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What the heck is going on with Synchrony?

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Anonymous
Not applicable

Re: What the heck is going on with Synchrony?

 


@Anonymous wrote:

@Creditplz wrote:

image.pngHere's a article on the WSJ about defaults on cards rising.. Could this be one of the issues Smiley Surprised?? 


Thanks so much for posting your information here, Creditplz.


+100  Thanks Creditplz!

Message 111 of 876
CreditCuriosity
Moderator Emeritus

Re: What the heck is going on with Synchrony?

Stinks this is happening to people for sure.  Somehow I expect we aren't the normal and getting hit by Sync  with AA as most people don't need 25-35k on Lowes or Marvel CC and the likes and be bumping right up or beyond their 100k exposure limit and use the cards very minimally.  I am guilty of having an ebates card of 10k and only putting 20ish a month on it and a PayPal MC and putting 5ish a month on it along with carecredit for just in case moments which this card should be used for so not worried there.  Do I really need a 10k ebates card though as I sure in the heck am not going to be paying 23% interest on a purchase i plan on carrying Smiley Happy

Message 112 of 876
Anonymous
Not applicable

Re: What the heck is going on with Synchrony?

I am guilty of having an ebates card of 10k and only putting 20ish a month on it

 

Ditto for me.

Message 113 of 876
Anonymous
Not applicable

Re: What the heck is going on with Synchrony?


@Anonymous wrote:

Did it affect anyone's Amazon Store card account? My utilization is 3.5% over there. I"ve had the card for 15 months and always pay in full every month.


I would think that ppl who have decent ut's, like 10% or below, and paying on their accts normally, would not be affected by this.  I have about 62k in total from them & owe them nothing.  I had a balance on Sam's Club and since seeing these, all get pif when I use them.  And I do use them monthly.

Message 114 of 876
Anonymous
Not applicable

Re: What the heck is going on with Synchrony?


@CreditCuriousity wrote:

Stinks this is happening to people for sure.  Somehow I expect we aren't the normal and getting hit by Sync  with AA as most people don't need 25-35k on Lowes or Marvel CC and the likes and be bumping right up or beyond their 100k exposure limit and use the cards very minimally.  I am guilty of having an ebates card of 10k and only putting 20ish a month on it and a PayPal MC and putting 5ish a month on it along with carecredit for just in case moments which this card should be used for so not worried there.  Do I really need a 10k ebates card though as I sure in the heck am not going to be paying 23% interest on a purchase i plan on carrying Smiley Happy


They want to see balance on their accounts for them to make money. If it is not the case, you are not a keeper ( my opinion).

Message 115 of 876
JamP
Valued Contributor

Re: What the heck is going on with Synchrony?

+1 Guilty also.

I surely didn't need $20k on my Sams MC. 

 

On a side note, I am glad I didn't jump on the Marvel bandwagon, surely that card would be $20k too.

 

This sucks for everyone but we are sure glad you guys are sharing with us. Without everyone sharing everyone would be in the dark.

 

Thank you for bringing this to the light.

250k+ CL and climbing.
Message 116 of 876
CreditCuriosity
Moderator Emeritus

Re: What the heck is going on with Synchrony?


@Anonymous wrote:

@CreditCuriousity wrote:

Stinks this is happening to people for sure.  Somehow I expect we aren't the normal and getting hit by Sync  with AA as most people don't need 25-35k on Lowes or Marvel CC and the likes and be bumping right up or beyond their 100k exposure limit and use the cards very minimally.  I am guilty of having an ebates card of 10k and only putting 20ish a month on it and a PayPal MC and putting 5ish a month on it along with carecredit for just in case moments which this card should be used for so not worried there.  Do I really need a 10k ebates card though as I sure in the heck am not going to be paying 23% interest on a purchase i plan on carrying Smiley Happy


They want to see balance on their accounts for them to make money. If it is not the case, you are not a keeper ( my opinion).


Oh that is what I am saying I am not a keeper, not disagreeing with you..  Just saying people with large CL's with them that don't use them aren't making them money so yes was agreeing with you!

Message 117 of 876
Ysettle4
Valued Contributor

Re: What the heck is going on with Synchrony?

Very informative thread with regards to sync card account holders, so thank you. My exposure with them is currently $42K with my income north of $160K. I too only spend a fraction of the limits allocated each month. Guilty like most are.

769 INQs: 6774 INQs: 5764 INQs: 8UTIL: 2%AAoA: 5yr 8mosTotal Credit Line: $873,950
Message 118 of 876
Creditplz
Valued Contributor

Re: What the heck is going on with Synchrony?

i just want to use my marvel for dining Smiley Mad! And Ebates for cash back Smiley Happy! And stash bc I almost have a free hotel stay Smiley Surprised... The rest like Walmart,chevron visa, Bannana republic can all get the boot... I'll gladly UPS them next day free of charge back to Syncrony Smiley Surprised
Message 119 of 876
Anonymous
Not applicable

Re: Any pattern to Synchrony freezes?

Another element to include in the mix is it seems like this is happening to a lot of users who received Stash or Marvel with CLI at opening.

 

Just an idea

Message 120 of 876
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