Target MC

[Skye12329]

So currently i have their store CC. If i read correctly and would like someone to correct me if im wrong, but it sounds like all of their cards (debit, store, visa) are going to MC? 

Will this also create a new TL? Or would it just be the same account because i dont want my AAOA to take a hit because target decided to basically do what BBY did with CITI/Cap1

[BearsAndTurtlesRtheBest]

It will also come with chip-and-pin!

[SunriseEarth]

AFAIK, only the existing Visa cards will become actual Mastercards. Hopefully they initiate a plan to upgrade to a cobranded CC in the future.

[Skye12329]

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@SunriseEarth wrote:
AFAIK, only the existing Visa cards will become actual Mastercards. Hopefully they initiate a plan to upgrade to a cobranded CC in the future.

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Alright, i would prefer if my card stayed store card, but in the even it does goto MC. WIll this show up as a new tradeline and my old tradeline closed? 

[SunriseEarth]

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@Skye12329 wrote:

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@SunriseEarth wrote:
AFAIK, only the existing Visa cards will become actual Mastercards. Hopefully they initiate a plan to upgrade to a cobranded CC in the future.

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Alright, i would prefer if my card stayed store card, but in the even it does goto MC. WIll this show up as a new tradeline and my old tradeline closed? 

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It varies by lender.  GECRB cards will open a new TL for the upgrade and close the old store card.  Nordstrom would retain the history and just update how the TL reports.   Macys/Bloomingdales opens the AMEX upgrade as a separate TL, but IIRC, it uses your original account opening date.   As for what TD Bank would do in the event that they decide to allow upgrades from store cards to Mastercards, it's entirely speculation.

[09Lexie]

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@SunriseEarth wrote:

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@Skye12329 wrote:

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@SunriseEarth wrote:
AFAIK, only the existing Visa cards will become actual Mastercards. Hopefully they initiate a plan to upgrade to a cobranded CC in the future.

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Alright, i would prefer if my card stayed store card, but in the even it does goto MC. WIll this show up as a new tradeline and my old tradeline closed? 

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It varies by lender.  GECRB cards will open a new TL for the upgrade and close the old store card.  Nordstrom would retain the history and just update how the TL reports.   Macys/Bloomingdales opens the AMEX upgrade as a separate TL, but IIRC, it uses your original account opening date.   As for what TD Bank would do in the event that they decide to allow upgrades from store cards to Mastercards, it's entirely speculation.

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Separate TL and new date. 

[SunriseEarth]

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@09Lexie wrote:

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@SunriseEarth wrote:

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@Skye12329 wrote:

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@SunriseEarth wrote:
AFAIK, only the existing Visa cards will become actual Mastercards. Hopefully they initiate a plan to upgrade to a cobranded CC in the future.

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Alright, i would prefer if my card stayed store card, but in the even it does goto MC. WIll this show up as a new tradeline and my old tradeline closed? 

---

It varies by lender.  GECRB cards will open a new TL for the upgrade and close the old store card.  Nordstrom would retain the history and just update how the TL reports.   Macys/Bloomingdales opens the AMEX upgrade as a separate TL, but IIRC, it uses your original account opening date.   As for what TD Bank would do in the event that they decide to allow upgrades from store cards to Mastercards, it's entirely speculation.

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Separate TL and new date. 

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I clearly didn't recall correctly.   LOL.  

[TRC_WA]

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@Skye12329 wrote:

Will this also create a new TL? Or would it just be the same account because i dont want my AAOA to take a hit because target decided to basically do what BBY did with CITI/Cap1

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Yeah that happened to me.  One month after I opened account they switched to Citi...  That one month reporting CapOne/BBY account on my reports is so annoying.

[trumpet-205]

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@SunriseEarth wrote:
AFAIK, only the existing Visa cards will become actual Mastercards. Hopefully they initiate a plan to upgrade to a cobranded CC in the future.

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Wrong. All card, even Target debit card, goes to MasterCard.

http://newsroom.mastercard.com/news-briefs/target-selects-mastercard-and-emv-for-card-security/

[SunriseEarth]

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@trumpet-205 wrote:

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@SunriseEarth wrote:
AFAIK, only the existing Visa cards will become actual Mastercards. Hopefully they initiate a plan to upgrade to a cobranded CC in the future.

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Wrong. All card, even Target debit card, goes to MasterCard.

http://newsroom.mastercard.com/news-briefs/target-selects-mastercard-and-emv-for-card-security/

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You might want to re-read that article.  The second paragraph states:

Target and MasterCard today announced a new chip-card initiative to further enhance payment security for shoppers by:

• Reissuing all existing co-brand cards as MasterCard co-branded cards [emphasis added] with chip-and-PIN solutions in 2015; and
• Enabling the REDcard portfolio, including all Target-branded credit and debit cards, with MasterCard’s chip-and-PIN solutions beginning in early 2015.