Macy's GLI :)

[bigtim]

What's all this "GLI" stuff? I've heard CLI...? What's GLI stand for?

Thanks

[torry590]

Its what macy's refers their credit increase program.

It used to be every 3 months you can call for a GuideLine Increase, but i guess they changed it to every 6 months, different results for everyone though until the policy sticks.

GLI is macy's CLI in other words.

[creditwherecreditisdue]

---

@bigtim wrote:

What's all this "GLI" stuff? I've heard CLI...? What's GLI stand for?

Thanks

---

Guideline is Macy's term for what the rest of the world calls a credit line. Macy's has been granting credit to purchasers since before there was a MasterCard or a Visa and long before banks issued credit cards. Therefore, they can call it whatever they want!

[torry590]

Bottom line, Macy's is amazing and very generous. Their card isnt difficult to get, though they have tightened their standards. I got mine in late 2008, they started the credit crunch a little before that, it was fairly easy then in my opinion for me. But I don't know about now.

The starting out limit is small usually, but they will grow with you, and quickly. They like to see use, but in my case i dont have much use and they still increase me and gave me a major purchase accounts.

I have maybe used the card 3 times since I got it. 

They know how to keep customers.

Just ordered my new bed frame and headboard, great quality, it will last me years, great investment. It was 1700, I took advantage of their 1 day sale and snagged it for 999.00 and, 0% interest for 6 months, by then ill have it paid off or almost paid off. 

I wasn't that big on Macy's until I turned 18 last year and got a card, amazing people, great customer service, I have never felt so valued at a store before in my life. 

By the end of this year they will be upgrading me to platinum because i spent over 1000 bucks lol. woo.

Message Edited by torry590 on 07-09-2009 09:18 PM

[Kay_Cee]

I got my last increase with Macy's three months ago.  I called them yesterday and asked for a $500 increase.  The rep said she would try to put that through and came back on the line and said she could authorize an additional $1,000 to my line of credit.  Anyone who has been told they have to wait six months, may want to call again and see if you get a different answer with a different representative.  Especially since there is no hard pull involved.

Now if I could only screw up the courage to hit the luv button for my American Express card.....

Message Edited by Kay_Cee on 07-12-2009 06:42 AM

[creditwherecreditisdue]

I find that when asking for a GLI from Macy's it is better not to specify an amount. I normally ask if they have a GLI for me and if so what is the maximum amount available is. This hopefully avoids leaving money on the table.

[mrsgavin]

I called today to request an increase. I got $500 increase from $200. Rep said I can call every three months and should not have a problem if i keep using my card this way. My utilization is 59%.

[creditwherecreditisdue]

---

@mrsgavin wrote:
I called today to request an increase. I got $500 increase from $200. Rep said I can call every three months and should not have a problem if i keep using my card this way. My utilization is 59%.

---

Congrats! 

Interesting contradiction. Three months or six months? Who knows.

Message Edited by creditwherecreditisdue on 07-20-2009 04:20 PM

[score_building]

---

@mrsgavin wrote:
I called today to request an increase. I got $500 increase from $200. Rep said I can call every three months and should not have a problem if i keep using my card this way. My utilization is 59%.

---

congrats! is your uti 59% on the card or overall?

[mrsgavin]

60% on card. 40% over all