Synchrony Bank Credit card department,
I received my credit card statement today, and noticed that the minimum payment due had increased by 5 %, rather than decrease as anyone would expect ; given that there were no new charges, late fees, or APR increases. I called the company and was told that it was because I had only made the minimum payment due, which is mathematically inconceivable : If the interest does n't change and the balance is reduced, the payment due should be reduced too. I spoke with a supervisor who did understand that something was irregular about the situation, but did n't have any way of correcting it immediately, she said she would bring it up in their next meeting. This does not help me or the - people, rich or poor, that are being subjected to usury credit card formula 's by Synchrony Bank.
Synchrony Bank customer in California
Oct 26, 2015
* Source: CFPB Complaint Database
Synchrony Bank response to complaint:
Closed with explanation
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