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Established Contributor
Posts: 630
Registered: ‎02-17-2011
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GE Upgrade Question

How long does it take for GE to close your gap store and merge with Gap Visa?  I have had the VISA for a week and the statement just cut on both cards.  So now I have to pay the store card and the VISA card.  Both accounts are still open with and active credit line. 

Amex Delta Gold $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart MasterCard $5,300.00; Sam's Club Mastercard $8500.00; Barclay's Rewards MC $3700; CITIBank Dividend Platinum $300.00 CL; AMEX PRG NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays AA Red Aviator MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL; Chase Freedom Visa $3,500; Venture $15,000; Venture One $10,000.

Valued Contributor
Posts: 1,128
Registered: ‎10-15-2011
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Re: GE Upgrade Question


texasman07 wrote:

How long does it take for GE to close your gap store and merge with Gap Visa?  I have had the VISA for a week and the statement just cut on both cards.  So now I have to pay the store card and the VISA card.  Both accounts are still open with and active credit line. 


I don't have this card, but if they don't close it don't worry.  With the two accounts it will make your score better over time.  If they do combine it that will retain the AAoA, hopefully if they report it properly, and that will help your score stay what it is.  The Visa card has a bigger impact on your score than a department store card.  The two accounts separate will lower your utilization which is also good.

 



Rethink every purchase you make, before you make it. Use the card with the best rewards. Pay in full each month. Redeem rewards often. Use the cards online shopping for more discounts. Smile, knowing that being thrifty allows you to actually get more out of the same amount of money!
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