an FYI on closing Synch store cards...

[pizza1]

You may not know this,,,, but, you should think carefully before YOU close a store  card with them, and really think to yourself...."Do I really need this card?  Can I live without it?"  Once its closed....its closed!  

The reason to ask yourself those questions is because Synch has a hard/fast rule,  no exceptions, that if YOU close a store card with them, you cant reapply for the same card for 1 year. 

Just something to think about if you decide to close one. A lot of people here dont know this...

[ddemari]

Im glad someone else noticed that too. Ive said it before and never got any comment on it. Someone recently said they opened up a old navy store card online, then closed it and applied for a visa in store and was approved. I was surprised by that because usually you are banned for 12 months. When I closed TJX in Oct. 2014, i could reopen it till Oct 2015. Same with Walmart. 

[Anonymous]

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@pizza1 wrote:

You may not know this,,,, but, you should think carefully before YOU close a store  card with them, and really think to yourself...."Do I really need this card?  Can I live without it?"  Once its closed....its closed!  

The reason to ask yourself those questions is because Synch has a hard/fast rule,  no exceptions, that if YOU close a store card with them, you cant reapply for the same card for 1 year. 

Just something to think about if you decide to close one. A lot of people here dont know this...

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I've seen a few "Amazon closure regret" threads.

I guess either a lot of people were churning store cards for tiny bonuses, or Synchrony felt they had too many finicky customers.

[Anonymous]

Well if I close my old navy it forces the visa version to go through if they like me. Win lol.

[onstar]

Is this a new thing?

Early 2015, I opened the Amazon Store Card about 3 months after I closed it down.

In May 2015, I opened the Lowe's card about 2 weeks after I closed the old card.

[Anonymous]

Thanks for posting this.  I recently closed Sunglass Hut after paying off the 6 month financing and when I did, they let me know that I wouldn't be able to reopen the account for a year.  Never thought to post that though, thanks!

[pizza1]

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@onstar wrote:

Is this a new thing?

Early 2015, I opened the Amazon Store Card about 3 months after I closed it down.

In May 2015, I opened the Lowe's card about 2 weeks after I closed the old card.

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Not too new...But on the amazon web site when I closed mine, a messaged popped up saying I couldnt open another one for a year. Anytime you close the card, you have to wait a yr to reopen the same card.

[pipeguy]

Don't think I've ever had "Closers Remorse" after I decided to close cards - generally I close higher APR cards or non-useful cards - at least those being cards I don't use. I still have way too many cards so closing another 6-8 is going to be hard enough, but I need to close 10 or 12 to get down to a core of high credit limts (minimum $10k) and lower APR's (say under $14%). Note I generally PIF on all my cards unless I'm in a 00% promotion of special financing (Example Lowes 5.99 % on a $10,000 new roof), but still looking at $25 to $27% APR's from Sync or Comenity just bugs me - so who needs the grief. 

Laura, you did it right, use the accounts to get better accounts then dump them and their $25+ APR's - Closers Remose? never happen....

[Anonymous]

This has to be a YMMV thing because I closed my old navy store card to turn around and reapply in store a few weeks later and I was able to open the visa. Or maybe it will catch up with me and they'll AA me lol. Time will tell.

[Anonymous]

Maybe it's because the store card was applied for online and the visa I applied for in store three weeks after I closed the store card.