worry about something like this happening.
Or even better, I calculate mine minus a month. If it's a 12 month deferral, I calculate for 11 months so it's paid off a little early. CYB. 😀
@Anonymous wrote:
@Adkins wrote:
@Anonymous wrote:I would have honestly been shocked if they didn't help you. Synchrony is a lot easier to work with than people give them credit for. Congrats on getting them to waive that charge. Going forward, it's a good idea to calculate out equal payments that will get you paid off a month early when dealing with deferred interest. That way you never have to worry about something like this happening.
Or even better, I calculate mine minus a month. If it's a 12 month deferral, I calculate for 11 months so it's paid off a little early. CYB. 😀
Yeah that's what I said, calculate to pay off a month early.
And case in point on Sync not being as bad as people make them out to be... I just called them because I noticed that my Service CU membership actually coded as a cash advance. I called Service first and put in a request to have someone call me tomorrow to refund the charge and fund with a debit card but I called Synchrony to find out if my PayPal Cashback was going to get hit with a fee anyway and they said that if I can't get it refunded, they'll refund the fee as a one time courtesy. It's only like $7.50 but when you're expecting to earn cash back and instead end up having to pay a fee, it's worth making a call about.
My brain read it entirely differently, until I just reread it now (twice!). Ooops, my bad!
@ayeecorreia wrote:Update:
I called tonight (i thought they were closed) and informed the rep that I needed relief due to COVID-19 and my wife being out of work (which is actually true) and wanted to see if I could make the payment over the phone. She was helpful and waived all interest fees as long as I paid the full remaining balance. Paid almost $1000, however much rather do that then pay over $400 in additional fees. Also, now that card is paid off
That's great to know they came through for you))