SYNCHRONY FINANCIAL


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"Products" offered by SYNCHRONY FINANCIAL with at least one, but usually more complaints:

Bank account or service - (CD) Certificate of deposit
Bank account or service - Cashing a check without an account
Bank account or service - Checking account
Bank account or service - Other bank product/service
Bank account or service - Savings account
Checking or savings account -
Checking or savings account - CD (Certificate of Deposit)
Checking or savings account - Checking account
Checking or savings account - Other banking product or service
Checking or savings account - Savings account
Consumer Loan - Installment loan
Consumer Loan - Personal line of credit
Consumer Loan - Title loan
Consumer Loan - Vehicle lease
Consumer Loan - Vehicle loan
Credit card -
Credit card - General-purpose credit card or charge card
Credit card - Store credit card
Credit card or prepaid card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose prepaid card
Credit card or prepaid card - Gift card
Credit card or prepaid card - Government benefit card
Credit card or prepaid card - Store credit card
Credit reporting -
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting or other personal consumer reports - Other personal consumer report
Credit reporting, credit repair services, or other personal consumer reports - Credit repair services
Credit reporting, credit repair services, or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Auto
Debt collection - Auto debt
Debt collection - Credit card
Debt collection - Credit card debt
Debt collection - Federal student loan debt
Debt collection - I do not know
Debt collection - Medical
Debt collection - Medical debt
Debt collection - Mortgage
Debt collection - Non-federal student loan
Debt collection - Other (i.e. phone, health club, etc.)
Debt collection - Other debt
Debt collection - Payday loan
Debt collection - Payday loan debt
Debt collection - Private student loan debt
Debt collection - Telecommunications debt
Debt or credit management - Credit repair services
Debt or credit management - Debt settlement
Money transfer, virtual currency, or money service - Check cashing service
Money transfer, virtual currency, or money service - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Money transfer, virtual currency, or money service - Foreign currency exchange
Money transfer, virtual currency, or money service - International money transfer
Money transfer, virtual currency, or money service - Mobile or digital wallet
Money transfer, virtual currency, or money service - Money order
Money transfer, virtual currency, or money service - Money order, traveler's check or cashier's
Money transfer, virtual currency, or money service - Refund anticipation check
Money transfer, virtual currency, or money service - Traveler's check or cashier's check
Money transfer, virtual currency, or money service - Virtual currency
Money transfers - Domestic (US) money transfer
Money transfers - International money transfer
Mortgage - Conventional adjustable mortgage (ARM)
Mortgage - Conventional fixed mortgage
Mortgage - Conventional home mortgage
Mortgage - FHA mortgage
Mortgage - Home equity loan or line of credit
Mortgage - Home equity loan or line of credit (HELOC)
Mortgage - Other mortgage
Mortgage - Other type of mortgage
Mortgage - Reverse mortgage
Mortgage - VA mortgage
Other financial service - Credit repair
Other financial service - Debt settlement
Payday loan -
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Payday loan
Payday loan, title loan, or personal loan - Personal line of credit
Payday loan, title loan, or personal loan - Title loan
Payday loan, title loan, personal loan, or advance loan - Installment loan
Payday loan, title loan, personal loan, or advance loan - Payday loan
Payday loan, title loan, personal loan, or advance loan - Personal line of credit
Payday loan, title loan, personal loan, or advance loan - Title loan
Prepaid card - General purpose card
Prepaid card - General-purpose prepaid card
Prepaid card - Gift or merchant card
Prepaid card - Mobile wallet
Prepaid card - Other special purpose card
Prepaid card - Transit card
Student loan - Federal student loan servicing
Student loan - Non-federal student loan
Vehicle loan or lease - Lease
Vehicle loan or lease - Loan

Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.
Complaint ID: 7325260

Date Received: 2023-07-31

Issue: Advertising and marketing, including promotional offers

Subissue: Confusing or misleading advertising about the credit card

Consumer Complaint: XX/XX/2023 - I went into XXXX and when I was at the front desk purchasing the clothes the front desk representative asked if I wanted a card that would save me 20 %. I thought it was a discount card that most places tend to offer thee days. So I applied and she said " you did not qualify '' I asked if it was a credit card that I was applying for and she said " Yes ''. She didn't inform me that I was applying for a credit card.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: CA

