From CardRatings.com | As part of a plan to raise cash by liquidating some private label and affinity products, Citigroup CEO Vikram Pandit said Citi’s Sears Holdings card accounts and other products are on the auction block.
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It would have been the second time the Sears Card had been sold. However, the original article indicates that because of the new regs, Citi may only be able to sell the receivables, not the right to make further charges on the cards. If so, I guess I’ll just have to move my recurring charge for Yoga class elsewhere.
I wonder if this also applies to the Universal Card.