- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
It appears the Shopko-branded Visa card was offered by Barclaycard, the credit card division of Barclays. I guess you saw the same Barclays page that I did when I Googled the card. It's a safe bet they aren't opening any new accounts. Existing accounts, like your sister's, may still be active and may stay that way.
I gathered from another credit card site that says "fair" credit is needed for a Shopko card that their target clients might represent a somewhat higher than average credit risk. I am not suggesting this is true of yourself or your sister. However, the bank may be trying to reshape the risk profile of its credit card portfolio by discontinuing new accounts for this store's shoppers.
Something similar happened to me around the time of the financial meltdown. I had a Mattress Firm-branded Visa card from Wells Fargo. I was paying off a no-interest offer as agreed with no missed/late or otherwise insufficient payments. The bank informed me that they were closing the account and that I should just continue paying under the previously agreed terms. I suspect they did this because they were worried that consumers using no-interest store credit lines -- such as myself at the time -- were more likely to default.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.