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I have 4 cards with Synchrony. Soon to be ZERO. Here are the details.

Banana Republic: 12/2014

Value City: 12/2015

Amazon: 3/2015

Toy's R Us: 5/2016

I have NEVER paid late. NOT on THESE CARDS. EVER. My limit with BR went from $450 to $1900 limit. VCF from $3500 to $5000. TRU $200(yes $200), and Amazon $1,400.

45 days ago I get a letter from VCF saying my limit has been REDUCED from $5000 to $3,500. Why? Because of my proportional balances on my credit report, and a serious delinquency(Something I have disputed without success, and is due to come off my report 1/2017, and was there when they approved me). The only balance is my $2900 couch I purchased in 8/2015 and have paid each month. NEVER LATE.

38 days ago, after I paid off the whopping $197 balance(tried to build up the limit by charging, and paying off in full before due date), my limit was reduced from $200 to $100. What use does a $100 credit card do me?

Then the kicker. Go to Banana Republic with my wife and 2 kids. Thinking I have $200 balance on a $1900 limit, go to counter to cash out. "Sorry sir, card declined." Must be a mistake had her try again. "Sorry sir, declined." That's impossible. I was embarrassed in front of my kids and my wife. In front of other customers.

But it wasn't after I called Synchrony. My limit was reduced 3 days prior from $1900 to $220. (Balance is $209). Seriously? Isn't that excessive? Why not just close the account? Seriously.

The rude rep told me same thing. Because my balance to limit wasn't proportionally good enough. Well no ***. You reduced my other two cards, so yeah they would. But why should my other cards affect my card with them? NEVER HAVE PAID ANY OF MY CARDS WITH ANYONE LATE. NEVER.

I will be paying off the remaining balances on the cards, cutting them up, and shopping elsewhere. Comenity Bank doesn't do this with my Express, Limited, Victorias Secret, Trek, Pottery Barn or any other cards.... My AMEX doesn't do this. Or my Mastercards or Visa.

Would never do business with this bank.

Reason of review: Pricing issue.

Preferred solution: Let the company propose a solution.

Synchrony Financial Cons: Unfair practices.

Location: Niagara Falls, New York

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Guest

Good, for you. These people need to be taught a lesson.

This is the only bank, that, I know of, that makes you jump hoops, just, to make a payment. Like you said, they are good, at, cutting you're credit limit, and playing games. Aalso, the only bank , ( credit card company,that, has changed they're name, 4 times. Gosh, wonder, why they did that.

I have already, stopped making, any puchases, using, any of they're cards. What a bunch of losers.

Guest

Petition and boycott Synchrony bank!

https://www.change.org/p/consumer-financial-protection-bureau-boycott-synchrony-bank-retail-credit-and-poor-customer-treatment?recruiter=7600****&utm_source=share_for_starters&utm_medium=copyLink

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