Synchrony...

[KeithW]

The company really irritates me. I have an Old Navy, Wal-Mart, Best Buy and Lowes CC with them and 8 CCs with other companies such as Chase and Cap One. Synchrony is the only one that follows my CL down as I pay them off. I had kept my Utilization on them pretty high for some time and I wanted to get it down under 50%. I made payments to each one and they immediately drop my CL on each card so my Utilization actually went up to over 90%.

[AverageJoesCredit]

Hi, Best Buy is Citibank. It appears Synchrony is balance chasing you. They must be concerned with your high utilization ans are taking steps to protect themselves. Stinks but it happens.

[KeithW]

Wonder why CapOne, Chase, BofA and Citibank don’t do it?

[FinStar]

OP - Chase, BoA and Citi, for instance, are also well-known to balance-chase/CLD as well. It's likely you're not on the radar...yet.

I mean, the whole premise behind SYNCB (or any other lender for that matter) to take adverse action is because you have demonstrated a fairly negative risk assessment given the high utilization or carrying those balances for too long.

[Anonymous]

Yeah like FinStar said, the others are known to take similar actions. 

If anything, Sync serves as a warning to get your credit issues fixed before your other lenders take AA as well. 

[CreditInspired]

@KeithW wrote:
Wonder why CapOne, Chase, BofA and Citibank don’t do it?
——————

Shhhhh. Don’t voice that out loud? You might invite the Gawds to take a second look at your CC arsenal.