Converting Cards from Store to Bank (Walmart, Loft ??)

[reneasworld]

I saw that some people have received a Walmart Credit Card and later received a Mastercard or Discover. I have also been offered to change my Loft card to a major card. I am considering taking the inquiry hit just to convert the store card to bank cards. Any suggestions and do they usually convert a new account or should I wait?

[Creditaddict]

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@reneasworld wrote:

I saw that some people have received a Walmart Credit Card and later received a Mastercard or Discover. I have also been offered to change my Loft card to a major card. I am considering taking the inquiry hit just to convert the store card to bank cards. Any suggestions and do they usually convert a new account or should I wait?

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if they offer you the upgrade it won't be an INQ but it will be a new account reporting.

Id wait for the offer.

[coldnmn]

Converting Walmart from store card to Mastercard is by invitation only. If you try they will tell you to reapply. At least that has been the history I have read here so far.

[CreditUnionFan]

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@reneasworld wrote:

I saw that some people have received a Walmart Credit Card and later received a Mastercard or Discover. I have also been offered to change my Loft card to a major card. I am considering taking the inquiry hit just to convert the store card to bank cards. Any suggestions and do they usually convert a new account or should I wait?

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GE/SYNC offers an upgrade when they want, and while you can reapply for a new account, there's no guarantees, and you'd take a HP (or a few HPs) to find out.

I happened to get solicited for an upgrade on my TJX card, but declined the upgrade because I didn't need another MC, so I thought it best to keep the AAoA for the old account. (oh, and it is part of the "mix" that FICO supposedly likes)

If GE/SYNC likes you, and you don't want to wait, why not find one of their cards that are only available as MC/Visa, like the Ebates Visa?

If you're a Sams member, you could apply for their MC. There is room in my wallet for both because of the unique perks at each respective store.

[FinStar]

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@coldnmn wrote:

Converting Walmart from store card to Mastercard is by invitation only. If you try they will tell you to reapply. At least that has been the history I have read here so far.

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+1

Synchrony CC's are all by invitation only if you currently have their store card version.

[reneasworld]

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@CreditUnionFan wrote:

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@reneasworld wrote:

I saw that some people have received a Walmart Credit Card and later received a Mastercard or Discover. I have also been offered to change my Loft card to a major card. I am considering taking the inquiry hit just to convert the store card to bank cards. Any suggestions and do they usually convert a new account or should I wait?

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GE/SYNC offers an upgrade when they want, and while you can reapply for a new account, there's no guarantees, and you'd take a HP (or a few HPs) to find out.

I happened to get solicited for an upgrade on my TJX card, but declined the upgrade because I didn't need another MC, so I thought it best to keep the AAoA for the old account. (oh, and it is part of the "mix" that FICO supposedly likes)

If GE/SYNC likes you, and you don't want to wait, why not find one of their cards that are only available as MC/Visa, like the Ebates Visa?

If you're a Sams member, you could apply for their MC. There is room in my wallet for both because of the unique perks at each respective store.

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Thanks for the info. I have seen people list the Ebates Visa but do not know much about it? I will search for more info on it or what is the quick breakdown?

[coldnmn]

This may help.

http://www.ebates.com/credit-card.htm

[CreditUnionFan]

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@coldnmn wrote:

This may help.

http://www.ebates.com/credit-card.htm

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I realized after posting that, that for the next few months there are the 5% cash back promotion through Discover, but since Discover caps out at $1500, the Ebates card may still be useful.