Question

True or False: Synchrony will always provide your customer with a credit limit increase if they did not immediately receive approval for the full amount necessary for their purchase.

Answer 1

False. Synchrony does not guarantee a credit limit increase if immediate approval for the full purchase amount is not granted; it depends on various factors, including the individual's creditworthiness.

Step-by-step explanation:

While Synchrony, like many credit providers, may reassess credit limits, there is no blanket assurance that every customer will receive an increase if the initial request is not approved. Credit decisions are influenced by factors such as credit history, income, and debt-to-income ratio. Synchrony, like any responsible credit issuer, evaluates each request independently. It's important for customers to understand that credit decisions are based on various financial considerations, and approval or limit increases are not guaranteed in every circumstance.