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Established Member
Posts: 29
Registered: ‎12-09-2012
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sears solutions to orchard to capital one

Hi! I asked this question in the rebuilding credt forum to no avail. I opened a SearsSolutions Mastercard back in november, primarily to get discounts at Sears. Well, this past April Orchard Bank took over now I have an Orchard Bank card. Before I even activated it, I recieved a letter stating it's transitioning to a Capital One card. My question is 1)

Will this hurt my score, and show 3 new opened accounts, 2 closed accounts? and 2)I already have an unsecured card w/Cap1 and a secured card w/Cap1..isn't there a limit? Whats gonna happen? Thanks in advance, its been a crazy credit roller coaster w/this dang card!! Smiley Happy

Valued Contributor
Posts: 2,281
Registered: ‎09-16-2011
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Re: sears solutions to orchard to capital one

Won't hurt your credit, each of those changes just effected your one tradeline, no new tradelines are created.

 

I had the sears card, closed it before the purchase, but the tradeline has been modified for each of these changes. Including the final change of removing the CL and showing it as a close a full year after I had closed it.

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Established Member
Posts: 29
Registered: ‎12-09-2012
0

Re: sears solutions to orchard to capital one

ah, that makes sense! Thanks I feel better!! Smiley Very Happy

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