What is eBay Mastercard/SYNCB?
eBay Mastercard/SYNCB is a credit report code that represents the eBay Mastercard issued by Synchrony Bank. You may see eBay Mastercard/SYNCB on your credit report as a hard inquiry when you apply for the eBay Extras Mastercard.
Maximizing Rewards with the eBay Extras Mastercard
The eBay Extras Mastercard is a rewards credit card tailored for avid eBay shoppers, offering higher points accumulation for eBay purchases and rewards for non-eBay transactions. With this card, you can earn points on every purchase, redeemable for gift cards, statement credits, or merchandise.
The card is an excellent option for frequent eBay users, as it provides additional benefits such as no annual fee, fraud protection, and easy online account management.
The Difference Between Hard and Soft Inquiries
Hard Inquiries: Impact on Your Credit Score
A hard inquiry occurs when a lender or creditor checks your credit report as part of their decision-making process when you apply for new credit. This can include mortgages, apartment rentals, car loans, credit cards, insurance policies, cell phone contracts, and even some job applications.
Hard inquiries can lower your credit score by a few points. However, if you have multiple hard inquiries within a short time frame, the cumulative effect can cause significant damage to your credit score.
Soft Inquiries: No Impact on Your Credit Score
A soft inquiry usually happens when a company conducts a background check or a credit card issuer or lender prequalifies you for an offer. Existing creditors may also perform a soft inquiry to review your current credit situation. Soft inquiries do not affect your credit score.
How long do hard inquiries stay on your credit report?
Whether you’re approved for the eBay Mastercard or not, the hard inquiry will remain on your credit report for up to 2 years. Every inquiry is recorded by one or more of the three major credit reporting agencies: Equifax, Experian, and TransUnion.
Dealing with Unauthorized Inquiries
If you notice an unfamiliar inquiry on your credit report, or you’re certain that you didn’t authorize the inquiry, contact Synchrony Bank and inquire about the reason for the inquiry. The creditor’s name should be listed under the hard inquiry section on your credit report.
Removing eBay Mastercard/SYNCB from Your Credit Report
Credit Saint is a reputable firm that specializes in removing inquiries and other inaccurate negative marks from your credit report.
The firm can also help you dispute and potentially remove various negative items from your credit report, such as:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Seeking Professional Assistance for Credit Inquiries
If you’re facing challenges with your credit score, seeking professional assistance can be immensely helpful. Credit Saint offers a free credit consultation to individuals who are eager to learn more about improving their credit scores.
With their extensive experience in the field, they have helped numerous clients with similar situations to improve their credit scores. Visit their website and fill out the form to discover how they can help you overcome any obstacles in your path to financial stability.
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