Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
GE has over $32 billion in store credit cards issued through them. The handle major retailers like Wal-Mart, Lowes, J.C. Penney, Dillards, Ikea, Chevron, and many others. GE went from being the bluest of blue chip stocks to almost penny stock status the past few weeks. Some say they are following the path of Citi, despite that they are a diversified company.
The ironic thing is GE saw this coming and tried to sell their store credit card unit last year before the crisis really accelerated but no one was interested. Wow I wonder why no one wanted to buy a sinking ship.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred