Reply
Valued Member
rbtextreme
Posts: 49
Registered: ‎10-27-2011
0

American signature now backed by GE

Received an email that commenity bank is no longer the creditor for the American signature card and that my card will be invalid after 3/31/13... I have a $3800 CL with them and don't want to lose the account since it helps my utl. They now want me to apply for the GE card but I don't want another HP on my credit.

What's everyone else going to do??

BTW- I'm on my iPhone.
Moderator
09Lexie
Posts: 26,027
Registered: ‎09-13-2012
0

Re: American signature now backed by GE

Valued Member
rbtextreme
Posts: 49
Registered: ‎10-27-2011
0

Re: American signature now backed by GE

Nope....
Super Contributor
Ron1
Posts: 5,208
Registered: ‎05-23-2009
0

Re: American signature now backed by GE

Sorry to hear. :smileysad: There is nothing you can do. They're going to close it.  GE is pretty easy to get approved.

 

 

Ron.

Valued Member
rbtextreme
Posts: 49
Registered: ‎10-27-2011
0

Re: American signature now backed by GE

Just closed on my house, new car, few new cards, etc. Lets just say I'm in the garden :smileyhappy:
Frequent Contributor
Sweets8E
Posts: 262
Registered: ‎03-07-2009
0

Re: American signature now backed by GE

I think GE is a great lender and they are great with CLI's, but I'm not going to reapply for this particular card with them. I think it sucks that they couldn't ink the deal and transfer the accounts, then issue new cards. It's unfortunate to the customers because Comenity didn't give any real notice to give people an opportunity to close out their accounts or get rid of remaining balances prior to closing everything next week. I for one, took advantage of a 3 year 0% financing deal and now they're shutting down accounts. 

 

I just transferred my balance to an NFCU card and thanked my lucky stars that GE just recently upgraded my American Eagle card to the Visa version and gave me nearly a $2k CLI to go with it. Not to mention Zales just upped my limit from $3100 to $5500. At this point, I've made up for the lost credit limit with American Signature, and that's one less card. 


Starting Score: 686 TU / 683 EQ 01/17/2013
Current Score: 703 TU / 691 EQ 10/04/2013 / 688 EX 11/12/2013
Goal Score: 700 across all three


Take the FICO Fitness Challenge
Valued Contributor
indiolatino61
Posts: 1,480
Registered: ‎11-10-2012
0

Re: American signature now backed by GE

That's a shame that they won't transfer your account. Apping for me would depend on my inquiries and how my AAoA would be adversely affected by the new account.

 photo Logo-CreditCardCollection-DataInclusive_zps2390ab7f.jpg
New Member
steadyd
Posts: 2
Registered: ‎05-11-2013
0

Re: American signature now backed by GE

Anyone know what report GE is now pulling for this? Experian is my best hope, so I'm out if it's something else. Thank you!

Valued Member
aldejesus
Posts: 25
Registered: ‎11-27-2012
0

Re: American signature now backed by GE

All my GE money cards had been HP from TU.

Novel DUAL AMEX & VISA $24.3k | AMEX HHonors Surpass $7.3k | AMEX Blue $6k | Marriott Rewards Visa Sig $5k | Paypal Extras Plat MC $3.3k | Discover it $1.5k | Walmart Store $1.5k | Amazon Store $2.3k | TJX Rewards $1.6k | Sears $6K (AU) | THD $11K (AU) |FICO EQ 623 | TU 648 | EX 649 Goal 800 All 3

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}