@DaveInAZ wrote:
@Anonymous wrote:
I have had the BP store card with Chase for almost 3 years. When they switch over to Synchrony will it backdate to my original open date or show as a new account? I don't want any brand new credit cards showing up in my credit report. I've never had an account switch companies entirely. Thanks!
There's another thread on the Chase BP card changing to Synchrony and the OP called Chase to see if they could switch to another Chase card but since he had opted out of pre-screening they couldn't offer them anything. Since others have expressed doubts if your opening date will be preserved you might consider calling Chase and see if they would PC (product change, convert to another CC they offer) and preserve the original opening date on the new card. I checked their website and besides Visa & MC the only co-branded cards they offer are travel rewards (hotel & airline) and Amazon. Maybe one will appeal to you? I've never seen the point of having a CC that only works for buying gas, but that's just me.
Usually when an issuer acquires accounts from another issuer, the bank name changes, but the previous account opening date will remain. One example I can offer is when the Home Depot account transferred over from GEMB/GECRB to Citi, the name changed and that was it. Or, Citi will list a new account while CapOne/HSBC list the other account as transferred to another lender.
While Synchrony often will show Visa/MC upgrades as a new account with a new date, if Syncrhony follows the expection, you will see a Synchrony listing but with the previous account opening date.
I considered PC'ing to another card, but since many cards offer sign-up bonuses, I figured I'd just let the BP card go to Synchrony and see what happens. I did, however, transfer all but $5k of the BP Visa's CL to another Chase card since Synchrony will usually grant CLs pretty easily.
If they don't drastically improve the rewards structure, I don't have much use for the BP card. I miss the days when the card offered 5% rewards.
I was going to garden... Honest!
For instance, when my Meijer MC went from SYNCB to Comenity, the opening date and history were preserved. The separate tradeline (under Comenity shows "Closed" but with the original opening date with SYNCB) - granted I had closed the card way before the change (wasn't using as much as in the past and rewards had become lackluster). So, hopefully that may be the case for everyone who migrates from Chase to the SYNCB porfolio.