topic Re: Denied Macy’s Credit Card with 830 FICO in Credit Card Applications

Denied Macy’s Credit Card with 830 FICO

Anonymous — Sat, 27 Oct 2018 20:32:22 GMT

So this has NEVER happened to me but I was just denied a Macy’s credit card. As the subjects indicates, I have an 834 FICO and an income of about 200,000 a year. This would be my fourth credit card and basically pay all credit cards off each month.

HOW is this possible?

Re: Denied Macy’s Credit Card with 830 FICO

Anonymous — Sat, 27 Oct 2018 20:37:24 GMT

@Anonymous wrote:
So this has NEVER happened to me but I was just denied a Macy’s credit card. As the subjects indicates, I have an 834 FICO and an income of about 200,000 a year. This would be my fourth credit card and basically pay all credit cards off each month.

HOW is this possible?

I'm assuming this card is issued by Citbank, correct? So what reason(s) did Citibank give for the denial?

Re: Denied Macy’s Credit Card with 830 FICO

Anonymous — Sat, 27 Oct 2018 20:45:35 GMT

As I was reading the credit app it showed two different banks were possible. One was AMEX but don’t remember the other but I suppose it could have been Citibank.

I just applied today so don’t have an explanation yet. But yeah, I’m pretty shell shocked. Trying to figure out what possibly could have gone wrong. Did I acidentally put 20k instead of 200k? Would it even matter?

Re: Denied Macy’s Credit Card with 830 FICO

FlaDude — Sat, 27 Oct 2018 21:04:08 GMT

@Anonymous wrote:
I just applied today so don’t have an explanation yet. But yeah, I’m pretty shell shocked. Trying to figure out what possibly could have gone wrong. Did I acidentally put 20k instead of 200k? Would it even matter?

Could be. Amex denied my wife with an 824 score and < 2k total balances for too little income. We only listed her personal income of 10k when she applied. I would expect a store card to be more lenient though. Please let us know what reason they give when you receive the letter.

Re: Denied Macy’s Credit Card with 830 FICO

Anonymous — Sat, 27 Oct 2018 21:12:15 GMT

Thanks. Wish there was a way to know whether I made that mistake. Sucks because I applied because I was going to get 50% off on a dress and suit. Would have been great.

And, if it was the income (which I have no idea really), is there anything I can do to either remove the credit check because it was wrong or reapply without it looking like I applied twice?

Will make sure to update when I get the letter. Thanks.

Re: Denied Macy’s Credit Card with 830 FICO

CreditCuriosity — Sat, 27 Oct 2018 21:55:20 GMT

Citi retail does the Macy card and they have two versions of it the Retail card and the Amex card that runs on the Amex network not to be confused by the Centurion Bank Amex that runs the networks. So it would be Citibank that denied you not amex, even if it was for the Amex card as it just runs on Amex's network and that is all. Be interesting to here the reasons when the letter comes

Re: Denied Macy’s Credit Card with 830 FICO

AverageJoesCredit — Sat, 27 Oct 2018 22:04:44 GMT

It is not the income. Macy's is one of the most liberal when it comes to giving credit limits. Macys card is DSNB Department Store National Bank a part of Citi. I have such low income id be laughed at here so might be something else they dont like.

Re: Denied Macy’s Credit Card with 830 FICO

Loquat — Sat, 27 Oct 2018 22:45:01 GMT

If you didn't fat-finger the income then this one is a head scratcher. OP, if you are so inclined, please do chime back in and let us know the reason for denial. Macy's is a very easy one to pick up so this does shock me just a bit.

Re: Denied Macy’s Credit Card with 830 FICO

Anonymous — Sat, 27 Oct 2018 23:08:40 GMT

Thanks everyone. Will definitely come back and relay what they say. For now, the only other thing I can think of (if it’s Citibank) is that I used to have a citi card (credit line as high as 50k) that was eventually closed because I stopped using it. I’m thinking it was closed 4-5 years ago.

Anyway, enough speculating I suppose. Looking forward to reading the letter.

