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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?


@ccpat wrote:

I have an ON - 4300 and Gap - 3000.  Don't use Gap.  Want to close it, but nervous about it.  Logged on just to look at account (both have zero bal.).  Got income question, which I answered.  Got income question with Amazon also.  Question.....Should I close Gap and reduce exposure?  Have about $50K exposure with Synchrony (Lowes, Sams, WM, Amazon, Care Credit, Sunglass Hut).


It probably wouldn't hurt to quietly reduce exposure by closing one card at a time of those you never use...As long as you don't attract the eagle-eye of Risk Management by increasing exposure, you should be OK

Message 831 of 876
AverageJoesCredit
Legendary Contributor

Re: What the heck is going on with Synchrony?

Whereas Discover has monkeys manning the keyboards for clis, Synchrony has dingbatsSmiley Happy
Message 832 of 876
ccpat
Frequent Contributor

Re: What the heck is going on with Synchrony?

That made me even more nervous.  I also forgot I have the JCP and American Eagle card.  I'm not sure I will be quietly reducing exposure......Should I just go buy something small on the Gap and pay it off?  Really don't need the card.  I'd like to close a couple but don't think that's a good idea. They're just store cards, not the Visa but that may be worse.  

Message 833 of 876
Anonymous
Not applicable

Re: What the heck is going on with Synchrony?


@ccpat wrote:

That made me even more nervous.  I also forgot I have the JCP and American Eagle card.  I'm not sure I will be quietly reducing exposure......Should I just go buy something small on the Gap and pay it off?  Really don't need the card.  I'd like to close a couple but don't think that's a good idea. They're just store cards, not the Visa but that may be worse.  


Everything is your call, of course, but I would keep the cards I need. I closed one Synchrony card because it lost it's usefulness. We are just trying to keep eveyone informed, so please don't be overly nervous or concerned. 

Message 834 of 876
Anonymous
Not applicable

Re: What the heck is going on with Synchrony?


@kuku4koco wrote:

@Anonymous wrote:

Yep, first Sync card opened in 5 years and got hit with a blue envelope on the same day my credit card arrived. Their credit card department is pretty clueness and unwilling to help either.


I don't understand why you were ok with 5k on your carecredit (for 5 yrs), but when given a SL of 10k on a new Marvel, you called for a CLI?  Maybe that's why the Blue envelope?


Yes that is indeed correct. I requested one online, another via phone call, and another one via supervisor. I guess I left that detail out and was denied for all.

Message 835 of 876
Anonymous
Not applicable

Re: What the heck is going on with Synchrony?

Sorry this happened to you Red.

This is why I want to close my Amazon Prime card. I like my Ebates card too much to have it close and this is why I won't just sock drawer it like is recommended. It's like preemptive
credit protection. Smiley Happy

A month or so ago Barclays CLD me for having (I can't remember exactly) like 4-6 inqs in the LAST YEAR!!!! I closed my card as well. It isn't worth the stress or wonder that occurs when you have a Synch, Comenity, or Barclays card.

For some reason it is these 3 that this is lot just a "we do this to people who abuse credit" but a "we do this to anyone and everyone for no reason whenever we want just because we can" and that sucks!

Again-sorry this happened but IMHO you did the right thing
Message 836 of 876
AverageJoesCredit
Legendary Contributor

Re: What the heck is going on with Synchrony?

I just a poster on another thread mentioning a decreade from 25,000k to like 1500. I hope the poster finds this thread so we can see if there is anything we can suggest or if there are any pertinent details we can learn from. I think the thread is on decreasing limits with Synchrony if anyone would like to seeSmiley Happy.
Message 837 of 876
Anonymous
Not applicable

Re: What the heck is going on with Synchrony?

+1 need more info on that example. I understand balance chasing for maxxed, and CLD with a 0 balance, but 1500/25k is the world I try to live in when everythings going my way
My lowes limit is not that high but I'm around 20% deferred interest plans
Message 838 of 876
AverageJoesCredit
Legendary Contributor

Re: What the heck is going on with Synchrony?

Hey Red, did you do that all in one day? Perhaps they thought it was too desparit( needy, sorry cant spell that word for the average in me Smiley Wink ). If you did this within a certain time frame perhaps it kicked off an alarm with their computers saying this person looking for lots of credit within short timeframe. I dont know just a guess.

Ccpat, the good thing is if the card is something you really dont want or use anymore, just think of that as a backup. Close the one you want and if it affects the other, ah well, you were gonna close it anyway. I maintain in the back of my head should i ever run into problems with them, ill just be proactive and close all my accounts. This is also why im trying not to maintain huge balances so if that day ever came, my utilization would not be destroyed lol.
Message 839 of 876
Anonymous
Not applicable

Re: What the heck is going on with Synchrony?


@AverageJoesCredit wrote:
Hey Red, did you do that all in one day? Perhaps they thought it was too desparit( needy, sorry cant spell that word for the average in me Smiley Wink ). If you did this within a certain time frame perhaps it kicked off an alarm with their computers saying this person looking for lots of credit within short timeframe. I dont know just a guess.

Ccpat, the good thing is if the card is something you really dont want or use anymore, just think of that as a backup. Close the one you want and if it affects the other, ah well, you were gonna close it anyway. I maintain in the back of my head should i ever run into problems with them, ill just be proactive and close all my accounts. This is also why im trying not to maintain huge balances so if that day ever came, my utilization would not be destroyed lol.

When I was approved for the card, I did it the same day. Then I called in the next morning to a service agent and I escalated to a Supervisor when I declined. 

Message 840 of 876
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