topic Re: BJ's switch from Comenity to Cap1 in Credit Cards

BJ's switch from Comenity to Cap1

SDMarik — Tue, 27 Sep 2022 17:12:45 GMT

Have there been any updates anywhere as to when this switch is expected to happen?

Re: BJ's switch from Comenity to Cap1

FireMedic1 — Tue, 27 Sep 2022 17:29:07 GMT

I looked all over. It was posted here in Jan it was going to happen. No real timeline. Still nothing. The website now has the Bread name.

https://ficoforums.myfico.com/t5/Credit-in-the-News/Capital-One-acquiring-BJ-s-card-too/td-p/6476342

You'll see if it does. It just might be a new account on your reports per @K-in-Boston noted.

Re: BJ's switch from Comenity to Cap1

SDMarik — Tue, 27 Sep 2022 17:38:58 GMT

@FireMedic1 wrote:
I looked all over. It was posted here in Jan it was going to happen. No real timeline. Still nothing. The website now has the Bread name.
https://ficoforums.myfico.com/t5/Credit-in-the-News/Capital-One-acquiring-BJ-s-card-too/td-p/6476342
You'll see if it does. It just might be a new account on your reports per @K-in-Boston noted.

How do things like this typically work if the issuer that is taking over otherwise wouldn't approve someone for credit? I am not necessarily worried, but Cap1 does not seem to love me as I don't really spend anything on my cards with them and I never see anything pre-qual on their site.

Re: BJ's switch from Comenity to Cap1

OmarGB9 — Tue, 27 Sep 2022 17:42:41 GMT

@SDMarik wrote:
@FireMedic1 wrote:
I looked all over. It was posted here in Jan it was going to happen. No real timeline. Still nothing. The website now has the Bread name.
https://ficoforums.myfico.com/t5/Credit-in-the-News/Capital-One-acquiring-BJ-s-card-too/td-p/6476342
You'll see if it does. It just might be a new account on your reports per @K-in-Boston noted.

How do things like this typically work if the issuer that is taking over otherwise wouldn't approve someone for credit? I am not necessarily worried, but Cap1 does not seem to love me as I don't really spend anything on my cards with them and I never see anything pre-qual on their site.

They probably just won't ever CLI you I guess. I don't think they'd shut you down though, if that's what you're asking.

Re: BJ's switch from Comenity to Cap1

CYBERSAM — Tue, 27 Sep 2022 17:51:07 GMT

@SDMarik wrote:
@FireMedic1 wrote:
I looked all over. It was posted here in Jan it was going to happen. No real timeline. Still nothing. The website now has the Bread name.
https://ficoforums.myfico.com/t5/Credit-in-the-News/Capital-One-acquiring-BJ-s-card-too/td-p/6476342
You'll see if it does. It just might be a new account on your reports per @K-in-Boston noted.

How do things like this typically work if the issuer that is taking over otherwise wouldn't approve someone for credit? I am not necessarily worried, but Cap1 does not seem to love me as I don't really spend anything on my cards with them and I never see anything pre-qual on their site.

You must be shopping at BJs! Then what is the point of paying for the CC and membership! Therefore when Cap1 sees usage they are going to give you CLI on that card.

Re: BJ's switch from Comenity to Cap1

ZackAttack — Thu, 29 Sep 2022 08:47:59 GMT

@FireMedic1 wrote:
I looked all over. It was posted here in Jan it was going to happen. No real timeline. Still nothing. The website now has the Bread name.
https://ficoforums.myfico.com/t5/Credit-in-the-News/Capital-One-acquiring-BJ-s-card-too/td-p/6476342
You'll see if it does. It just might be a new account on your reports per @K-in-Boston noted.

This is still interesting as I saw that on here with no exact date.

I am an AU on my mom's BJ $17k card and when she added me, they never asked for my SSN or anything like that. Just the name to be added onto the card. If it is heading over to Cap 1, I am sure Cap 1 would have taking over the account and probably would have asked my mom for a SSN for me; since they do copy the history of the card to other people just by SSN.

