Reply
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
0

Could You Get A Macy's CC If You Asked?

I dunno, but there's a whole lot of ink in the press being dedicated to stories that Macy's is about to fall victim to a leveraged buyout.
 
 
Read a post "elsewhere" from someone who got a call from Macy's outta the blue they were upping the CL from $100 to $1500, and all without the cardholder ever asking.
 
According to financeglobe, a Macy's store card is tougher to get than a Target Visa.
 
If Macy's is really desperate, perhaps one of their strategies is to gamble that passing out a bunch of CLs to it's cardholders will boost sales and stave off a buyout.
 
If you've been thinking about a Macy's CC, perhaps now is the time to strike. If Macy's did fall to a buyout, it's likely it would take years, and even then it's likely the CC would remain in whatever form the store ended up taking. Still a positive TL you could acquire and benefit from for a time, at least.
 
If you're thinking about applying for ANY CC, it probably wouldn't hurt to look up the CCC on google finance. If the CCC is hurting or struggling financially--not just a buyout, sales down, profits not meeting target, etc.--they might be more lax in their approval standards at that time.
 
Disclaimer: I'm a software engineer computer geek. I'm not a financial guru, and I'm just reading the news stories and perhaps seeing a connection between seemingly disconnected events.
 
Established Contributor
Posts: 905
Registered: ‎05-09-2007
0

Re: Could You Get A Macy's CC If You Asked?

My Macys came with a $100 CL and no CLI for 3 months... My CLI period has arrived, but I'm trying to do one more month of PIF before requesting.
 
We shall see.
 
Rob
Regular Contributor
Posts: 212
Registered: ‎06-30-2007
0

Re: Could You Get A Macy's CC If You Asked?

My mother has a Macy's card...actually it was Foleys and I guess they were bought out.  It's on her CR as a good TL.  It has $100 CL and hasn't been used in years.  I was going to write a letter to them for her asking for a new card with a CLI (My mother is deaf so I do alot of the writing and talking on the phone for her) but after seeing this maybe we'll just let sleeping dogs lie for awhile Smiley Wink
911 Operators....America's Lifeline!
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
0

Re: Could You Get A Macy's CC If You Asked?

I have an old Macy's that's still open on my CRs. Think it was originally Dillards from when I lived in Florida. I've written twice asking to get the CC reissued, and heard nothing back. Think I'm gonna give 'em a call.
 
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.