That day finally came, and the BR card is now our daily spender through the end of the year. The problem, though, was that the card had a paltry $1,400 credit limit. Our household has a few Synchrony cards and they all have credit limits within spitting distance of $1,000.
I therefore had no idea what to expect when Mrs. PFD called up to ask for a credit line increase. Will they be generous or stingy? Is the process quick, or is it long and drawn out? There isn’t a ton of info out there outside of people who are in the process of repairing their credit, so I thought I’d pass along our experience in case anybody else was wondering.
And our experience was that it was quick and painless. They essentially asked our income, asked how much of a credit line we wanted, and boom! Done. We asked for six grand and they gave it to us, which left me thinking I should have asked for more. Live and learn.
Some of you may be wondering: hard pull or soft pull? My lazy answer is that I don’t know and don’t care too much. I’ve never tracked my hard/soft pulls that religiously since I don’t go all-out in maximizing credit cards to the degree that some others do. Between my full-time job, my part-time blog, and my family I don’t have as much time and energy to do everything I’d like. For what it’s worth, Doctor of Credit says that Synchrony (formerly known as GE) is usually a soft pull, although that article is a bit old.
Anybody else who has data points to contribute regarding a Synchrony CLI, feel free to chime in below.