Sam's to Switch to Mastercard from Discover

[daninbath]

The Sam’s Club warehouse unit also extended its agreement with General Electric Co.’s (GE) retail finance unit to provide the retailer’s store-branded cards in the U.S. and Puerto Rico, Wal-Mart, the world’s biggest retailer, said today in a statement. The Sam’s Club co-branded cards also will switch to MasterCard.

The new Sam’s Club cards will be issued to customers in June, with Wal-Mart-branded cards to follow later this summer, Brooke Buchanan, a spokeswoman for the Bentonville, Arkansas-based retailer, said in an interview.

The Wal-Mart and Sam’s Club Discover cards issued by GE will be phased out over the next year, Jon Drummond, a Discover spokesman, said in an e-mailed statement.

[Stralem]

Welp.

I guess that makes the ugly yellow Walmart Discovers an endangered species now.

But unlike with Amex's unicorn, I can't see a stay of execution happening.

[MACFRME]

I just got the Discover upgrade, and now it is being switched to Mastercard? Mmmmk.

[coldnmn]

Well at least it stayed with GECRB! But chances are new TLs! GRRR! 

[coldnmn]

This will be a disaster for people trying to raise their scores with a new TL.

[-Wade-]

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@coldnmn wrote:

This will be a disaster for people trying to raise their scores with a new TL.

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Yeah it will hurt a lot of people!!! Sorry for the people who has the card

[Ron1]

I knew it would happen. They started accepting Mastercard a few years ago. I hope it wouldn't have tier rate.

Ron.

[09Lexie]

Wonder if that's the end of the cash over purchase feature.  

[Ron1]

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@09Lexie wrote:

Wonder if that's the end of the cash over purchase feature.  

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It is Discover card's benefits.

Ron.

[09Lexie]

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@Ron1 wrote:

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@09Lexie wrote:

Wonder if that's the end of the cash over purchase feature.  

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It is Discover card's benefits.

Ron.

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That's what I was thinking.  I know they add a new TL with the upgrades but changing their issuer should keep the opening dates.