02-03-2013 06:40 PM
There has been some talk recently about Comenity Credit Cards, which used to be WFNNB, so I made a bit of a list, maybe we can update it with any missing ones or ones which have been dropped. I was amazed at the number of them!
Bealls of Florida
Bealls Outlet (Same company, different card. You can use the Bealls of Floridia at the Bealls outlet, but not vice versa. That was Bealls doing not them.)
Marathon Gas Visa
NY and Co.
Sportsman's Guide Visa
My Points Visa
One Stop Plus
Crate & Barrell
Christopher and Banks
OPT/Arizona Mail Order
Orchard Supply Hardware
Smile Generation Financial
The Room Place
02-03-2013 07:06 PM - edited 02-03-2013 07:12 PM
NICE First of all and Thank You.
Now which ones have option for Visa? EDIT.... sorry not sure why I didn't see you listed Visa on them already... sorry again!.
02-03-2013 10:13 PM - edited 02-03-2013 10:14 PM
WOW thats an impressive list of stores they back. What are the typical scores and CRA they pull? Are they generous like GE in CLI's?
I think they pull Experian. They didn't do a hard pull for my Visa. They are small but steady. My Marathon card started as a $150 limit and is just over a year has reached $900. I tried yesterday for another CLI, but no go. Oddly, Walmart went to $1700 from a $1000 and I think I have had the account 7months. So GE seems to be a little more generous if you maintain your account well with them. Heck I have a Belks with GE I have never used and they increased my limit from $300 to $800 when I asked at the third month.
Oh, and yeah that is a pretty big list and I do suspect that I missed a few.
02-03-2013 10:45 PM - edited 02-03-2013 10:54 PM
Thanks for the info and I do hope they will follow in GE's footsteps because GE is coming really popular and known
Oh yes they are! I am not sure if it is the best business sense or not!?! It seems like they might be opening themselves up to losses, but I am sure they must have some risk management model going on. Maybe they are giving higher limits to those who have truly proven themselves and less to the more riskier people. I mean I could go hog wild with all the credit I have! (I am not going to, but just saying!) I just wish GE were better about interest rates. They are definitely geared to the people at the lower end and to those who don't carry balances. I imagine this is part of their risk model! I wouldn't mind doing a study on it one day if I have free time.
I think Comenity is nice for the fact that they don't really do hard pulls often, even for some new accounts. Once they have you as a customer it becomes less of a need for a hard pull as a soft pull can pretty much give the same information coupled with how you have handled your other accounts with them.
I remember in the 90's many gas stations were doing promotions that if you had another gas card or credit card you could get an account with them. While you weren't always approved there were many that went by the fact that if you already had a card, then you must be OK. This was obviuosly more riskier than what Comenity is doing. I think Comenity uses another service which better analyzes you credit. I keep seeing the companies name on my credit report for soft pulls on occassion but I have not ever actually thought about who was doing it, maybe it is Comenity or GE. Actually it is two; Credco and True Credit; both of which say afterward My Credit Health.
02-03-2013 11:18 PM
I agree with you on the interest rate, but its norm for store cards to have really high interst rates. I like the financing options for Amazon which is the only GE card I have
02-04-2013 12:30 PM
They don't tend to be quite like GE with CLI starting at 2-4 months and then now with direct contact for manual review you most likely will not see a West Elm Card go from $1500 to $8,000. The one thing is they have max limits for different stores and I'm not sure if you could get a rep that knows and that could tell you based on the card you have but I know as of about 2 years ago, Express ceiling was $2,760.00
However I have seen $4k+ on Poterry Barn, West Elm, Z Gallerie.
They also seem really slow on the first CLI which people gets fustrated or think it's a waste especially starting at under $200 but then they seem to be VERY good with auto CLI at least on Express, I saw mine go from $150 to $1600 over about a 2 year period and never requested any and also stayed right around the limit during the entire time... I mean that doesn't mean I was paying $25 minimum and they gave me $500 CLI, it was I shopped a lot and made bigger payments but never paid off and always ended month right around or just over limit.
02-04-2013 01:28 PM
I would agree - they're pretty easy to deal with and they gave me a lane bryant card when no one else would touch me. My score was at about 575 back then and it has increased from a $250 limit to $800 in a little over a year. Not that fantastic but when you're untouchable, it's huge. I have their NY & CO, Bealls, Ashley Stewart and LB. All have seen some sort of increase over the past year. I just applied for their HSN Mastercard and got the 7-10 day message. Tried to recon but I can't find a good # to get to the backdoor. I'm hoping they just need to do a little more digging because I keep all of their cards (and my others) in great standing so I'm thinking it shouldn't be an issue. We'll see.......
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