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Barneys New York Credit Card out of Market!

J-F168
Frequent Contributor

Barneys New York Credit Card out of Market!

Your account will no longer be accepted as a form of payment starting 11/1/2019. We will continue to serve you and service your account until your balance is paid in full.

EX 713
EQ 700
TU 679br >BK 7 D/C Dec. '16.
Message 1 of 16
15 REPLIES 15
FinStar
Moderator

Re: Barneys New York Credit Card out of Market!

Whoopsie! This was bound to happen in light of their recent BK filing. Same thing happened with a few other retailers backed by Comenity... Elder-Beerman/Bonton stores, for instance.
Message 2 of 16
J-F168
Frequent Contributor

Re: Barneys New York Credit Card out of Market!

Just lost almost 40k lol 

EX 713
EQ 700
TU 679br >BK 7 D/C Dec. '16.
Message 3 of 16
FinStar
Moderator

Re: Barneys New York Credit Card out of Market!

Mine was $30K. Oh well, these things were expected for some CC programs given the state of retailers in this day in age.

This is likely going to impact those folks that relied or used these retail TLs as some sort of padding. Just goes to show you... here today, gone tomorrow! 😜

 

Interestingly enough, although the account is technically 'closed', the available credit still displays as if it were open ¯\_(ツ)_/¯

 

110434.jpg

Message 4 of 16
Janus
Senior Contributor

Re: Barneys New York Credit Card out of Market!

This is one reason I'm glad that I never got caught up in Store cards. Not saying Big Banks can't fail, but retailers are likely to go BK before most banks.

 

For those who have several versus Bank cards, this could be a blow to their TL's and hurt utilization. 






Message 5 of 16
J-F168
Frequent Contributor

Re: Barneys New York Credit Card out of Market!

The Barneys New York Credit Card is no longer accepted as a form of payment as of 11/1/2019. All accounts, including your own, will be closed on 1/6/2020.

 

EX 713
EQ 700
TU 679br >BK 7 D/C Dec. '16.
Message 6 of 16
althes
Frequent Contributor

Re: Barneys New York Credit Card out of Market!

Just got the email.

**bleep**, guess I won't be shopping there anymore.

Message 7 of 16
J-F168
Frequent Contributor

Re: Barneys New York Credit Card out of Market!

Same, they used to have free valet with your card and a free drink ( wine for me pls) when dining/ lunch and pay with barneys.

EX 713
EQ 700
TU 679br >BK 7 D/C Dec. '16.
Message 8 of 16
wasCB14
Super Contributor

Re: Barneys New York Credit Card out of Market!

I wonder what the breakdown of their regular customer base was as far as seriously rich vs. aspirational...and what share of customers paid with the store card vs. ~$500+ AF card.

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Message 9 of 16
redpat
Senior Contributor

Re: Barneys New York Credit Card out of Market!

Just an overpriced clothing store, seriously $100 and over for a T-Shirt......SMH.

 

They needed those lines for people to use to keep themselves in business.



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Message 10 of 16
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