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PC from Sears' Shop Your Way MC to either Costco or Home Depot?

corpcrmgr
Valued Contributor

Re: PC from Sears' Shop Your Way MC to either Costco or Home Depot?

The Sears CC would probably just be terminated. I had a Commenity Fuels Reward card (Shell gas card) which was terminated about three years ago. No replacement card was offered. There were a lot of us that had a Synchrony WM card. I wasn't offered a replacement card from Synchrony. I did get a Capital One WM card.

Message 11 of 12
coldfusion
Community Leader
Super Contributor

Re: PC from Sears' Shop Your Way MC to either Costco or Home Depot?


@corpcrmgr wrote:

The Sears CC would probably just be terminated. I had a Commenity Fuels Reward card (Shell gas card) which was terminated about three years ago. No replacement card was offered. There were a lot of us that had a Synchrony WM card. I wasn't offered a replacement card from Synchrony. I did get a Capital One WM card.


Comenity is exclusively and Synchrony nearly exclusively an issuer of co-branded cards, whereas Citi has a complete portfolio of their own core cards managed by a separate business group within the corporation. Apples and oranges. 

 

My suspicion is that the most likely outcome would be that Citi would cherry-pick cardholders (for example those who hold a Sears co-branded World Mastercard) and offer them a Rewards+ card; other cardholders would either have their accounts terminated or the portfolio sold off to a secondary issuer like Mercury who would then issue their own card. 



(4/2021)
FICO 8 (EX) 815 (TU) 822 (EQ) 808
FICO 9 (EX) 827 (TU) 826 (EQ) 832

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Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 12 of 12
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