Bed Bath and Beyond Credit Card

[sto0pyd]

I have a Bed Bath & Beyond Mastercard and use it a couple of times a year to keep the account open (maybe even just once a year). It's been open for a little over 5 years and is sitting on a credit limit of $18,000. Now that they are closing the stores, does the community know what typically happens to the credit cards? Does Comenity/Bread convert the cards? Do they just close it? I went on to the website and couldn't find an answer.

[CreditCuriosity]

Might be convereted, but likely closed.  They will notify you shortly on which direction they decide to guy with the portfolio of card holders

[Credit-hoarder]

Can't say for sure what they will do with your account. But I can tell you my experience: I had a Coldwater Creek Mastercard (Comenity) that I acquired in 2014 and in 6 years grew the CL from $4500 to $24500. Long story short--When they finally went out of business in 2020--the card and the $24.5k CL I had went with it. One of the saddest days of my life. Hope you have a better outcome.

[OmarGB9]

As mentioned above, could go either way, but likely will be closed. 

[longtimelurker]

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@Credit-hoarder wrote:

 Long story short--When they finally went out of business in 2020--the card and the $24.5k CL I had went with it. One of the saddest days of my life. 

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That sounds like a good life then!  Losing a large CL (e.g when Amex closed my $50K card) doesn't make it to the top 20 of mine.

[MJ-san]

Sorry to be bearer of bad news ... just got the email they are closing all MC and World MC accounts August 1 - charges can be made through 7/31 midnight.