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Synchrony closed all accounts

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Anonymous
Not applicable

Re: Synchrony closed all accounts

I'm still in shock and in disbelief. When to go make a payment on lowes of $1700 of purchases made this month and looked at available credit and it said $0 and limit 17,000 and I new something was up.

Message 11 of 78
UpperNwGuy
Valued Contributor

Re: Synchrony closed all accounts


@Anonymous wrote:

Most recent opened over a year ago. Income 250k+. Util 1% scores 750+ accross the board. Never doing business with them again.


With your income level, I think you should be building a portfolio with cards from Chase, Amex, and Bank of America.  Synchrony may have done you a favor by pushing you out of their store card universe.

Daily Carry: PenFed Power Cash • NFCU Flagship • NFCU More Rewards • Chase Freedom
Sock Drawer: PenFed Promise • NFCU cashRewards • Chase Sapphire Preferred • Chase Freedom Unlimited • United Explorer • UNFCU Azure
Message 12 of 78
Anonymous
Not applicable

Re: Synchrony closed all accounts

Yes, you are right it was a huge favor and now I am done with them. 

Message 13 of 78
K-in-Boston
Epic Contributor

Re: Synchrony closed all accounts


@UpperNwGuy wrote:

@Anonymous wrote:

Most recent opened over a year ago. Income 250k+. Util 1% scores 750+ accross the board. Never doing business with them again.


With your income level, I think you should be building a portfolio with cards from Chase, Amex, and Bank of America.  Synchrony may have done you a favor by pushing you out of their store card universe.


Those are not mutually exclusive.  See endless stream of threads on why many of us have store cards.

Message 14 of 78
soxfaininfl
Frequent Contributor

Re: Synchrony closed all accounts


@Anonymous wrote:

Synchrony just closed all of my accounts. Totallying 90k. All accounts used regularly every month and paid in full every month. Very sad.


F%#^! WTH! This is insane!









Message 15 of 78
Anonymous
Not applicable

Re: Synchrony closed all accounts


@Anonymous wrote:

Most recent opened over a year ago. Income 250k+. Util 1% scores 750+ accross the board. Never doing business with them again.


First, sorry to hear of yet another AA from Sync...

 

Have you tried calling them? I'm not sure it has helped anyone else, but with your income and DPs, this "shouldn't have happened." 

Message 16 of 78
Remedios
Credit Mentor

Re: Synchrony closed all accounts


@K-in-Boston wrote:

@UpperNwGuy wrote:

@Anonymous wrote:

Most recent opened over a year ago. Income 250k+. Util 1% scores 750+ accross the board. Never doing business with them again.


With your income level, I think you should be building a portfolio with cards from Chase, Amex, and Bank of America.  Synchrony may have done you a favor by pushing you out of their store card universe.


Those are not mutually exclusive.  See endless stream of threads on why many of us have store cards.


 

I sense fear.

 

While they are not mutually exclusive, no one can really make a case about Synchrony being a "good" reliable lender.

They have some good store cards, but I'd rather lose out on those rewards, and not have to deal with them in a first place. 

I'm not against store cards, but I cannot think of a single thing about them as a lender that I can appreciate and recommend to someone else.

 

 

 

 

 

Message 17 of 78
Anonymous
Not applicable

Re: Synchrony closed all accounts

Just paid off hom furniture o% promo 2 years early $4800. I have a feeling that is what did it. Or maybe it is just random like the lottery and I got picked

Message 18 of 78
Anonymous
Not applicable

Re: Synchrony closed all accounts

I have amex and nfcu so I am better off without them.

Message 19 of 78
K-in-Boston
Epic Contributor

Re: Synchrony closed all accounts


@Remedios wrote:

@K-in-Boston wrote:

@UpperNwGuy wrote:

@Anonymous wrote:

Most recent opened over a year ago. Income 250k+. Util 1% scores 750+ accross the board. Never doing business with them again.


With your income level, I think you should be building a portfolio with cards from Chase, Amex, and Bank of America.  Synchrony may have done you a favor by pushing you out of their store card universe.


Those are not mutually exclusive.  See endless stream of threads on why many of us have store cards.


 

I sense fear.

 

While they are not mutually exclusive, no one can really make a case about Synchrony being a "good" reliable lender.

They have some good store cards, but I'd rather lose out on those rewards, and not have to deal with them in a first place. 

I'm not against store cards, but I cannot think of a single thing about them as a lender that I can appreciate and recommend to someone else.

 

 

 

 

 


I ain't scared!  😬

 

Okay, admittedly this one hit a little closer to home than all of the other DPs.  I would be okay if I lost the three older ones, but I really don't know wanna lose that new Rakuten Card.  Nothing else getting me 3 MRs per dollar.

Message 20 of 78
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