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I opened a Macy's store card account online and they gave me a crappy 300 limit. I called and asked for a 200 increase and they granted it. She told me online accounts get lower limits because they need to verify information. And she looked at the credit file I submitted for the card that was 45 days. They stay on file for 90 days then a soft pull is used for future credit limit increases. My credit 45 days ago was bad. Now that the public record and collection are leaving my credit report in the next 2 weeks it will be clear. IM going to pray for the Macy's American express version.
Congrats. The best time, IME, to hit Macy's up for CLIs is around major shopping seasons like Christmas. They want you to spend.
The criteria for the AMEX is pretty tight, and common wisdom around here is that a significant portion of their decision matrix relates to your annual spend on your Macy's acccount.
I too recently opened an account with Macys and received a $500 limit. I called them up today based on your post and they gave me an increase of $300 without a HP. She also advised that they looked at the credit report used when I opened the card. I am doing the happy dance right now.
awesome , sharing is caring !
Congrats on the CLI, and hope you get the upgrade.
@Elcid89 wrote:Congrats. The best time, IME, to hit Macy's up for CLIs is around major shopping seasons like Christmas. They want you to spend.
The criteria for the AMEX is pretty tight, and common wisdom around here is that a significant portion of their decision matrix relates to your annual spend on your Macy's acccount.
I opened mine w/o ever spending with them and got 1200/5000 store/AMEX version. The incentive to offer an AMEX is they get to collect more swipe fees through daily use vs. store only.
Well reading about all of the success here.......inspired me to hit macy's up on chat.
At first they told me to increase the limit would require a HP.
I said, is it not possible to increase the limit on a SP, I just saw macys had reviewed my EQ report a few days ago?
The rep told me that he could check, that if it got to the point that it would be a HP he would stop the process.
Asked me a few questions and said NO HP was required to take the limit from $1200 to $2500.
I accepted the offer of course!!!!
Congrats on the increase with the SP.
Thanks forum. I applied for Macy's on Monday and was approved for $500. When I read this post--just browsing the forum--I decided to follow suite and call for an increase. I was given an extra $300. $800 is not a lot, but considering I will be using this card very little and PIF, I should be able to get regular increases and ultimately upgraded to the AMEX.
Congrats to all you guys for getting the CLI.