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Worried that my Sears MasterCard CL will be THEFTED

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Frequent Contributor

Worried that my Sears MasterCard CL will be THEFTED

by GEMB when they take over from Citi.

 

It's my highest CL, and helps me keep my utl. under 6%.

 

I also have the store card.

 

I worry about what will happen once GEMB  reviews my CR b/c they refuse to approve me for their Visa/MasterCard/Discover products.

 

I have 5 GEMB store cards.


No apps/new accts since 2011

***FICO EXPERIAN 830***
***FICO EQUIFAX 828***
***FICO TRANSUNION 822***




Message 1 of 5
4 REPLIES
Frequent Contributor

Re: Worried that my Sears MasterCard CL will be THEFTED

Nevermind.

 

("=WSJ: GE Plans To Stay In Private-Label Credit Cards - Exec," published Thursday at 4:39 p.m. EDT, incorrectly said GE won a contract for Sears from Citibank in the fifth paragraph. The error derived from the source. The correct version followsSmiley Happy



No apps/new accts since 2011

***FICO EXPERIAN 830***
***FICO EQUIFAX 828***
***FICO TRANSUNION 822***




Message 2 of 5
Regular Contributor

Re: Worried that my Sears MasterCard CL will be THEFTED

I didn't know that, I have the SEARS Mc too, When is that going to happen?


Starting Score: EQ 737--TU 742
Nov/2010: EQ 737--TU 742
Nov/2011: TU 753
Goal Score: EQ 800--TU 800


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Message 3 of 5
Regular Contributor

Re: Worried that my Sears MasterCard CL will be THEFTED

Nevermind. lol


Starting Score: EQ 737--TU 742
Nov/2010: EQ 737--TU 742
Nov/2011: TU 753
Goal Score: EQ 800--TU 800


Take the FICO Fitness Challenge
Message 4 of 5
Moderator Emerita

Re: Worried that my Sears MasterCard CL will be THEFTED

Here's the thread that we first had going about this. Doubt was expressed that it included all the big CC's, because the value of the portfolio seemed too low:

 

GE Capital (GE Money Bank) obtains Citigroup Inc portfolio of cards

 

Here's the link for the WSJ correction mentioned above:

 

CORRECT(11/4): WSJ: GE Plans To Stay In Private-Label Credit Cards - Exec  (interesting; WSJ seems to no longer know the rules of capitalization)

 

I'm still incredibly confused: GEMB is, or is not, buying Citi's credit card portfolio, and if so, how much of it?? I googled on "citi sells credit card portfolio", and I didn't find any updates beyond the basic 10/6 announcement.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 5 of 5