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Alright. I got a bit startled there. Hopefully this will not affect CLIs in the future. I only just got cards with them.
Something tells me the big credit line increases will start to change. Everybody better get all they can between now and December lol.
@ayles wrote:
Got a notification with my Old Navy statement that GECRB will be changing their name to Synchrony Bank [SYNCB].
Random, no?!
Oh well maybe their clis and customer service will synchronize better with their clients needs bahahaha
Yeah I doubt it. Need a CLI? Give us 4 months (years) to synchronize your account. ;p
I just saw this buried in my JCP statement:
Please Note: Soon, GE Capital Retail Bank ("GECRB") will be changing its name to Synchrony Bank (SYNCB). During the
transition you may see communications with either name. For more information please visit gecrb.com/synchronybank
I found this article on Forbes and it had a paragraph on GE. See below.
"As for General Electric, it did not wait long to deal with the Financial Stability Board’s designation of GE Capital, (formerly GE Credit), its huge financial services unit, as a systemically risky enterprise. GE has filed to take GE Capital public in an IPO, changing its name to Synchrony Financial. Then in 2015 GE will spin off the remaining 80% of Synchrony Financial to its own shareholders, thereby divesting itself the potential systemic risk and all the headaches that would bring to the stock market’s appreciation of GE itself."
Hmmm, just logged into my Wally account to get the message GE Bank is changing to Synchrony. Just got the card recently due to everyone saying how generous GE cli's were. Sure hope it's the trend with Synchrony. The message says it's a name change only, but also says payment info will need to be updated sometime, but not now. That sound's like a little more than a name change. Guess we'll see.