Re: BJ's switch from Comenity to Cap1

OmarGB9 — Thu, 29 Sep 2022 15:39:57 GMT

@ZackAttack wrote:
@FireMedic1 wrote:
I looked all over. It was posted here in Jan it was going to happen. No real timeline. Still nothing. The website now has the Bread name.
https://ficoforums.myfico.com/t5/Credit-in-the-News/Capital-One-acquiring-BJ-s-card-too/td-p/6476342
You'll see if it does. It just might be a new account on your reports per @K-in-Boston noted.

This is still interesting as I saw that on here with no exact date.

I am an AU on my mom's BJ $17k card and when she added me, they never asked for my SSN or anything like that. Just the name to be added onto the card. If it is heading over to Cap 1, I am sure Cap 1 would have taking over the account and probably would have asked my mom for a SSN for me; since they do copy the history of the card to other people just by SSN.

Oh companies can figure out exactly who you are even without SSN. Just using your name and public records.

Re: BJ's switch from Comenity to Cap1

K-in-Boston — Thu, 29 Sep 2022 15:46:57 GMT

During the Q4 2021 earnings call, it was stated:

"We have chosen Capital One to help us take this program to the next level. We will spend the next year designing a program that will pass even more value to our members, again, knowing that they will reward us. We believe that this will be very powerful over time, and we look forward to moving ahead with our new partner in the early days of next fiscal year."

Not sure exactly when their 2022 Fiscal Year began (or begins), but with the complaint filed against ADS for the holdup on the transition, it doesn't seem imminent. The current issuer is also still accepting new applications.

Re: BJ's switch from Comenity to Cap1

pcmedic2k — Fri, 30 Sep 2022 13:48:30 GMT

@K-in-Boston wrote:
During the Q4 2021 earnings call, it was stated:

"We have chosen Capital One to help us take this program to the next level. We will spend the next year designing a program that will pass even more value to our members, again, knowing that they will reward us. We believe that this will be very powerful over time, and we look forward to moving ahead with our new partner in the early days of next fiscal year."

Not sure exactly when their 2022 Fiscal Year began (or begins), but with the complaint filed against ADS for the holdup on the transition, it doesn't seem imminent. The current issuer is also still accepting new applications.

Shopping at Bj's a few days ago and size of purchase on card required interaction with customer service rep in store. During conversation I mentioned my displeasure with my card not reporting to the bureaus since May. She said they have had a lot of complaints and should be switching to CapOne in next couple of months. We'll see.

Re: BJ's switch from Comenity to Cap1

CYBERSAM — Fri, 28 Oct 2022 02:37:02 GMT

https://www.capitalone.com/about/newsroom/bjs-wholesale-partnership-2022/

Finally we got some movement!

Re: BJ's switch from Comenity to Cap1

Spotsy — Sun, 04 Dec 2022 18:48:25 GMT

More movement on this...

you can no longer apply for the existing Comenity BJs CC via the BJs website and the 'Apply Now' button that is on the Account Management site just goes back to the BJs CC info for existing CC holders. Plus there is a new blurb, see screenshot, about 'Coming in Early 2023'.

Re: BJ's switch from Comenity to Cap1

K-in-Boston — Fri, 23 Dec 2022 02:01:14 GMT

And finally, an actual acknowledgement to cardholders that the change is taking place. This email came from BJ's today.

Dear My BJ’s Perks® Mastercard® holder,

As a valued member of our program, we wanted you to be the first to know about exciting upcoming changes.

We recently selected Capital One as our new program partner—and the My BJ’s Perks® Mastercard® program is becoming the BJ’s One™ Mastercard® program. Partnering with Capital One will allow us to innovate, grow and enhance our cardholders’ experiences through comprehensive benefits and award-winning service.

It also means Capital One will be issuing you a new card, which you should receive by mid-February (and that you can activate on or after February 27, 2023). Until then, you can continue using your existing My BJ’s Perks® Mastercard® credit card.