Zip: 95603

Submitted Via: Web

Date Sent: 2023-08-14

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7324850

Date Received: 2023-07-31

Issue: Advertising and marketing, including promotional offers

Subissue: Didn't receive advertised or promotional terms

Consumer Complaint: Background information : CareCredit offered me a promotion of no interest incurred if payed in full within a specific time which would have ended XX/XX/2023. Months prior to that, I signed up for CareCredit to automatically withdraw XXXX on every XXXX of the month. When I looked at my statement I saw that I would have to pay an additional XXXX for the month of XX/XX/XXXX in order to complete the promotional period of no interest successfully. So I paid XXXX on the XXXX of XXXX and the automatic XXXX withdrawal that takes place on the XXXX of every month would have paid off my promotion and I would not have incurred any interest. CareCredit and their underhanded devious tricks only debit an automatic payment on the XXXX of XXXX for XXXX to equal a XXXX and therefore prevented me from successfully fulfilling my promotional obligation and thereby they assessed my account for XXXX interest on XX/XX/XXXX. The fact that they are accessing my account for amounts I did not approve is another offense itself. Using my account for unauthorized payments is against the law. We all know when automatic payments are set up and payments made in addition to that has absolutely nothing to do with deducting from automatic payments. It was dirty and underhanded. I want them punished and I believe we should receive a monetary punishment from them.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: MD

Zip: 20748

Submitted Via: Web

Date Sent: 2023-07-31

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7324234

Date Received: 2023-07-30

Issue: Closing your account

Subissue: Company closed your account

Consumer Complaint: I have 6 synchrony accounts never paid late- never missed a payment- never got a check bounced, been using all my cards and paying them down. 3 days ago they closed all my cards and said it was a Risk of me paying. How did they get the assumption if I never paid late. I am currently working. I pay all my bills on time- mortgage never late- car note never late- I was truly embarrassed when I went to use my card at Lowes and they said my account was closed. This is not how to do business nor how they should conduct business, they could have frozen my accounts for a short time not to use them if that was the case.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: NJ

Zip: 08865

Submitted Via: Web

Date Sent: 2023-07-30

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7324120

Date Received: 2023-07-30

Issue: Charged fees or interest you didn't expect

Subissue:

Consumer Complaint: I have been making my payments on time and also paying extra money towards my bill. But seems like I'm not getting anywhere with the bill. It's like the bill is steading going up and not down. If anyone is considering CareCredit, I would tell them to really think about it because you will be paying them forever.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: VA

Zip: 230XX

Submitted Via: Web

Date Sent: 2023-08-09

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7323833

Date Received: 2023-07-29

Issue: Getting a credit card

Subissue: Application denied

Consumer Complaint: I am XXXX XXXX XXXX XXXX man and total negligence in giving out a credit card. They refused to give explanation why credit card was denied, after calling and writing several times. Its is probably a case of Racism and white supremacy. I asked to reapply, and provide drivers license with physical address. However, XXXX XXXX is a XXXX that refuses to reapply.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: CA

Zip: XXXXX

Submitted Via: Web

Date Sent: 2023-07-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7323705

Date Received: 2023-07-29

Issue: Closing your account

Subissue: Company closed your account

Consumer Complaint: If there is EVER a class action lawsuit against Sychrony Bank, I will be first in line! Today I received notice that they closed an account of mine, which is now the FOURTH TIME, theyve done this which affects my credit score! This time it was my Care Credit card. The last three were XXXX XXXX, Sams Club and XXXX. They always put this in the letters : Too Many Revolving Accounts With High Balance Compared To Credit Limit Lack Of Real Estate Secured Loan Information Too Many Bankcards With High Balance Compared To Credit Limit Delinquent Or Derogatory Accounts The problem I have with this is that I DO NOT have delinquent or derogatory accounts, and NONE of this was a problem when I opened the cards! Our home is in my husbands name and the cards that they closed ALL HAD XXXX BALANCES when they closed them! Our bankruptcy was in XXXX and every single card I opened was AFTER that so what has changed? I do not have negative payment history because I have been crazy vigilant about my payments and credit. Yet when they close these accounts, it does affect my debt to income ratio and the way credit scores are calculated, this is harmful. So even though I dont owe anything on these cards, its different if theyre closed vs just dormant! There has GOT to be something that can be done about the way they do business.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: MI

