I was carrying a balance on my TJX (TJ Maxx) credit card issued by Synchrony Bank. I just found out that if you do not have a $0 balance on the card when making a purchase, then they charge you interest on the new purchase from day ONE. I found this out because I saw the large amount of interest on my statement and called them. The rep told me this info. and I was shocked as credit cards never did this. I asked when this rule went into effect and I think she said October 2024. Who actually reads those small print notices that the credit cards send every so often!?? And the interest was around 33% (prime +26.49%)!!! Holy %&*#@! I don't know if other Synchrony cards do this also. Does anybody know the answer to that? I had charged 2 plane tickets for $800 and expected to have the money to pay it by the time the next statement was due. It ended up costing me high interest!
Just got prequalified for the synchrony bank TJX mastercard waiting for a credit limit of at least 2000$ or 3,000$ but the credit limit it’s a joke and the APR it’s ridiculous
300 credit limit ?? APR 34.99% Jesus !
FICO Score 720
If accept the offer that will be the lowest credit limit card on my credit report profile….