Synchrony PayPal CLD

[FlaDude]

Sync is still CLDing. My wife's JC Penney card was just reduced from 10k to $500. Not too surprising since she only uses that card once or twice a year and generally for less than $150. Her FICOs are in the 840s so it certainly wasn't score related, probably just use related.

[financialfreedom777]

This is an interesting post. I have Paypal credit, Amazon Card and a Kohls card (which I never use). I was thinking of pushing the luv button sometime in Oct/Nov but now reading this I am hesitant.

[CreditCrusader]

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@financialfreedom777 wrote:

This is an interesting post. I have Paypal credit, Amazon Card and a Kohls card (which I never use). I was thinking of pushing the luv button sometime in Oct/Nov but now reading this I am hesitant.

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Kohls is Capital One, not Synch...and IIRC, the increases are more or less automated and predetermined, so it can't hurt to try that card

[financialfreedom777]

Ahh. Hmm, why the heck did I think Kohls was Synchrony? See, you can tell I've never used the card, LOL! They don't even have one in PR. Just a matter of time before they close my card

Sorry, whats IIRC?

[FinStar]

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@financialfreedom777 wrote:

Ahh. Hmm, why the heck did I think Kohls was Synchrony? See, you can tell I've never used the card, LOL! They don't even have one in PR. Just a matter of time before they close my card

Sorry, whats IIRC?

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IIRC = If I Recall Correctly

https://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458

[Anonymous]

It sounds like they may be balance chasing. Usuallly they just close accounts as they did that with me. No notice just closed. I do believe that balance chasing is as bad as closing an account. If any bank did that to me I would call in and have the account closed. There is no point to keep an account like that open.

Mark

[Yasselife]

There is a point, you can recover and keep the history alive. There was a period when my utilization went to the roof(+70%) and Amex did 1 balance chase on me, I continued to make my payments(twice the minimum) for almost a year, and once I paid it down below 50% I asked for an increase amd was granted twice the amount I lost. I paid them a ton of interest and maybe they liked that... I think I got a point here lol