topic Re: Sam's Club SYNCB upgrade to MC World Elite question in Credit Cards

Sam's Club SYNCB upgrade to MC World Elite question

jojo79 — Thu, 14 Oct 2021 21:12:12 GMT

I hope this is in the right section but I have a question on this upgrade offer.
Interestingly I never received any emails. Just saw a new account showping up online, called and told there was an offer to upgrade, and then a day later the actual card showed up in the mail and I have until end of November to activate.

I understand it will be a new TL which kinda blows but I get it, but I'm more concered with losing the account age (I got it around 2014)

Has anyone been offered and/or made this move recently and if so, what was the impact? To be honest I'm leaning more to making the switch since all Sam's Clubs in my area all closed so I only use this at WalMart..... that and it's a really nice looking card lol

Thanks in advance... !

Re: Sam's Club SYNCB upgrade to MC World Elite question

M_Smart007 — Thu, 14 Oct 2021 21:40:23 GMT

Look on the bright side, your closed card can still report up to 10 years from closing date. So 2031(ish)

Re: Sam's Club SYNCB upgrade to MC World Elite question

FinStar — Thu, 14 Oct 2021 21:47:46 GMT

As mentioned above, while the account history won't be portable to the upgraded MC account, the [closed] store card will still be factored into your AAoA until it drops off your reports (up to ~10 years -- give or take). Of course, there's the new account 'ding', but if you evaluate the overall MC benefits vs the store card, the MC comes out ahead so it's worth it, IMO.

Re: Sam's Club SYNCB upgrade to MC World Elite question

Trooper2003 — Fri, 15 Oct 2021 04:09:53 GMT

I actually I got the same offer about 3 months ago , upgraded my store to world elite MasterCard , and I still kept 5 years worth of account on the upgrade, so yes synchrony is now letting you keep account history unlike before.

Re: Sam's Club SYNCB upgrade to MC World Elite question

FinStar — Fri, 15 Oct 2021 04:15:49 GMT

@Trooper2003 wrote:
I actually I got the same offer about 3 months ago , upgraded my store to world elite MasterCard , and I still kept 5 years worth of account on the upgrade, so yes synchrony is now letting you keep account history unlike before.

Excellent news and thanks for sharing some of your DPs. Just to confirm, because this must be a recent reporting change for SYNCB, do you see only 1 SYNCB tradeline displayed on all your (3) reports (not alerts btw) with the history merged, or two separate tradelines?

Re: Sam's Club SYNCB upgrade to MC World Elite question

M_Smart007 — Fri, 15 Oct 2021 04:19:02 GMT

@Trooper2003 wrote:
I actually I got the same offer about 3 months ago , upgraded my store to world elite MasterCard , and I still kept 5 years worth of account on the upgrade, so yes synchrony is now letting you keep account history unlike before.

@Trooper2003, Wow .. very interesting, as I have always read that upgrades start out with a new account🎃

Re: Sam's Club SYNCB upgrade to MC World Elite question

Trooper2003 — Fri, 15 Oct 2021 04:20:51 GMT

Oh yes just one trade line from original date , I then called synchrony and confirmed that it was keeping all the history.

Re: Sam's Club SYNCB upgrade to MC World Elite question

FinStar — Fri, 15 Oct 2021 04:30:47 GMT

@Trooper2003 wrote:
Oh yes just one trade line from original date , I then called synchrony and confirmed that it was keeping all the history.

Thanks again for confiming this new DP. I'm glad to hear that SYNCB has changed the methodology for reporting V/MC updgrades if this is indeed a new trend

Re: Sam's Club SYNCB upgrade to MC World Elite question

jojo79 — Fri, 15 Oct 2021 16:06:57 GMT

@Trooper2003 wrote:
Oh yes just one trade line from original date , I then called synchrony and confirmed that it was keeping all the history.

Thanks for the feedback; just called after seeing your post and got the same confirmation. New account number but original open date /history remains intact. Looks like I'll be making the switch; it would make this TL more usable for me.

Thanks again, this forum has been great!

Re: Sam's Club SYNCB upgrade to MC World Elite question

delaney1 — Fri, 15 Oct 2021 20:52:03 GMT

@Trooper2003 wrote:
I actually I got the same offer about 3 months ago , upgraded my store to world elite MasterCard , and I still kept 5 years worth of account on the upgrade, so yes synchrony is now letting you keep account history unlike before.

This is the second such post I've read about this week. The first was regarding a Care Credit upgrade. I just got the Care Credit upgraded card in the mail this week, but have been reluctant to consider upgrading because I'm not really interested in a new tradeline being opened. This is definitely a game changer. Thanks for the data point!

Re: Sam's Club SYNCB upgrade to MC World Elite question

jojo79 — Thu, 21 Oct 2021 22:03:25 GMT

So wanted to follow up with an update on this for future searches and DP's.... just got 2 bureau alerts on credit changes; the key one being the original open date remained intact.

TU:

3 Changes - no score change (yet)

- Retail card removed from your report

- All retail card credit limits decreased by 10K (the card limit)

- All bank card credit limits increased by 10K

EQ:

Credit change
- Company
  SYNCB/SAM'S CLUB DC
- Balance
  $0.00
- Account number
  ************bla bla bla -> ************blah blah blah (removed actual digits lol)
- Date Opened
  9/1/2014
- Description
  Charge Account
- Descriptor 1
  Credit card

I'm curious to see how this plays out over the next few days, but so far... no score changes....

Re: Sam's Club SYNCB upgrade to MC World Elite question

delaney1 — Thu, 21 Oct 2021 23:15:15 GMT

@jojo79 wrote:
So wanted to follow up with an update on this for future searches and DP's.... just got 2 bureau alerts on credit changes; the key one being the original open date remained intact.

TU:
3 Changes - no score change (yet)
- Retail card removed from your report
- All retail card credit limits decreased by 10K (the card limit)
- All bank card credit limits increased by 10K

EQ:
Credit change

Company
SYNCB/SAM'S CLUB DC

Balance
$0.00
Account number
************bla bla bla -> ************blah blah blah (removed actual digits lol)
Date Opened
9/1/2014
Description
Charge Account
Descriptor 1
Credit card

I'm curious to see how this plays out over the next few days, but so far... no score changes....

Thanks for the update. I'm "this" close to accepting the Care Credit upgrade.

Re: Sam's Club SYNCB upgrade to MC World Elite question

Rebuild2019 — Thu, 21 Oct 2021 23:18:41 GMT

Congratulations 🎉🎈🎊 on your upgrade.