Synchrony Financial Credit card department,
I have a credit card called Care credit. It is a credit card that has no interest if you pay off your promotional balance within a said amount of time. I would only assume that all my payments would go to pay off the oldest balance. However I found this not to be a true statement when I was charged an absorbance amount for interest. I called to see what they balance had not been paid down and or off and they stated that I must call in each month and allocate where I want my payments to be placed. Ive never heard of such a practice. I called and demanded that they credit the payments I 've made since -/-/2015 to the latest running balance and was told they could only allocate for the last 6 months there for im being charged - in interest.
Synchrony Financial customer in Florida
Dec 08, 2016
* Source: CFPB Complaint Database
Synchrony Financial response to complaint:
Closed with explanation
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