Frequent Contributor
Cageym
Posts: 465
Registered: ‎07-31-2012
Walmart, Amex to make financial services announcement Monday

‎10-07-2012 07:33 PM

A Walmart co-branded Amex maybe? http://www.reuters.com/article/2012/10/07/us-walmart-idUSBRE8960MA20121007

What's in my wallet: Cap1 MC $5K NFCU Sig Visa $20k Amex Zync NPSL Delta Gold $18k BCE $2k Citi Simplicity $5450 Priority Select Visa 5.9K
Starting Score: 5/2010 550-ish
Current Score: 4/30/2013 TU 800 4/30/2013 EQ 793 1/04/2013 EX(USAA) 779
Goal Score: 800
(954 Views)
 
Moderator
Moderator
Revelate
Posts: 4,293
Registered: ‎12-30-2011
Re: Walmart, Amex to make financial services announcement Monday

‎10-07-2012 07:36 PM

85% of their transactions in the past were made by cash?  How long as go was in the past? :smileyhappy:

 

I'll certainly be interested to see what they say, Amex definitely needs to revamp some of their practices, this may be one of them enroute to being a more general purpose card issuer / servicer.

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)

Take the FICO Fitness Challenge
(930 Views)
 
Frequent Contributor
SwampSystems
Posts: 344
Registered: ‎06-25-2012
Re: Walmart, Amex to make financial services announcement Monday

‎10-07-2012 07:38 PM

I bet it has something to do with a Walmart-branded Serve card.


Hover over image for credit limits
How to stop the myFICO page header from overlapping posts
(918 Views)
 
Frequent Contributor
ccnewcc
Posts: 471
Registered: ‎09-29-2012
Re: Walmart, Amex to make financial services announcement Monday

‎10-07-2012 07:39 PM

Co-branded annoucment?  Perhaps....but that doesn't sound like amex.  especailly since they just axed the zync

(908 Views)
 
Regular Contributor
bostonte
Posts: 225
Registered: ‎10-04-2009
Re: Walmart, Amex to make financial services announcement Monday

‎10-07-2012 07:43 PM

It will be a prepaid card, I'm sure. much like the one Amex brands for Target.

(891 Views)
 
Frequent Contributor
Cageym
Posts: 465
Registered: ‎07-31-2012
Re: Walmart, Amex to make financial services announcement Monday

‎10-07-2012 07:44 PM

I know it, but there can't be many other reasons to have a joint announcement. Unless Wally-world is buying Amex.LOL

What's in my wallet: Cap1 MC $5K NFCU Sig Visa $20k Amex Zync NPSL Delta Gold $18k BCE $2k Citi Simplicity $5450 Priority Select Visa 5.9K
Starting Score: 5/2010 550-ish
Current Score: 4/30/2013 TU 800 4/30/2013 EQ 793 1/04/2013 EX(USAA) 779
Goal Score: 800
(882 Views)
 
Moderator
Moderator
Shogun
Posts: 7,375
Registered: ‎04-15-2011
Re: Walmart, Amex to make financial services announcement Monday

‎10-07-2012 07:50 PM

Well it definitely has my attention!

Starting Score: 504

Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
(857 Views)
 
Valued Contributor
jsucool76
Posts: 2,659
Registered: ‎12-11-2011
Re: Walmart, Amex to make financial services announcement Monday

‎10-07-2012 07:59 PM

The walmart moneycard is offered in a visa and MC version. Chances are they're going to announce an amex version, or somehow play the amex prepaid card into their walmart moneycard equation. 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart: 1300CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
(833 Views)
 
Moderator
Moderator
Shogun
Posts: 7,375
Registered: ‎04-15-2011
Re: Walmart, Amex to make financial services announcement Monday

‎10-07-2012 08:01 PM

If that's the case.  Big woop.  :smileyhappy:

Starting Score: 504

Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
(828 Views)
 
Valued Contributor
jsucool76
Posts: 2,659
Registered: ‎12-11-2011
Re: Walmart, Amex to make financial services announcement Monday

‎10-07-2012 08:02 PM

Shogun wrote:

If that's the case.  Big woop.  :smileyhappy:

It is gonna be something dumb like that :smileytongue: 

 

I didn't even know about the moneycard until I was at lunch the other day, and the card I wanted to use was trapped behind my walmart card, so I pulled that out, and my buddy goes "oh, you have the walmart prepaid card?" I was like "no..." 

 

#Embarassing :smileytongue: 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart: 1300CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
(819 Views)