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New Walmart Credit Partner

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Valued Contributor

Re: New Walmart Credit Partner

No letter for me yet either. A CLI to thank me for "staying" isn't really needed in my case, I barely use the $10K limit I have. 

what I'm most interestd in is something that I read somehwre else, that Cap1 will reage the account to the date they took over instead of keeping the original opening date? If true it will be yet another reason for closing, and probably before the switch ion this case. 

 

Also, I haven't seen any coupons for the 6-12 month 0% interest lately. So I had wondered if this was due to it switching over. I had wanted to make a $1K purchase for the 0%, but looks like that's no longer a thing. Wondering if anyone else noticed the same?

If Cap1 doesn't offer these types of promos going forward, then I simply don't see a need to keep this card anymore.

 

While I don't really like losing a $10 CL, I have received a couple CLIs recently that will essentiually make up for that loss.

Message 61 of 248
Regular Contributor

Re: New Walmart Credit Partner

My account will not be reaged but instead keep my opening date. So you should call and double check.
Message 62 of 248
Frequent Contributor

Re: New Walmart Credit Partner


@IrishGuy77 wrote:

Heads up,

 

I got a letter in mail saying my account will be switched over to Cap One starting July 20, 2019 and they were nice enough give me $1500 CLI as saying thanks for being value customer. Hey better than nothing.

 

Anyone get something like this?


is yours the store card or maxtercard?

bb&t cash rewards, 8k balance3.4k k
bb&t bright 8k balance 5.9 k mostly balance transfers
cap 1 qs1 500 balance 0
first premier 400 balance 0
credit one 450 balance 0
jared/genisis 300 balance 0
target 300 balancE 0
AOAA ONLY 7 MONTHS OLDEST ACC 16MONTHS
INQS EQ 25 TU 25 EX 15
FICO 08 EQ 677 TU 689 EX 6877
FICO 09 EQ 690 TU 673 EX 690
MORTGAGES EQ 683 TU 684 EX 704
NO NEGATIVES
FUTURE GOAL CARDS , SAVOR . FREEDOM AND DISCOVER


ALL FILES ARE CURRENTLY FROZEN
Message 63 of 248
Contributor

Re: New Walmart Credit Partner


@Janus wrote:

No letter for me yet either. A CLI to thank me for "staying" isn't really needed in my case, I barely use the $10K limit I have. 

what I'm most interestd in is something that I read somehwre else, that Cap1 will reage the account to the date they took over instead of keeping the original opening date? If true it will be yet another reason for closing, and probably before the switch ion this case. 

 

Also, I haven't seen any coupons for the 6-12 month 0% interest lately. So I had wondered if this was due to it switching over. I had wanted to make a $1K purchase for the 0%, but looks like that's no longer a thing. Wondering if anyone else noticed the same?

If Cap1 doesn't offer these types of promos going forward, then I simply don't see a need to keep this card anymore.

 

While I don't really like losing a $10 CL, I have received a couple CLIs recently that will essentiually make up for that loss.


At one time you didn't need to have a copy of the coupon for the special financing with you because the cashiers at the store could just scan one they keep in the check-out stations if you asked for it.

Message 64 of 248
Senior Contributor

Re: New Walmart Credit Partner


@Janus wrote:

No letter for me yet either. A CLI to thank me for "staying" isn't really needed in my case, I barely use the $10K limit I have. 

what I'm most interestd in is something that I read somehwre else, that Cap1 will reage the account to the date they took over instead of keeping the original opening date? If true it will be yet another reason for closing, and probably before the switch ion this case. 

 

Also, I haven't seen any coupons for the 6-12 month 0% interest lately. So I had wondered if this was due to it switching over. I had wanted to make a $1K purchase for the 0%, but looks like that's no longer a thing. Wondering if anyone else noticed the same?

If Cap1 doesn't offer these types of promos going forward, then I simply don't see a need to keep this card anymore.

 

While I don't really like losing a $10 CL, I have received a couple CLIs recently that will essentiually make up for that loss.


