topic Re: Macy's AMEX CLI confusion in Credit Card Applications

Macy's AMEX CLI confusion

1GaDawg85 — Fri, 02 Apr 2021 22:30:44 GMT

I find it funny that these are the reasons that Macy's is using to deny my CLI

• Proportion of loan balances to loan amounts is too high (Navy Fed card has a 12k balance reporting and everything else is 0)
•Time since the most recent account opening is too short (This was the last account I opened)
•Length of time accounts have been established (AAoA is over 10 years)
•Too many inquiries last 12 months (you got to be kidding, right?)

I will keep knocking on the door until someone answers.

Re: Macy's AMEX CLI confusion

GApeachy — Fri, 02 Apr 2021 22:58:27 GMT

@1GaDawg85 Are you only requesting online? Have you called? If not....... I think what it is is that Macy's wants you to phone home. They want you to call them and take a hp upside the head. I might be wrong but it smells stinky like that....kinda like what I went through with them. After that first hp, it was (almost) like clockwork requesting cli's online. But before that....crickets.

I took a hp and got $5k for my first cli. After that it was not exciting. (turned sour) $1.5k here, $1.5k there. I mean it grows faster than anything else (besides Bloomingdale's) but when I see $3k-$5k a pop for other's I was like $#@!

I'm not advising you to take a hp for a cli, just sharing a worthless tidbit.

Re: Macy's AMEX CLI confusion

blindambition — Fri, 02 Apr 2021 23:33:05 GMT

@GApeachy wrote:
@1GaDawg85 Are you only requesting online? Have you called? If not....... I think what it is is that Macy's wants you to phone home. They want you to call them and take a hp upside the head. I might be wrong but it smells stinky like that....kinda like what I went through with them. After that first hp, it was (almost) like clockwork requesting cli's online. But before that....crickets.
I took a hp and got $5k for my first cli. After that it was not exciting. (turned sour) $1.5k here, $1.5k there. I mean it grows faster than anything else (besides Bloomingdale's) but when I see $3k-$5k a pop for other's I was like $#@!
I'm not advising you to take a hp for a cli, just sharing a worthless tidbit.

There has been more than a couple who were required phoning before CLI train could continue the monthly ride.

Re: Macy's AMEX CLI confusion

M_Smart007 — Sat, 03 Apr 2021 00:51:43 GMT

@1GaDawg85,

I grew (2) Macy's cards (one store card and one Amex) to $25K each,

I believe it was just around a year or less for each one. I asked for a CLI every 31 days.

Had a few CLI denials along the way.

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Macy-s-Amex-CLI-quot-SP-quot-7000-00-Approved/m-p/6110231

ETA: I always asked for $8000.00

ETA #2: Except the last CLI

Re: Macy's AMEX CLI confusion

cashorcharge — Sat, 03 Apr 2021 04:25:44 GMT

$8000 was my magic number too! Worked for me

Gearing up for the same with Bloomies in a few weeks. Lower expectations but we'll see

Besides, 8 just feels like a lucky number 🪄🎉8️⃣

Re: Macy's AMEX CLI confusion

1GaDawg85 — Sat, 03 Apr 2021 14:53:32 GMT

@GApeachy wrote:
@1GaDawg85 Are you only requesting online? Have you called? If not....... I think what it is is that Macy's wants you to phone home. They want you to call them and take a hp upside the head. I might be wrong but it smells stinky like that....kinda like what I went through with them. After that first hp, it was (almost) like clockwork requesting cli's online. But before that....crickets.
I took a hp and got $5k for my first cli. After that it was not exciting. (turned sour) $1.5k here, $1.5k there. I mean it grows faster than anything else (besides Bloomingdale's) but when I see $3k-$5k a pop for other's I was like $#@!
I'm not advising you to take a hp for a cli, just sharing a worthless tidbit.

Yeah I'm not taking a HP when I'm starting the mortgage process.