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Home financial budget money news personal finance personal finance news What Happens to Store Credit Cards (ones with a major credit company that can be used everywhere) if the Store Files for Bankruptcy?

What Happens to Store Credit Cards (ones with a major credit company that can be used everywhere) if the Store Files for Bankruptcy?

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Pretty much what the title asks. I have a Sears MasterCard that can be used anywhere. It has a high limit and I pay it off in full every month.

With Sears so close to filing for bankruptcy, will the card be closed as if it were just a normal store card without the MasterCard logo or will it commute to essentially a new MasterCard account? Not worried either way, but was just curious.

It is the card I use most often so want to start shopping around for a new high limit one of it’s likely to be shut down.

Thanks!



Submitted October 13, 2018 at 08:41AM by Kasparian https://ift.tt/2yfOubS
financial budgetmoney newspersonal financepersonal finance news
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