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The Toys ‘R Us Credit Card Is Being Converted & It’s Not Bad News!

Shawn Coomer
Shawn Coomer

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Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

Toys R Us Mastercard Converted

Toys R Us Mastercard Converted

With the recent announcement that Bon-Ton may be liquidating and the impending closure of about 800 Toys ‘R Us stores, it isn’t the best of times for retail. One of the drivers of profit for retailers is store branded credit cards and actually Toys ‘R Us had a lot of success with theirs.

I opened a Toys ‘R Us credit card after I found myself shopping in their stores quite a lot for reselling. At the time I opened it I was given 20% off my entire (HUGE) purchase plus they had an ongoing 10% discount for cardholders on Thursday. It wasn’t a card I used a ton but I got some value out of it.

Of course Toys ‘R Us is going away and thus the card is going away. Synchrony issues the Toys ‘R Us credit card and has announced what will happen to this card. I just received this email:

Toys R Us Mastercard Converted

2% Cash Back & No Annual Fee

The Synchrony Mastercard is not a publicly available product as far as I know, but I believe it comes with no annual fee. 2% cashback with no annual fee isn’t unique, but its still a decent deal for most. I am assuming Synchrony wants to keep this large customer base and offering 2% back is a good way to get them to use the product. Their card portfolio is heavily linked to retailers, so the bank needs to keep customers as companies die.

RELATED: Cards That Will Earn You Over 2% Back On Every Purchase.

Conclusion

While 2% cash back isn’t the best you can do (I earn 2.625% back as a BofA Platinum Honors member and Alliant CU and Discover it Miles are offering 3% back for a year), I suspect many Toys ‘R Us cardmembers will see it as an attractive product. As for me, I’ll probably keep it open to age but won’t be using it all too often.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Shawn Coomer
Shawn Coomerhttps://milestomemories.com/
Shawn Coomer earns and burns millions of miles/points per year circling the globe with his family. An expert at accumulating travel rewards, he founded Miles to Memories to help others achieve their travel goals for pennies on the dollar. Shawn also runs a million dollar reselling business, knows Vegas better than most and loves to spend his time at the 12 Disney parks across the world.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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