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In that case, you are probably protected by having a card that started as Sallie Mae. That means Barclay must have two classes of Rewards cards: those that were issued as Rewards (and these are sub-prime or near-prime), and those that started as premium cards and ended up as Rewards through a product change.
https://www.americanbanker.com/news/citi-buys-15b-llbean-credit-card-portfolio-from-barclays
Looks like barclays is on all out sale
@Riopratap wrote:https://www.americanbanker.com/news/citi-buys-15b-llbean-credit-card-portfolio-from-barclays
Looks like barclays is on all out sale
Now if they would just sell Uber to somebody I could do a PC with ....
@Anonymous wrote:
@Riopratap wrote:https://www.americanbanker.com/news/citi-buys-15b-llbean-credit-card-portfolio-from-barclays
Looks like barclays is on all out sale
Now if they would just sell Uber to somebody I could do a PC with ....
LL Bean and Citi is old news from May: https://ficoforums.myfico.com/t5/Credit-Cards/LL-Bean-MasterCard-to-be-Issued-by-Citi/m-p/5249855
@UpperNwGuy wrote:In that case, you are probably protected by having a card that started as Sallie Mae. That means Barclay must have two classes of Rewards cards: those that were issued as Rewards (and these are sub-prime or near-prime), and those that started as premium cards and ended up as Rewards through a product change.
If memory serves me correctly, yes, Barclays used to issue 2 completely different Rewards cards, one for rebuilding and the other was for good to excellent credit.
@gdale6 wrote:
@UpperNwGuy wrote:In that case, you are probably protected by having a card that started as Sallie Mae. That means Barclay must have two classes of Rewards cards: those that were issued as Rewards (and these are sub-prime or near-prime), and those that started as premium cards and ended up as Rewards through a product change.
If memory serves me correctly, yes, Barclays used to issue 2 completely different Rewards cards, one for rebuilding and the other was for good to excellent credit.
"Rewards for Average Credit" IIRC?
I guess I will look for new card, I have Amex platinum pre approval . But annual fee of $550 I think is little bit high as 99 percent time I spend in New York. Might be next year when I have a lot of business travel.
Any suggestions ? Barclays card is big no no. Again they will sale to somebody else who knows.
Already got capital venture, Amex bluecash, discover, capitone platinum,city simplicity, Chase business, Chase sapphire .
Got my letter today for my Arrival+ WEMC changing to Mercury WEMC.
Sucks .
For clarification the bank isn't Mercury. The Bank is First Bank & Trust Brookings, SD. The Card name is Mercury.
@goal_digger wrote:
To add an extra DP...
I’ve had an Arrival+ WEMC and just received this letter. Ironically I got an auto-CLI about a month ago to almost double my SL (from 7k to 12k).
Haven’t quite figured out my plan of action yet but thinking of apping a new card and closing my Barclay account before the conversion date. I’ll hate losing the CL but I don’t need a cash back card with an annual fee. Nor do I like doing business with a bank I have no knowledge of.
OAN, not sure why they would convert a travel card to a cash back card but, shrug. Their loss.
Edit to add that my account was never a Rewards account.
I am surprised they are doing this to some Arrival + WEMC accounts. I thought the Arrival cards was a premium card offering of Barclays and that none of them would have been considered to be sold off like this. If I get the letter I will let everyone know. Good luck with what everyone decides to do.