Loft upgrade to MC

[sunkissed]

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@FocusedAndDetermined wrote:

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@sunkissed wrote:

Thanks to all for the congrats!

I got the offer while shopping in a Loft store.  At checkout, I started to pay with my Loft store card and the saleslady asked me if I would like to upgrade to their MasterCard for better rewards.  I agreed; she asked my about income and asked for my license.  She had to call it in.  They gave her my new account number and my new credit limit.  I went from $750 with the store card to $3500 with the new MC.

I was really surprised to get an offer so soon.  I just opened this account in August.  Also, most of my accounts have been opened this year.  I’ve had my Cap1 & BOA for 10 years.  USAA since Nov 2012.  Discover in Feb 2013.  NFCU in March.  Victoria’s Secret was a little before USAA in fall 2012.  Everything else was opened between Aug and Sep of this year.

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Looks like you answered your earlier question - new account number = new TL.  But if you shop there a lot and the rewards are better, it was probably worth it.  Enjoy!

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I do shop there a lot.  Perhaps that helped with the quick upgrade offer.  Their rewards are good.  I've gotten more coupons than I can use since I got the card and there almost always to be a sale going on.  I've saved a ton of $!

[sunkissed]

I forgot to mention the obvious: the upgrade cost me one hard inquiy on Equifax.

[coldnmn]

Thanks for sharing. 

[FocusedAndDetermined]

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@sunkissed wrote:

I forgot to mention the obvious: the upgrade cost me one hard inquiy on Equifax.

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The HP would have reset your clock anyway.

I don't shop there as much as I did many, many moons ago.  But I understand your point about the discounts, VS is also great with sales and coupons. 

[coldnmn]

The only Loft I have around here is a hay loft. Getting to be very few of them. But nice to know for future help.

[sunkissed]

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@coldnmn wrote:

The only Loft I have around here is a hay loft. Getting to be very few of them. But nice to know for future help.

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Too funny!

[reneasworld]

I shop there

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@sunkissed wrote:

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@FocusedAndDetermined wrote:

---

@sunkissed wrote:

Thanks to all for the congrats!

I got the offer while shopping in a Loft store.  At checkout, I started to pay with my Loft store card and the saleslady asked me if I would like to upgrade to their MasterCard for better rewards.  I agreed; she asked my about income and asked for my license.  She had to call it in.  They gave her my new account number and my new credit limit.  I went from $750 with the store card to $3500 with the new MC.

I was really surprised to get an offer so soon.  I just opened this account in August.  Also, most of my accounts have been opened this year.  I’ve had my Cap1 & BOA for 10 years.  USAA since Nov 2012.  Discover in Feb 2013.  NFCU in March.  Victoria’s Secret was a little before USAA in fall 2012.  Everything else was opened between Aug and Sep of this year.

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Looks like you answered your earlier question - new account number = new TL.  But if you shop there a lot and the rewards are better, it was probably worth it.  Enjoy!

---

I do shop there a lot.  Perhaps that helped with the quick upgrade offer.  Their rewards are good.  I've gotten more coupons than I can use since I got the card and there almost always to be a sale going on.  I've saved a ton of $!

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I shop there alot also and the sales guy asked me about upgrading but I did not want the hard pull but I would love to get a higher limit with a regular card. Do you remember what yours scores were when they pulled?

[rbon]

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@sunkissed wrote:

I forgot to mention the obvious: the upgrade cost me one hard inquiy on Equifax.

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It's not an "auto-upgrade". I mean you're still going from the store card to MC, but there was a chance of you not getting approved and it was a hard inquiry. I worked at Loft part time before and if a customer had a Loft card, you were supposed to ask if they wanted the MC instead. If they didn't have a Loft card, you were supposed to ask if they wanted the store card or MC. Some people wouldn't ask because then a few months later they could ask people to "upgrade" to the MC and it was another way to meet their CC goals. (You were required to open 5 per month and at our store, your hours were based on how many cards you opened each month.)  I know if you read on here somewhere, there are cases of people who got denied for the MC that ended up with 2 store card lines from Loft.

I'm glad that you were able to get it so it wasn't a wasted inquiry! 

[sunkissed]

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@reneasworld wrote:

I shop there

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@sunkissed wrote:

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@FocusedAndDetermined wrote:

---

@sunkissed wrote:

Thanks to all for the congrats!

I got the offer while shopping in a Loft store.  At checkout, I started to pay with my Loft store card and the saleslady asked me if I would like to upgrade to their MasterCard for better rewards.  I agreed; she asked my about income and asked for my license.  She had to call it in.  They gave her my new account number and my new credit limit.  I went from $750 with the store card to $3500 with the new MC.

I was really surprised to get an offer so soon.  I just opened this account in August.  Also, most of my accounts have been opened this year.  I’ve had my Cap1 & BOA for 10 years.  USAA since Nov 2012.  Discover in Feb 2013.  NFCU in March.  Victoria’s Secret was a little before USAA in fall 2012.  Everything else was opened between Aug and Sep of this year.

---

Looks like you answered your earlier question - new account number = new TL.  But if you shop there a lot and the rewards are better, it was probably worth it.  Enjoy!

---

I do shop there a lot.  Perhaps that helped with the quick upgrade offer.  Their rewards are good.  I've gotten more coupons than I can use since I got the card and there almost always to be a sale going on.  I've saved a ton of $!

---

I shop there alot also and the sales guy asked me about upgrading but I did not want the hard pull but I would love to get a higher limit with a regular card. Do you remember what yours scores were when they pulled?

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Unfortunately, my scores have not changed much in the past year.  I guestimate my Equifax was around 700 when I got the upgrade.