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Macy's Special financing approval?

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slund5499
Established Contributor

Macy's Special financing approval?

Can anybody tell me, from experience, if the special financing for either Furniture or Jewelry accounts at Macy's are approved with an SP?

 

Just got Macy's CLI approved to $1000 and we need to get furniture for upcoming baby. Thought maybe Macy's would be good place to get financing since I have a relationship with them already.

 

I cannot afford an HP for score reason(s) as well as rebuilding.


Any help or advise?

In the garden since 02/1/23. Newest Account AU Discover It 10K
02/23 Scores; EQ 608 TU 642 EX 575 CCU: 20%, Inq. 2, 1, 2 Collections $39K
Lending Club: newest account 2/3/23. Old Fico 1/17 EQ 530 TU 542 EX 512

Message 1 of 12
11 REPLIES 11
IaBoy62
Established Contributor

Re: Macy's Special financing approval?

I can only speak for myself, but I got a $2500 credit line for the furniture account last year when my store card was at a $1000 limit. They said they may need to pull my credit report but they didn't. I bought a nice leather chair and paid it off but the furniture account never showed up either on any of my credit reports.

Message 2 of 12
IaBoy62
Established Contributor

Re: Macy's Special financing approval?

You inspired me to ask for a cli on my revolving account....it stayed at $2000 which they raised me to in January, but they added a major purchase account to my profile with a $2500 limit to go with my special event account which also has a $2500 limit.

Message 3 of 12
uswala
Senior Contributor

Re: Macy's Special financing approval?


@IaBoy62 wrote:

You inspired me to ask for a cli on my revolving account....it stayed at $2000 which they raised me to in January, but they added a major purchase account to my profile with a $2500 limit to go with my special event account which also has a $2500 limit.


Congrats!

Message 4 of 12
Anonymous
Not applicable

Re: Macy's Special financing approval?

Congrats..

Message 5 of 12
KneelBeforeZod
Frequent Contributor

Re: Macy's Special financing approval?

Congrats!
Current Scores (Dec 20, 2015) - EQ=719 EX=739 TU=740
Message 6 of 12
App_Addict
Valued Contributor

Re: Macy's Special financing approval?

SP for me both for the Jewerly CL and the Furniture CL

CURRENT SCORES: TU: 698 21 Apps / EX: 644 28 Apps / AAoA: 4.4 Yrs. / Util. 5% / Goal: 750 by 12/22

Message 7 of 12
slund5499
Established Contributor

Re: Macy's Special financing approval?

That is great that it is an SP with an existing Macy's account.

 

Did the tradeline report or was it a hidden tradeline?

In the garden since 02/1/23. Newest Account AU Discover It 10K
02/23 Scores; EQ 608 TU 642 EX 575 CCU: 20%, Inq. 2, 1, 2 Collections $39K
Lending Club: newest account 2/3/23. Old Fico 1/17 EQ 530 TU 542 EX 512

Message 8 of 12
slund5499
Established Contributor

Re: Macy's Special financing approval?

With an existing Macy's account...can a Bloomingdales be opened with an SP?

In the garden since 02/1/23. Newest Account AU Discover It 10K
02/23 Scores; EQ 608 TU 642 EX 575 CCU: 20%, Inq. 2, 1, 2 Collections $39K
Lending Club: newest account 2/3/23. Old Fico 1/17 EQ 530 TU 542 EX 512

Message 9 of 12
9CLINE
Valued Contributor

Re: Macy's Special financing approval?

Congrats...

being that I just became a Macy's cardholder last mth. I was wondering how all those different accounts work..

Thanks to all for the input......Smiley Happy


Message 10 of 12
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