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Capital One acquiring BJ’s card too?

Hex
Established Contributor

Capital One acquiring BJ’s card too?

Looks like Capital One is taking over another one. Get your limits up now before it's too late.  

https://www.pymnts.com/legal/2022/bjs-wholesale-club-ditches-ads-moves-credit-cards-to-capital-one/a...

Message 1 of 6
5 REPLIES 5
SUPERSQUID
Established Contributor

Re: Capital One acquiring BJ’s card too,


@Hex wrote:

Looks like Capital One is taking over another one. Get your limits up now before it's too late.  

https://www.pymnts.com/legal/2022/bjs-wholesale-club-ditches-ads-moves-credit-cards-to-capital-one/a...


Cap 1 has been very generous with me via the kohls card. 300 - 1500 in 14 months. I guess it depends on the card.

{ BK7 DC 12/2019 } target 700/ kohls 1500/ discover 3k /mercury 3350 /ollo 600 /mission lane 1050/ ikea 750/ firestone 2800 /legacy 2000 /first savings bank cc 2000/ cap1 QS 2k/ cap 1 savor one 3100 /comenity rewards mc 1k, Penfed PCR 7.5k, NFCU >cash rewards 9700

>/ nfcu platinum 1k, BABY NEEDS NEW SHOES !!!!!
Message 2 of 6
K-in-Boston
Moderator

Re: Capital One acquiring BJ’s card too,

Interesting.  Comenity certainly hasn't communicated this to their cardholders.  Mine appears to have been capped out at $30,000 as the last time I asked for a CLI they only added $200 to the $29,800 limit, and previously the CLIs were quite generous.

 

I'm very surprised they are reporting over 1 million active cards, though, as that is a staggering 20% of their membership.  Their footprint is significantly smaller than Costco or Sam's Club.

 

One potential annoyance about this is that historically when CapOne acquires accounts, the original account is listed as closed and then a new account is added to credit reports (retaining original opening date).  Another concern is that the very generous balance transfer offers Comenity has periodically offered (like 1 or 2% fee and 0% APR) are unlikely to continue on a cobranded CapOne card.

 

Hopefully like the Walmart cards, these cards will transfer to the main CapOne accounts servicing page (like their non-cobranded cards) and not be archaic like Kohl's as an example of some of their lackluster store card interfaces.

Message 3 of 6
Cory88
Frequent Contributor

Re: Capital One acquiring BJ’s card too,


@K-in-Boston wrote:

Interesting.  Comenity certainly hasn't communicated this to their cardholders.  Mine appears to have been capped out at $30,000 as the last time I asked for a CLI they only added $200 to the $29,800 limit, and previously the CLIs were quite generous.

 

I'm very surprised they are reporting over 1 million active cards, though, as that is a staggering 20% of their membership.  Their footprint is significantly smaller than Costco or Sam's Club.

 

One potential annoyance about this is that historically when CapOne acquires accounts, the original account is listed as closed and then a new account is added to credit reports (retaining original opening date).  Another concern is that the very generous balance transfer offers Comenity has periodically offered (like 1 or 2% fee and 0% APR) are unlikely to continue on a cobranded CapOne card.

 

Hopefully like the Walmart cards, these cards will transfer to the main CapOne accounts servicing page (like their non-cobranded cards) and not be archaic like Kohl's as an example of some of their lackluster store card interfaces.


That did not happen when my Williams Sonoma card was taken over i still only have one account that is listed as Capital One Bank NA and the same open date.

Message 4 of 6
CYBERSAM
Valued Contributor

Re: Capital One acquiring BJ’s card too,

This could be concerning! I have little over 30K with Cap1 and they have not given any CLI in past 3 years! My BJ card is 27K, hopefully they would not CLD after the acquisition!





Message 5 of 6
Cory88
Frequent Contributor

BJs to Cap 1

Does anyone know when this will happen? My mum has a Bj's card and we have not gotten anything for that yet (23 Mar 2022). We were told that if we end the membership that the rewards will still accrue but the only way we can get the money back is by a cheque. Can anyone confirm this? The reps with Comenity or B'js themselves don't have a clue what they are doing.

Message 6 of 6
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