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What's the chance for getting a Macy's credit card??

Valued Contributor

Re: What's the chance for getting a Macy's credit card??


awdsmama wrote:


Why doesn't Macy's report CL's?   Does that negatively impact fico at all?


They are reporting limits again.

Valued Contributor

Re: What's the chance for getting a Macy's credit card??


awdsmama wrote:

llecs wrote:

OP, I think you have a great shot. IIRC they pull EX and when I applied, and when we all had access to our EX FICOs, they pulled a 630-645 or there abouts. I started with $300 and it quickly increased to $3200 within a couple of years. Just know that the CLs don't report and therefore it won't help with utilization per FICO scoring.


Why doesn't Macy's report CL's?   Does that negatively impact fico at all?


That was then, Macy's now reports CL's.

Established Contributor

Re: What's the chance for getting a Macy's credit card??

Thanks  :-)

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Moderator Emeritus

Re: What's the chance for getting a Macy's credit card??


awdsmama wrote:

llecs wrote:

OP, I think you have a great shot. IIRC they pull EX and when I applied, and when we all had access to our EX FICOs, they pulled a 630-645 or there abouts. I started with $300 and it quickly increased to $3200 within a couple of years. Just know that the CLs don't report and therefore it won't help with utilization per FICO scoring.


Why doesn't Macy's report CL's?   Does that negatively impact fico at all?


Old bump!

 

At one point, Macys stopped reporting CLs. They reversed that a year or so ago. Per FICO, my store card didn't report a CL and therefore FICO ignored the balance and CL for util purposes. My special event account didn't report a CL either but it was factored in TU98 only based on the balance and the high balance (scored like a charge card). This is no longer the case, or at least for the store card. Mine reports a CL now.

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Valued Contributor

Re: What's the chance for getting a Macy's credit card??

You have a pretty good chance of getting a Macys card. I got a Macy's card in 2011. When I was approved, they weren't reporting CLs. Then after they began reporting them again...I found out my limit was only $100. LOL.

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