02-13-2013 01:24 AM
so I recently went on a mini app spree.
In mid January I got the chase csp and amex bcp.
i am currently an AU on my moms Macy's card which is horrible. She has a 400 dollar limit and is over her limit. She has also paid late a few times.
however I love my Macy's card because of the great discounts and I shop there a lot. So what would you advise me to do.
My game plan so far is getting removed from mothers card then applying myself. Except for I have a few issues with having a new inquiry.
1. I am afraid it will affect my 61 day cli with amex
2. I am at my 7th month with nordstroms card, and I was told by nordstroms rep to ask for increase after having the card for 7 months, and I don't want a new inquiry to also affect this.
3. How sensitive is Macy's to inquiries I currently have 5 on equifax, 6 on transunion all of which are from a car lease 6 months ago, and to the best of my knowledge around 5 ish on Experian.
thanks everyone, you're awesome
02-13-2013 03:27 AM
I think you'll be OK for Macy's. They pulled EX for me. Requirements aren't too bad to get the card, but you may want your mom to get herself under the limit on her card if it'ss showing up on your credit or have her take you off as an AU altogether.
Also, Nordstrom should be a soft on EQ for a CLI.
02-13-2013 04:54 AM
i am definitely planning to get removed from her acct. it makes me sad though because that was showing as my oldest acct, oh well...
Do you think having asked for new credit will affect me when I ask for cli from amex? I mean I don't really need the extra credit. Would just love to be past 10,000 mark
02-13-2013 06:18 AM
Macys is really sensitive to scores and the over 100% utilisation on your mothers card is probably hurting yours. An inquiry is not that big of a deal, in my experience. They approved me for the American Express version with about 10 or more inquiries on Experian that were only one month old when they saw them. I had tons of inquiries when I applied for another American Express card and inquiries didn't stop me from getting it. I have no experience with Nordstroms so cannot help you there.
If you want to be considered for the American Express version as well, I believe you have to do the application in the store.
02-13-2013 06:41 AM
02-13-2013 08:13 AM
02-13-2013 04:14 PM
Hi thanks so much you guys.
so what I have decided is that I will wait to get cli on nordstroms this month, then apply for Macy's and ask for cli from amex on the same day next month
having to wait longer but I think it's probably the safer route
02-13-2013 07:01 PM - edited 02-13-2013 07:01 PM
PLEASE let us know when you get approved for Macys AMEX. Youll forsure get the store version my sister got he rmacys with a $300 CL and she barely had a 2 brand new month old acct. KEEP US POSTED!! and good luck!!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.