Also, please be aware that any one-time payments scheduled on or after February 24 will not be processed by Comenity Capital Bank. However, if you have an autopay series scheduled, that may be transferred over to Capital One. You will be contacted if your autopay does not transfer.*

In the coming weeks, you’ll receive more detailed information from BJ’s and Capital One about the new BJ’s One™ Mastercard program, along with important instructions on what to expect as we prepare to move your credit card account to Capital One.*

To learn more about these changes, please visit BJsOne.capitalone.com.

Thank you for your continued membership as we look to create more value for you now and in the future.

Sincerely,

BJ’s Wholesale Club, Inc.

BJ's One Mastercard will replace BJ's Perks Plus Mastercard

3% back in rewards on most BJ's purchases
10¢ off/gal. at BJ's Gas
1.5% back in rewards everywhere else Mastercard is accepted
World Mastercard status

BJ's One+ Mastercard will replace BJ's Perks Elite Mastercard

5% back in rewards on most BJ's purchases
15¢ off/gal. at BJ's Gas
2% back in rewards everywhere else Mastercard is accepted
World Mastercard status

BJ's Business Elite Mastercard will replace both the BJ's Business Perks Plus BJ's Business Perks Elite

5% back in rewards on most BJ's purchases
15¢ off/gal. at BJ's Gas
2% back in rewards everywhere else Mastercard is accepted
World Elite Mastercard status

All cards have no annual fee and no foreign transaction fees.

Unlimited rewards that never expire. When you earn rewards, they’ll never expire—ever.

The rewards expiration is welcome change as the $10 increments currently expire if unused at BJs. (Edit: From the FAQ: You can redeem your rewards at checkout in-club, online on BJs.com or in the BJ's app on eligible purchases of at least $10. You must have a minimum rewards balance of $10 to redeem, and you can redeem any amount over $10.)

For my card (Perks Elite), the flat 2% is better than the current 2% on dining and non-BJs gas and 1% everywhere else, although I am still unlikely to use it outside of BJs. The Plus card loses 1/2% on dining and non-BJs gas, but gains 1/2% on the everywhere else. I am assuming the exclusions to "most BJs purchases" will remain alcohol, tobacco, gift cards, delivery orders from local clubs (usually charged as Instacart), etc...

I don't see any mention of the $25 annual credit when my premium membership is renewed, though, so the effective -$25 AF may be going up to $0. I will also be very curious if the standard 2% on that membership tier will be earned when paying with any other type of payment. That came as a surprise when I first got the BJs card that I no longer received the base 2% rewards unless I used my Comenity BJs card. (Edit: From the FAQ: Will I still earn rewards if I don’t use my new credit card? You must use your new credit card with your membership ID, which is located on the back of your credit card, at checkout to earn rewards. )

Edit: Ooh, one nice thing for those with existing CapOne online accounts:

"On or after 2/27/23, you can set up a new online account with Capital One, or you can add your card to an existing Capital One account to manage your account online or via the Capital One Mobile app. You’ll be able to set up paperless statements, customized alerts and other features."

Edit 2: This should alleviate some concerns:

"Will this change impact my credit score?
This will not be reported as a new account and your account open date will appear as the same date currently reported on your credit file. The information previously reported to the credit bureaus will be updated with the Capital One name and the credit bureaus will continue to receive updates based on your ongoing account performance."

Re: BJ's switch from Comenity to Cap1

Blender — Fri, 23 Dec 2022 03:53:56 GMT

@K-in-Boston wrote:
And finally, an actual acknowledgement to cardholders that the change is taking place. This email came from BJ's today.

Dear My BJ’s Perks® Mastercard® holder,

As a valued member of our program, we wanted you to be the first to know about exciting upcoming changes.

We recently selected Capital One as our new program partner—and the My BJ’s Perks® Mastercard® program is becoming the BJ’s One™ Mastercard® program. Partnering with Capital One will allow us to innovate, grow and enhance our cardholders’ experiences through comprehensive benefits and award-winning service.

It also means Capital One will be issuing you a new card, which you should receive by mid-February (and that you can activate on or after February 27, 2023). Until then, you can continue using your existing My BJ’s Perks® Mastercard® credit card.

