GE wants to unload Wal*Mart, Lowe's, etc.

[pazuzu]

Perhaps the best indication of the strains on the market is that the largest issuer of private label cards, General Electric, has indicated that it would like to quit the business altogether.

G.E., which has a $32 billion portfolio of cards for companies like Wal-Mart and Lowe’s, put its unit up for sale in December 2007 but abandoned the effort in September after it failed to find a buyer.

http://www.goupstate.com/article/20090210/ZNYT01/902103018/1086/NEWS07?Title=Losses_mount_on_credit_...

[haulingthescoreup]

Oh, I would so be tempted to get a Lowe's card, if it were handled by a for-real bank!

--Well, no, being me, I probably wouldn't, but I'd put it on my list!

[marty56]

2 of my 3 open CCs are GEMB prodcts.  One of which is 25 years old.  My luck it would go to BofA.

[Anonymous]

With my luck, it would go to Chase.   They only cut my CL from $15k to $10k.  That would certainly be cut further.  After all, how often does a non-contractor spend more than a grand or two at Lowe's?