Good. Hopefully it goes to someone that actually gives increases.
@Royalbacon wrote:Yeah just saw this front page on the news on my browser, crazy. They just dumped Synchrony for Capital One a few years back too. They were with Synchrony for like 20 years and Walmart alone was like 10% of Synchrony's overall portfolio. Sam's Club hit 25 y ears with Synchrony according to this press release. Sam's Club and Synchrony Extend Strategic Credit Card Program Collaboration with Multi-Year Agreemen...
Walmart Sues Capital One to End Its Credit-Card Partnership (msn.com)
Unfortunately, Capital One was consistently unable to meet the customer-service standards required by the contract,” Walmart’s lawyers said in a lawsuit filed Friday in Manhattan.
Capital One failed to meet customer care standards in at least five “critical” categories, including delivering replacement cards to customers within five days and promptly posting transaction and payment information to cardholders’ accounts, according to the lawsuit.
Hilarious because Synchrony is astronomically worse in every regard to customer service compared to Capital One. Wonder if Walmart could go back to Synchrony. Is another lender going to be inclined to give Walmart a good deal if they're the one that wants out from Capital One? Could the lawsuit make another lender hesitant to offer a contract with Walmart? I guess we'll find out. Time will tell.
@Brian_Earl_Spilner wrote:Good. Hopefully it goes to someone that actually gives increases.
I don't think 99% of the population outside of Myfico care about getting gigantic SPCLI every 90 days or 6 months. Synchrony is better then Capital One in regards too getting gigantic SP CLI on a regular basis until your card hits $25k or whatever, but in every other metric they're way worse then Capital One. I can say for sure the average person outside of Myfico doesn't have 15-30 cards and goes around obsessively asking for CLI on them all until they hit a $25k+ limit.
I'm not talking about 25k. Cap1 is just stingy, so any increase. I've gotten 1 in 3 years for a whopping 250. I'm sure that kind of tightness has not fallen on deaf ears at Walmart. People can't buy things like TVs when they're only approved for 300 and there's no growth.
If there's a chip shortage, then I'm assuming this is coming into play on getting replacement cards out in a timely manner. Cap One being one of the nations largest card issuers likely has a better tract on getting cards out as fast as possible vs. a smaller lender.
As far as payments posting, my Savor payments post to my balance and available credit as soon as I hit the "conform" button. Doesn't the same happen with their co-branded cards?
WM has burned through Synch, now looking to move on from Cap One... Comenity going to give it a shot? Maybe Chase or Citi Retail? (I see another Amazon like fiasco over terms happening if Chase takes this over.)
@Royalbacon wrote:I don't think 99% of the population outside of Myfico care about getting gigantic SPCLI every 90 days or 6 months. Synchrony is better then Capital One in regards too getting gigantic SP CLI on a regular basis until your card hits $25k or whatever, but in every other metric they're way worse then Capital One. I can say for sure the average person outside of Myfico doesn't have 15-30 cards and goes around obsessively asking for CLI on them all until they hit a $25k+ limit.
I'll be fine with 10-15 cards with $15k+ limits, I'm not greedy.😜
