Shawn at Milestomemories reports today getting an email about his Toys R Us credit card, indicating that it’ll automatically change over to become the Synchrony Mastercard which earns 2% cash back on all purchases.
The Synchrony Mastercard isn’t a known card – my guess is that it will have similar details to the Synchrony Paypal 2% card which was recently launched, and will have unlimited 2% everywhere with no annual fee and no foreign transaction fee. We’ll know more when people start receiving the card.
There are various outcomes of store credit cards when the store goes out of business, sometimes the card simply stops working and other times it gets replaced. This time Synchrony is replacing it with a card that will actually be useful to a lot of people which is nice to see.
Here’s a screenshot of the email:
