Reply
New Member
Posts: 3
Registered: ‎02-29-2008
0

Macy's Hard pull for existing account...

Hi all, I have a few questions here, and a warning as well for people in a similar situation.
I have a Macy's store card. Limit is $500, balance is $0, Open date is 12/2001, last activity is 2/2002, CR states the account is still open. In an effort to raise my score by having another line reporting a balance, I charged one purchase for about $26 over the weekend. Well now, I have a new hard pull from Macy's/DSNB. On my alert, I see the following text:
The following inquiries are "hard" or voluntary inquiries and were generated because you authorized the companies listed to request a copy of your credit report.
 
So my questions...
I obviously didn't explicitly authorize any such credit pull... Does Macy's/DSNB have the right to make that hard inquiry just because I have an existing account with them?
Whether they do or don't, is there any way I can get that item removed (I imagine that an inquiry is diff than a late payment in that regard, but not sure...)
 
I know that this is just one inq, but I don't have any in the past 2 years other than this. Also, I was going to apply for one credit card soon - after I brought my score up a bit and hopefully banished a few baddies first. Now I am concerned about having too many inquiries in a short period.
Any answers/advice I receive would be greatly appreciated.
 
TIA,
Jason
Contributor
Posts: 270
Registered: ‎02-06-2008
0

Re: Macy's Hard pull for existing account...

They did the hard pull because you had not used the card in 6 yrs. they wanted to make sure that they deemed you credit worthy. You could call them and ask them to remove the inq or change it to a soft. And one inq is unlikely to affect your chances for getting another card. I have 20 since Dec. and got 11 of them.
Moderator Emeritus
Posts: 6,794
Registered: ‎09-29-2007
0

Re: Macy's Hard pull for existing account...

They do have permissible purpose, since you have an existing credit account with them.
 
The effect of one inquiry is minor; in many cases the first inquiry doesn't hurt at all.
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Established Contributor
Posts: 749
Registered: ‎08-19-2007
0

Re: Macy's Hard pull for existing account...

Jason, they did the same thing to me back in dec. They do have permissi...purpose, since the card has been inactive for a long while...
Super Contributor
Posts: 8,184
Registered: ‎03-25-2007
0

Re: Macy's Hard pull for existing account...

Many companies will do this on a card that has been inactive.  A typical time lapse for inactivity is 12 months.
 
I have a very old gas card I want to keep open, and there are no longer any gas stations here.  I make sure I use it twice a year somewhere!
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Posts: 1,518
Registered: ‎04-20-2007
0

Re: Macy's Hard pull for existing account...

I only use my Macy's card once a year.  Each year, before my annual purchase, I call Macy's credit department to find out whether or not I'm going to have any problems using my card.  The last time I called, in December, I was told that I must use my card once every 2 years or the account will be considered "inactive."
EQ 814 / TU 815 / EX 842
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.