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Frequent Contributor
Mekitcat
Posts: 260
Registered: ‎06-23-2011

GE Money Bank changing their name.

Did anyone notice this on their credit card statement?

 

"Effective October 1, 2011, GE Money Bank is changing its name to GE Capital Retail Bank."

 

So instead of GEMB will it be GECRB? 

 

I wonder why, who did they merge or get bought by or did they buy some other bank?


Starting Score:4/5/11 TU 660 fico, EQ 634 fico, EX 647 (Credit Inform)
Current Score:07/04/12 Myfico TU 690 Walmart fico 702, EQ 660 fico 07/05/12, EX fico 689 06/03/2012 (Amex)
Goal Score: 750+


Frequent Contributor
Sweets8E
Posts: 262
Registered: ‎03-07-2009

Re: GE Money Bank changing their name.


Mekitcat wrote:

Did anyone notice this on their credit card statement?

 

"Effective October 1, 2011, GE Money Bank is changing its name to GE Capital Retail Bank."

 

So instead of GEMB will it be GECRB? 

 

I wonder why, who did they merge or get bought by or did they buy some other bank?

This is what I found on their site. It doesn't look like they were purchased by or acquired anyone. They just decided to change their name.
Question: Why is the bank changing its name from GE Money Bank to GE Capital Retail Bank?

"Rebranding is simply part of our strategy to be in full alignment with GE Capital, our parent
division within GE.  We are simply moving away from the GE Money brand in the U.S."

 


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


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Frequent Contributor
stanggt03
Posts: 437
Registered: ‎05-21-2011

Re: GE Money Bank changing their name.

[ Edited ]

"Rebranding is simply part of our strategy to be in full alignment with GE Capital, our parent division within GE.  We are moving away from the GE Money brand in the U.S. Brand simplification."


From their website.

 

2 minutes too late.


Starting Score: 596 EQ 5-22-11 / 554 TU 5-23-11
Current Score: 615 EQ 08-15-11 / 631 TU 09-27-11
Goal Score: 700+


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Frequent Contributor
OnTheRebound
Posts: 425
Registered: ‎08-05-2009

Re: GE Money Bank changing their name.

If I understood it correctly, we will be able to manage all our GE accounts under one user name and password. That will be great.

Mine- Citi Diamond Preferred WMC $12K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / DW's, I'm AU on most- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / Citi Simplicity MC $4.4K / GE Lowes $10K / GE CareCredit $5K

"Four out of five voices in my head told me to "go for it". I went for it."
Regular Contributor
ReVeLaTeD
Posts: 180
Registered: ‎06-14-2008

Re: GE Money Bank changing their name.

Yes, yes it will. 

Credit Cards:
| Cabrillo Credit Union MasterCard @ $3,000 | Chevron Visa @ $2,000 | Amazon Store Card @ $1,800 | HSBC 2% Rewards MasterCard @ $950 (redeemed themselves)
Frequent Contributor
Mekitcat
Posts: 260
Registered: ‎06-23-2011

Re: GE Money Bank changing their name.


OnTheRebound wrote:

If I understood it correctly, we will be able to manage all our GE accounts under one user name and password. That will be great.



Agreed :smileyhappy:


Starting Score:4/5/11 TU 660 fico, EQ 634 fico, EX 647 (Credit Inform)
Current Score:07/04/12 Myfico TU 690 Walmart fico 702, EQ 660 fico 07/05/12, EX fico 689 06/03/2012 (Amex)
Goal Score: 750+


Established Contributor
gbishere
Posts: 736
Registered: ‎07-07-2010

Re: GE Money Bank changing their name.


Mekitcat wrote:

OnTheRebound wrote:

If I understood it correctly, we will be able to manage all our GE accounts under one user name and password. That will be great.



Agreed :smileyhappy:


We should do a community poll to see the average number of ge capital retail cards that users on thsi forum have.

__________________________
01/11/2011: FICO:TU: 746
12/14/2010: FICO:EQ: 744
08/12/2011: FICO:EXP: 766
Frequent Contributor
Mekitcat
Posts: 260
Registered: ‎06-23-2011

Re: GE Money Bank changing their name.


gbishere wrote:

Mekitcat wrote:

OnTheRebound wrote:

If I understood it correctly, we will be able to manage all our GE accounts under one user name and password. That will be great.



Agreed :smileyhappy:


We should do a community poll to see the average number of ge capital retail cards that users on thsi forum have.



I have 2, Walmart and Dillards AMEX


Starting Score:4/5/11 TU 660 fico, EQ 634 fico, EX 647 (Credit Inform)
Current Score:07/04/12 Myfico TU 690 Walmart fico 702, EQ 660 fico 07/05/12, EX fico 689 06/03/2012 (Amex)
Goal Score: 750+


Community Leader
Senior Contributor
laz98
Posts: 4,291
Registered: ‎09-06-2008

Re: GE Money Bank changing their name.

that would be neat.  i don't use my walmart card much, but it would still be nice.  i only have the amazon & walmart cards.  oh, & ultra diamonds.

Latest scores: Walmart TU: 766. MyFICO TU: ---. DCU EQ: 741. PSECU EX: 756.
Regular Contributor
ReVeLaTeD
Posts: 180
Registered: ‎06-14-2008

Re: GE Money Bank changing their name.


gbishere wrote:

Mekitcat wrote:

OnTheRebound wrote:

If I understood it correctly, we will be able to manage all our GE accounts under one user name and password. That will be great.



Agreed :smileyhappy:


We should do a community poll to see the average number of ge capital retail cards that users on thsi forum have.


I only have two right now - Amazon Store Card and Chevron Visa.  But even with two it's still a headache.  It was nightmarish back when I had JC Penney and the Chevron Store Card too.  I'd like to consider getting their two American Express cards in the somewhat later future if they're still around...Universal and I think the other is Dillards, and having a single point account would be helpful.

Credit Cards:
| Cabrillo Credit Union MasterCard @ $3,000 | Chevron Visa @ $2,000 | Amazon Store Card @ $1,800 | HSBC 2% Rewards MasterCard @ $950 (redeemed themselves)

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