topic Re: Macy's - Talk Me Off the Ledge in Credit Card Applications

Macy's - Talk Me Off the Ledge

VintageMel — Sat, 22 May 2021 00:33:21 GMT

Opening a Macy’s credit card has long held a strong appeal for me, for largely illogical reasons that I can’t even really explain. I don’t get it, I just really want this card.

Granted, I do shop a fair amount at Macy’s. For the past two years if I had had the credit card I would have qualified for Platinum status. So, it’s not like it would be useless to me. On the other hand, I have other great cash back cards that would make more sense to use since I can use cashback rewards anywhere, and those cards often have additional offers for 5-10% back at Macy’s.

Shopping in-store can be a pain sometimes without the card. They frequently offer extra sales that you can easily get online through the free Star Rewards membership, but in-store those same discounts are advertised for card holders only. You can get the discount in-store without a card but I find that it often involves going through an annoying song and dance with the store associate, having to say never mind I’m just going to buy this stuff online before they magically figure out how to enter the correct coupon code. This doesn’t happen all the time, but often enough that it gets old after a while.

On the con side, I have already opened 3 new cards in the last year: Citi DC June 2020, Chase FU and Amex Delta Gold both in October 2020. I have 4 inquiries on EX (1 falls off in August), 1 on EQ, and 2 on TU. My intention was/is to remain in the garden for a while. I am leery of going overboard with “credit seeking” behavior, especially in the current economy.

So overall I feel like the case for applying for this card is pretty weak, and yet … I still want to. I have even ignored the temptation to go for Chase’s pre-approved offers for the CSP (despite that awesome sign up bonus), but for some reason this blasted card is like mental catnip.

Any advice on how to let your better judgment win out over “Ooh, but it’s shiny and I want it!”? Or any Macy’s cardholders have any insight into other perks or benefits that might make the application worth it?

Re: Macy's - Talk Me Off the Ledge

Brian_Earl_Spilner — Sat, 22 May 2021 00:45:35 GMT

I can't talk you off the ledge. You'll understand why if you read my Nordstrom and Macy threads. I finally got mine last year during the pandemic in the middle of a 6 or 7 card, I hate to use the word, spree. $300 limit grown to over $7k in a year. You'll have to pry it from my cold, dead fingers. You can have my Nordstrom one though.

Re: Macy's - Talk Me Off the Ledge

designated_knitter — Sat, 22 May 2021 00:57:21 GMT

your scores are pretty strong and sounds like you have a strong profile. Maybe the Macy's AMEX is within reach and would be best of both worlds.

Plus you can't beat the Frango Mints (sentimental attachment since they took over Marshall Fields in Chicago)

Re: Macy's - Talk Me Off the Ledge

AverageJoesCredit — Sat, 22 May 2021 01:45:07 GMT

1 word...Covid!

Life's too short, if you want a cc go for it. Nothing wrong with having a guilty pleasure whether its a cc or a handbag, or a nice watch. Just me though,

Re: Macy's - Talk Me Off the Ledge

VintageMel — Sat, 22 May 2021 02:44:36 GMT

@AverageJoesCredit wrote:
1 word...Covid!

Life's too short, if you want a cc go for it. Nothing wrong with having a guilty pleasure whether its a cc or a handbag, or a nice watch. Just me though,

Are you suggeting that the universe will not collapse on itself if I do not base a credit decision on thorough usefulness calculations and extensive over-thinking? That's crazy talk. I guess maybe I get too hung up on the slow and very deliberate way I've built up my credit, and am sometimes overly cautious.

Also, @Brian_Earl_Spilner I'm glad there's no R2-D2 luggage invovled in my case or I would have caved immediately.

Re: Macy's - Talk Me Off the Ledge

Anonymous — Sat, 22 May 2021 02:47:29 GMT

@VintageMel wrote:
Opening a Macy’s credit card has long held a strong appeal for me, for largely illogical reasons that I can’t even really explain. I don’t get it, I just really want this card.

Granted, I do shop a fair amount at Macy’s. For the past two years if I had had the credit card I would have qualified for Platinum status. So, it’s not like it would be useless to me. On the other hand, I have other great cash back cards that would make more sense to use since I can use cashback rewards anywhere, and those cards often have additional offers for 5-10% back at Macy’s.

Shopping in-store can be a pain sometimes without the card. They frequently offer extra sales that you can easily get online through the free Star Rewards membership, but in-store those same discounts are advertised for card holders only. You can get the discount in-store without a card but I find that it often involves going through an annoying song and dance with the store associate, having to say never mind I’m just going to buy this stuff online before they magically figure out how to enter the correct coupon code. This doesn’t happen all the time, but often enough that it gets old after a while.

On the con side, I have already opened 3 new cards in the last year: Citi DC June 2020, Chase FU and Amex Delta Gold both in October 2020. I have 4 inquiries on EX (1 falls off in August), 1 on EQ, and 2 on TU. My intention was/is to remain in the garden for a while. I am leery of going overboard with “credit seeking” behavior, especially in the current economy.

So overall I feel like the case for applying for this card is pretty weak, and yet … I still want to. I have even ignored the temptation to go for Chase’s pre-approved offers for the CSP (despite that awesome sign up bonus), but for some reason this blasted card is like mental catnip.

