Synchrony PayPal wait for CLI or get a new card?

[Anonymous]

Hi everyone... first and foremost, just want to thank everyone on these boards for your help. I've been reading the info here for a while but just joined recently.

I have a Synchrony PayPal 2% Cash Back card with an $800 SL (that's what I got when I applied - called right away to do CLI but no luck).  I've been using it and paying it off. 

3rd statement just hit and I requested a CLI first through the website, and then called Credit Solutions Overseas number... denied through both. My latest TU score is 754.

I got a letter in the mail today saying "Insufficient experience at your current credit limit."

Does anyone know when I should expect a CLI with them on this card?

Alternatively, I was thinking of applying for a different card with Synchrony like the Marvel Card.

Would love your input!

[Anonymous]

My PayPal cashback was approved at $8000, it has a lot of room to grow. 

Honestly I think Sync wants to see lots of spend and lots of payment. The 2% card is a generous cash back card, it should be most people’s general spend card and that’s likely how they look at it when reviewing for CLIs. 

[AverageJoesCredit]

I only got a $300 sl and already had established credit with Sync snd had a 740 TU. after 3rd statement recieved auto cli to $1050.

Imo, with this card, it doesnt matter what your score is or how much you spend, it seems to be coded to the indivuals profile. How else do you explain people with low 600's getting approved for the card or others receiving big sl while others with really good scores only get low sl snd no increases via CS. Very hard to pinpoint what they want to increase ones ci. From what ive seen so far, it seems to go against the normal grain of how we think Sync operates. Just my thoughts

[imaximous]

My experience may be different from yours because I started at $10k, but I got denied a ton of times for a CLI for the first 6 months or so. Same denial reason as yours at first, then it switched to maximum CL that policy allows or something like that. I thought I was maxed out at $10k until I called Credit Solutions and got an increase finally. But it did take at least 6 months to get a CLI approval. I’d be a little more patient if I were you.

[Turbobuick]

If there's no penalty, put a $1000 on it and see the results. Can't hurt, if they don't charge you for overcharging. If they see you buying within their limits, then they have no incentive to remove the limit. Bigger ticket item, the better. YMMV.

[Anonymous]

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@Turbobuick wrote:

If there's no penalty, put a $1000 on it and see the results. Can't hurt, if they don't charge you for overcharging. If they see you buying within their limits, then they have no incentive to remove the limit. Bigger ticket item, the better. YMMV.

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So go over 100% utilization on a credit card to try to get a credit limit increase? Seems risky. I did check the terms though and they have similar verbiage to my Amazon Store Card that they may choose to approve purchases beyond the credit limit but I am not sure it’s a good idea to try this, especially since Sync is known to do mid-cycle reporting. 

[Anonymous]

My card is new and started at $15K.  I seem to remember from ebates that getting CLIs higher than that requires POI or something?   Is that the case?

But that limit is fine, the bigger issue is the 3K debit card thing.

[FinStar]

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@Anonymous wrote:

My card is new and started at $15K.  I seem to remember from ebates that getting CLIs higher than that requires POI or something?   Is that the case?

But that limit is fine, the bigger issue is the 3K debit card thing.

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IIRC, the POI is usually triggered (but not always) around or past the $25K threshold.

[imaximous]

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@Anonymous wrote:

My card is new and started at $15K.  I seem to remember from ebates that getting CLIs higher than that requires POI or something?   Is that the case?

But that limit is fine, the bigger issue is the 3K debit card thing.

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No POI required when I got $25k. I recently asked for $30k with the luv button but got denied. Letter said limit requested exceeds what their policy allows. Same reason as before, but I haven't called CS to review my request. 

Btw, my credit is far from perfect. Currently 752 TU and still a BK7 on file for another 2 years or so.

[imaximous]

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@FinStar wrote:

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@Anonymous wrote:

My card is new and started at $15K.  I seem to remember from ebates that getting CLIs higher than that requires POI or something?   Is that the case?

But that limit is fine, the bigger issue is the 3K debit card thing.

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IIRC, the POI is usually triggered (but not always) around or past the $25K threshold.

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It seems I'm right at the threshold then. I suppose I could find out by calling to review my denial.