Synchrony App Information (PG Related)

[stroked89coupe]

It's been a while since I have been on CreditBoards. After a few different recent app's submitted, Mainly with Synchrony, it's obvious some things have changed. No surprise there after being MIA for years 🤪.

 

I wanted to post this information, specifically regarding the Sams store card / Mastercard up mainly to eliminate any confusion when applying for any Synchrony cards, or any cards with this exact verbiage for that matter. This REALLY through me for a loop on one of my recent app's. Back a few years ago this was not applicable and was not required on certain apps I had personally applied to for the business I own. 

 

The information I am referring to is pictured in the attachment. Previously on all apps that had the ability to be processed without a PG this verbiage was not present. Literally just submit the app with an EIN and you were good to go. Now due to the Patriot Act I guess some issuers are doing things differently. Maybe more so just on actual credit cards holding the Mastercard, Visa or Amex properties than regular store accounts. 

 

Anyway, After being a cardholder for a no PG sams store card for about 5 years now (Current line at 10K) I decided to re-apply using the same application (There is not an option for a different application for the store card vs the mc. You simply apply and are approved for what you are considered eligible for) in an attempt to get the mc. I gave the info to the customer service rep in store and she entered it into the tablet. Said app was pending and to call in. Initially I did not fill out the bottom of the first page where it wanted ''Authorized Representative's Signature'' along with social and DOB in ''BOX 2''. There is no way I was giving them this info, or so I thought. Clearly the PG option was on the next page but this was never something that was required in the past. Even with Sams. After talking to about 10 different people in underwriting and CS I came to the conclusion that the app was not going to get processed unless it was entered. I tripple checked that the info was not being used for a PG and the rep processed the app while I was on the phone. He even told me that we were appling for the MC. When that was decided I am not sure. The CS lady at Sams even said there was no option to select either or. 

 

Came back with an approval of 10K for the mastercard. 

 

Hopefully this info will help someone out in some small way since there is so much confusion regarding the sams MC/Store card. Just because you provide a social or DOB does not mean that the account has a PG. 

[Kat58]

Congrats! 😺

 

[BRBiz]

On 6/9/2020 at 7:59 PM, stroked89coupe said:

It's been a while since I have been on CreditBoards. After a few different recent app's submitted, Mainly with Synchrony, it's obvious some things have changed. No surprise there after being MIA for years 🤪.

 

I wanted to post this information, specifically regarding the Sams store card / Mastercard up mainly to eliminate any confusion when applying for any Synchrony cards, or any cards with this exact verbiage for that matter. This REALLY through me for a loop on one of my recent app's. Back a few years ago this was not applicable and was not required on certain apps I had personally applied to for the business I own. 

 

The information I am referring to is pictured in the attachment. Previously on all apps that had the ability to be processed without a PG this verbiage was not present. Literally just submit the app with an EIN and you were good to go. Now due to the Patriot Act I guess some issuers are doing things differently. Maybe more so just on actual credit cards holding the Mastercard, Visa or Amex properties than regular store accounts. 

 

Anyway, After being a cardholder for a no PG sams store card for about 5 years now (Current line at 10K) I decided to re-apply using the same application (There is not an option for a different application for the store card vs the mc. You simply apply and are approved for what you are considered eligible for) in an attempt to get the mc. I gave the info to the customer service rep in store and she entered it into the tablet. Said app was pending and to call in. Initially I did not fill out the bottom of the first page where it wanted ''Authorized Representative's Signature'' along with social and DOB in ''BOX 2''. There is no way I was giving them this info, or so I thought. Clearly the PG option was on the next page but this was never something that was required in the past. Even with Sams. After talking to about 10 different people in underwriting and CS I came to the conclusion that the app was not going to get processed unless it was entered. I tripple checked that the info was not being used for a PG and the rep processed the app while I was on the phone. He even told me that we were appling for the MC. When that was decided I am not sure. The CS lady at Sams even said there was no option to select either or. 

 

Came back with an approval of 10K for the mastercard. 

 

Hopefully this info will help someone out in some small way since there is so much confusion regarding the sams MC/Store card. Just because you provide a social or DOB does not mean that the account has a PG. 

 

Yeah its been like this for awhile with many different lenders, you have to enter your personal info. Generally its pretty clear if you are PG'ing the app and just like that app you have to check a box.

 

 

[IvyMgmt]

I thought they had done away with this. I was in Sams the other day and asked for an app and she told me they didnt have them anymore.