topic Re: Cap1 WM~QS~Savor in Credit Cards

Walmart Capital One Rewards changing to Quicksilver!

Waldemar — Fri, 12 Jul 2024 18:24:31 GMT

What a disappointment! Changing to a QS. I already have a QS, so if I can transfer the available credit to my existing account, I'll be closing my old Walmart card soon to be QS.

Re: Walmart Capital One Rewards changing to Quicksilver!

swankytiger — Fri, 12 Jul 2024 18:43:37 GMT

I mean it is better than it just being closed like the Evolve Bilt cards.

Re: Walmart Capital One Rewards changing to Quicksilver!

GZG — Fri, 12 Jul 2024 18:50:32 GMT

@Waldemar wrote:
What a disappointment! Changing to a QS. I already have a QS, so if I can transfer the available credit to my existing account, I'll be closing my old Walmart card soon to be QS.

that new card design though

Re: Walmart Capital One Rewards changing to Quicksilver!

Waldemar — Fri, 12 Jul 2024 18:50:59 GMT

I suppose it can be helpful for those who don't already have a Quicksilver card or don't mind having a secondary one.

Re: Walmart Capital One Rewards changing to Quicksilver!

ptatohed — Fri, 12 Jul 2024 18:53:07 GMT

This bites. I use my Cap1 WM card to order online a few times a month for 5% CB with the card + another 5% with Cap1 shopping offers. Even if another issuer offers a new 5% WM card (I really think this has to happen, for walmart.com to try and compete with amazon), I won't be able to stack 10% any more. I let my QS wither away over a decade ago. What am I going to do with a worthless QS??

Re: Walmart Capital One Rewards changing to Quicksilver!

xenon3030 — Fri, 12 Jul 2024 19:05:46 GMT

@ptatohed wrote:
This bites. I use my Cap1 WM card to order online a few times a month for 5% CB with the card + another 5% with Cap1 shopping offers. Even if another issuer offers a new 5% WM card (I really think this has to happen, for walmart.com to try and compete with amazon), I won't be able to stack 10% any more. I let my QS wither away over a decade ago. What am I going to do with a worthless QS??

SD.

Re: Walmart Capital One Rewards changing to Quicksilver!

Drifter73 — Fri, 12 Jul 2024 19:35:34 GMT

I would hope their forced PC is based off higher usage categories as to what they PC you to rather than QS being the only option for everyone.

I haven't been alerted to anything yet for my C1 WM wMC. I'll give it more time before I become concerned they may just close mine with no PC at all.

Re: Walmart Capital One Rewards changing to Quicksilver!

ptatohed — Fri, 12 Jul 2024 20:09:06 GMT

@xenon3030 wrote:
@ptatohed wrote:
This bites. I use my Cap1 WM card to order online a few times a month for 5% CB with the card + another 5% with Cap1 shopping offers. Even if another issuer offers a new 5% WM card (I really think this has to happen, for walmart.com to try and compete with amazon), I won't be able to stack 10% any more. I let my QS wither away over a decade ago. What am I going to do with a worthless QS??
SD.

Lol, yeah, I guess so. Actually, even if WM partners with a new issuer to offer a 5% card, the 1.5% QS + 5% Cap1 WM shopping offer = 6.5%. That assumes Cap1 keeps offering the 5% shopping offer though.

Re: Walmart Capital One Rewards changing to Quicksilver!

911gt34life — Fri, 12 Jul 2024 20:22:15 GMT

This is some sad news actually probably close it or keep it open for the credit age

Capital One like Bucket 🥲

Re: Walmart Capital One Rewards changing to Quicksilver!

fred-7388 — Fri, 12 Jul 2024 20:41:55 GMT

Gross, but I figured this would happen. Capital One might be the strictest big banks when it comes to product changes.

Re: Walmart Capital One Rewards changing to Quicksilver!

xenon3030 — Fri, 12 Jul 2024 20:52:30 GMT

@ptatohed wrote:
@xenon3030 wrote:
@ptatohed wrote:
This bites. I use my Cap1 WM card to order online a few times a month for 5% CB with the card + another 5% with Cap1 shopping offers. Even if another issuer offers a new 5% WM card (I really think this has to happen, for walmart.com to try and compete with amazon), I won't be able to stack 10% any more. I let my QS wither away over a decade ago. What am I going to do with a worthless QS??
SD.
Lol, yeah, I guess so. Actually, even if WM partners with a new issuer to offer a 5% card, the 1.5% QS + 5% Cap1 WM shopping offer = 6.5%. That assumes Cap1 keeps offering the 5% shopping offer though.

Occasionally, it is possible to get around 30-52% off on WM purchases. The obvious ones are Instacart and using portals. The Instacart one requires some planning in advance and purchasing Instacart GC with high discount, that would result up to ~52% off. Anyway, it needs delivery and some fees would be associated to it.

I typically shop at Walmart once a year to get my annual salt supplies for my water softener . I do it at the end of the year to get large discounts around Black Friday. The quality of almost anything else that I purchased at Walmart sucked and I do my shopping elsewhere.

