09-04-2009 02:45 PM
09-04-2009 04:01 PM
09-04-2009 05:26 PM
I don't have a Macys card but i do believe that they give increase your limit for a certain period of time.
I would wait for other responses or simply just give them a call.
hope this helps
09-04-2009 06:40 PM
09-04-2009 06:44 PM - edited 09-04-2009 06:45 PM
Actually it was a year ago last month I think that I also was lured into a new bed purchase at 0%. I went into this also thinking that they'd up my CL to accomodate the bed purchase. We bought one for about $1900 (regret it...not firm enough; not Macy's fault though). They delivered it and set it up within a couple of weeks if I recall.
Here's a detailed account. Miahmarie went through this and comes to a conclusion at the end on how they report. Be sure to skip to the end:
On mine, they still report all 3 accounts. One is the revolving store charge card. One is a special event account, and one is a major purchase account.
The charge is my normal store card.
The special event carried the pruchase of the bed. They report a CL of $2500 to cover the bed and the initial reported balance was I think $1961 at 0%. EQ and EX both factored the balance and the CL. TU was an odd ball and reported the initial balance as the "high balance" and that was the CL that was factored into scoring. So, I started my first month with a maxed out CC which hurt my TU FICO. Today the balance is $781 w/ the $2500 factored into EQ and EX with TU still at $1961.
The Major Purchase account is exactly like the Special Event account but it report a $0 balance and a $0 CL from day one until now. It annoyed me in the beginning because of the new credit but I'm over it now. It was a couple of months ago that I contacted Macys about this account. The CSR was very knowledgable (and says that she's gonna visit here at myFICO) and said that the Special Event was just that, special. For some reason, Macys added the second account as a Major Purchase account and that I could use it at any time. She said that all I have to do is go to the store and make a major qualifying purchase like a bed, furniture, etc. Once I do so, then Macys will assign a CL. She also offered to have this TL deleted off my CR. I decided to hold off as in a few years, it will still report as open and really help my history and AAoA.
ETA...there was no hard pull on my end.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.