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GE Capital

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chalupaman
Super Contributor

Re: GE RETAIL CAPITAL IS SELLING OFF IT'S CREDIT CARD DIVISION

Alright. I got a bit startled there. Hopefully this will not affect CLIs in the future. I only just got cards with them.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down
Message 11 of 46
lownav67
Established Member

GECRB to Become Synchrony Bank

Message 12 of 46
baller4life
Super Contributor

Re: GECRB to Become Synchrony Bank

Something tells me the big credit line increases will start to change. Everybody better get all they can between now and December lol.

Message 13 of 46
Josh2942
Established Contributor

Re: GE Capital

Heck yeah. I went from 1500 to 6k on my lowes. After I finish paying off this 6 ninth finanicng I will ask for 25k
Jaguar F-Type R Loan 50K Balance
Goldman Sachs Signature Loan $29,000 TU 750 score pulled at time of loan.
Student Loan Debt $1,500
Credit Card Debt $300 1>% of $166,700
FAKO Transunion 723 Equifax 744
What's in my wallet? Chase Sapphire Reserve, Chase Freedom Unlimited, and AMEX Blue for Business
Message 14 of 46
ayles
Established Contributor

GECRB-->SYNCB

Got a notification with my Old Navy statement that GECRB will be changing their name to Synchrony Bank [SYNCB].

Random, no?!

Oh well maybe their clis and customer service will synchronize better with their clients needs bahahaha


Current scores: myFICO: 670/TU(Wal): 664/TU(Dis): 659 (Goal: 700)
Last app: 1/3/2014; (Prayerfully!) gardening until: 7/3/2014

~I'm living for an audience of One!
Message 15 of 46
xXIDaShizIXx
Established Contributor

Re: GECRB-->SYNCB


@ayles wrote:
Got a notification with my Old Navy statement that GECRB will be changing their name to Synchrony Bank [SYNCB].

Random, no?!

Oh well maybe their clis and customer service will synchronize better with their clients needs bahahaha

Yeah I doubt it. Need a CLI? Give us 4 months (years) to synchronize your account. ;p

Bank of America Cash Rewards: $70k; Chase Sapphire Preferred: $35k; Capital One Quicksilver: $21.2k; Citi AAdvantage: $23.5k; Care Credit: $20k; Chase Freedom: $12.5k; Chase Freedom Unlimited: $12.5k; Citi Simplicity: $15.9k; Wayfair: $22K; Barclaycard Rewards: $10k; Car Care One: $10k; AMEX BCE: $15k; Discover IT Miles: $10k; Citi DC: $9.2k; Marvel: $10k; Ashley Furniture: $6k; PayPal Credit: $10k; US Bank Cash +: $5k;
Message 16 of 46
baller4life
Super Contributor

Re: GECRB-->SYNCB

Smiley Very Happy hilarious!
Message 17 of 46
SunriseEarth
Moderator Emeritus

Re: GECRB-->SYNCB

I just saw this buried in my JCP statement:

 

Please Note: Soon, GE Capital Retail Bank ("GECRB") will be changing its name to Synchrony Bank (SYNCB). During the

transition you may see communications with either name. For more information please visit gecrb.com/synchronybank

 

 



Start: 619 (TU08, 9/2013) | Current: 809 (TU08, 3/05/24)
BofA CCR WMC $75000 | AMEX Cash Magnet $64000 | Discover IT $46000 | Disney Premier VS $43600 | Venmo VS $30000 | NFCU More Rewards AMEX $25000 | Macy's AMEX $25000 Store $25000 | Cash+ VS $25000 | Altitude Go VS $25000 | Synchrony Premier $24,200 | Sony Card VS $23750 | GS Apple Card WEMC $22000 | WF Active Cash VS $18,000 | Jared Gold Card $16000 | FNBO Evergreen VS $15000 | Citi Custom Cash MC $14600 | Target MC $14500 | BMO Harris Cash Back MC $14000 | Amazon VS $12000 | Freedom Flex WEMC $10000 | Belk MC $10000 | Wayfair MC $4500 ~~
Message 18 of 46
money_talks
Frequent Contributor

Re: GECRB-->SYNCB

I found this article on Forbes and it had a paragraph on GE. See below.

 

http://www.forbes.com/sites/robertlenzner/2014/04/30/seking-shelter-warren-buffett-limits-receivable...

 

"As for General Electric,  it did not wait long to deal with the Financial Stability Board’s designation of GE Capital, (formerly GE Credit), its huge financial services unit, as a systemically risky enterprise. GE has filed to take GE Capital public in an IPO, changing its name to Synchrony Financial. Then in 2015 GE will spin off the remaining 80% of Synchrony Financial to its own shareholders, thereby divesting itself the potential systemic risk and all the headaches that would bring to the stock market’s appreciation of GE itself."

Message 19 of 46
teo77777
Regular Contributor

GE Bank is changing to Synchrony ?

                          Hmmm, just logged into my Wally account to get the message GE Bank is changing to Synchrony.  Just got the card recently due to everyone saying how generous GE cli's were. Sure hope it's the trend with Synchrony. The message says it's a name change only, but also says payment info will need to be updated sometime, but not now. That sound's like a little more than a name change. Guess we'll see.

                                        


TO
Message 20 of 46
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