Wow: Macy's Just Opened A New Account

[Uncle_Money]

I had a charged off Macy's account from 1999. This was before my Uncle Money days

Anyway, thanks to the advice from my favorite financial forum, I read that Macy's will actually open an account if you pay the charged off balance.

This is, in fact, completely true as I just called the backdoor # and they happily opened a new account for me. I did a phone pay for $462.00 and my new card will arrive in the mail on or around November 6th with a credit line of $462.00, which is eligible for future increases. Not too shabby. Considering the economy these days, I'll take it!

I would have never, ever, ever discovered this without this forum AND I would have never known what # to call without the backdoor #. Thank you, guys!

UM

[tralyn05]

hmmm I had a Macy's card  that was charged off over 12 years ago (college)  and it's now showing open with no lates....... it's been showing that way for 5 years now...should I try to call and have it reinstated or leave it alone?

[creditwherecreditisdue]

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@Uncle_Money wrote:

I had a charged off Macy's account from 1999. This was before my Uncle Money days

Anyway, thanks to the advice from my favorite financial forum, I read that Macy's will actually open an account if you pay the charged off balance.

This is, in fact, completely true as I just called the backdoor # and they happily opened a new account for me. I did a phone pay for $462.00 and my new card will arrive in the mail on or around November 6th with a credit line of $462.00, which is eligible for future increases. Not too shabby. Considering the economy these days, I'll take it!

I would have never, ever, ever discovered this without this forum AND I would have never known what # to call without the backdoor #. Thank you, guys!

UM

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I rehab'ed a Macy's card in this manner. Started out with a few hundred dollars CL. Fast forward to this year: $3.7K CL on store account, invited to accept a Macy's Visa, did so, new account CL = $4K. There was no hard INQ for the Visa issuance. The card is definitely eligible for future increases!

[creditwherecreditisdue]

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@tralyn05 wrote:
hmmm I had a Macy's card  that was charged off over 12 years ago (college)  and it's now showing open with no lates....... it's been showing that way for 5 years now...should I try to call and have it reinstated or leave it alone?

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If it is reporting open why not call and inquire about getting new plastic? The worst thing they can tell you is that you owe them some money!

[Anonymous]

Did they give u a new account r did they reopen your old account?

[wfreeman3]

I had an account in good standing with them that I opened 30 years ago.  It no longer appears on my reports as I just stopped using it.  I wonder if they will re-instate that bad boy...  I sure could use that aging.

[creditwherecreditisdue]

They don't reopen old accounts. If you get rehab'ed they will open a new account and you will start over. My "new" account is 9+ years old. The original account would be between 30 and 35. At one time due to store M&A I also had more than one Macy's store account. Those were the days!