cancel
Showing results for 
Search instead for 
Did you mean: 

Comenity shutting down Wayfair Credit Card

rgninja
Regular Contributor

Re: Comenity shutting down Wayfair Credit Card

Thank you for taking the time to call them. I guess I will wait to see who the new bank will be 

 


@GApeachy wrote:

@coldfusion 

New bank Sept 1st!   That's all they can say. 





Moving away from big banks and building my credit union relationships
Message 71 of 582
ocheosa
Established Contributor

Re: Comenity shutting down Wayfair Credit Card


@GApeachy wrote:

@coldfusion 

New bank Sept 1st!   That's all they can say. 


Well that's certainly great news for all the accountholders ! 

 

Affinity FCU: Cash Rewards VS, PLOC. AOD FCU VS. BB&T Bright. BBVA: ClearPoints (x2), Rewards VS. Cap One: QS MC, QS Visa, SavorOne, Walmart. Discover it CB. DSNB: Bloomies Amex, Macy's Amex. NFCU: cashRewards VS, Plat MC, Plat Visa, CLOC. SECU MD VS. WF Propel Amex. Misc: Overstock, Target. Ongoing: SP CLI's.
Business: Staples Commercial LOC. (My first bus acct !!)

[3/21] Scores 8/9: 700-800s. Util: 1-2%. Inq/12: EQ 6, EX 6, TU 2. AAoA=5y, AoOA=33y9m, AoYA=3m.
TCL=$286K. 2021 GOAL: Garden til 1/2022.
Message 72 of 582
M_Smart007
Epic Contributor

Re: Comenity shutting down Wayfair Credit Card


@GApeachy wrote:

@coldfusion 

New bank Sept 1st!   That's all they can say. 


I wonder if you get the good old closed old acct. and new acct. ding //

Like the famous Sync to Capital One Walmart card

 

Message 73 of 582
ImTheDevil
Community Leader
Super Contributor

Re: Comenity shutting down Wayfair Credit Card

Probably.



Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | PenFed PCR | Navy cashRewards | Navy Platinum | Apple | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 74 of 582
M_Smart007
Epic Contributor

Re: Comenity shutting down Wayfair Credit Card


@ImTheDevil wrote:

Probably.


"IF" so, my sincere condolencesSmiley Sad
 

Message 75 of 582
Brian_Earl_Spilner
Community Leader
Mega Contributor

Re: Comenity shutting down Wayfair Credit Card

From Comenity's message, it doesn't appear that the portfolio is being sold. They specifically state that you'll be able to continue to log in and make payments after the shutdown date.

 

I hope I don't have to reapply for a new card.




Message 76 of 582
blindambition
Community Leader
Senior Contributor

Re: Comenity shutting down Wayfair Credit Card


@Brian_Earl_Spilner wrote:

From Comenity's message, it doesn't appear that the portfolio is being sold. They specifically state that you'll be able to continue to log in and make payments after the shutdown date.

 

I hope I don't have to reapply for a new card.


that's what I got from message as well. Like you, there will be some who won't want to reapply. Mortgage, HP, or just don't want to bother.

Some may no longer have score or profile to support app. From a corporate standpoint, this wasn't thought out.

 

Message 77 of 582
GApeachy
Super Contributor

Re: Comenity shutting down Wayfair Credit Card


@Brian_Earl_Spilner wrote:

 

I hope I don't have to reapply for a new card.


The CSR did check with his manager before I relayed this lil tidbit. 

According to a manager at Wayfair we will not need to reapply.  He seems to think we will keep our current cl's too.  He said we should be receiving correspondence sometime between now and Sept 1st. from the new bank.  The info. is limited.

 

 

"My Take Home Pay Don't Take Me Home"
Message 78 of 582
M_Smart007
Epic Contributor

Re: Comenity shutting down Wayfair Credit Card


@blindambition wrote:

@Brian_Earl_Spilner wrote:

From Comenity's message, it doesn't appear that the portfolio is being sold. They specifically state that you'll be able to continue to log in and make payments after the shutdown date.

 

I hope I don't have to reapply for a new card.


that's what I got from message as well. Like you, there will be some who won't want to reapply. Mortgage, HP, or just don't want to bother.

Some may no longer have sore or profile to support app. From a corporate standpoint, this wasn't thought out.

 


It will definitely be interesting to watch it unfold. Too many things are being kept "Secret"

Message 79 of 582
Anonymous
Not applicable

Re: Comenity shutting down Wayfair Credit Card


@M_Smart007 wrote:

@blindambition wrote:

@Brian_Earl_Spilner wrote:

It will definitely be interesting to watch it unfold. Too many things are being kept "Secret"


Hopefully the Angel card is not next.

Message 80 of 582
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.