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Mega Contributor
Creditaddict
Posts: 18,877
Registered: ‎10-23-2007

Macy's Visa Rate Jack

Last month got notice that my store card was going to 24.99%, no biggie, it was already 22.99%

I received my Visa bill today and my apr has been raised from the 16.9% up to 24.50%

I can't take many more of these adjustments 

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Mega Contributor
Creditaddict
Posts: 18,877
Registered: ‎10-23-2007

Re: Macy's Visa Rate Jack

LOL, while calling to find out why the increase (supposedly all Macy's store card and Visa cards for ALL cardholders are now 24.50%, "because of economy" I asked for and was granted a $700 CLI to store card bringing me up to $10700.00 now. HAHA
Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009

Re: Macy's Visa Rate Jack

My already pathetic 19.49% Macy's Visa APR is still intact as of 22NOV. They can raise it if they want. It's already high enough that this is a must PIF credit card anyway. I would, in fact, be pretty happy to trade an APRI for a higher CL. I'm just waiting until the Visa turns six months before I ask for an increase.

 

Did you get a notice of this change? I don't recall having seen anything from them at all.

Mega Contributor
Creditaddict
Posts: 18,877
Registered: ‎10-23-2007

Re: Macy's Visa Rate Jack

I got notice for store card but got no notice for visa
Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009

Re: Macy's Visa Rate Jack

My store card APR is at 22.9%, but it has not gotten much use lately. The last time they cut a statement was 17SEP. Unlike the store card my Macy's Visa is used every month. This is largely due to the closing date of the statement period. There is one week in the month when my Macy's Visa is the best card to use so I can report PIF on all the others.

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