Synchrony Question

[MJPEREZ77]

Hi Everyone:

 

After reading a lot about Synchrony, as well as other CC's and multiple apps, in various post on CB, I am hoping to get opinions and feedback to a question(s). Do you think Synchrony just chooses to be liberal with Lowe's? I know that there is one # for Recon on ALL Synchrony CC's. And I also know from reading (and personal experience), it seems as though if you app for more than one Synchrony card and call to recon on all of them, Lowe's end up getting the largest CLI. I wonder if this is because most of us see the success others have had and call on that card 1st? Or is it that the Credit Analyst have an extremely liberal underwriting program for Lowe's versus the other cards? Just wondering because as we all know, it is best to plan for a successful app spree than just to app blindly, so to speak

Thanks in advance for all your help! Hope everyone has a GREAT WEEK!!!

[blqbutterfly]

Hey, I think you might be on to something....this happened to me last week on last round CLI....I got the biggest CLI on Lowes from 800----5000 and then small CLIs 200-500 on some of my other Synchrony cards...I think maybe they offered me so much because he asked what i wanted this increase for....I told him i needed to buy new appliances for the kitchen....whereas on the retail cards I could only be buying clothes or shoes and he probably figured she wouldnt spend that much on those items....but I do think what you are saying has a strong possibility. You have a great week too!

[Cappy]

Weird. Synchrony Doesn't usually ask why you want the increase.

 

They ask income information and the amount you're requesting for the increase and that's it

[cv91915]

Synchrony's proclivities are well documented.

 

Synchrony used to be GECRB.

 

http://creditboards.com/forums/index.php?showtopic=497534

[BDK]

IME I haven't found that Lowes was anymore liberal than other GE Synchrony cards. I think it is a tossup between randomness and differing credit profiles. YMMV

[mendelssohn]

IME I haven't found that Lowes was anymore liberal than other GE Synchrony cards. I think it is a tossup between randomness and differing credit profiles. YMMV

They were way more generous with me on my Lowe's card vs. Walmart. The UW told me that Synchrony cards do not all have the same standards and that it is based on the retail partner's requirements as well.

 

My Walmart was opened 6/2013 and just recently I got it to $5K with the UW.

 

My Lowe's card was opened 2/2014 and is at $17K after 2 UW calls within 4.5 months of account opening.

[BDK]

 

IME I haven't found that Lowes was anymore liberal than other GE Synchrony cards. I think it is a tossup between randomness and differing credit profiles. YMMV

They were way more generous with me on my Lowe's card vs. Walmart. The UW told me that Synchrony cards do not all have the same standards and that it is based on the retail partner's requirements as well.

 

My Walmart was opened 6/2013 and just recently I got it to $5K with the UW.

 

My Lowe's card was opened 2/2014 and is at $17K after 2 UW calls within 4.5 months of account opening.

 

Be VERY wary of listening to anything those UW say.

 

I had WAY more difficulty with Lowes than WM.

 

Everybody's case with GE can be quite different. YMMV

[nysbadmk8]

I will add no scientific data here... Out of all my sync cards, Lowes was the easiest and is the highest.

 

Lowes- 25K- 2000-10000-25000

Walmart- 10K- Up from $500 500-2000-10000

Ebates- 6k Couldnt Recon at all

Sams Club- 2K Recon

 

Only card out of this bunch that wasnt app'ed while over 750 was Walmart

[minnie aubre]

Interesting. Lowe's and JCP are the only ones that I've ever gotten increases.

[blqbutterfly]

Weird. Synchrony Doesn't usually ask why you want the increase.

 

They ask income information and the amount you're requesting for the increase and that's it

For me he did ask.....but I was already ready with my story.....in the end I really don't think it mattered....what I found odd was he asked which other cards do you want me to look at.....so I told him and some were a yes and some were a no....but then over the next couple of days I started to see CLIs over most of my cards.....either way I'm not complaining just trying to get that util under control by paying down stuff and CLIs.

[JunkBuyersWorstNightmare]

I've found that I've had much better results using the Synchrony love button than speaking with the underwriters there.

[Losluv]

I've found that I've had much better results using the Synchrony love button than speaking with the underwriters there.

Me too. The UWs hate me. BTW- my Lowes has the highest limit of my Sync cards, very generous with the CLI's. I get tiny bumps from Amazon and Walmart.

[girliegirl]

I think Lowes would be easier for underwriters to CLI (for most but YMMW) because it's not a high risk fraud or default category: home repair, tools, etc. It's not like Walmart, Amazon or Apple where you can suddenly find yourself over extending your budget by buying flat panels, MacBooks and other home electronics. Buying appliances or drill bits isn't as exciting or "sexy" as a new 60" HD TV or a new surround sound system so people tend to not make as many rash decisions that they might end up defaulting on later.

Edited October 23, 2014 by girliegirl

[BDK]

I think Lowes would be easier for underwriters to CLI (for most but YMMW) because it's not a high risk fraud or default category: home repair, tools, etc. It's not like Walmart, Amazon or Apple where you can suddenly find yourself over extending your budget by buying flat panels, MacBooks and other home electronics. Buying appliances or drill bits isn't as exciting or "sexy" as a new 60" HD TV or a new surround sound system so people tend to not make as many rash decisions that they might end up defaulting on later.

LOL, speak for yourself! Buying HI and/or tools IS very exciting.

[girliegirl]

 

I think Lowes would be easier for underwriters to CLI (for most but YMMW) because it's not a high risk fraud or default category: home repair, tools, etc. It's not like Walmart, Amazon or Apple where you can suddenly find yourself over extending your budget by buying flat panels, MacBooks and other home electronics. Buying appliances or drill bits isn't as exciting or "sexy" as a new 60" HD TV or a new surround sound system so people tend to not make as many rash decisions that they might end up defaulting on later.

LOL, speak for yourself! Buying HI and/or tools IS very exciting.

Haha BDK, I'm just making a generalization about the overall public. Good to know you get excited over drill bits and sandpaper in your stocking at Christmas though.

[mendelssohn]

Lowe's also sells gift cards, which I believe also qualify for the 5% discount, so it's a lot more than 2x4s and drill bits.