"Great Card GLI In 3 Months"
Macy's Credit Card® Review
Written by: mikey on 2008-02-08
Overall Satisfaction
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mikey's review: 
I applied for this card in Nov and was approved with a 100 CL. Called today and asked for a GLI (guidline increase) its a soft pull instead of a hard pull was increased to 1600! 1500 increase in 3 months used twice in 3 monts 55 dollars and 32 dollar purchases paid in full both times. Great card
I applied for this card in Nov and was approved with a 100 CL. Called today and asked for a GLI (guidline increase) its a soft pull instead of a hard pull was increased to 1600! 1500 increase in 3 months used twice in 3 monts 55 dollars and 32 dollar purchases paid in full both times. Great card
14 Comments
Comment 1 by hjm331
Congrats! 
on 2008-02-08
Congrats on the new CLI. That is one heck of a CLI. So far I've purchased about $120 worth of gift cards from them and paid in full both times also. What was the number that you called to get the CLI? I'm going to try my luck also. Lol
on 2008-02-08 Congrats on the new CLI. That is one heck of a CLI. So far I've purchased about $120 worth of gift cards from them and paid in full both times also. What was the number that you called to get the CLI? I'm going to try my luck also. Lol
Comment 3 by meya
Get Out Of Here on 2008-02-08
When I applied my cl was initially $300 (instant in sotre) and I waited 3 moths to ask for a cli, I only got $100. Wow, I guess that I will ask agian in 2 more months.
on 2008-02-08 When I applied my cl was initially $300 (instant in sotre) and I waited 3 moths to ask for a cli, I only got $100. Wow, I guess that I will ask agian in 2 more months.
Comment 4 by mikey
Shocking on 2008-02-08
This has been my lucky month 1st AMEX now this :) I think I am going to cancel orchard bank. I have a secured card that for some reason they will not unsecure after 2 years. Called customer service spoke to mgt nothing. I cant see letting them hold 1000 of my money any longer. onlything I'm worried about is its one of my oldest accounts will that hurt my score a lot?
on 2008-02-08 This has been my lucky month 1st AMEX now this :) I think I am going to cancel orchard bank. I have a secured card that for some reason they will not unsecure after 2 years. Called customer service spoke to mgt nothing. I cant see letting them hold 1000 of my money any longer. onlything I'm worried about is its one of my oldest accounts will that hurt my score a lot?
Comment 5 by meya
What! on 2008-02-08
2 yrs, unsecured? Close it, they are wrong for that. They are making money off of you. Just imagine the apr and finance charge they put on your money for two yrs. I would not be surprised if they say it is going to take up to 60 days to receive your money back after closing it.
on 2008-02-08 2 yrs, unsecured? Close it, they are wrong for that. They are making money off of you. Just imagine the apr and finance charge they put on your money for two yrs. I would not be surprised if they say it is going to take up to 60 days to receive your money back after closing it.
Comment 6 by akcredit
WOW GOOD INCREASE on 2008-02-08
Congrats, u got a great increase. I got this card in May 2007 for 300, and spent 150 and got a increase in 6 months for 200. Its a great card. AK Credit!!!
on 2008-02-08 Congrats, u got a great increase. I got this card in May 2007 for 300, and spent 150 and got a increase in 6 months for 200. Its a great card. AK Credit!!!
Comment 7 by porgy1000
CLI on 2008-02-08
Mikey, hmmm have you been eating too Life cereal? Joke of course heheheheeh. I do not know what you would need a credit line like that for from Macys. I just don't belive in store cards. I have an office depot card and it has a $33,000 credit line. If I spend $50 there it is alot.
I think these store cards will hurt you on the new FICO 08 as your entire open credit lines will be considered on FICO 08. If you want other cards in the future like more Visa or Mastercards these store cards will have a negative impact on you.
on 2008-02-08 Mikey, hmmm have you been eating too Life cereal? Joke of course heheheheeh. I do not know what you would need a credit line like that for from Macys. I just don't belive in store cards. I have an office depot card and it has a $33,000 credit line. If I spend $50 there it is alot.I think these store cards will hurt you on the new FICO 08 as your entire open credit lines will be considered on FICO 08. If you want other cards in the future like more Visa or Mastercards these store cards will have a negative impact on you.
