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Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Macy's: Visa to AmEx Conversion

Now that it is reported that Macy's Visa will become Macy's AmEx, does anybody have any idea when the actual conversion will begin?

 

Last year when they offered me the Macy's Visa I was a little surprised that the validity period on my card was only one year when I am used to five-year validity periods on many of my other cards.  Now I am thinking that the one-year validity period was because they already knew they were dropping Visa.

 

What should I expect in another month and a half when my Macy's Visa expires?

IAALBNYL
Regular Contributor
Posts: 235
Registered: ‎02-14-2010
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Re: Macy's: Visa to AmEx Conversion

I want one of these!!!Smiley Tongue


TU Fico 736 EQ Fico 730 (December 2012)
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Macy's: Visa to AmEx Conversion

My guess is Macy's Amex.   Contract with Visa is expiring.

Epic Contributor
Posts: 29,100
Registered: ‎10-23-2007
0

Re: Macy's: Visa to AmEx Conversion

The last article I read when they announced conversion it was to begin in fall

Moderator Emeritus
Posts: 5,279
Registered: ‎03-18-2008
0

Re: Macy's: Visa to AmEx Conversion

Just received a notice that the new Macy's Amex should arrive by the end of September.

 

Other important aspects:

 

- still no annual fee (but I think we all expected this)

- still two separate lines of credit

- still a 1% foreign transaction fee

Regular Contributor
Posts: 126
Registered: ‎01-31-2010
0

Re: Macy's: Visa to AmEx Conversion

 


Lel wrote:

Just received a notice that the new Macy's Amex should arrive by the end of September.

 

Other important aspects:

 

- still no annual fee (but I think we all expected this)

- still two separate lines of credit

- still a 1% foreign transaction fee


do they report the credit limit?

 

Moderator Emeritus
Posts: 5,279
Registered: ‎03-18-2008
0

Re: Macy's: Visa to AmEx Conversion

There's no mention of the credit limit.  The letter mentions that there will be new account numbers - I wonder if this will mean new tradelines on our credit reports.  I had one CC transfered from one bank to another, which resulted in a new account number but no new tradeline appeared.  But this was a MC-to-MC conversion, not a Visa-to-Amex.

 

All online payment preferences or automatic bill payments will have to be updated.  This information will NOT be retained in the transfer.

New Contributor
Posts: 71
Registered: ‎10-25-2008
0

Re: Macy's: Visa to AmEx Conversion

I got the same letter.  Going to get a new card in the end of Sept. 


Starting Score: TU 797 EQ 798 EX 774 10/26/2008
Current Score: TU 787 EQ 784 EX ??? 09/19/2010
Goal Score: 790


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Regular Contributor
Posts: 126
Registered: ‎01-31-2010
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Re: Macy's: Visa to AmEx Conversion

quick question, is there any way to upgrade from a store card to an amex card without adding a new trade line? 

Established Contributor
Posts: 790
Registered: ‎09-09-2008
0

Re: Macy's: Visa to AmEx Conversion

 


howhow16 wrote:

quick question, is there any way to upgrade from a store card to an amex card without adding a new trade line? 


Not at the moment. It's the same physical card for both tradelines, and I guess Macy's saves some money by using their own tradeline for inhouse sales.

 

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