lizabeth wrote:
i'd like to share MY macys experience with 'big purchases'...
i have a MEASLY $200 limit revolving macys store card. ive had the card for 2 years. put more than 1,000 on it with no lates. and they STILL wont raise my limit whenever i ask.
today i decided i wanted to look into furniture. i go up. have the lady call credit services to see if i could be approved for 2,000 on a 'big spending account' (whatever they call them)... WHAM.. NO. they said no! perhaps i wasnt qualified because i refused to let them pull my credit. but they said that typically IF they have to pull a hard for that sort of account, you're not going to get it anyways.
(question to the poster: did they have to pull a hard for your mattress?)
so i sulked and went over to HOUSEWARES and lusted after a kitchenaid mixer ($300) and finally decided to go for it. so i have the housewares guy call and see about getting a CLUB card (zero interest for a year).. kitchenaids dont qualify, and she said she COULDNT raise my revolvling limit but that she could start me at $500 for a big purchases account!! the same account that i was just DENIED 10 minutes prior.
heck yes! so for those of you wanting a macys CLI with GOOD HISTORY and they wont budge, ask about the big spenders account! SOFT PULL.
Congrats.
For the matresses, there was no hard inquiry, for myself anyway. And I did pull a copy directly from EQ and EX since then and there were no soft inquiries arising from the mattress purchase. I haven't checked TU yet.
I've noticed that Macys weighs their CLIs based on your spending and payment history. As mentioned, my Macys just went from $800 to $1500. DW also opened hers at the same time and got the $800 CL the same time I did. Well, I told her to ask for a CLI and they would only approve to $1000.
My spending habits are that I never exceeded the CL by more than 50%. And two of every three months, my reported balance was $0. We always paid on time, sometimes even at the due date. DW on the other hand, spent 75%-80% of her CLs. And of every 5 months or so, she only had a $0 balance for one of those months. Stark contrast in spending and paying habits.