Re: Walmart Capital One Rewards changing to Quicksilver!

Anonymous — Fri, 12 Jul 2024 21:21:53 GMT

@ptatohed wrote:
What am I going to do with a worthless QS??

If anyone can figure it out it will be you.

Re: Walmart Capital One Rewards changing to Quicksilver!

Anonymous — Fri, 12 Jul 2024 21:27:33 GMT

I do wonder if this will be a new account and will lower AAoA or will it be the same account + age

Re: Walmart Capital One Rewards changing to Quicksilver!

Slabenstein — Fri, 12 Jul 2024 21:37:20 GMT

@Anonymous wrote:
I do wonder if this will be a new account and will lower AAoA or will it be the same account + age

It's effectively just a product change, so it should be the same account for reporting purposes.

Re: Walmart Capital One Rewards changing to Quicksilver!

FicoMike0 — Fri, 12 Jul 2024 23:00:02 GMT

Does Wal-Mart have a good price on salt? I never noticed. I get mine at costco, $6.99 for the iron flavor. If I were getting a year supply, I might need the trailer!

Re: Walmart Capital One Rewards changing to Quicksilver!

xenon3030 — Fri, 12 Jul 2024 23:15:32 GMT

@FicoMike0 wrote:
Does Wal-Mart have a good price on salt? I never noticed. I get mine at costco, $6.99 for the iron flavor. If I were getting a year supply, I might need the trailer!

The salt supply at Costco is 50lb. I do prefer to purchase 25lb supplies . The price per pound becomes slightly higher while it minimizes any risk of possible back pain.

There is no need to purchase iron flavored salt, since iron solution can be added manually.

Re: Walmart Capital One Rewards changing to Quicksilver!

DanteJuan95 — Fri, 12 Jul 2024 23:25:32 GMT

I'm pretty sure that might be a placeholder image. It's probably going to the same QS card design that everyone already has, and not ever going to up the ante on the cashback points (such as upgrading from that minute "1.5%" to something like 2% or maybe 3% like what Savor One has.

Re: Walmart Capital One Rewards changing to Quicksilver!

DanteJuan95 — Fri, 12 Jul 2024 23:35:54 GMT

@Drifter73 wrote:
I would hope their forced PC is based off higher usage categories as to what they PC you to rather than QS being the only option for everyone.

I haven't been alerted to anything yet for my C1 WM wMC. I'll give it more time before I become concerned they may just close mine with no PC at all.

Same thing for mines, at least yet. I was hoping that they give comsumers the option to either:

A) Those who sticking with CapOne, may have an other to apply to other cashback/rewards card rather than just QS, like Savor/Savor One or Venture.

B) Stick with Walmart if they find a new issuer to replace Capital One for their open-loop and closed-loop rewards/store cards (maybe go with either WF, PNC, BofA, Chase, US Bank, Citi or probably back to Synchrony, hopefully not Comenity, they're litterally the worst.)

Re: Walmart Capital One Rewards changing to Quicksilver!

Waldemar — Fri, 12 Jul 2024 23:56:01 GMT

I wish I could have chosen the product type. I'll keep an eye on the process. Most likely, I'll close the card. The $2250 limit seems like a joke compared to my SavorOne with a $15,000 limit.

Re: Walmart Capital One Rewards changing to Quicksilver!

Anonymous — Sat, 13 Jul 2024 00:34:26 GMT

@DanteJuan95 wrote:
if they (Walmart) find a new issuer to replace Capital One for their open-loop and closed-loop rewards/store cards (maybe go with either WF, PNC, BofA, Chase, US Bank, Citi or probably back to Synchrony, hopefully not Comenity, they're literally the worst.)

I seriously can't see WF, PNC, BofA, Chase, US Bank, Citi or ANY of the big boys wanting to touch that train wreck.

Walmart is as much of or more than a Diva than Apple

I think Credit One may be in order

--------------------------------------------

https://www.paymentsjournal.com/rumble-on-aisle-5-walmart-sues-capital-one-on-co-brand-partnership/

"2019, Walmart sued Synchrony on their co-brand card. ... claiming that Synchrony was refusing to underwrite weak credit card accounts ... Walmart filed an $800 million lawsuit against Synchrony, claiming lost revenue by Synchrony’s underwriting standards.”

Lawsuit against Sync was dropped, but Sync still lost multiple 10's of millions having to sell the portfolio to Capital One

"2023 "Walmart alleged that Capital One didn’t provide the customer service it was obligated to offer, such as replacing lost cards promptly. ... and didn’t promptly post some transactions and payments to cardholders’ accounts."

Capital One gets left with a portfolio debt of 8.5 Billion

"In December 2022 (before the lawsuit against Capital One to break the contract), CNBC reported that Walmart is backing a fintech ... Walmart is the majority owner of "One" the new venture led by Goldman Sachs veterans. ... Those veterans come from Goldman Sachs floundering card business."