Synchrony Financial Credit Card Complaint

APR or interest rate

Synchrony Financial Credit card department,

APR or interest rate New Jersey

In -/-/- my Lowes Credit Card rate on purchases was 24.99 % APR, in -/-/- it was raised to 26.99 % APR. When I called about the reason for the increase, the explanation I was given that is was a corporate decision and went into effect for all customers and that it is line with all competitors rates. My Home Depot card is not that high, nor is my - card. I have an issue with this rate as it is only 3 % below the Criminal Usury Statute here in NJ. I will attach statement from -/-/- and -/-/-.

Synchrony Financial customer in New Jersey
Mar 06, 2017

* Source: CFPB Complaint Database

Synchrony Financial response to complaint:
Closed with explanation

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