Monogram Credit Card Bank - JC Penney
Monogram Credit Card Bank JC Penney Closed my account and opened on a MONTHLY basis

Monogram Credit Card Bank as you know, handles privated label credit cards for many retailers. I was a cardholder of 3, GECAF, Wards, then Penneys when MCCGB purchased the Penneys credit accounts in 2001. The GECAF program was abruptley stopped without any notification in it was rather embarrising to try to purchase new appliances with that card. Wards closed in I had recived a letter from MCCGB that I would recieve a Wal Mart credit card with a new account # that my Wards balance would be transferred to.

This is a good one here, the same day that I recieved a Wal Mart bill for my remaining Wards balance ($153.96), I also recived another letter from MCCGB stating that I did not qualify for a Wal Mart account. Looking at the statement on the Wal Mart account that I didnt qualify for, the credit limit shown was $1500, which was $500 more than my Wards account. When I called the number for Wal Mart, the CSR stated that my account was open for 14 days, then reviewed and closed. MCCGB also pulled many copies of my credit report, lowering my FICO score in conjunction with my Wards account. Now we are at my Penneys card, I was a cardholder since 1992, never a late payment, substantial earned credit line of $5000.

Not being informed that MCCGB had aquired the Penneys accounts, I go to use my card for a purchase of $357.96 (the account had a 0 balance), guess what, my card was declined, quite embarrising considering this is now 2 weeks before christmas. Seems that with MCCGB pulling my credit report a total of 19 times, lowered my FICO score so I didnt qualify for ANY MCCGB cards, andd all of my accounts were "TEMPORARLIY CLOSED", with no notifiaction. Be very careful of MCCGB!!!

Company: Monogram Credit Card Bank - JC Penney
Country: USA
State: Georgia
City: Roswell
Site: www.jcpenney.com

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