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

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

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.
Regular Contributor
Posts: 212
Registered: ‎06-30-2007

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

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.

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