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Stores with instant credit

Frequent Contributor

Stores with instant credit

Can you help me to make a list of stores with instant credit and the banks they are going through? Macy's (citi), Nordstrom (nordstrom), BestBuy (HSBC), Sears (HSBC), JC Penny (?)

21 REPLIES
Moderator Emerita

Re: Stores with instant credit

When you say "instant credit," what exactly are you referring to? Applying at check-out?

JCPenney's is GEMB.

Sears is normally Citi. I think that the Sears HSBC card is what you get if you don't qualify for the Citi version.

To add some stores and their associated banks, although I don't know about the instant part:

Bloomingdales (DSNB, aka Citi, as is Macy's)

Home Depot (Citi)

Lowe's (GEMB)

J.Crew, Express, Structure, Eddie Bauer, a buncha similar upscale mall stores, Lane Bryant (I think they've switched back) --all these are WFNNB
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Frequent Contributor

Re: Stores with instant credit

Yeah, I meant fast application at checkout and the ones that allow you to get approved instantly and shop right away. BTW which ones except Macy's and Nordies will give good initial CL for a good credit?
Regular Contributor

Re: Stores with instant credit

Gordon's Jewlers is citi bank
apping spree or shopping spree...lesser of 2 evils???hmmm
Moderator Emerita

Re: Stores with instant credit


Lexa wrote:
Yeah, I meant fast application at checkout and the ones that allow you to get approved instantly and shop right away. BTW which ones except Macy's and Nordies will give good initial CL for a good credit?

I would think that pretty much any store card would do this. Turn up back at the customer service desk with a cart full of stuff, and I understand that this helps you get a nice initial CL. Smiley Wink

Kohl's is one. Handled by Chase, which pulls your Experian Vantage score, the only lender we know of that uses a FAKO.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Super Contributor

Re: Stores with instant credit

Target, Kohls, Conns, Best Buy, Sears, Sams for Discover, Newegg, Furniture Row
10/17/2017 FICO: EQ 829 TU 830 EX 826
Valued Contributor

Re: Stores with instant credit

HSBC - Saks, Neiman Marcus, Bergdorf Goodman - I had an acct instant app for Saks when I bought one item for $1K, my initial CL given upon purchase was $2K. I think (no real evidence) that more upscale stores tend to give more generous starting CL's. After all, their items do cost a little bit more... HSBC, they have been known to slash CL's due to inactivity.  

 

WFNNB - Victorias secret, crate and barrel,there are a bunch of other little stores too.

 

GEMB - Banana Republic, Gap, Old Navy  - from research, have not seen higher CL's on gap and old navy, typically starting at 250-300.  Ethan Allen is GEMB as is Thomasville.

 

 

 


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Current Score: 687 EQ - 705 TU on 7/18/10
Goal Score: 700 + both EQ and TU


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Frequent Contributor

Re: Stores with instant credit


Lexa wrote:

Can you help me to make a list of stores with instant credit and the banks they are going through? Macy's (citi), Nordstrom (nordstrom), BestBuy (HSBC), Sears (HSBC), JC Penny (?)


Best Buy uses both HSBC and JPMorgan Chase, just to note.
If you are declined by HSBC, your application is automatically and immediately reviewed by JPMorgan Chase at the Customer Service Desk.
This is, however, only for the Best Buy Private Label Credit Card. The Best Buy RewardZone MasterCard is serviced only by HSBC. 

 

Despite my employment in the banking industry, any and all views contained in this post are purely my own, and do not represent any financial institution, nor constitute as financial or investment guidance or advise.
New Visitor

Re: Stores with instant credit

Best Buy uses HSBC for the Reward Zone Mastercard and also for the store card. If your credit isn't good enough for HSBC on the store credit, it will automatically run it for chase, which they say gets more approvals.
Valued Contributor

Re: Stores with instant credit

American Signature Furniture (AKA Value City Furniture) is WFFNB; I got a preapproval on the website while entering a giveaway!