Re: Denied Macy’s Credit Card with 830 FICO

pizza1 — Sat, 27 Oct 2018 23:55:10 GMT

OP..
By any chance do you have any of CR's frozen, or a fraud alert on them?

Re: Denied Macy’s Credit Card with 830 FICO

Anonymous — Sun, 28 Oct 2018 00:26:36 GMT

Frozen? It seems unlikely. I have access to my FICO from two of the three agencies so I assume they’re good. Don’t know about the third.

I was recently part of one of those credit breaches about a year and a half ago and had to go through some hoops to get my phones approved within that timeframe.

I have a trusted id account but not sure whether it would say anything. Finally, I did have my identity stolen 10-12 years ago and went through hell to clear things up. But as far as I know, all that stuff has been cleared.

Re: Denied Macy’s Credit Card with 830 FICO

xaximus — Sun, 28 Oct 2018 02:56:31 GMT

OP - have you had any collections/CO's with Citi?

Re: Denied Macy’s Credit Card with 830 FICO

Anonymous — Sun, 28 Oct 2018 03:17:16 GMT

Wow...

Re: Denied Macy’s Credit Card with 830 FICO

Anonymous — Sun, 28 Oct 2018 06:28:00 GMT

As far as the collections question, perhaps this is the time to admit my credit wasn’t always so good. I had that citi card I mentioned earlier for nearly 25 years before they closed it because I stopped using it. I did have an issue with that card in the 90’s, when I was a poor grad student. I don’t remember everything but I am fairly sure I did pay everything back. And like I mentioned, I eventually worked the limit back up pretty so.

So I suppose you could say my history with Citibank is not perfect. But the issues are over 20 years old.

But maybe.

Re: Denied Macy’s Credit Card with 830 FICO

Anonymous — Sun, 28 Oct 2018 07:15:10 GMT

That's insane!!!!!!!!!!!!!!!!!!!!!!!! This credit game never seizes to amaze me. Will be interested in the reasons you are given. WOW! In disbelief! No wonder they are going out of biz slowly!!!!

Good luck and update

Re: Denied Macy’s Credit Card with 830 FICO

Anonymous — Sun, 28 Oct 2018 07:16:53 GMT

Are any of your bureau reports frozen? Good thought!!

Re: Denied Macy’s Credit Card with 830 FICO

Brian_Earl_Spilner — Sun, 28 Oct 2018 07:23:12 GMT

@AverageJoesCredit wrote:
It is not the income. Macy's is one of the most liberal when it comes to giving credit limits. Macys card is DSNB Department Store National Bank a part of Citi. I have such low income id be laughed at here so might be something else they dont like.

I've never been approved by them, even when my credit was excellent. Also had issues with the Best Buy mc. Citi just doesn't like me. But it's ok cause I don't like them either. Probably better that I can't be approved by them or I'd be broke. Lol

Re: Denied Macy’s Credit Card with 830 FICO

blindambition — Sun, 28 Oct 2018 07:29:01 GMT

If there was an issue with old Citi card, this company has a long memory.
Hope you get answers. While I like Macy’s, I say No Thanks to Citi. Their rewards are outmatched by many other lenders.

Re: Denied Macy’s Credit Card with 830 FICO

Gmood1 — Sun, 28 Oct 2018 16:20:23 GMT

Did the language indicate a denial? Or did it say they need more time to evaluate the application?

Citi will at times have you go through verification before approving the application.

It's not unheard of being denied with 800 scores. I see it around here quite often actually. The problem is, people are led to believe scores alone will dictate an approval. Unfortunately, certain lender's algorithms don't see it quite that simple.
You could always call in and see if you can get a second look at your app. It could have been something as minor as one number off in your information.

Re: Denied Macy’s Credit Card with 830 FICO

AverageJoesCredit — Mon, 29 Oct 2018 01:20:51 GMT

+1 on the score isnt everything. Ive been denied ,i believe more based off my income or debt load than score. When you have 730-760's you'd think approvals would come easy.. Not as always the case🤔