Any advice on how to let your better judgment win out over “Ooh, but it’s shiny and I want it!”? Or any Macy’s cardholders have any insight into other perks or benefits that might make the application worth it?

I applied for the Macy's Amex after having opened up 5 or more credit cards before them. Got approved for $1000 which is the standard amount they give you when you apply online. I heard they do $2000 if you apply in person at the store. My credit limit is now $10k after about 6 months with them.

Re: Macy's - Talk Me Off the Ledge

Brian_Earl_Spilner — Sat, 22 May 2021 03:31:50 GMT

@VintageMel wrote:
@AverageJoesCredit wrote:
1 word...Covid!

Life's too short, if you want a cc go for it. Nothing wrong with having a guilty pleasure whether its a cc or a handbag, or a nice watch. Just me though,
Are you suggeting that the universe will not collapse on itself if I do not base a credit decision on thorough usefulness calculations and extensive over-thinking? That's crazy talk. I guess maybe I get too hung up on the slow and very deliberate way I've built up my credit, and am sometimes overly cautious.

Also, @Brian_Earl_Spilner I'm glad there's no R2-D2 luggage invovled in my case or I would have caved immediately.

R2 pushed me over the ledge

Re: Macy's - Talk Me Off the Ledge

babygirl1256 — Sun, 23 May 2021 15:15:01 GMT

@VintageMel I'd say go for it . . . Macy's is my store (LOL) and there are so many perks that it's well worth it. In fact, on yesterday I ordered my mother-in-law (age 85) a robe and it cost me only $0.83 because I redeemed some of my Star Rewards Money . . . I just love shopping at Macy's and they recently raised my CL to $12k. You can't go wrong with a Macy's card . . . Yes, go Macy's Platinum!!!

Re: Macy's - Talk Me Off the Ledge

VintageMel — Sun, 23 May 2021 13:30:12 GMT

@babygirl1256 wrote:
@VintageMel I'd say go for it . . . Macy's is my store (LOL) and there are so many perks that it's well worth it. In fact, on yesterday I ordered my mother-in-law (age 85) a robe and it cost me only $0.83 because I redeemed some of my Star Rewards Money . . . I just love shopping at Macy's and they recently raised my CL to $12k. You can't go wrong a Macy's card . . . Yes, go Macy's Platinum!!!

This may be just what I needed to hear. Especially since Star Money Bonus Days start in a few days, it would be nice to maximize that.

Plus if no one on the MyFico forums think this is a terrible idea, then maybe it isn't. Unless you are all just bad influences.

Re: Macy's - Talk Me Off the Ledge

Brian_Earl_Spilner — Sun, 23 May 2021 13:38:48 GMT

They just sent me $50 and 2, 25% coupons

Re: Macy's - Talk Me Off the Ledge

designated_knitter — Sun, 23 May 2021 18:04:36 GMT

@VintageMel wrote:
@babygirl1256 wrote:
@VintageMel I'd say go for it . . . Macy's is my store (LOL) and there are so many perks that it's well worth it. In fact, on yesterday I ordered my mother-in-law (age 85) a robe and it cost me only $0.83 because I redeemed some of my Star Rewards Money . . . I just love shopping at Macy's and they recently raised my CL to $12k. You can't go wrong a Macy's card . . . Yes, go Macy's Platinum!!!

This may be just what I needed to hear. Especially since Star Money Bonus Days start in a few days, it would be nice to maximize that.

Plus if no one on the MyFico forums think this is a terrible idea, then maybe it isn't. Unless you are all just bad influences.

Oh! We most definitely are bad influences! Your addressing a group of people that collect credit cards. It would be like going to your local bookstore and asking them if you have too many books.... while showing you the latest bestseller from the New York Times list!

Or me going int a yarn shop and asking them if I have too much yarn as they haul out The cashmere yarn!

Still doesn't make it a bad idea 😂

Re: Macy's - Talk Me Off the Ledge

Anonymous — Sun, 23 May 2021 19:16:16 GMT

I am like you in that every pull is a long thought out grind. I have had my Macy's card for 3-4 years. Last year my credit limit was $300. Now it is a whopping $22,800. My highest limit. I wish they would convert it already. My only knock against the card is no 0% interest offers or I would use it a lot more. Get the card is my vote.

Re: Macy's - Talk Me Off the Ledge

GrandBay — Mon, 24 May 2021 03:51:24 GMT

I think you nailed it - bad influences haha

Re: Macy's - Talk Me Off the Ledge

GrandBay — Mon, 24 May 2021 03:52:46 GMT

everyone voted for apply so let us know how it goes!

Re: Macy's - Talk Me Off the Ledge

VintageMel — Fri, 28 May 2021 16:11:56 GMT

Well, after much mental hand wringing I went ahead and did it. Now I just have to hope that the rewards are worth the new account ding on my scores for another year+.

Approved in-store for the Macy's AmEx, $7,000.

Thanks everyone for ~~egging me on~~ your encouragement.

Re: Macy's - Talk Me Off the Ledge

FinStar — Fri, 28 May 2021 16:55:52 GMT

As the OP has provided an update on their approval, this thread is now locked and closed to new messages.