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Walmart Cancelling Sync and going to Cap 1

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Walmart Cancelling Sync and going to Cap 1

See title and article going to Cap1 from Sync...Assume Sam Card as well?  Need to read the article as well saw the rumors a few weeks back..  Wonder what will happen to the big CL's on peoples cards stay intact or slashed and future approvals.. No more credit solutions..

 

19% of their store card portfolio that has to sting worse then the costco loss imo...  Their shares are getting hit i bet.  Yep down 10+% on market.

 

https://www.doctorofcredit.com/walmart-chooses-capital-one-as-their-new-credit-card-issuer-ends-sync...

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Message 1 of 74
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Community Leader
Super Contributor

Re: Walmart Cancelling Sync and going to Cap 1


@CreditCuriosity wrote:

See title and article going to Cap1 from Sync...Assume Sam Card as well?  Need to read the article as well saw the rumors a few weeks back..  Wonder what will happen to the big CL's on peoples cards stay intact or slashed and future approvals.. No more credit solutions..

 

https://www.doctorofcredit.com/walmart-chooses-capital-one-as-their-new-credit-card-issuer-ends-sync...


very interesting!!! Thats a big upset for Synch!! 


Scores held down by umpteen INQ & New accounts
~~~BK7 d/c-08/2013......my rebuild worked for me, but won't necessarily work for you.~~
Message 2 of 74
Community Leader
Super Contributor

Re: Walmart Cancelling Sync and going to Cap 1

Boy..that sucks! Glad I got my last CLI out the way for the Walmart card.
Hopefully it will stay intact. If not I'll cancel the account and put the spend elsewhere.
Message 3 of 74
Valued Contributor

Re: Walmart Cancelling Sync and going to Cap 1

".....No more credit solutions."

 

?????




3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>08/2019 CCT EX 829 TU 848 EQ 837
Thus will it come to pass. The Dying Leader will know the truth of the Opera House. The missing Three will give you the Five, who've come from the Home of the Thirteenth. You are the Harbinger of Death, Kara Thrace. You will lead them all to their End. End of line.
Message 4 of 74
Moderator

Re: Walmart Cancelling Sync and going to Cap 1


@Meanmchine wrote:

".....No more credit solutions."

 

?????


Meaning once it is in Cap1 hands you can't call credit solutions aka sync. and get a CLI from say a 1k cl to a 25k CL or whatever by a SP.

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | 5/3rd | Synovus | Commerce | FNBO | Union Bank | Regions
Message 5 of 74
Valued Contributor

Re: Walmart Cancelling Sync and going to Cap 1


@CreditCuriosity wrote:

@Meanmchine wrote:

".....No more credit solutions."

 

?????


Meaning once it is in Cap1 hands you can't call credit solutions aka sync. and get a CLI from say a 1k cl to a 25k CL or whatever by a SP.


Whew.  I thought you meant that CS as a whole was disappearing




3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>08/2019 CCT EX 829 TU 848 EQ 837
Thus will it come to pass. The Dying Leader will know the truth of the Opera House. The missing Three will give you the Five, who've come from the Home of the Thirteenth. You are the Harbinger of Death, Kara Thrace. You will lead them all to their End. End of line.
Message 6 of 74
Community Leader
Super Contributor

Re: Walmart Cancelling Sync and going to Cap 1

The only thing positive about the situation is, it lowers my exposure with Synchrony. Which allows me to grab another one of their partners cards in the future.😋
Message 7 of 74
Moderator

Re: Walmart Cancelling Sync and going to Cap 1


@Gmood1 wrote:
The only thing positive about the situation is, it lowers my exposure with Synchrony. Which allows me to grab another one of their partners cards in the future.😋

Dang and i was thinking of getting the Walmart card for the free 2 liter soda lol..  

 

Don't set foot in a walmart unless i am desperate for a cord or something can't stand them or target, etc...  I am also a costco person vs. a sams club person.. If they loose Sams as well which is probable since same company oh that is going to really hurt sync in the short term.  Granted they picked up paypal credit so meh.

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | 5/3rd | Synovus | Commerce | FNBO | Union Bank | Regions
Message 8 of 74
Moderator

Re: Walmart Cancelling Sync and going to Cap 1

I can't imagine them separating out the Sam's Club cards (MC and PLCC) so I suspect they will go to Capital One as well; I agree it will be interesting to see what happens to those of us with "big" limits. 

 

In the weeks leading up to the transition they will need to call in overtime for the overseas Credit Solutions call center!  Smiley Surprised

 

thingphone.gif

Message 9 of 74
Valued Contributor

Re: Walmart Cancelling Sync and going to Cap 1


@Gmood1 wrote:
The only thing positive about the situation is, it lowers my exposure with Synchrony. Which allows me to grab another one of their partners cards in the future.😋

+1

I too have been closing Synchrony accounts to lower my exposure

I never could axe Walmart or SamsClub on my own.  Maybe a Marvel App in the future is a possibility now

 

 

 

 




3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>08/2019 CCT EX 829 TU 848 EQ 837
Thus will it come to pass. The Dying Leader will know the truth of the Opera House. The missing Three will give you the Five, who've come from the Home of the Thirteenth. You are the Harbinger of Death, Kara Thrace. You will lead them all to their End. End of line.
Message 10 of 74
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