@GZG wrote:
going to be sad if this design is just placeholder or only limited to walmart PC's
My guess it that this design is for Walmart inductees that may have higher APR attached than the current highest APR offered on any of the non co-branded Capital One cards which is 29.99%.
Capital One now has an 8.5 to 9.5 Billion dollar debt portfolio -AKA Walmart MC- to try to mitigate massive losses as much as possible.
If I were them I could see myself doing everything I have seen them do so far. Making a separate Quicksilver credit card with higher potential APR then the other retail Quicksilvers to transfer the higher APR Walmart MC portfolio makes complete sense to me. I could also see myself quietly closing something like the Savor card to help reign in losses in the short-medium term.
Just my observations and opinions of the train-wreck I see Capital One is dealing with.
C1 seems to be stuck up on its hubris as a whole. It doesn't help that, the with a that chunk amount of portfolio debt that they currently harbored on for a good while. Could be that they unable to recoup the amount of losses that they encountered over the five year period since after WM and Sync parted ways. They seem adamant on hoping from when they acquired Discover to go after anything beneficial to them than to others.
@Anonymous wrote:
@GZG wrote:
going to be sad if this design is just placeholder or only limited to walmart PC's
My guess it that this design is for Walmart inductees that may have higher APR attached than the current highest APR offered on any of the non co-branded Capital One cards which is 29.99%.
Capital One now has an 8.5 to 9.5 Billion dollar debt portfolio -AKA Walmart MC- to try to mitigate massive losses as much as possible.
If I were them I could see myself doing everything I have seen them do so far. Making a separate Quicksilver credit card with higher potential APR then the other retail Quicksilvers to transfer the higher APR Walmart MC portfolio makes complete sense to me. I could also see myself quietly closing something like the Savor card to help reign in losses in the short-medium term.
Just my observations and opinions of the train-wreck I see Capital One is dealing with.
@rgninja wrote:
@DanteJuan95 wrote:
@chhull00 wrote:Looks like i will be canceling that then, dont like capital one in first place only reason i had one was because Walmat switched before.
Just be lucky that you still managed to have a good amount of limit so far for a walmart card, which others including me, don't have.
With all of the $300 limits CapOne handed out on these cards, I wonder if they will ever see any type of cli or will they be stuck with maybe a $100 cli once in a blue moon?
C1 usually does an auto CLI for cards like this when they're converted to QuickSilver. Then some years go by and you may get more, but if your credit is decent it's better to apply for a new "QuickSilver for Excellent Credit" with $200 SUB and lower interest if one shows up on the preapproval tool. They usually come with a much bigger limit that way.
Like $10,000. Not some $300-500 teenager limit.
Interesting DP -
Our WM store cards are set to expire 9/24. Just got an email from C1 saying that "A Walmart Rewards Card for <me> is going to expire soon, so we just sent a new card to replace it. Here’s what you need to know:" However, I've received no correspondence about the conversion to QS.
Wonder why they would send me a replacement card for a card that expires after the conversion date??
Judging by the look of the emails, they're sending us. Do you guys think the luck that the Quicksilver card is changing for all or do you think the new design in the picture will be only a quick silver design for people that were transferred over from the Walmart accounts?
The design might be the same as a regular QS that everyone manual acquires. Judging by the features, such as the CB points with nothing else to offer. I can't see any different besides a placeholder image that supposed to look any different than the rest.
@zuma1 wrote:Judging by the look of the emails, they're sending us. Do you guys think the luck that the Quicksilver card is changing for all or do you think the new design in the picture will be only a quick silver design for people that were transferred over from the Walmart accounts?
I just received a notice in the mail today about the card changes about replacing WMRC for QS, so mines won't come into effect after October 31st. So it leaves me with a good amount of time to take advantage before all of that (2% in-store; 5% WM Pay/WM online) hits the trash bin.
I have the MC, and my SO has the closed loop store card. I did ask about that one when I called Cap1 and they told me store cards will switch to QS too! We each have2 already so I wish they would have did a different one but I'm ok with it, for now.