05-07-2010 01:17 PM
Just called Nordstroms inquiring about upgrading my store card to a Visa Platinum and the CSR said they are no longer offering the Platinum. They are however still offering the Signature card. Does anybody know what score is required for the Signature card? All I could get out of her is that it is less than 750 and more than 700. Ha! I tried.
05-07-2010 01:59 PM
Not 100% sure but when I did some googling it looks like 660 and above with no recent baddies or high util.
05-07-2010 02:12 PM
I did ask if it had to be above 700 and she said yes. Then I asked her if it had to be 750 and she said lower than that but wouldn't give me specifics.
05-07-2010 03:50 PM
What is happening nowadays with these banks, in a few months I was preparing to call Nordstrom's for an upgrade from my store card, I am not interested in the signature card as I think it does not report a credit limit. Hopefully someone can chime in on this issue with the reporting.
05-07-2010 03:52 PM
Csrs can't say if a specific score would be approved- fico is only one factor for approval.
The range 700+ sounds about right for the siggie.
05-07-2010 04:39 PM
Nordstrom Signature definitely does not report the CL. Mine started at $3 last May with a pull on both EQ and EX. My EQ was 744 when I went on a 3-app spree.
They raised me to $5K in October when I asked, and they told me that the Signature usually starts at $5K anyway. I exchanged a pair of shoes, and it had a high balance of $317 for about 2 days. That is what shows as my high balance on my CR, but I have PIF'ed it every time.
It would be nice to have the CL reported, but that is the downside of a Visa Signature. There was a deal on movie tickets with the Signature, and there are some cool features on the Signature website. If it were one of only a couple of cards I would be more concerned about the non-reported CL. I think having one Signature card is OK just for the benefits, and the credit limit is there if I do need it.
05-07-2010 05:16 PM - edited 05-07-2010 05:19 PM
I agree. I was disappointed that they no longer have the Visa Platinum. My BK falls off in 9 months and I'm anticipating my score going up quite a bit as I will have everything I owe on paid off by the end of the year. I've had the Nordstrom store card for 2 years and I've been sooooooo good with it with the anticipation of qualifying for the Visa Platinum. What a bummer! Anyway, I don't know what is going on with these banks. Macy's is not reporting CL any longer and I just read that Target is no longer issuing their Visa card either. Hard to know what direction to go anymore.
05-07-2010 05:18 PM
Oops, I meant I've had the Nordstrom card for two years. Don't know how to edit that comment.
05-07-2010 05:25 PM
I hope they don't make platinum card holders switch to the signature card.
05-07-2010 05:51 PM
Not sure. We didn't get into that conversation. I doubt that they would do that but you never know. What is the benefit for them not reporting CL? I can understand that the Signature card doesn't but you know that when you apply. I totally don't understand Macy's move this month of no longer reporting CL. It was my highest CL at $3,200 and I lost it. It's going to really hurt my Utilization until I get that account paid off.
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