"Upgraded From Retail Card"
Nordstrom Platinum Visa® Review
Written by: dm on 2010-02-17
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
dm's review: 
I was approved for the store retail card in December. At the time the CSR said I was not eligible for either the Platinum Visa or the Signature Visa. I was disappointed, but I really wanted an account with Nordstrom. Also, the CSR said I could call in 6 months to request an upgrade. Approved for 2K at Tier III pricing (14.9%). Anyway, this week I spoke with a colleague that once worked for Nordstrom Bank (the issuer of the accounts) and was informed that I should try to call now and that sometimes the system will auto approve with as little as one month of activity. I called and was told that I was eligible for the Platinum Visa! Limit of 4k (Tier III pricing; 14.9% for store charges; 18.9% for all others)! Not worried about the interest rate since I've been paying off in full every month since I eradicated a ton of debt this past year. On the bad side... When I applied in December, they pulled ALL 3 credit reports. No hits though on the upgrade. FICOs: TU=723; Equifax=756 I'll still call in 6 months for the Signature Visa. I want the travel rewards!
I was approved for the store retail card in December. At the time the CSR said I was not eligible for either the Platinum Visa or the Signature Visa. I was disappointed, but I really wanted an account with Nordstrom. Also, the CSR said I could call in 6 months to request an upgrade. Approved for 2K at Tier III pricing (14.9%). Anyway, this week I spoke with a colleague that once worked for Nordstrom Bank (the issuer of the accounts) and was informed that I should try to call now and that sometimes the system will auto approve with as little as one month of activity. I called and was told that I was eligible for the Platinum Visa! Limit of 4k (Tier III pricing; 14.9% for store charges; 18.9% for all others)! Not worried about the interest rate since I've been paying off in full every month since I eradicated a ton of debt this past year. On the bad side... When I applied in December, they pulled ALL 3 credit reports. No hits though on the upgrade. FICOs: TU=723; Equifax=756 I'll still call in 6 months for the Signature Visa. I want the travel rewards!
6 Comments
Comment 1 by wanderer
Re: Upgraded From Retail Card 
on 2010-02-17
CONGRATS! Glad we can see some "luv" for credit. With the new law taking effect changes may be a challenge.
on 2010-02-17 CONGRATS! Glad we can see some "luv" for credit. With the new law taking effect changes may be a challenge.
Comment 2 by kdb030609
Re: Upgraded From Retail Card on 2010-02-18
Congratulations !!! Those are nice scores & nice credit limit also ! Do they keep your Nordstrom purchase balance seperate from purchase balances made everywhere else on your statement. I didn't realize any company's had different APR's depending on where you made your purchases. That sounds like a cool feature if you carry a balance and shop at Nordstrom a lot.
on 2010-02-18 Congratulations !!! Those are nice scores & nice credit limit also ! Do they keep your Nordstrom purchase balance seperate from purchase balances made everywhere else on your statement. I didn't realize any company's had different APR's depending on where you made your purchases. That sounds like a cool feature if you carry a balance and shop at Nordstrom a lot.
Comment 4 by hjm331
Re: Upgraded From Retail Card on 2010-02-18
Congrats! I've heard that this is a great card to have and will grow with you pretty quickly.
on 2010-02-18 Congrats! I've heard that this is a great card to have and will grow with you pretty quickly.
Comment 5 by colonative
Re: Upgraded From Retail Card on 2010-02-18
Congrats on the upgrade. I have the Platinum Visa as well and it is a good card overall. I usually load it up before Christmas so I can get one of those Nordstrom certificates for $20.
Just a word of warning, you need to have at least a $5K limit to be upgraded to a Signature product. That is a Visa regulation.
Good luck!
on 2010-02-18 Congrats on the upgrade. I have the Platinum Visa as well and it is a good card overall. I usually load it up before Christmas so I can get one of those Nordstrom certificates for $20. Just a word of warning, you need to have at least a $5K limit to be upgraded to a Signature product. That is a Visa regulation.
Good luck!
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Disclaimer: This content is not provided by Nordstrom Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Nordstrom Bank. Review content is powered by Finance Globe.
