topic Re: Uh...Oh.....(Sam's Club Mastercard) in Credit Cards

Uh...Oh.....(Sam's Club Mastercard)

kingkai1990 — Wed, 20 Aug 2014 01:35:52 GMT

Okay, so apart of my app spree I applied for the sam's club Mastercard. They said I was approved.....but I think they automatically forced me to the Club Credit Card instead of the Master Card. Ummm. Do they have the right to do this? I'd rather have gotten denied than a regular store card (I already have a Wally's World store card). Anyone have htis issue?

Re: Uh...Oh.....(Sam's Club Mastercard)

jsucool76 — Wed, 20 Aug 2014 01:38:23 GMT

All of GE (or Sychronrijeijeif whatever they're called now)'s cards are on a "what you qualify for basis." as far as I know

You apply for the Network card (visa, mastercard, discover, amex whatever it may be), and if you dont qualify for that, they run you for the in-house credit card.

Re: Uh...Oh.....(Sam's Club Mastercard)

kingkai1990 — Wed, 20 Aug 2014 01:40:35 GMT

@jsucool76 wrote:
All of GE (or Sychronrijeijeif whatever they're called now)'s cards are on a "what you qualify for basis." as far as I know

You apply for the Network card (visa, mastercard, discover, amex whatever it may be), and if you dont qualify for that, they run you for the in-house credit card.

Ugh.....damn. Not really what I wanted at all. If I cancel it, wouldn't it still stay on my credit for 30 days?

Re: Uh...Oh.....(Sam's Club Mastercard)

jsucool76 — Wed, 20 Aug 2014 01:43:17 GMT

I would just keep it. It's not hurting. You already took the inq. GE (synchrowhatever) is good about CLIs. I got my walmart card upgraded to discover in about a year. Should be able to do the same with your Sam's card.

Re: Uh...Oh.....(Sam's Club Mastercard)

taxi818 — Wed, 20 Aug 2014 01:47:14 GMT

Yes.i agree. you took the hit. but it grows very fast.

may as well keep it. i did same thing with my wally. thought i was going for discover. they did not tell me.

When i got in mail. i said. damn...

But it forced me to go directly to discover. which, i am happy with my wally. and my discover.

Congrats. even though you did not want it

Re: Uh...Oh.....(Sam's Club Mastercard)

jsucool76 — Wed, 20 Aug 2014 01:49:20 GMT

usually in the T&Cs you read at the bottom of the application it says "If we cannot approve you for Sam's club mastercard we will attempt to approve you for the Sam's Club Card.

Just like when you apply for a visa sig or WMC card, it says "if we cannot approve you, you will get a platinum visa/mc w/e "

Re: Uh...Oh.....(Sam's Club Mastercard)

jamesdwi — Wed, 20 Aug 2014 02:48:37 GMT

@kingkai1990 wrote:
@jsucool76 wrote:
All of GE (or Sychronrijeijeif whatever they're called now)'s cards are on a "what you qualify for basis." as far as I know

You apply for the Network card (visa, mastercard, discover, amex whatever it may be), and if you dont qualify for that, they run you for the in-house credit card.
Ugh.....damn. Not really what I wanted at all. If I cancel it, wouldn't it still stay on my credit for 30 days?

if you cancel it, it will show on your credit report upto 10 years, just as any other closed credit card. You took the HP, and soon the TL, keep the card open, use it occausionally it will grow and help with your AAoA in the future, treat it fight it could get CLI's up to 10k or more, and graduate to the MC version in a year or two.

Re: Uh...Oh.....(Sam's Club Mastercard)

woodyman100 — Wed, 20 Aug 2014 02:55:24 GMT

My Sams club card went from 427 to 10k in. 11 months just charging 50-150 once a month.

Keep it and have fun. Oh.. And hit that luv button every fourth statement!

Re: Uh...Oh.....(Sam's Club Mastercard)

peaceonearth — Wed, 20 Aug 2014 04:51:55 GMT

@kingkai1990 wrote:
Okay, so apart of my app spree I applied for the sam's club Mastercard. They said I was approved.....but I think they automatically forced me to the Club Credit Card instead of the Master Card. Ummm. Do they have the right to do this? I'd rather have gotten denied than a regular store card (I already have a Wally's World store card). Anyone have htis issue?

Yes.

You can cancel it.

Yes.

Re: Uh...Oh.....(Sam's Club Mastercard)

SunriseEarth — Wed, 20 Aug 2014 05:15:44 GMT

@kingkai1990 wrote:
Okay, so apart of my app spree I applied for the sam's club Mastercard. They said I was approved.....but I think they automatically forced me to the Club Credit Card instead of the Master Card. Ummm. Do they have the right to do this? I'd rather have gotten denied than a regular store card (I already have a Wally's World store card). Anyone have htis issue?

Usually, the co-branded GECRB/Sync cards require scores ~700 or higher on TU. I honestly think you jumped the gun on it, if you wanted the MC. However, the card could upgrade down the line, so I don't recommend closing it. There are still some perks, like being able to use special financing offers at Sams (AFAIK, you can't use special financing on a Wally card there). Also, there's the handy "cash-over" feature.

Re: Uh...Oh.....(Sam's Club Mastercard)

CreditUnionFan — Wed, 20 Aug 2014 09:19:23 GMT

Congrats on the Sams store account!

Virtually all of the co-branded cards state that if the credit doesn't meet standards that they will consider you for the store-only card, or a card with different features.

There have been offers to upgrade, but they seem hit-or-miss. I was even prompted once for an upgrade at the register, but when I said I'd accept, the offer wasn't valid, and after a run-around with customer service telling me I needed to fully apply for a new account.

I've had my Sams store account for years, and as others have pointed out, there are the promotional financing offers, and the ability to get $60 back at the register. I sheepishly admit that more than once on my Wally and Sams cards I have gone into the store and bought something (anything) just to get the cash back with purchase. If the item is cheap enough, like a $2 tool from the hardware department, it's cheaper than a standard ATM surcharge.