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@09Lexie wrote:
@Ron1 wrote:
@09Lexie wrote:Wondeit if that's the end of the cash over purchase feature.
It is Discover card's benefits.
Ron.
That's what I was thinking. I know they add a new TL with the upgrades but changing their issuer should keep the opening dates.
But switching networks could be a game changer. It's not like changing from GECRB to Citi as an example. I can't see any other way but a new TL changing from Discover to Mastercard.
Not only Sams Club will switch. Walmart will choose Mastercard.
http://www.businessw...e-branded-cards
Ron.
@coldnmn wrote:But switching networks could be a game changer. It's not like changing from GECRB to Citi as an example. I can't see any other way but a new TL changing from Discover to Mastercard.
Why would you think this? People who had a Macy's Visa kept the same history when the program was switched to American Express. I've converted two Chase cards from Visa to Mastercard and the information stayed the same on the credit report. I know these are different issuers, but changing a payment network shouldn't require a new tradeline to be reported.
@navigatethis12 wrote:
@coldnmn wrote:But switching networks could be a game changer. It's not like changing from GECRB to Citi as an example. I can't see any other way but a new TL changing from Discover to Mastercard.
Why would you think this? People who had a Macy's Visa kept the same history when the program was switched to American Express. I've converted two Chase cards from Visa to Mastercard and the information stayed the same on the credit report. I know these are different issuers, but changing a payment network shouldn't require a new tradeline to be reported.
I hope your right. But I would have thought upgrading shouldn't have been a new TL but it was.
@09Lexie wrote:Wonder if that's the end of the cash over purchase feature.
I hope not. That would effectively render the card useless to me.
I was hoping for a Discover upgrade on my Wally, since it's the one major US card network I don't have. Guess I'll have to go for an actual Discover
@KennyS2006 wrote:
I tell ya This makes me want to close this card.
That's the first thing I thought of to. After thinking about it and reading the posts I don't think they would close and open new TLs. They would have a riot on their hands from people wanting to buy homes and autos and trying to raise credit scores to do it. It will be a shame to lose the cash over at check out but we can't do anything about that as that's a Discover thing.
@Anonymous wrote:
My experiences with changes of vendors and/or networks is they keep all existing credit history and replace the card provider/network in the bureau. Similar to American Express backdating and giving your credit reporting the benefit of the older date. As always, there are exceptions.
This is true, much like when Cap One bought the HSBC accounts. I kept my history on my Household Bank card when it moved to Cap One. I kept the same account number, but they advised that some would have to change numbers during the transition.
Is it a guarantee that we'll lose the cash over at checkout, considering that even the non-Discover Walmart card allowed it? It could possibly continue to be an in-house perk, no?