Synchrony selling accounts to Citi

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CarefulBuilder14
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Synchrony selling accounts to Citi

Postby CarefulBuilder14 » Tue Apr 07, 2015 8:12 pm

Synchrony will be selling the Brooks Brothers card accounts to Citi in mid-June. Has anyone heard anything similar for other Synchrony cards?
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popamode72
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Postby popamode72 » Tue Apr 07, 2015 8:40 pm

CarefulBuilder14 wrote:Synchrony will be selling the Brooks Brothers card accounts to Citi in mid-June. Has anyone heard anything similar for other Synchrony cards?


Synchrony bought BP from Chase this year. Dillards, which Synchrony was the issuer of, was bought out by Wells Fargo late last year. It seems like they are selling and buying different properties this year.

I think with Citi, you're gonna expect to see the occasional SP CLI offer but when that's not available, most likely HPs for CLIs. I think Citi is hit and miss. They have gotten better with their rewards cards but the customer service isn't as good as what Chase, Discover, or even Amex have to offer.
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lobbythis
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Postby lobbythis » Tue Apr 07, 2015 10:22 pm

Well, Citi sucks with the BB card so I wouldn't say there's much to look forward to.

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Postby CarefulBuilder14 » Tue Apr 07, 2015 10:42 pm

Well, I'm not thrilled, but I'm not too disappointed, either. The rewards are nice, but there was at least one transaction where the transaction amount changed after I made a purchase. I think I saved another $3 as a result, but it's not the sign of a well-oiled machine. Maybe it was BB's fault.

Possible good news is that I might be able to link the card to Credit Karma and other websites.

If I can't have the card's CL grow automatically with time, maybe I should call tomorrow and see if I can (via SP only) get the CL up to what I think I would be happy with for a while. Maybe I'll ask for $3500.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
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Limited value, might close: Arrival

Might add: First Tech, proper business card

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lobbythis
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Postby lobbythis » Tue Apr 07, 2015 11:13 pm

Ha, whoops. I meant Best Buy! Too many d*mn B's.

No auto-CLI's, HP every time a CLI is requested and low limits...at least for me.

popamode72
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Postby popamode72 » Wed Apr 08, 2015 6:00 am

CarefulBuilder14 wrote:Well, I'm not thrilled, but I'm not too disappointed, either. The rewards are nice, but there was at least one transaction where the transaction amount changed after I made a purchase. I think I saved another $3 as a result, but it's not the sign of a well-oiled machine. Maybe it was BB's fault.

Possible good news is that I might be able to link the card to Credit Karma and other websites.

If I can't have the card's CL grow automatically with time, maybe I should call tomorrow and see if I can (via SP only) get the CL up to what I think I would be happy with for a while. Maybe I'll ask for $3500.


The best part about Synchrony is that there are two other ways you can request a CLI. You can either do their chat on weekdays or call up Credit Solutions and request a specific amount. You can ask for something high like $10k and they'll counter with the highest limit possible so that there's nothing left on the table at that time. I don't know how they are with the BB card but it should work similarly to their other ones. SP too.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Apr 08, 2015 2:45 pm

popamode72 wrote:The best part about Synchrony is that there are two other ways you can request a CLI. You can either do their chat on weekdays or call up Credit Solutions and request a specific amount. You can ask for something high like $10k and they'll counter with the highest limit possible so that there's nothing left on the table at that time. I don't know how they are with the BB card but it should work similarly to their other ones. SP too.


I have hard others talk about Synchrony's live chat feature and a Credit Solutions phone line. I don't see any mention of either of those on the Brooks Bros card website.

(Edit: Is it one central number for all Synchrony cards, or does each product have its own Credit Solutions number?)

Are these things carefully hidden / credit secrets? Or maybe they just don't apply to all of Synchrony's cards?
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

dragon452
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Postby dragon452 » Thu Apr 09, 2015 2:24 pm

Synchrony Bank also issues the "CareCredit" credit cards used for different kinds of Healthcare & Healthcare supplies. They bought the CareCredit business from GE Capital Bank a year ago, so I don't think they'll be selling off that card business.

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Postby CarefulBuilder14 » Sun Apr 12, 2015 5:59 pm

dragon452 wrote:Synchrony Bank also issues the "CareCredit" credit cards used for different kinds of Healthcare & Healthcare supplies. They bought the CareCredit business from GE Capital Bank a year ago, so I don't think they'll be selling off that card business.


It wasn't a sale. It was a corporate spinoff from GE and a name change.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

JonE
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Postby JonE » Mon Apr 13, 2015 9:39 am

http://www.cincinnati.com/story/money/2015/04/13/ge-may-divide-finance-arm-sale/25704549/

This gives the indication that they'll be selling all of it in the not too distant future. PNC and Citi plus a 'large foreign' bank (Barclays?) would be interested in purchasing what's left.
Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
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