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Question about Macy's

Regular Contributor

Question about Macy's

After reading up about Macy's here, I took a chance and applied for a card.  Surprise, surprise, I was approved, even if it is only $100 limit. I'm actually happy about it as it seems Macy's doesn't mind giving cl increases.  My question is this:  In order to call in 3 months for a cli do I have to use the card?  I'm not really sure how to use $100 at Macys.  If I don't have to use it and can still get the increase anyway, I'd rather go that way.  But if I must use it, then I need to figure out what to get with this 10% discount before Saturday's over.  Thanks. 
11/2013 FICO: 517 (TU), 560 (EX), 539 (EQ)
11/2013 FAKO: 593 (TU), 591 (EX), 595 (EQ)
Message 1 of 13
12 REPLIES
Established Contributor

Re: Question about Macy's

last november I purchased a shirt with my 200.00 cl.....have not used card since and 2 months ago log into my account and cl is up to 2,000.
Message 2 of 13
Regular Contributor

Re: Question about Macy's

just hung up the phone with Macy's regarding similar situation.  I've had the card since March and never used it until the end of last month. PIF'd it a few days later.  On TC it only reports me having it since Sept.  Reason being I've never used it.  Macy's CSR said that u have to use the card for 4 to 6 months in order to get any increases.  I hope this helps.  Also, buy things and PIF them, couldn't hurt. Show usage on that limit and maybe they'll give you more.
Message 3 of 13
Regular Contributor

Re: Question about Macy's

Thanks Guys.  I appreciate the feedback.  Seems I need to figure out how to use it at least once. 

11/2013 FICO: 517 (TU), 560 (EX), 539 (EQ)
11/2013 FAKO: 593 (TU), 591 (EX), 595 (EQ)
Message 4 of 13
Valued Contributor

Re: Question about Macy's

Congrats on your approval!! Smiley Happy

 

I think you'd have to use the card at least SOME to earn a chance at a GLI (Macy's calls 'em Guideline Increases, for some reason).

 

If you shop online, check out the Clearance section of their website; that's where I do 95% of my shopping, and I've gotten screaming deals on all kinds of stuff.

 

In this economy, I'd try to buy something actually needed, not just some random purchase that won't do you any good.  Make a purchase and PIF right away.  If possible, repeat here and there for the next 3 months, then call and ask if you're eligible for a guideline increase yet.

 

Your first increases might be a bit small, but Macy's seems to increase in generosity in line with how much you spend and how quickly you pay off, but I also seem to recall reading about customers who've barely used their cards and gotten quite generous GLI's as time passed, unasked for.

 

Macy's also does auto-increases - I got one at a year.

 

Hope this helps.  Smiley Happy

_____________________________________________________________________________
It's never too late to become the person you might have been. ~George Eliot

02/12/09 EX: 701 / 02/08/10 EQ: 719 / 02/08/10 TU: 723

Backdoor Numbers, Credit Scoring 101, Understanding Your FICO Score PDF
Message 5 of 13
Valued Contributor

Re: Question about Macy's

It is not absolutely neccessary to use the card to get a GLI. However, you will get far better results and Macy's will like you much more if you use and PIF the card as much as possible early in its life. FYI: I do believe that it is possible to make a split payment when you make a purchase at Macys. So you can direct part of the payment to your Macys card and part to cash or another card. You can pay your account through the macys.com website as many times as you want or need to during the month.

 

If you use and PIF your card regularly you will have a nice guideline by the time a year passes.

Message 6 of 13
Regular Contributor

Re: Question about Macy's

Great.  Thanks everyone for the advice.  I just bought a watch and boy do I need one.  Sucks though that I don't get the 10% discount right away.  I have to call back when I recieve the merchandise.  If I was in the Macy's store, I would have received the discount right away.  Tomorrow, I'll sign on and PIF.  It's so nice to be making some credit progress. 
11/2013 FICO: 517 (TU), 560 (EX), 539 (EQ)
11/2013 FAKO: 593 (TU), 591 (EX), 595 (EQ)
Message 7 of 13
Valued Member

Re: Question about Macy's

i seems that 99.99% of all users of this forum have thier macys card  except me Smiley Sad

i was denied twice in 2007 due to no credit history. i m afraid ll be denied again,

have only one credit card

Message 8 of 13
Epic Contributor

Re: Question about Macy's

the opening credit card discount? that showed up on my statement shortly after the purchases, did not need to call or anything.
Message 9 of 13
Established Contributor

Re: Question about Macy's

 



I got my last increase about 92 days after the previous one, and having not used the card even once (not to mention it being at $0 balance for the duration) during that time. They upped me from $1400 to $2100. Before that I went from $700 to $1400 and had maybe used it twice (spending a total of maybe $100, if that, and PIF-ing) in the 90 days since the increase before that.

 

 

When I first got my card - with a $100 limit, in April 2007 - I used it to buy a few kitchen things, then paid in full... then each month I could usually find some random thing to buy while wandering round Macy's (it helped that it was 3 mins walk from my front door, so if I wanted a pair of socks, Macy's was the place to go!), and I'd PIF every time. New wallet - Macy's. Pizza pan? Macy's. New mascara? Macy's. You get the picture. Just buy some socks there if nothing else, at least the card will get some use! I personally love Macy's for the crazily reduced prices they always have on their kitchen stuff (and other things - most things, in fact) - at least, at our local store, if you take something up to the counter and ask them to scan it to check the price, it always seems to be about 60% lower than what's actually on the label. Weird.

 

If I remember the numbers right, my CLIs took me from $100 - $200 - $400 - $700 - $1400 - $2100 - every 90 days. I'm sure if I used the card more often, I'd have got even better increases than that - still, the day after they gave me this latest increase to $2100, I went out and spent $300 (now PIF'd) - at least I know my card will have had some use when CLI requesting time next (hopefully) rolls around. 

 

When I call to ask for a CLI I say I'm planning a shopping trip to Macy's the following weekend and don't want to risk maxing out my card - I'm sure they don't care what my 'reasons' are, as their computer tells them what CL I'm eligible for regardless of what I say, but it makes me feel less strange about asking for a CLI on a card that's had a zero balance and not been used in who knows how many months!

 

Congrats on the card - Macy's is a good 'un. First card I got when I moved to the US - they've been good to me. Treat them well and they will do the same for you! Smiley Happy 

EQ: 723 / TU: 760 (August 2009)
Message 10 of 13