cancel
Showing results for 
Search instead for 
Did you mean: 

Do Dept. Store cards pre-qualify you?

tag
adourdomo
Valued Member

Do Dept. Store cards pre-qualify you?

i have two credit cards one with cap 1 and the other 1st premier

currently rebuilding my credit,  i wanna apply for a dept store card to have a good mix....  but i am scared i wont be approved becuz my scores are low EX 561

 

would prefer target or macy's 

Message 1 of 7
6 REPLIES 6
vish1
Valued Contributor

Re: Do Dept. Store cards pre-qualify you?

 


@adourdomo wrote:

i have two credit cards one with cap 1 and the other 1st premier

currently rebuilding my credit,  i wanna apply for a dept store card to have a good mix....  but i am scared i wont be approved becuz my scores are low EX 561

 

would prefer target or macy's 


 

How old are your baddies? How much is your Util?

 

IMO Macy's is not easy as it's underwritten by citi. I will let someone else chime in about target.

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Message 2 of 7
IOBA
Senior Contributor

Re: Do Dept. Store cards pre-qualify you?

I bought something at Dressbarn, paid with my Amex card.   When the transaction came up, I was told that I was pre-approved for a store card.   She took some basic information, cancelled the Amex transaction, and put the purchase on my new store card.   

 

I have never had Target or Macy's do that, but they might.   Target always emphasized applying for credit, instant decision.   Same with Macy's.

Message 3 of 7
adourdomo
Valued Member

Re: Do Dept. Store cards pre-qualify you?

 


@vish1 wrote:

 


@adourdomo wrote:

i have two credit cards one with cap 1 and the other 1st premier

currently rebuilding my credit,  i wanna apply for a dept store card to have a good mix....  but i am scared i wont be approved becuz my scores are low EX 561

 

would prefer target or macy's 


 

How old are your baddies? How much is your Util?

 

IMO Macy's is not easy as it's underwritten by citi. I will let someone else chime in about target.


 

BADDIES AGE: BETWEEN 2003-2008

 

Util: is about 15-20% on both cards

Message 4 of 7
Anonymous
Not applicable

Re: Do Dept. Store cards pre-qualify you?

Registers at Target check for pre-approval if the amount of your purchase is atleast $40 ($50, to be safe :-) ). If you are preapproved, a pop-up will prompt the cashier to ask the customer if they want to apply :-)

 

Source: We once had contracts with Target..

Message 5 of 7
vish1
Valued Contributor

Re: Do Dept. Store cards pre-qualify you?

 


@Anonymous wrote:

Registers at Target check for pre-approval if the amount of your purchase is atleast $40 ($50, to be safe :-) ). If you are preapproved, a pop-up will prompt the cashier to ask the customer if they want to apply :-)

 

Source: We once had contracts with Target..


 

I have no doubts about the $40 minimum purchase statement but I assume they have other criteria also on which you can be pre approved even without purchasing for 40$. I say this coz I have been pre approved a few times and the cashier asked me if will like to open Target card account and my purchase was less than 10$.

 

As always YMMV

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Message 6 of 7
JayRizzo
Established Contributor

Re: Do Dept. Store cards pre-qualify you?

That's funny, but true.  I never paid attention to the exact dollar amount, but when the cashier goes into their script about applying, I whip out my card and we all get a good chuckle knowing I already have a Target account.

Message 7 of 7
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.