- Centurion Member
- Posts: 204
- Joined: Tue Oct 30, 2012 10:25 am
- Location: TX
Who issues the JB Robinson's card? For example, Lowes and Home Depot have credit cards that are issued by GECRB, not Lowes or Home Depot. But from what I see, it looks like JB Robinson might actually issue their own card themselves?
This is just a guess, but wouldn't a credit card issued by a bank with a federal charter (like Chase or Citi), with the classification of "National Bank", operate with federal rules, but maybe a credit card issued by, say, a state bank, would operate with more attention to state laws? Because federal law trumps state law. I know when I pay my Chase card, I pay it to Chase, N.A., and I pay my Citi card to Citibank, N.A., rather than Chase, TX and Citibank, TX. But when I pay my health insurance, I pay it to Blue Cross Blue Shield of TX, which operates under different rules than BCBS of NH, or BCBS of IL.
So, depending on who backs the jewelry store credit card-- or if they issue and manage it in-house--- it would have an affect on what rules it operates under. Interestingly enough, their Terms actually addresses this issue: if you moved 15 miles away to a different state, or moved to Arkansas, and updated your mailing address, new purchases would have interest charged at the new state's rate, but your preexisting purchases would continue to be charged at the rate of the state you lived in when the contract was entered into, until paid off.