Reply
Valued Member
cabana7
Posts: 42
Registered: ‎11-08-2008

Re: Bit the bullet....apped for Kohl's.

Congratulations! Got mine in December applied in the store (which is usually best) was instantly

approved for a $1500 credit line...they pulled Experian and my score at the time was 743..who knows now...I never carry a balance there but they send me discounts in the mail all the time...they remind me a little of Macy's but less expensive.

Frequent Contributor
hobojon
Posts: 261
Registered: ‎01-20-2009

Re: Bit the bullet....apped for Kohl's.

Kohls doesn't use your Fico score for their decision. They use the Vantage score. You will get a heavy ding on your Vantage score if you have no mortgage line reporting. It makes a lttle sense I guess considering the nature of Kohls business. Doesn't make sense if you are renting or the mortgage is in your spouses' name only.
Established Contributor
Ulan
Posts: 790
Registered: ‎09-09-2008

Re: Bit the bullet....apped for Kohl's.


hobojon wrote:
Kohls doesn't use your Fico score for their decision. They use the Vantage score. You will get a heavy ding on your Vantage score if you have no mortgage line reporting. It makes a lttle sense I guess considering the nature of Kohls business. Doesn't make sense if you are renting or the mortgage is in your spouses' name only.

I heard that your Vantage score might be 520 (F) even if your FiCO is in the mid-700's without a mortgage. I go to Kohl's for clothes, and I'm not sure whether a mortgage helps for that kind of purchase. Then again, they probably think I don't need credit from them for my T-shirts :smileywink:.

Senior Contributor
UpUpUp
Posts: 3,017
Registered: ‎06-03-2008

Re: Bit the bullet....apped for Kohl's.

[ Edited ]

Ulan wrote:

hobojon wrote:
Kohls doesn't use your Fico score for their decision. They use the Vantage score. You will get a heavy ding on your Vantage score if you have no mortgage line reporting. It makes a lttle sense I guess considering the nature of Kohls business. Doesn't make sense if you are renting or the mortgage is in your spouses' name only.

I heard that your Vantage score might be 520 (F) even if your FiCO is in the mid-700's without a mortgage. I go to Kohl's for clothes, and I'm not sure whether a mortgage helps for that kind of purchase. Then again, they probably think I don't need credit from them for my T-shirts :smileywink:.


 

I wasn't aware you got dinged for not having a mortgage. My new mortgage is not yet reporting and they gave me a $1200 CL. I would think that means I didn't get dinged too bad considering that's a decent CL for Kohl's I think. I don't pay any attention to FAKO's though and don't know where I could even see my Vantage score, except for Experian.com and I refuse to give them 5 cents!
Message Edited by UpUpUp on 05-04-2009 09:24 AM
Senior Contributor
UpUpUp
Posts: 3,017
Registered: ‎06-03-2008

Re: Bit the bullet....apped for Kohl's.


javajunkie wrote:
I believe that somebody posted that they got the card with a score of 620 on another thread. The interest rate isn't very good with the card that's for sure.

 

True. It's terrible. Def. a pay in full card, I do that with all my cards so I really don't pay attention to any interest rates. Though, I think most people get this card for the deals and sales. If so, it would kind of defeat the purpose to use the card to get sales prices and then let a balance sit on any interest rate. 
Established Contributor
MsKiwi
Posts: 832
Registered: ‎03-20-2008

Re: Bit the bullet....apped for Kohl's.

Congrats UP! I knew you'd go for this card, it has great perks (coupons and such) I love Kohl's sales.
Senior Contributor
UpUpUp
Posts: 3,017
Registered: ‎06-03-2008

Re: Bit the bullet....apped for Kohl's.


MsKiwi wrote:
Congrats UP! I knew you'd go for this card, it has great perks (coupons and such) I love Kohl's sales.

 

Haha, you are so funny. On Saturday, I was in the store thinking...I should really apply for this card.  Then I decided to hold off. When I found myself back there again on Sunday, I realized it was just plain silly not to take advantage of all the perks.
Senior Contributor
fishbjc
Posts: 3,321
Registered: ‎11-30-2007

Re: Bit the bullet....apped for Kohl's.

I worked at Kohl's for four years.  Some of the prices on their name brands are more expensive than Bed Bath and Beyond.  Using the 20% coupon for BBB, your final price may be less.

 

Kohl's is notorious for paying their floor employeees less than any other retailer.  They make up for the lower wage by being very lenient with employees schedules, which was great!   They also keep a minimum floor staff so keep prices down.  Just do your research before making a large purchase. 

 

For some reason, I'm still on the Friends & Family List and still get the employee discount even though I've been gone for one year.   You used to be able to pay your charge by using their gift cards.  Now you have to purchase the gift cards they sell for fund raisers....bummer!!!!  I used to *triple dip*.

 

Just keep ALL RECEIPTS for a return or always put it on your Kohl's charge so they can do a look up direct.  Otherwise they track you for returns.

 

Congrats on the card! 

 

 

Senior Contributor
UpUpUp
Posts: 3,017
Registered: ‎06-03-2008

Re: Bit the bullet....apped for Kohl's.

Thanks for the insider info, Fish.  I actually just purchased a coffee maker and had a 20% discount at BBB also. I compared online the price of the coffee maker and with the discount it was still a few dollars more than the current sales price at Kohl's. I am the type that ALWAYS checks around before making any purchase, so your advice is sound. I'm sure on other items it will pay to price shop first.

 

Too bad you can't triple dip anymore! That is awesome. Atleast you still get the discounts.

 

Good to know that they can look up items if you use your charge!

Frequent Contributor
ralbusta
Posts: 309
Registered: ‎04-07-2008

Re: Bit the bullet....apped for Kohl's.

[ Edited ]

fishbjc wrote:

 

Just keep ALL RECEIPTS for a return or always put it on your Kohl's charge so they can do a look up direct.  Otherwise they track you for returns.

 

 


I thought all stores do this. I used to work at JCP, and I know that they definitely do this. After a set number of returns without a receipt, they will no longer allow you to return w/out receipt.

 

ETA: Oh yeah congrats UP! For the WF card as well!

Message Edited by ralbusta on 05-04-2009 12:26 PM

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+