Absolutely horrible experience with Synchrony Bank. I have never had a late payment, never missed a payment, and always kept my balances extremely low. Every one of my accounts had a $10,000 credit limit, and I never carried more than $900 on any of them. I managed my credit responsibly and did everything right.
Out of nowhere, with zero warning or prior communication, they closed all of my accounts. No notice. No explanation beforehand. Just shut them down. For a customer with a perfect payment history and low utilization, this makes absolutely no sense.
This kind of sudden action can negatively impact someone’s credit score and financial stability, especially when they’ve done nothing wrong. Very disappointing and extremely frustrating experience. I would not recommend trusting Synchrony Bank with your credit accounts
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Synchrony Bank is an award-winning online bank offering a variety of products including high yield savings accounts, certificates of deposit and money markets.