I got the message from them about switching to Synchrony. No new accounts, no hit to AAoA. They specifically say that there will not be an affect to Credit Scores.
- Will the name change impact my credit score?
No, the name change won’t impact your credit score. Your account number will stay the same, so you can continue using the card as you usually do.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
@chan85 wrote:
@Shogun wrote:I got the message from them about switching to Synchrony. No new accounts, no hit to AAoA. They specifically say that there will not be an affect to Credit Scores.
- Will the name change impact my credit score?
No, the name change won’t impact your credit score. Your account number will stay the same, so you can continue using the card as you usually do.
Is that why the card is switching to Mastercard? I wasn't aware that the Synchrony name change for all GECB cards had anything to do with this?
Actually there are a couple issues here. First off, Discover is pulling the co-branding, so that's why the Discover is changing to MC. Secondly, GECB is branching their banking into it's own entity, that's why it's to be Synchrony now. We all know that when upgrading from the Walmart card to the Discover Walmart card, it was a new account and that hit the AAoA. We were concerned about if it switches from Discover to MC that they would follow that same path. However, they state they are not.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
The name change from GEMB to GECRB to its new name shouldn't cause alarm for anyone - other banks have done this over the years, such as when MBNA became BoA/FIA. Or when Comenity became the new name for World Financial Network National Bank (WFNNB); the name changed on the existing accounts, retaining the same AAoA. We might see a hiccup from a credit monitoring service that sees the new name, but on the actual report/disclosure the old name will simply be replaced with the new. AAMOF, I had a Pier1 account that went through a few different hands after I closed it, and it currently says "Chase" on it. 
The situation with Capital One selling off the HSBC accounts is interesting, but in some cases may be beneficial since the "CITI" line on the report has the combind AAoA from the accounts original opening date.
The change from Discover to Mastercard is one we have yet to see how it will affect everyone. They could simply update the account number, much like renaming the bank name, in which case the AAoA at all. I have seen some lenders "close" one entry on the CR and then "open" another entry for even a lost or stolen credit card, which is one of the reasons I don't think the TD First Class Visa is truly "first class".
@Sunshinebiz wrote:So are the walmart store cards converting to MC's as well or only the co-branded discover cards? Sorry, I may be out of the news on this one. Thanks for the info
The backer, GE is switching to Synchrony. Their Discover cards are switching to Mastercards. The store cards will still be store cards, just under Synchrony vs GECRB.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
