topic MyPoints Rewards Visa By Comenity Bank Will Be Discontinued in Credit Cards

Mypoints visa - comenity- severing ties

jason86423 — Thu, 04 Aug 2016 22:24:15 GMT

Just got a letter in the mail today that Mypoints and Comenity are calling it quits. Cards will be shut down at time of expiration.

Just when the going was good. recently got it up to $15K.

At least they aren't immediately shutting them down.. they still want some use. Too bad they didn't just reissue them under their own bank.

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

JSS3 — Thu, 04 Aug 2016 20:05:48 GMT

Well, that's now three commenity cards of mine who've ended their relationship with Comenity. Got 3-4 more to go, I guess.

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

Anonymous — Thu, 04 Aug 2016 21:16:50 GMT

Sorry to hear.

LOL at the piece of white paper and tape.

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

Anonymous — Thu, 04 Aug 2016 22:17:17 GMT

Too bad that you cannot move CL with them. I guess they are losing the rewards program like candies.

MyPoints Rewards Visa By Comenity Bank Will Be Discontinued

Mahraja — Sat, 06 Aug 2016 01:56:47 GMT

hello folks well have a bad news for all MP Visa Holders just got a love letter from comenity which says My Points Visa program is ending and the MP Visa would be close on August 31st 2016 there goes my 6 years old trade line next could be sportsman guide visa sorry for the braking news

You may have received a letter from Comenity Capital Bank regarding your MyPoints Rewards Visa card. This message is intended to clarify certain terms related to the wind-down of the MyPoints Rewards Visa program effective as of August 15, 2016.

You may still use your Rewards Visa card to make purchases until the expiration date posted on your card. However, the ability to earn Points for such purchases will end on August 15, 2016. Points earned by August 15, 2016 will be posted to your MyPoints account by August 17, 2016.

If you would like to close your Rewards Visa account at Comenity Capital Bank sooner, please contact the bank by using the customer support number posted on your card.

Please refer to the MyPoints Rewards Visa card terms (previously provided by Comenity Capital Bank) for additional terms regarding your Rewards Visa account.

The wind-down of the MyPoints Rewards Visa program with Comenity Capital Bank has no impact on the Points earned from use of the MyPoints Rewards Visa or your MyPoints account at MyPoints.com, which remains open and active in accordance with our Terms of Use.

We appreciate your participation in the MyPoints program and apologize for any confusion the letter may have caused.

NOW MY CONCERN IS READ THIS LINE you may still use your Rewards Visa card to make purchases until the expiration date posted on your card i think it means the card can still b use until it expires means 2017/2018 etc but there will be no points earning after August 15th 2016 i think you guys hang on do not close the account yet

Re: Mypoints visa - comenity- severing ties

CreditUnionFan — Sat, 06 Aug 2016 01:48:52 GMT

This is a card that at one point I wanted, obtained it, picked up a few CLIs along the way, but then found better cards.

Once I picked pu a couple of cards that earned 1.75% or 1.8% on general purchases, the cash back was better than the extra MyPoints with their Visa. I was on the fence whether to close this one, and since the card is closing, that means I can move on to pick the next card to close.

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

Discover2016 — Sat, 06 Aug 2016 02:19:53 GMT

@Anonymous wrote:
Too bad that you cannot move CL with them. I guess they are losing the rewards program like candies.

I wonder if companies are starting to get skittish dealing with Comenity?

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

Anonymous — Sat, 06 Aug 2016 04:04:42 GMT

This is the only Comenity card that didn't like me and would never pre-approve me. I still get emails on the Red Roof Inn Visa pre-approval and won't take it. Went from 12 Comenity cards to 2. Sportsman's Guide Visa and Total Rewards MC. The only reason I keep the Total Rewards is because of the new card with the chip.

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

gdale6 — Sat, 06 Aug 2016 16:00:33 GMT

Two threads on same subject have been merged into one

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

vegasguy86 — Tue, 09 Aug 2016 01:19:39 GMT

I just got the bad news today as well. $5K limit 3 years gone.

@gdale6 wrote:
Two threads on same subject have been merged into one

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

JSS3 — Wed, 28 Sep 2016 18:34:28 GMT

I got the same letter but they sent me a new card this month. Don't know why.

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

CreditUnionFan — Sun, 02 Oct 2016 02:57:08 GMT

@JSS3 wrote:
I got the same letter but they sent me a new card this month. Don't know why.

If I remember the letter correctly, you could still use the credit card, but the credit card no longer earned any rewards after August 15th, 2016.

The APR was never anything to write home about, so with the ability to earn rewards gone, I closed mine at the end of August.

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

JSS3 — Sun, 02 Oct 2016 16:24:28 GMT

@CreditUnionFan wrote:
@JSS3 wrote:
I got the same letter but they sent me a new card this month. Don't know why.
If I remember the letter correctly, you could still use the credit card, but the credit card no longer earned any rewards after August 15th, 2016.

The APR was never anything to write home about, so with the ability to earn rewards gone, I closed mine at the end of August.

The letter stated we can use the card until it expires and that the account will close once the card expires(yet they sent me a card with a new expiration date). It didn't state we can still use the card but will no longer receive rewards. In other words, it wasn't a letter stating the rewards structure on an exsisting account would change.

Re: Mods please move to credit cards----- Mypoints visa - comenity- severing ties

CreditUnionFan — Sun, 02 Oct 2016 19:30:28 GMT

@JSS3 wrote:
@CreditUnionFan wrote:
@JSS3 wrote:
I got the same letter but they sent me a new card this month. Don't know why.
If I remember the letter correctly, you could still use the credit card, but the credit card no longer earned any rewards after August 15th, 2016.

The APR was never anything to write home about, so with the ability to earn rewards gone, I closed mine at the end of August.
The letter stated we can use the card until it expires and that the account will close once the card expires(yet they sent me a card with a new expiration date). It didn't state we can still use the card but will no longer receive rewards. In other words, it wasn't a letter stating the rewards structure on an exsisting account would change.

Hmmm, maybe I misread the letter, or maybe there were multiple versions of the letter. My card hadn't been reissued as an EMV card, so even if they let me "keep" it, it would've been closed soon anyway.

In MyPoints, one point isn't equal to one cent, but rather roughly .75 of a cent. Two points are roughly 1.5 cents, or Three points are roughly 2.1 cents, providing that the "points" aren't devalued in the future.