Steinmart Mastercard-What will happen? (2024)

texasman07

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‎08-21-202011:12 AM

Steinmart Mastercard-What will happen?

Hello, does anyone know what will happen to the mastercard issued by Synchrony? I applied for this last month and got approved and now they will be shutting down all stores and I noticed that they stopped accepting applications.

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joltdude

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‎08-21-202011:21 AM

Re: Steinmart Mastercard-What will happen?

No clue.. it could end up a Synchrony Home Card... or a generic Synchrony card... similar to what happened with the toys r us mc... or they just close it

It gets better... it's very likely to be a 2% back card as well

https://ficoforums.myfico.com/t5/Credit-Cards/Synchrony-Toys-R-Us-MasterCard-confusion/td-p/5255464

-J

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texasman07

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‎08-21-202011:23 AM

Re: Steinmart Mastercard-What will happen?

thanks! did the Toys R Us credit card remain a mastercard after they closed it?

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Re: Steinmart Mastercard-What will happen?

Yes it did... otherwise there would be no way to use it...

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MJ-san

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‎04-28-202111:26 AM

Re: Steinmart Mastercard-What will happen?

Just saw that mine (MC dual card version) was closed - no warning.

@texasman07wrote:
Hello, does anyone know what will happen to the mastercard issued by Synchrony? I applied for this last month and got approved and now they will be shutting down all stores and I noticed that they stopped accepting applications.

Re: Steinmart Mastercard-What will happen?

@MJ-sanwrote:
@texasman07wrote:
Hello, does anyone know what will happen to the mastercard issued by Synchrony? I applied for this last month and got approved and now they will be shutting down all stores and I noticed that they stopped accepting applications.
Just saw that mine (MC dual card version) was closed - no warning.

When was the last time you placed any activity on yours@MJ-san? Typically, whenever SYNCB ends a partnership program, they send out notifications and reminders, much like they did with Lord & Taylor, ToysRUs and more recently, Marvel.

@texasman07- did your account eventually get closed or is it still active?

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Anonymous

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‎04-28-202102:24 PM

Re: Steinmart Mastercard-What will happen?

@joltdudewrote:
No clue.. it could end up a Synchrony Home Card... or a generic Synchrony card... similar to what happened with the toys r us mc... or they just close it
It gets better... it's very likely to be a 2% back card as well
https://ficoforums.myfico.com/t5/Credit-Cards/Synchrony-Toys-R-Us-MasterCard-confusion/td-p/5255464
-J

You would think if Synchrony was interested in keeping accounts they would have done so with the Marvel accounts too yet they're closing them all.

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MJ-san

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‎04-28-202103:30 PM

Re: Steinmart Mastercard-What will happen?

We just used it beore they announced shut-down last April... so probably 1 year.

I've had SYNC to CLDs on cards I don't use often, always without notice, but never closed due to inactivity

TJX was reduced from 10k to 1,024 after a year of non-use, and immediately restored when I went online to do a CLI.

JCP was reduced from 10k to 2,000 after a year of non-use, and when I tried a CLI to reinstate it, it came back with a "no" due to lack of activity.

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FinStar

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‎04-28-202103:45 PM

Re: Steinmart Mastercard-What will happen?

@MJ-sanwrote:
We just used it beore they announced shut-down last April... so probably 1 year.
I've had SYNC to CLDs on cards I don't use often, always without notice, but never closed due to inactivity
TJX was reduced from 10k to 1,024 after a year of non-use, and immediately restored when I went online to do a CLI.
JCP was reduced from 10k to 2,000 after a year of non-use, and when I tried a CLI to reinstate it, it came back with a "no" due to lack of activity.

It does happen, though. I've had a combination of the 2 in the past for long periods of inactivity. Although, I would feel that with SYNCB/Steinmart, they would've notified customers about account closures if the CC program came to an end, much like Comenity does.

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Steinmart Mastercard-What will happen? (2024)

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The card, issued by Synchrony Bank, earns rewards at the retailer online and in-store and everywhere that Mastercard is accepted.

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As of September 22, 2020, Stein Mart is no longer honoring cards or merchandise credits.

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1200 Riverplace Blvd. Jacksonville, Florida, U.S. In August 2020, the company announced that it had filed for Chapter 11 bankruptcy due to the COVID-19 pandemic, and that it planned to close all of its 279 stores. Stein Mart continues to operate as an online retailer, which is not related to the former company.

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