Reply
Frequent Contributor
gangof4
Posts: 309
Registered: ‎07-19-2010
0

GEMB

I've had GEMB as the creditor for my Sears, Lowes, PayPal, and a few other credit card accounts.  I wonder if when you apply for a trade line (such as Macys or Bloomingdales or Home Depot) you aren't routed to GEMB based on your credit profile, and whether there may be better (i.e., lower interest rate) credit lines for "preferred" customers from other than GEMB as far as the credit card is concerned? For example Havertys has their own credit financing but they use CitiFinancial for folks with lower scores.  Does anyone have any insight on this?

Frequent Contributor
rbh
Posts: 356
Registered: ‎06-25-2009
0

Re: GEMB

Are you sure that Haverty's has their own financing? I think the only financing they offer is through Citi.  It would be odd for a company as large as Haverty's to not to use an outside company for financing...

AMEX Blue Cash - $15k, Lowes/GECRB - $10K, PNC - $10K, CIti Diamond Preferred - $10K, Home Depot/Citi - $7590, Best Buy Store/HSBC - $7400, Citi Platinum Select - $7150, Best Buy RZMC/HSBC - $5750, Dillards/GECRB - $4350, Discover More - $3600, Cap 1 Cash Rewards - $3000, Amex HHonors - $2000, State Farm - $2000, Cap 1 MTV - $1500
Epic Contributor
Creditaddict
Posts: 22,048
Registered: ‎10-23-2007
0

Re: GEMB

 


gangof4 wrote:

I've had GEMB as the creditor for my Sears, Lowes, PayPal, and a few other credit card accounts.  I wonder if when you apply for a trade line (such as Macys or Bloomingdales or Home Depot) you aren't routed to GEMB based on your credit profile, and whether there may be better (i.e., lower interest rate) credit lines for "preferred" customers from other than GEMB as far as the credit card is concerned? For example Havertys has their own credit financing but they use CitiFinancial for folks with lower scores.  Does anyone have any insight on this?

 

Sears is citi, the sears mastercard is either citi or HSBC.

Macys is department store national which is citi, same for bloomingdales

home depot is also citi.

 

I only know of a couple places that have back up financing for lesser credit, (Sears, Temper Pedic, Capital One Auto use to have RoadLoans, I'm sure a couple more.

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:

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+
}