Initial limit of $500. After no lates, low util., and perseverance, I am now at $8,500. I've noticed they give much larger CLI after you've been with them a year or so. I rarely use this card and barely like Lowe's. You get a 5% discount on everything! Whenever I have a home to remodel, I am sure this card will be taken advantage of; they are always offering some time of 0% for 6 mos or so. :-). Push the love button every three months or so. I do it a lot as they are only soft inquiries, which do not reflect poorly as they are an existing creditor on your CR.
Most Helpful Positive Review
Most Helpful Negative Review
First off I cannot faught lowes as a store for any issues with this card as Synchrony is the card issue. I would love it if Lowes as a company were to dump them and move to a more replutatle company such as Citi. My expereince with the card has been good for the most part but there are a few catches. Here is the bad, DO NOT stack promotional purchaes and regular purchases together, they will not apply the payment to the promortional purchase, as others have cited, when you pay your bill so you are slaped with compounded retoractive intrest from that point on until all of the promotional purchase is paid off. Now the ugly, the website is garbage for a normal PC user, the mobile version is suprsining better. Synchrony doesn't always raise credit rates on a regular. This is actully one of my lowest credit lines started at 600 and then bumped to 1300 three years ago. I use this card on the regular and pay it in full. I often times pay it well before the due date and they have not bumped up the credit limit on the card. I've contacted them about this via the online chat portal and they give the ususal run around of various factors on your credit report that they supposidily check. I looked into this and they haven't done a soft query on my credit report in years LOL! I'm sporting a 799 credit sore and I've expressed to them. The only two options that I have is to either wait it our or request an increase online or via their customer service. Be warned if you request the increase online or via the customer service department you are now authorizing them to do a hard query on your credit report! I told them to bugger off on that idea as I don't want be staring at that on my credit report for the next two years. I'm planing a major kitchen remodle and home depot has my business until Synchrony gets off it's own butt.
The Ugly... I've had a long history with Synchrony, please note they used to be called GE Money Bank and they ruined their repurtation to the point that they had to change names! This creditor is absolutly the worst of the worst. The day you get your statement pay your bill, never wait on this one. I've had them take up to 7 business days from the moment I issued the payment for them to take it and process it. other times it takes anywhere from 24-48 hours I gennerally recomend that if you can do not carry any balance on this card, if you are working with a promotional purchase don't use the card for any other purchase until you pay it off or use it for a secondary promotional purchase.
Pros: 5% off purchase, using the card makes returns easier if you lost the reciept, and promotional pruchases which can be a catch 22.
Cons: Synchrony AKA worst creditor out there, bad at rasiing credit limits, customer service is a bit of a joke, Synchrony doesn't work well with finincal software such as quicken or Mint or MS Money.
Overall: The card has some perks but you have to use it very, very wisley. Failure to do so will lead to nothing but headaches!
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