Reply
Mega Contributor
Creditaddict
Posts: 19,702
Registered: ‎10-23-2007
0

Macy's Visa GLI

Called today because I thought I was close to the 6 month they told me Visa now requires for increases.

Turns out I was only at month 4, but they had already increased it on Aug 1 on there own!!

 

from 10k = now 12k

 

I also currently have a balance of 9k, so even high util does not seem to effect GLI with Macy's... I LOVE THEM! 

Fico Scores: EQ 657 Cabelas, TU 662 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007
0

Re: Macy's Visa GLI

Congrats on your CLI...
New Contributor
Ryanfico
Posts: 72
Registered: ‎04-21-2009
0

Re: Macy's Visa GLI

Congratz!  Always nice to call and get suprises you didn't even realize were there :smileyhappy:

Starting Score: 730
Current Score: 708
Goal Score: 775


Take the FICO Fitness Challenge


7/16/2009 (EX - 671)
8/16/09 (TU - 700, EQ 704, EX - don't care)
11/13/09 (TU - 730, EQ 718, EX - don't care) 3 - 90 day old new CC accounts :smileyhappy: 4 - Inquiries
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Macy's Visa GLI

You have a guideline and a credit line with this card. Did they auto increase the Visa CL or the Macy's GL? What are they both?
Mega Contributor
Creditaddict
Posts: 19,702
Registered: ‎10-23-2007
0

Re: Macy's Visa GLI

I just got the GLI on the Macy's store card in Aug for $700 up to $5700.

Aug 1, they auto increased the Visa by $2k from 10k-12k

then I also have a major purchase/Furniture account for $3600 which they said any time I wanted more furniture they would increase it 

then there is a 4th Major purchase account that sits with no balance and no CL, but can be opened for any large purchase you want to not put on your store card, not sure what the point would be unless your store card was at it's max? 

Fico Scores: EQ 657 Cabelas, TU 662 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Macy's Visa GLI


Creditaddict wrote:

I just got the GLI on the Macy's store card in Aug for $700 up to $5700.

Aug 1, they auto increased the Visa by $2k from 10k-12k

then I also have a major purchase/Furniture account for $3600 which they said any time I wanted more furniture they would increase it 

then there is a 4th Major purchase account that sits with no balance and no CL, but can be opened for any large purchase you want to not put on your store card, not sure what the point would be unless your store card was at it's max? 


 

Possibly promo APR's and not tying up you GL with a large purchase like jewelry.

 

I actually have a Macy's Visa of very recent vintage and am heartened to hear of an auto-increase. A little bump from them would be nice. I think wmarat had a bump on his Visa but he asked for it if I remember correctly.

 

I hope you are not carrying too much of a balance on the Store or Visa accounts. Those APR's are nasty.

Mega Contributor
Creditaddict
Posts: 19,702
Registered: ‎10-23-2007
0

Re: Macy's Visa GLI

I normally ask every 3 months, but was told the store is still every 3 months, but the visa is now 6 months, but they ended up increasing it at 4, so whatever.

but don't be afraid to call and ask, I put it in my calendar on my cell to call like clockwork.

I paid my store card off last week! YAY

The visa is in my debt snowball, but it's like #3 to get attacked in the list, so it is what it is. 16.9, not pretty but not real ugly! 

Fico Scores: EQ 657 Cabelas, TU 662 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Macy's Visa GLI

You have a better rate than I do. I think they will lower my rate and it sounds like increase the CL after a while. (Like within 6 months.or so.) Getting the Macy's Visa invite was a great deal. Where else are you gonna get a nice CL on a new TL w/o an INQ?
Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009
0

Re: Macy's Visa GLI

I have had a Macy's store card for about a year and 9 months with a current CL of $5,300. What do I need to do in order to qualify for the Visa? Should I call and ask to see if I'm eligible for the upgrade?
Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008
0

Re: Macy's Visa GLI

DH app'd for store card and received Visa less than a month ago at $1,200.  He called and asked for an instant CLI.  Was rejected and told to wait 3 months.  However, his Visa now reports at $1,500.  How can we tell what his store card limit is?  Online, it shows his Visa limit, but not his or my store card limit.  And on our mortgage pull, it appears as two accounts, when we pull EQ it appears as one.  I'm a little confused on this one.
Just puttin' syrup on something, don't make it pancakes.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+