@pipeguy wrote:
@gardini51 wrote:
@Anonymous wrote:
Hello friends!
I received a letter today stating they are upgrading my Walmart StoreCard to the Mastercard version. Says it will happen in April - wondering if Synch is going to start doing this to all of their "store" card offerings eventually?
Had an upgrade happen to my PayPal Connect account to their MC version a few months ago.
Is it happnening automatically? That seems weird, since it will report your old card as closed and the new MC will be a brand new credit line.
Yes it's happening automatically. BTW, every time I've had a card replaced, say by the takeover of a different lender (issuer/backer) or "upgraded" to a bank card or say be converted to a new version (say to a Signature or Freedom to Freedom Unlimited) the account has NOT reported as a new account. It;s reported but not like a new card/account. .
I "upgraded" my walmart card about 5 years ago when it was still the discover and it closed out the old one and reported a brand new trade line. Every other person I have seen that has upgraded from the walmart store card to the old discover or newer mastercard has also reported that it is a brand new trade line on their reports.
