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Would You Apply for a Synchrony Card Today?

Total80sKid
Valued Contributor

Re: Would You Apply for a Synchrony Card Today?

Yes.

 

I miss my Amazon Store Card.

 

I use Amazon way too much to not get that 5%. Just waiting for Synch to let me back in (IIB).

Message 31 of 58
squarebasketball
Frequent Contributor

Re: Would You Apply for a Synchrony Card Today?

absolutely. i would get the 5% amazon synch card

Message 32 of 58
SunriseEarth
Moderator Emeritus

Re: Would You Apply for a Synchrony Card Today?


@ridgebackpilot wrote:

But I've read about all the recent Synchrony card abrupt closures. I don't want that to happen to me! Would you recommend applying for a Synchrony card today? My use of the card would be pretty limited.


I had about $90K in CLs with Sync when I was part of their big purge last year.  Since that point, I've obtained two Sync products because they made sense for my needs.   I intend on keeping my Sync cards to a minimum for now.   As for what you should do, get products that make sense for your needs and keep your exposure limited.  I doubt they'd care much about one card or two.



Start: 619 (TU08, 9/2013) | Current: 788 (TU08, 10/6/21)
AMEX Cash Magnet $64000 | Discover IT $46000 | BofA BBR #1 $43900 | BoA BBR #2 $31100 | Venmo VS $30000 | NFCU More Rewards AMEX $25000 | Macy's AMEX $25000 Store $25000 | Cash+ VS $25000 | Altitude Go VS $25000 | Sony Card VS $23750 | GS Apple Card WEMC $20000 | Freedom Flex WEMC $20000 | Cap 1 QS WMC $17250 | Disney VS $15000 | FNBO Evergreen VS $15000 | Target MC $14000 | WF Active Cash VS $12,000 | Citi Custom Cash MC $11600 | Jared Gold Card $11000 | Amazon VS $10000 | AARP VS $8800 | Belk MC $3800 | ~~
Message 33 of 58
Michaeldvc
New Member

Re: Would You Apply for a Synchrony Card Today?

Heck no

Message 34 of 58
GApeachy
Super Contributor

Re: Would You Apply for a Synchrony Card Today?

@ridgebackpilot   I'm not a fan of opening new cards everytime I want to do a 0% promo.  We probably use this card for automotive promos 4-5 times/year.  It depends on your needs....long term guestimate. Does the risk outweigh the benefits?  Depends on how much of a benefit it would be to you, esp. if you're gonna be walking on pins and needles wondering if/when AA.  If you really want it...go for it.  Nobody has a crystal ball.  Just like nobody knows when Synch will totally drop a card, quit servicing it and you're out a tl.

 

Did you do a search on their portal to see the stores in your town that accept Car Care? We have several. Also, there are purchase amts. that individual autoshops have set with the length of financing...I'd ask individually. (6 months, 12 months, 18 months, etc. vs. amt of service ticket for each)

Plus you can use the card for fuel practically anywhere which is an easy way to keep it alive in between service periods.

Something else, whether you have towing ins. or not, is you can get your mechanic/automotive shop to orchestrate towing, servicing, the whole 9 yds and throw all the charges onto the promo.  That's convenient.  We did it before and had no problem getting reimbursed by the Ins. co. for the tow bill portion.

Anyway, it's a handy card if you need it and perhaps need it often...like we do from time to time. 

"My Take Home Pay Don't Take Me Home"
Message 35 of 58
NoMoreE46
Established Contributor

Re: Would You Apply for a Synchrony Card Today?


@Total80sKid wrote:

Yes.

 

I miss my Amazon Store Card.

 

I use Amazon way too much to not get that 5%. Just waiting for Synch to let me back in (IIB).


FYI @Total80sKid 

This is the 5% quarter (up to $75) for Amazon.com Target.com and Walmart.com from Disco;  first year cards get 2x that so $150...  

Amazon Prime Store 10,000
Apple Card GS 14,000
Barclays Rewards 17,000
CapOne Savor 5,000
CapOne Venture 30,000
Discover It 20,500
PenFed Plt Rewards 15,000
PNC Points 12,000
Target Redcard MC 13,000
WF Active Cash 10,000
WF Propel 21,000
Message 36 of 58
NoMoreE46
Established Contributor

Re: Would You Apply for a Synchrony Card Today?


@JNA1 wrote:

We app'd for a Lowe's card 2 weeks ago, so for me, yes. 


This reminds me of the Top Gun classroom scene The Elite, the best of the best  where Viper poses to Maverick  "do you think your name is gonna be on that plaque?"   and @JNA1 answers "Yes Sir!"

 

  

 

Amazon Prime Store 10,000
Apple Card GS 14,000
Barclays Rewards 17,000
CapOne Savor 5,000
CapOne Venture 30,000
Discover It 20,500
PenFed Plt Rewards 15,000
PNC Points 12,000
Target Redcard MC 13,000
WF Active Cash 10,000
WF Propel 21,000
Message 37 of 58
JNA1
Valued Contributor

Re: Would You Apply for a Synchrony Card Today?


@NoMoreE46 wrote:

@JNA1 wrote:

We app'd for a Lowe's card 2 weeks ago, so for me, yes. 


This reminds me of the Top Gun classroom scene The Elite, the best of the best  where Viper poses to Maverick  "do you think your name is gonna be on that plaque?"   and @JNA1 answers "Yes Sir!"

 

  

 


😂😂

Our credit card journey started 3/2018

Hover over cards to see limits and usage.
Total CL - $361,250
Cash Back and SUBs earned as of 10/1/21- $6823.23

CU Memberships

Goal Cards:


Message 38 of 58
FishingGuy
Regular Contributor

Re: Would You Apply for a Synchrony Card Today?

After reading about all of the closures on accounts here (with no late payments)... I would certainly hesitate.  I would probably not opt for any of their store cards, but I would apply for CareCredit..... which is excellent for medical, dental & vet bills.... as well as other things.  

 

I believe ...They also make a substantial amount of money by discounting the amount paid to the "merchant" on the various plans, so they may not look to close these accounts as often..... but other than that,  I'd look for other options.

Message 39 of 58
CWA1984
Regular Contributor

Re: Would You Apply for a Synchrony Card Today?


@Jordan23ww wrote:

My answer currently would be no.  I had a Sam's Club credit card a few years ago which is issued by Synchrony Bank. Used it every time I went to Sam's and always paid the balance in full.  They closed my account after 2 or 3 months of inactivity. Back then I bought so much stuff I didn't need to go to Sam's every single month.

 

Found out about the card closure when the Sam's Cashier told me my card was declined. I had a cart full of items and a lot of people behind me in line. It was so embarrassing.  Although I still shop at Sam's every month, or at least every other month, I have been extremely reluctant to open a Sam's credit card again with this company despite all the great benefits they have added to it.  I just don't trust them at all! 


It's not just synchrony that does this.  I was made an authorized user for Costco by my mother and got a citi costco card and added her to my sam's club membership as well.  Two months later got a letter in the mail from Citi informing me my Costco credit card had been cancelled due to inactivity.  That's just the way store credit cards are in general for the most part.  

Message 40 of 58
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