Zip: 48111

Submitted Via: Web

Date Sent: 2023-07-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7323691

Date Received: 2023-07-29

Issue: Advertising and marketing, including promotional offers

Subissue: Confusing or misleading advertising about the credit card

Consumer Complaint: " Interest free '' credit offerings by Synchrony Bank are available through numerous merchants. While there is a disclosure regarding terms offered during the application process, those documents are not available within my on-line account ( or, if there, are not easily accessible ). I logged on to review my account upon being notified of my first payment and its due date. The full balance is clearly displayed as is my " minimum payment '' amount. What is not displayed is the expiration date of the interest free term. Also, the minimum payment is lower than that required to retire the balance at the end of that interest free term. In my case ( using approximate values ) I have a balance of {$15000.00} with an 18 month interest free term. My minimum payment is {$500.00}. If I pay the minimum payment every month I will have drawn my balance due down to {$6000.00} by the end of the term ( {$500.00} x XXXX = {$9000.00}. {$15000.00} - {$9000.00} = {$6000.00} ). At that point, I will begin accruing interest at 30 % per month on the {$6000.00}. The deception is in the opaque nature of the obligatory balance that will remain if only the required minimum payments are submitted. The site should clearly show the impact of doing that as described above, and also show the monthly payment required in order to pay the balance off at the end of the interest free term. Note that the company reported profits of {>= $1,000,000} for the second quarter of 2023 of which {>= $1,000,000} was returned to investors.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: MT

Zip: 59102

Submitted Via: Web

Date Sent: 2023-07-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7323658

Date Received: 2023-07-29

Issue: Problem when making payments

Subissue: You never received your bill or did not know a payment was due

Consumer Complaint: I have three credit cards ( XXXX 's, XXXX, XXXX XXXXt ) which are all issued through SYNCHRONY BANK. When I receive a bill from these companies, the payment is made to SYNCHRONY BANK. I have had these accounts for several years, and have always paid on time ( we HAD excellent credit ). I have been receiving paper bills in the mail, I do not pay electronically. In XX/XX/2023, I received all three bills in the mail, and paid the balance, or the amounts due. I did not receive a bill in XXXX, XXXX, or XXXX on any of these three accounts. In late XXXX I received emails stating that all three accounts had been closed for non-payment, with months of interest and penalties added. I called to resolve the issue with each SYNCHRONY account, and was told that I must have asked for electronic billing. I did not ever request electronic billing, and there was no billing sent to me ( I checked spam and trash ). I asked for paper copies of each bill, for each month, from each card. When I received the copies, I noticed my XXXX, XXXX and XXXX statements had been sent to an address in OKLAHOMA! ( I never lived in OKLAHOMA and live on the west coast! ) I filed a complaint on each account and they denied it. SYCHRONY BANK will not admit that THEY screwed up. I am trying to repair my XXXX XXXX - and cancelled all accounts with SYNCHRONY BANK! They will LIE to your FACE!

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: CA

Zip: 92563

Submitted Via: Web

Date Sent: 2023-07-29

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7323587

Date Received: 2023-07-29

Issue: Other features, terms, or problems

Subissue: Other problem

Consumer Complaint: Lowes credit card issued by Synchrony Bank has added a phone number which can be used to verify my account that I never added. They said to call XXXX at XXXX but they shouldn't be allowed legally to add anything no matter who reports any information especially as a verification method without my consent. I believe this to be wrong and should be addressed.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: MA

Zip: 01610

Submitted Via: Web

Date Sent: 2023-08-09

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7322723

Date Received: 2023-07-30

Issue: Problem when making payments

Subissue: Problem during payment process

Consumer Complaint: I have an account with Synchrony Bank. I have three store cards that process through Synchrony. There is also a Synchrony app, where you are supposed to be able to make payments. I only have a balance due on a Care Credit card. To use the app, you have to enter your Synchrony account number. This is a problem, since I NEVER RECEIVED A SYNCHRONY card. I don't know if it was lost in the mail, mis-delivered, or something else. Any email corresponcence they send, has only the last 4 digits of the account number. Trying to get past their XXXX digital assistant is nearly impossible. This means the only way I can make a monthly payment, is to get on with somebody, via chat. It takes forever to accomplish this. All I need is for them to send me a duplicate Sychrony card, and I think I'm good. But, YOU CAN NOT get to a human when calling their number. Look at theri XXXX account and you can see, I am one of hundreds with similar issues.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: CO

Zip: XXXXX

Submitted Via: Web

Date Sent: 2023-07-30

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.