11-10-2010 10:58 AM
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.
11-10-2010 11:24 AM
("=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 follows
11-10-2010 11:24 AM
I didn't know that, I have the SEARS Mc too, When is that going to happen?
11-10-2010 12:57 PM
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:
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.
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