Reply
Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Why do people apply for store cards?

Or even sometimes an occasional shopper!  Depends how much you think a HP costs (which varies with your situation and your credit app plans).

So I remember years ago being at the Gap and buying maybe $150 of clothes.  At checkout, they offered a store card which would give 20% of this (first) purchase.

Since I didn't know about HPs then, this was a no-brainer, using my 1% Visa card would give me $1:50, this would give me $30.

 

Today, now, I would make the same decision as I don't care about the hard pull in the next year.  If it was about to get a mortgage, then probably not!

 

 

Frequent Contributor
Posts: 272
Registered: ‎12-13-2012
0

Re: Why do people apply for store cards?

For the past year, I had only a Macy's card.  I applied with them because it keeps my majors free for other expenditures.  I applied for Bloomingdale's Thursday and was approved, probably without a CR because the approval came so quickly that my computer didn't even have to "think" about it.  I won't use the Bloomies much as I only applied because I needed new jeans and I don't like any that Macy's carries.  Otherwise, Macy's would have been my only store card.  I have spent over $2,500 in the last year with Macy's qualifying me for their "elite" card which gives me 18 free perks per year, like gift wrapping, basic alterations, etc.  They also send me Star Rewards coupons which give me an additional 20% off most everything in the store (except for "high end" merchandise), even stuff already on sale, and I get $10 and $25 one time use coupons as well.

 

I loves me my Macy's.

Experian Score: 689--Amex 27 July 2014; Equifax Score 680--MyFICO--17 September 2014; TransUnion Score 718-Discover 20 August 2014--PUH-RAISE JESUS, I finally broke 700!!! Cards and Credit Lines: Escape by Discover, Chase Freedom Signature Visa, Chase United MileagePlus Explorer Signature Visa, Chase Sapphire Preferred Signature Visa, Barclay's Holland America Visa, Citibank Custom Credit Line, Paypal Custom Connect Credit Line, Bloomingdale's, Macy's Premier Elite, Amazon Store Card, Lord & Taylor, Nordstrom, Discover It, Gold Delta SkyMiles from American Express, PayPal BML.
Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
0

Re: Why do people apply for store cards?


randeman wrote:

For the past year, I had only a Macy's card.  I applied with them because it keeps my majors free for other expenditures.  I applied for Bloomingdale's Thursday and was approved, probably without a CR because the approval came so quickly that my computer didn't even have to "think" about it.  I won't use the Bloomies much as I only applied because I needed new jeans and I don't like any that Macy's carries.  Otherwise, Macy's would have been my only store card.  I have spent over $2,500 in the last year with Macy's qualifying me for their "elite" card which gives me 18 free perks per year, like gift wrapping, basic alterations, etc.  They also send me Star Rewards coupons which give me an additional 20% off most everything in the store (except for "high end" merchandise), even stuff already on sale, and I get $10 and $25 one time use coupons as well.

 

I loves me my Macy's.


i also love my Macy's card. 

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Contributor
Posts: 85
Registered: ‎03-01-2012
0

Re: Why do people apply for store cards?

[ Edited ]

I think most store cards are worthless but I have a Banana Republic Visa simply because I shop there a lot and the majority of the time, you need to use a BR card as a payment type in order to get their sales such as 40% off.

 

I have no regrets in getting one because I get 5 points for every dollar I spend (amounts to 5%) in addition to all the discounts from the coupons and rack up hundreds of dollars in rewards every year.  Plus you get the same rewards for every store in the Gap family, not just BR.  I think my limit was $1000 when I first opened it 5 years ago but it has grown to a $5000 limit which is very respectable considering I only use the card for BR purchases.

Valued Contributor
Posts: 2,263
Registered: ‎07-23-2012
0

Re: Why do people apply for store cards?

[ Edited ]

i have 5 store cards but maybe will be cutting them down 

 

Best Buy-Use this for rewards points and 0% finance deals of 6months -2 years 

Macy's- Multiple sales/star rewards/ and progams like thank you that give 10% cash back on a gift card to the store. 

Kohl's-Sales mostly but i usually just put 1 dollar on here (since its only a 400 limit) and paid the rest with my freedom which had 5% cashback on that at the time. 

American Eagle(i got this because i shopped here alot. no real rewards. besides not tying up my real cards limit) ive hit 40% off twice which is equal to 500 spend in three months (between myself and friends/holiday shopping)

Walmart- I got this for the free TU Fico, and i actually planned on using it. has grown that fastest for me from 800 in july when approved to 5k at the end of october. 

 

edited for spelling 

Current: Discover Fico 682 1/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
Over 12 Months:4


2014 Goals:
Lower Utility
15% right now, but going up soon :smileysad:
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Frequent Contributor
Posts: 292
Registered: ‎01-17-2009
0

Re: Why do people apply for store cards?

[ Edited ]
i also love my Macy's card.

 

star rewards, 15% and/or $20 off coupons, special offers, thanks for sharing program for spending over the holiday period... and I have the Macy's Amex TL, so I can make purchases outside of Macy's. 

BofA visa $9.4k ... BofA Cash Rewards visa sig $10k ... Cap 1 Venture1 visa sig $10k ...
Chase Freedom visa $10k ... Macy's $1.5k ... Macy's Amex $5k ... Sam's Club $6.3k
myFICOs as of 3/25/14:...EX=809 .... EQ=802....TU=787
Established Member
Posts: 48
Registered: ‎12-28-2012
0

Re: Why do people apply for store cards?

i think in my opinion that store cards are greatest because you get to save, exclusive inviatations, you know sale before non-cardmembers and if you pay in full theres no problem Here are my cards: 

 

Nordstrom Visa: 10,000 

Bloomingdales Amex: 10,000 

Lowes: $10,000 

Home Depot: $7,500

P.C. Richards 6,000

Neiman Marcus: $5,000

Saks: $4,000.00 

Lord & Taylor $4,000.00 

 

Proably never gonna apply for store again because I have every one that I need 


Imua wrote:

jsickz32 wrote:

randeman wrote:

For the past year, I had only a Macy's card.  I applied with them because it keeps my majors free for other expenditures.  I applied for Bloomingdale's Thursday and was approved, probably without a CR because the approval came so quickly that my computer didn't even have to "think" about it.  I won't use the Bloomies much as I only applied because I needed new jeans and I don't like any that Macy's carries.  Otherwise, Macy's would have been my only store card.  I have spent over $2,500 in the last year with Macy's qualifying me for their "elite" card which gives me 18 free perks per year, like gift wrapping, basic alterations, etc.  They also send me Star Rewards coupons which give me an additional 20% off most everything in the store (except for "high end" merchandise), even stuff already on sale, and I get $10 and $25 one time use coupons as well.

 

I loves me my Macy's.


i also love my Macy's card. 


 


 

 

 

Valued Contributor
Posts: 1,507
Registered: ‎07-24-2011
0

Re: Why do people apply for store cards?

I had to rebuild so it was much easier to qualify for store cards than the major CC's.  My Macy's I really love as well because I have gotten some extremely deep discounts (like 70% off) on many items.  And plus if you catch something you purchased on sale for even less money within 14 days you can get that lower price too!  The JCP is okay because they do have sales on their linen products that I like plus you can get the $10, 20 bucks off certificates based on your spending.  Other than that the remaining are SD and just help out with util.

 

 


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.