Comment 8 by arod
Congrats on 2008-02-09
Im not a big fan on store cards but there good to have.
well enjoy your credit line..
Alex
on 2008-02-09 Im not a big fan on store cards but there good to have.well enjoy your credit line..
Alex
Comment 9 by eric
Wow! on 2008-02-09
Once again Im agreeing with Porgy (he's making a lot sense here especially as of late) Im steering away from store cards as much as possible. If its not one of the 4 major cards I don't want to apply for it. I do have 4 store cards... Walmart which I use every month, Target which I spend about $1k-1500 a year, Macy's where I buy my work clothes and American Eagle. My qualms about having a store card is that if you don't really shop there then why have your total available credit eaten up like that. Thats all lol
on 2008-02-09 Once again Im agreeing with Porgy (he's making a lot sense here especially as of late) Im steering away from store cards as much as possible. If its not one of the 4 major cards I don't want to apply for it. I do have 4 store cards... Walmart which I use every month, Target which I spend about $1k-1500 a year, Macy's where I buy my work clothes and American Eagle. My qualms about having a store card is that if you don't really shop there then why have your total available credit eaten up like that. Thats all lol
Comment 10 by mikey
Hard Inquiry on 2008-02-11
So just got an alert that had a new inquiry and it was from macys! Don't they have to disclose if they do a hard inquiry?
on 2008-02-11 So just got an alert that had a new inquiry and it was from macys! Don't they have to disclose if they do a hard inquiry?
Comment 11 by meya
Woe on 2008-02-11
Never heard this from macys, so lets sit back and hear the resutls. This did happen to me from "Spriit of America" when I asked for a cli.
on 2008-02-11 Never heard this from macys, so lets sit back and hear the resutls. This did happen to me from "Spriit of America" when I asked for a cli.
Comment 12 by hjm331
Wow on 2008-02-11
I've never heard of this either. Do you think they did this just to check if you defaulted on anybody?
on 2008-02-11 I've never heard of this either. Do you think they did this just to check if you defaulted on anybody?
Comment 13 by porgy1000
Hard Inquiry on 2008-02-11
Thats what you get with a store card. They may NOT run soft inquiries on you like a bank card does every one to 3 months, therefore, they do now know what you look like.
As I stated before, store cards like these are a good way to kill you scores. This is just another example of it besides the total utilization of credit. Your best bet is to avoid all store cards.
on 2008-02-11 Thats what you get with a store card. They may NOT run soft inquiries on you like a bank card does every one to 3 months, therefore, they do now know what you look like.As I stated before, store cards like these are a good way to kill you scores. This is just another example of it besides the total utilization of credit. Your best bet is to avoid all store cards.
Comment 14 by germo06
Love The Card on 2008-07-24
Im a current employee at macys and I have a pre-paid account. My credit was not good enough for a regular account. I must say, its the most amazing thing ever!!! There are no fees of any kind... No late fees, no over limit [50 dollars] fees. Even though it stops at 50 the will let me chrge up to 20 dallars over free of charge... Why even have account you ask?? Its the only way I can get my emplyee discount. I got my card in febuary and I called them in June to see if fell under the same guidelines regarding gli and was denied. But they did however send me a platinum card!!! Which is better cause now my coupons are higher in value and I get instant recognition when I take it out.
on 2008-07-24 Im a current employee at macys and I have a pre-paid account. My credit was not good enough for a regular account. I must say, its the most amazing thing ever!!! There are no fees of any kind... No late fees, no over limit [50 dollars] fees. Even though it stops at 50 the will let me chrge up to 20 dallars over free of charge... Why even have account you ask?? Its the only way I can get my emplyee discount. I got my card in febuary and I called them in June to see if fell under the same guidelines regarding gli and was denied. But they did however send me a platinum card!!! Which is better cause now my coupons are higher in value and I get instant recognition when I take it out.
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Disclaimer: This content is not provided by Department Stores National 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 Department Stores National Bank. Review content is powered by Finance Globe.
