Sam's to Switch to Mastercard from Discover

[14Fiesta]

Not only will you possibly lose the cash over at checkout feature, but I have seen many people go for the Walmart Discover for the monthly FICO scores. I am guessing the new Mastercard will not do this, which makes this card useless for them.

[coldnmn]

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@14Fiesta wrote:

Not only will you possibly lose the cash over at checkout feature, but I have seen many people go for the Walmart Discover for the monthly FICO scores. I am guessing the new Mastercard will not do this, which makes this card useless for them.

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GECRB had that long before Discover.

[14Fiesta]

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@coldnmn wrote:

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@14Fiesta wrote:

Not only will you possibly lose the cash over at checkout feature, but I have seen many people go for the Walmart Discover for the monthly FICO scores. I am guessing the new Mastercard will not do this, which makes this card useless for them.

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GECRB had that long before Discover.

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Ah, was not aware of that, thanks!  

[coldnmn]

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@14Fiesta wrote:

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@coldnmn wrote:

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@14Fiesta wrote:

Not only will you possibly lose the cash over at checkout feature, but I have seen many people go for the Walmart Discover for the monthly FICO scores. I am guessing the new Mastercard will not do this, which makes this card useless for them.

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GECRB had that long before Discover.

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Ah, was not aware of that, thanks!  

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Just Walmart not Sams.

[money_talks]

SunriseEarth:

I hope not.  That would effectively render the card useless to me.

I was hoping for a Discover upgrade on my Wally, since it's the one major US card network I don't have.  Guess I'll have to go for an actual Discover

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Same here. I got the Discover upgrade 2 weeks ago. At least I will have a MC now.

[flan]

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@coldnmn wrote:

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@navigatethis12 wrote:

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@coldnmn wrote:

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But switching networks could be a game changer. It's not like changing from GECRB to Citi as an example. I can't see any other way but a new TL changing from Discover to Mastercard.

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Why would you think this? People who had a Macy's Visa kept the same history when the program was switched to American Express. I've converted two Chase cards from Visa to Mastercard and the information stayed the same on the credit report. I know these are different issuers, but changing a payment network shouldn't require a new tradeline to be reported.

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I hope your right. But I would have thought upgrading shouldn't have been a new TL but it was.

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Upgrade changes the TL from a store card to a bank card.  They're coded differently in the reporting data, so it's the correct behavior to close the old account, and open a new one.  It's much like if your car loan became a mortgage.  A card changing networks is an inconsequential change, as far as the credit bureaus are concerned. 

[SunriseEarth]

Hopefully, they do something to make it worthwhile, like a better rewards structure.  That would make the card a keeper.  

[phillyguy12]

hmmm i wonder if sams will stop accepting discover now too, i find it odd they only take mastercard and discover.

[SunriseEarth]

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@phillyguy12 wrote:

hmmm i wonder if sams will stop accepting discover now too, i find it odd they only take mastercard and discover.

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The articles I've read so far indicate that Sam's Club will continue to accept Discover.

[Kenny]

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@SunriseEarth wrote:

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@phillyguy12 wrote:

hmmm i wonder if sams will stop accepting discover now too, i find it odd they only take mastercard and discover.

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The articles I've read so far indicate that Sam's Club will continue to accept Discover.

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Glad to hear this.