I've had the Walmart store card since 2012 and have never used the 6-12 months 0%. What can you buy at Walmart for $1k??? They sell TVs and that's about it. And I was actually on the market for a TV last year, I wanted a 65" 4k TV and looked at Walmart, but the killer for me is sales tax. I normally don't mind paying taxes to support local schools & law enforcement, but in Arizona the state sales is 5.6% but the counties & cities can add their own sales tax and in the small city where my Walmart the sales tax is a crazy 9.5%. The TV I wanted was $1100 and sorry, I am not paying $100+ in sales tax for a TV, I bought it online with no sales tx & free shipping.

 

MY CL is also $10k and would hate to lose it, but I'm thinking of closing it before Cap One takes over. I only spend a couple hundred per month and a good chunk of that is cash back, and Cap One is much less accommodating for large CLs without the spend to justify it than Synchrony. I have a $15k CL on Lowes, and in the last year I've bought a garden hose and a house plant.


Fico 08: 734/716/734 TU/EX/EQ
Message 65 of 248
Community Leader
Mega Contributor

Re: New Walmart Credit Partner

@DaveInAZ  I would not close it quite yet. Usually they leave $10K cards alone, and while getting CLI without serious usage probably wont be possible, I dont see them doing CLDs, at least not at first. 

 

If they are keeping the original open date, I'd wait to see what happens and what kind of changes Cap One makes. 

It really cannot be worse than Synch's version Smiley Frustrated 

EX 754 EQ 774 TU 752


Message 66 of 248
Moderator

Re: New Walmart Credit Partner

Agree with the above. From previous Capital One portfolio acquisitions (Cabela's, Bass Pro Club, etc.), the original open date of the tradeline remains the same and same thing regarding CLs.

There could be circumstances in which I'm sure they could CLD, but we're talking drastic changes to an individual's profile during the final phases of transition.
Message 67 of 248
Moderator Emeritus

Re: New Walmart Credit Partner

In remembering back to around 2009 when Capital 1 took over HSBC and several other lender accounts (I had eight accounts due to mergers and acquisitions). All accounts kept their original credit bureau information except the bank name which was changed to read Capital One. In fact, the accounts still appearing on my credit reports today have kept all original information and opening dates. Smiley Happy

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Message 68 of 248
Moderator

Re: New Walmart Credit Partner

Was on the Walmart card site a few mins ago and saw this

 

"As of 6/25, Special Financing offers and in-store credit applications will no longer be available."

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 69 of 248
Valued Contributor

Re: New Walmart Credit Partner


@DaveInAZ wrote:

@Janus wrote:

No letter for me yet either. A CLI to thank me for "staying" isn't really needed in my case, I barely use the $10K limit I have. 

what I'm most interestd in is something that I read somehwre else, that Cap1 will reage the account to the date they took over instead of keeping the original opening date? If true it will be yet another reason for closing, and probably before the switch ion this case. 

 

Also, I haven't seen any coupons for the 6-12 month 0% interest lately. So I had wondered if this was due to it switching over. I had wanted to make a $1K purchase for the 0%, but looks like that's no longer a thing. Wondering if anyone else noticed the same?

If Cap1 doesn't offer these types of promos going forward, then I simply don't see a need to keep this card anymore.

 

While I don't really like losing a $10 CL, I have received a couple CLIs recently that will essentiually make up for that loss.


I've had the Walmart store card since 2012 and have never used the 6-12 months 0%. What can you buy at Walmart for $1k??? They sell TVs and that's about it. And I was actually on the market for a TV last year, I wanted a 65" 4k TV and looked at Walmart, but the killer for me is sales tax. I normally don't mind paying taxes to support local schools & law enforcement, but in Arizona the state sales is 5.6% but the counties & cities can add their own sales tax and in the small city where my Walmart the sales tax is a crazy 9.5%. The TV I wanted was $1100 and sorry, I am not paying $100+ in sales tax for a TV, I bought it online with no sales tx & free shipping.

 

MY CL is also $10k and would hate to lose it, but I'm thinking of closing it before Cap One takes over. I only spend a couple hundred per month and a good chunk of that is cash back, and Cap One is much less accommodating for large CLs without the spend to justify it than Synchrony. I have a $15k CL on Lowes, and in the last year I've bought a garden hose and a house plant.


Just so you know, you are suppose to pay your local sales tax regardless of where you buy your products.  Smiley Happy

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Message 70 of 248
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