What will happen to the toys r us mastercard?

[accjohn1990]

I have read that typically when a store goes out of business their credit cards are closed.  Will this be the case for the toys r us mastercard?

[Adkins]

Yes. 

[Meanmchine]

Yes

However ....

If ToysRUs somehow finds a buyer, then the new owner could keep the card alive. See threads on HHGregg

[fltireguy]

They had no buyer. They were liquidated, however synchrony converted the cards to a generic home card, I guess they had enough of a card base to be able to do that.

[Anonymous]

I actually got a flyer in the mail today from Synchrony, that said "secial offer just for you". So i thought thi had to do with my Toys R Us card, but it wasn't lol

[ElizaBen]

I literally just got an email from them saying that the Mastercard will still be able to be used any location where MasterCard is accepted.  Here is a copy of the section of the email:

You are welcome to continue to use your card at Toys“R”Us and Babies“R”Us stores and wherever Mastercard® is accepted if you have an “R”Us Mastercard.* However, the following benefits have been discontinued:

• 10% Off Thursdays • Earning reward points and redeeming “R”Us Reward Dollars on purchases • Special Financing offers on future purchases • All coupons (regardless of expiration date)

[gabeerwin]

My wife has the store card and just got a letter from sync letter her know they raised her limit.

I expect the conversation/ closure letter to follow closely behind it.

[Anonymous]

I received an email today about the card, essentially telling me what I akready knew. lol

So I'm guessig this was just a formality. It also stated that further communications regarding the future of the card would continue as they know more. 

They did say that I could still use it though. As if

[Anonymous]

As reported in this thread ... Target Stores and others are seriously considering the purchase of Toys R Us (reported a couple of days ago). So ... the outcome is up in the air.

[CreditUnionFan]

Some cards end without a lot of fanfare - when CompUSA shut down, the cards couldn't be used elsewhere.

I was a little surprised that the HH Gregg card was converted to the Synchrony "Home" card.  The HH Gregg could only be used in their stores.

I wouldn't argue if Synchrony converted the Toys R Us into something else... to keep the age of accounts, possibly save a hard inquiry for a card I might want instead.

A tip for folks who have the dual card...  if it hasn't been used in a while - use it for a small purchase, so that it doesn't get closed for inactivity.