Also, please be aware that any one-time payments scheduled on or after February 24 will not be processed by Comenity Capital Bank. However, if you have an autopay series scheduled, that may be transferred over to Capital One. You will be contacted if your autopay does not transfer.*

In the coming weeks, you’ll receive more detailed information from BJ’s and Capital One about the new BJ’s One™ Mastercard program, along with important instructions on what to expect as we prepare to move your credit card account to Capital One.*

To learn more about these changes, please visit BJsOne.capitalone.com.

Thank you for your continued membership as we look to create more value for you now and in the future.

Sincerely,
BJ’s Wholesale Club, Inc.

BJ's One Mastercard will replace BJ's Perks Plus Mastercard
3% back in rewards on most BJ's purchases
10¢ off/gal. at BJ's Gas
1.5% back in rewards everywhere else Mastercard is accepted
World Mastercard status

BJ's One+ Mastercard will replace BJ's Perks Elite Mastercard
5% back in rewards on most BJ's purchases
15¢ off/gal. at BJ's Gas
2% back in rewards everywhere else Mastercard is accepted
World Mastercard status

BJ's Business Elite Mastercard will replace both the BJ's Business Perks Plus BJ's Business Perks Elite
5% back in rewards on most BJ's purchases
15¢ off/gal. at BJ's Gas
2% back in rewards everywhere else Mastercard is accepted
World Elite Mastercard status

All cards have no annual fee and no foreign transaction fees.

Unlimited rewards that never expire. When you earn rewards, they’ll never expire—ever.

The rewards expiration is welcome change as the $10 increments currently expire if unused at BJs. (Edit: From the FAQ: You can redeem your rewards at checkout in-club, online on BJs.com or in the BJ's app on eligible purchases of at least $10. You must have a minimum rewards balance of $10 to redeem, and you can redeem any amount over $10.)

For my card (Perks Elite), the flat 2% is better than the current 2% on dining and non-BJs gas and 1% everywhere else, although I am still unlikely to use it outside of BJs. The Plus card loses 1/2% on dining and non-BJs gas, but gains 1/2% on the everywhere else. I am assuming the exclusions to "most BJs purchases" will remain alcohol, tobacco, gift cards, delivery orders from local clubs (usually charged as Instacart), etc...

I don't see any mention of the $25 annual credit when my premium membership is renewed, though, so the effective -$25 AF may be going up to $0. I will also be very curious if the standard 2% on that membership tier will be earned when paying with any other type of payment. That came as a surprise when I first got the BJs card that I no longer received the base 2% rewards unless I used my Comenity BJs card. (Edit: From the FAQ: Will I still earn rewards if I don’t use my new credit card? You must use your new credit card with your membership ID, which is located on the back of your credit card, at checkout to earn rewards. )

Edit: Ooh, one nice thing for those with existing CapOne online accounts:
"On or after 2/27/23, you can set up a new online account with Capital One, or you can add your card to an existing Capital One account to manage your account online or via the Capital One Mobile app. You’ll be able to set up paperless statements, customized alerts and other features."

Edit 2: This should alleviate some concerns:
"Will this change impact my credit score?
This will not be reported as a new account and your account open date will appear as the same date currently reported on your credit file. The information previously reported to the credit bureaus will be updated with the Capital One name and the credit bureaus will continue to receive updates based on your ongoing account performance."

how does edit one effect anyone whos AU?

Thanks for posting this for us, been a long time coming lol

Re: BJ's switch from Comenity to Cap1

JLRDC909 — Wed, 28 Dec 2022 14:03:10 GMT

My snail mail packet came today. Basically said that the card will transition early 2023 and C1 will mail a new card but it will change to MasterCard World.

The elimination of FTF will be nice, but outside of the automatic annual fee billing for BJs, I don't really use the card.

One of the few instances that I will view C1 as an upgrade compared to Commenity.

Re: BJ's switch from Comenity to Cap1

RootDet — Wed, 28 Dec 2022 16:24:29 GMT

I wonder if they will nurf the business card, since those could be obtained without a PG.

Re: BJ's switch from Comenity to Cap1

CYBERSAM — Thu, 29 Dec 2022 05:56:12 GMT

Got to love how much effort they put on the card's design!