Too many Synchrony accounts?

[Anonymous]

I applied and got approved for a Belk's charge card and the Wal-Mart store card today. It brings my total tradelines to 3 which is the max amount I will ever have open in my lifetime. My question is, did I open to many accounts with Synchrony at one time? They only gave me $300 for Wal-Mart and $200 for Belk's but I really want to build a good relationship with them and not have to worry about them closing the 2 accounts for over applying. I fully intend to use the cards often because I shop heavily at those stores.

[Mellon]

I don't know about opening too many at one time... but you can have more than 3 accounts with them

I have Disc Tire, Walmart, Sams, Belk, JCP, Ebates, Lowes and Paypal MC

[DantGwyrdd]

Synch accounts may start low (especially if your scores are low/borderline at approval time), but tend to grow over time and, anecdotally, with usage and PIF so I wouldn't be too concerned over the small starting limits.

P.S. Congrats on your approvals!

P.S. Speaking of anecdotal, my Wally SC started at $400 if I recall and it's at $3300 now, most CLIs were automatic.

[securingourfuture]

I have like 12 Synchrony cards. You're good. Congratulations!

Just use and request CLIs periodically. Their cards grow and grow to like 20x-30x the starting limit.

[Anonymous]

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@Anonymous wrote:

I applied and got approved for a Belk's charge card and the Wal-Mart store card today. It brings my total tradelines to 3 which is the max amount I will ever have open in my lifetime. My question is, did I open to many accounts with Synchrony at one time? They only gave me $300 for Wal-Mart and $200 for Belk's but I really want to build a good relationship with them and not have to worry about them closing the 2 accounts for over applying. I fully intend to use the cards often because I shop heavily at those stores.

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Some of Synchrony cards start on the low side, you can call Credit Solutions and ask for an increase.  I opened a Walmart card and was given a 600.00 CL, called CS and was bumped to 4K, the next month 6K.  It is a SP so no impact on your score.   Congrats to you for your new cards!

[damac2004]

i think i got 4 all within a year and a half of each other.  i think mine started out at $500 with a credit score of 650.  within that time the credit limits have been increased with heavy utilization without me asking for it.  one is $1500, one is $3000, and the other to i think are $1800 and $2000.

just recently a couple months ago with this type of score and starting my repair journey i had pretty high balances on them all.  never missed a payment or late.  after reading here i tried to ask for an increase at each one and they all turned me down.

right now im paying off all cards except gas card and another i will use for everyday stuff, the rest 0 balance.  most have not hit yet but as of now my score is 699 with 42% utilization according to my dashboard.  hopefully as the report dates hit in the next couple weeks i will see another jump in scores.

i wonder if that would be a good time to ask for cli or if they denied me because of the raises they made in a short amount of time?

[creditguy]

You have nothing to worry about. They will let you know when you have too much by denying you future cards, but you aren't even remotely close to that. If you think these are the only cards you want then you really have nothing to worry about. If these are the cards you think you need for a lifetime you are incredibly disciplined. Use the cards and treat synchrony right and they will return the favor.

[Anonymous]

BINGO !!!  I wonder what you'll be saying about synchrony this time next year when you're out of breath counting credit lines .

[B335is]

OP, you'll be fine. Just take care of the accounts and don't go overboard calling Credit Solutions for CLIs and they will grow with you.

[ddemari]

Agree, let the cards age, limits grow and you will be fine. I have so many synch cards.