Synchrony Care Credit Card

[gingerflower]

Hello Fico friends, got an email from Synchrony Care credit stating change of terms on account. I could not believe the Apr increase from 21 Apr%  to 32 % that is crazy. No negatives on my credit reports payments always paid in full. Score 790 on all 3 CB. If it was not for the sizeable  $20,000 CL I would have definitely close the account. Been with care credit for 8 yrs started with the regular Cc then was automatically upgraded to the  MasterCard. Oh well, thought I'd share my Synchrony dilemma. 

[Anonymous]

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@gingerflower wrote:

Hello Fico friends, got an email from Synchrony Care credit stating change of terms on account. I could not believe the Apr increase from 21 Apr%  to 32 % that is crazy. No negatives on my credit reports payments always paid in full. Score 790 on all 3 CB. If it was not for the sizeable  $20,000 CL I would have definitely close the account. Been with care credit for 8 yrs started with the regular Cc then was automatically upgraded to the  MasterCard. Oh well, thought I'd share my Synchrony dilemma. 

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But have you ever used that APR, rather than interest free or one of the other options?  While 32% is horrible, 21% isn't that great to pay either.

[GreatLife]

Received my APR increase notice about 7 or 8 weeks ago. Fortunately my balance was already $0 and will remain so..I have the Mastercard version and keep getting 4x reward offers, which is probably a hint to either use it or lose it. I'll use it for a small purchase then pay in full prior to new statement. This isn't a balance carrying card unless using a 0% promo.

[gingerflower]

@Anonymous I always used the 21% and interest free during Vet or my Dr . Appts and pay of before 6 months so it was fine for me. But, the thought of hiking the Apr from 21%to 32% got me upset. 

[gingerflower]

@GreatLife  I to got the notice of change to my account. Like I mentioned if it was not for a nice CL $20,000 I would have definitely close the account MasterCard version or not. I enjoy the Cc because it pays for my Dr. Visits, Dental and Vet service plus I use the cash rewards for statement credit. I always use the 6 or 12 months promo and pay in full before promo ends. 

[MissLiz]

Oof. 32% is wild. 

[gingerflower]

@MissLiz  Yes it is crazy but with a CL of $20,000 kinda hard to close account. Besides like I mentioned I use the

card for Dentist, Vet and my Dr. and the rewards I put towards statment credit. 

[FicoMike0]

In not familiar with care bear credit card. Do they offer lower interest financing for healthcare? Is it like other sync deals, if you're a day late or a dollar short, the hit you with interest charge from day one at an enormous rate?

[Anonymous]

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@FicoMike0 wrote:

In not familiar with care bear credit card. Do they offer lower interest financing for healthcare? Is it like other sync deals, if you're a day late or a dollar short, the hit you with interest charge from day one at an enormous rate?

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Yes

[gingerflower]

@FicoMike0 Yes the care credit card offers promo 6, 12, 18 months and yes they do hit you with a day late or dollar short. You can use the Card wheverever health, vets or dental are accepted. I have the MasterCard so I can use Cc anywhere. Hope this helps.