Synhrony magic # decline

[vezhiux]

Hey crew.

I have Banana Republic card (synchrony) with a 7k limit on it. My highest cards are 20-25k limits. Call in today Magic number to request increase to 25k. My fico shows 757 on TU, util = 2%. Declined. They said we'll send a letter.

Do you think I should call them again and try with different rep? Or should I wait 6 months again? Usually they were easy to increase. I dont know what happened this time

[mendelssohn]

Are you using the card?

[GoEagles997]

You could probably get $25K with a Lowe's card, another Sycnhory Bank card, but with Banana Republic, a clothing store card? I doubt that.

[vezhiux]

Yes, using the card. Last few months before I plan to increase limit, spent 2,5K. right now its 0 again.

[vezhiux]

Anyone had luck with a different CSR on the same day?? Is it worth it to try or not really?

[CameraSnaps]

For some reason, I have not received any approval/ increase calling the magic #

[moosetracks]

Personally I would wait for the letter and see what they have to say then you can decide whether or not to make another call.

[Najus]

Is this the BR store card or the BR Visa card? You might have just hit the max exposure for the store card. If it is a store card though call them up and see if they will let you convert it to a VISA with a CLI as well.

[vezhiux]

Is this the BR store card or the BR Visa card? You might have just hit the max exposure for the store card. If it is a store card though call them up and see if they will let you convert it to a VISA with a CLI as well.

No, its a VISA. Same Synchrony bank just like walmart or lowes.

[JunkBuyersWorstNightmare]

For some reason, I have not received any approval/ increase calling the magic #

 

 

Neither have I.

 

I have gotten attitude from them, though.

[vezhiux]

 

For some reason, I have not received any approval/ increase calling the magic #

 

 

Neither have I.

 

I have gotten attitude from them, though.

 

Wow. I thought they were always easy to deal with. I did a lot easy increases for DW, her parents, even myself from 800 to 7K last time. This was the first time they ever declined to me.

[mjdaniel7]

I think you need a good perspective when asking for CLI when it's clothing vs hardware I. Would say reasonable would be 5-10k hardware is easy to go 15k plus. The probability of spending 25k for clothing is not that reasonable. But Lowe's it's is they expect to spend to keep up your home and they more easy to give credit towards that.

[vezhiux]

So here is an update. Received a letter today from Synchrony.

4 reasons to decline. 1st reason sounded MAYBE reasonable. AAOA is only 3y2m.

All other is a complete BS. Only one account with a small balance to keep utilization up from 0%. Not really many accounts, i have about 10 open accounts.

So should I call and ask for an underwriter to speak? Is this possible? How to recon this? I dont want HP on my TU report, so any suggestions?

Edited March 28, 2015 by vezhiux

[cv91915]

So here is an update. Received a letter today from Synchrony.

4 reasons to decline. 1st reason sounded MAYBE reasonable. AAOA is only 3y2m.

All other is a complete BS. Only one account with a small balance to keep utilization up from 0%. Not really many accounts, i have about 10 open accounts.

So should I call and ask for an underwriter to speak? Is this possible? How to recon this? I dont want HP on my TU report, so any suggestions?

What were the other 3 reasons?

 

You can have an 800 credit score with that AAOA.

 

Inquiries result from applying for credit. Not sure what your point was there.

[vezhiux]

 

So here is an update. Received a letter today from Synchrony.

4 reasons to decline. 1st reason sounded MAYBE reasonable. AAOA is only 3y2m.

All other is a complete BS. Only one account with a small balance to keep utilization up from 0%. Not really many accounts, i have about 10 open accounts.

So should I call and ask for an underwriter to speak? Is this possible? How to recon this? I dont want HP on my TU report, so any suggestions?

What were the other 3 reasons?

 

You can have an 800 credit score with that AAOA.

 

Inquiries result from applying for credit. Not sure what your point was there.

 

Sorry CV, just updated my previous post since the image did not uploaded first. It looks like its there now.

4 reasons. And only first is a bit reasonable. all other 3 is crap.

[ubercat]

What's going on around here? CB is awash in store cards and M$ lately.

 

Look, if the CB bible were written, the Book of Toy would be a cautionary tale about not getting store cards that don't evolve.

 

Lowes. Period. One store card. That's it. If you are going to use other store cards, as in actually use them, then have at it. Otherwise, just Lowes!

 

 

For love of Mike! How many times?!?

[cv91915]

 

 

So here is an update. Received a letter today from Synchrony.

4 reasons to decline. 1st reason sounded MAYBE reasonable. AAOA is only 3y2m.

All other is a complete BS. Only one account with a small balance to keep utilization up from 0%. Not really many accounts, i have about 10 open accounts.

So should I call and ask for an underwriter to speak? Is this possible? How to recon this? I dont want HP on my TU report, so any suggestions?

 

What were the other 3 reasons?

You can have an 800 credit score with that AAOA.

Inquiries result from applying for credit. Not sure what your point was there.

Sorry CV, just updated my previous post since the image did not uploaded first. It looks like its there now.

4 reasons. And only first is a bit reasonable. all other 3 is crap.

I suspect the BR card doesn't go a whole lot higher than where yours is, at least for most people. I missed the fact that your scores were over 750. You have much higher potential elsewhere.

[nateinva]

M$ is an interesting topic...

 

...and the rest is all on Ron's shoulders.

 

WTF else do we talk about now without some healthy B* talk.

 

B* is so dead even the newbs don't come in asking about it any more.

[cv91915]

What's going on around here? CB is awash in store cards and M$ lately.

 

Look, if the CB bible were written, the Book of Toy would be a cautionary tale about not getting store cards that don't evolve.

 

Lowes. Period. One store card. That's it. If you are going to use other store cards, as in actually use them, then have at it. Otherwise, just Lowes!

 

 

For love of Mike! How many times?!?

Was that a hissy fit, or a conniption?

[cv91915]

M$ is an interesting topic...

...and the rest is all on Ron's shoulders.

WTF else do we talk about now without some healthy B* talk.

B* is so dead even the newbs don't come in asking about it any more.

We also have strudel talk.

[nateinva]

How about toaster strudel

[cv91915]

How about toaster strudel

Finally, someone speaks my language around here.

[Losluv]

Bet the strudel is really tasty in a $200 toaster.

[nateinva]

 

How about toaster strudel

Finally, someone speaks my language around here.

Do I get bonus points for actually standing in front of a box in the freezer as I typed it?

 

.....and I hear the better the toaster....well, you know.

Bet the strudel is really tasty in a $200 toaster.

Effing beat me to it!!

[cv91915]

 

 

How about toaster strudel

Finally, someone speaks my language around here.

Do I get bonus points for actually standing in front of a box in the freezer as I typed it?

.....and I hear the better the toaster....well, you know.

Bet the strudel is really tasty in a $200 toaster.

Effing beat me to it!!

Whose box?

 

Oh, nevermind.