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Comenity shutting down Wayfair Credit Card

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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:

@the_old_curmudgeon 

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





Moving away from big banks and building my credit union relationships
Message 71 of 511
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Established Contributor

Re: Comenity shutting down Wayfair Credit Card


@GApeachy wrote:

@the_old_curmudgeon 

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


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

 

AOD FCU VS. BBVA CP. Cap One: QS, SavorOne, VentureOne, Walmart. Discover it CB. DSNB: Bloomies Amex, Macy's Amex. NFCU: cR VS, Plat MC, Plat Visa, CLOC. SECU MD VS. Sync: Amazon, eBay MC, Lowe's, PP MC, PPC. WF Propel Amex. Misc: Overstock, Target.
Last 6 mos added a few deposit accounts. Ongoing: SP CLI's. Next: Combine and/or close 2-3 accts by eoy. Goal for 2021: PLOCs! And hopefully adding a few business accounts.

[06/20] Scores: 700s. Util: 3-5%. Inq: TU 9, EX 7, EQ 11. AAoA=6y9m, AoOA=33y0m, AoYA=1m.
$200k GOAL Met !! TCL=$250k. Extend thru CLI's over 1-2yrs: 250-300k.

Message 72 of 511
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Epic Contributor

Re: Comenity shutting down Wayfair Credit Card


@GApeachy wrote:

@the_old_curmudgeon 

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 511
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Community Leader
Senior Contributor

Re: Comenity shutting down Wayfair Credit Card

Probably.



Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | PenFed PCR | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | 2017 Audi A6 Prestige S-Line





TCL $93,100 | Agg. Util under 5%
Message 74 of 511
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Epic Contributor

Re: Comenity shutting down Wayfair Credit Card


@ImTheDevil wrote:

Probably.


"IF" so, my sincere condolencesSmiley Sad
 

Message 75 of 511
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Community Leader
Super 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 511
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Community Leader
Valued 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.

 

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Message 77 of 511
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Senior 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 511
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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 511
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Established Contributor

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 511
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