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@taxi818 wrote:
Of course they will close those accounts. But you limits moved to a single line. Instead of 5 lines.
Wrong, it's not of course. Nothing is ever that certain. In March they originally indicated accounts would be deleted so this is great news for those of us with old opening dates on the secondary accounts.
@mxp114 wrote:
@taxi818 wrote:
Of course they will close those accounts. But you limits moved to a single line. Instead of 5 lines.Wrong, it's not of course. Nothing is ever that certain. In March they originally indicated accounts would be deleted so this is great news for those of us with old opening dates on the secondary accounts.
Would much rather have deleted than closed to help AAOA. As had no ideal they would show up as separate trade line I never used club so it never showed up. Except online.
Do the additional accounts show up as a separate account or is it a hidden trade line? I ask because I opened a special events or major purchase account in Jan and it does not show on any credit report. Only my store card and the store card limit show.
I was having a lot of confusion about this. I'll be on the lookout for this in the mail. Thanks!
So from what I see, it will all be one TL (with the exception of Amex).
@Anonymous wrote:Do the additional accounts show up as a separate account or is it a hidden trade line? I ask because I opened a special events or major purchase account in Jan and it does not show on any credit report. Only my store card and the store card limit show.
Rep told me via chat that even though my Special Event account wasn't showing on my statement, it was still there and would move over to store CL when change is made.
@mxp114 wrote:Spoke with a supervisor, and she read me the memo outlining the changes:
- After your August statement, your secondary accounts will report with a $0 balance and as closed.
- Your American Express TL will continue to report as a separate account.
- The above are global changes and NO exceptions will be made, per the memo.
The end xD
That's how I interpreted the letter. The secondary accounts will not be rolled into the primary account unless there's a balance.
Major purchase appears online + on all 3 and was an HP Macy's seems not to have a consistent approach to adding these accts.What really happens when the accts 'merge' is anyones guess, csr memos not withstanding.
I received my letter today. Nowhere does it say that they would combine limits. It only states that they are closing accounts and any remaining balances will be transferred to the existing revolving account.