topic Saks Fifth Avenue Card Changes in Credit Card Applications

Saks Fifth Avenue Card Changes

cashorcharge — Wed, 02 Oct 2024 17:39:34 GMT

Has anyone noticed that Saks Fifth Avenue's Store Card and WEMC are now no longer underwritten by Capital One and are now with Comenity? Seems like the sort of thing someone would have posted or perhaps I missed it.

Additionally, in the past, the one way to get the WEMC version was to apply in-person in store. Now it appears you can PRE-QUAL via SP for both cards online. Anyone ventured down this path yet? The last SFA approvals I found were old CLI approvals

Why is Saks not accepting applications?

BigApple — Wed, 12 Jun 2024 12:55:30 GMT

Tried to apply for a saks store card or there master card and all I can find is web page that says coming soon.

Anyone know whats going on with saks Fifth Ave or am I missing something?

Re: Why is Saks not accepting applications?

GabrielTruman — Wed, 12 Jun 2024 13:53:27 GMT

Because Saks is moving its credit card portfolio over to Comenity/Bread. It should be complete in the 3rd quarter of this year. https://www.bdtonline.com/news/nation_world/bread-financial-signs-long-term-agreement-to-provide-dual-credit-card-program-for-saks-fifth/article_7d346145-e685-55a4-9b4a-85105239b667.html

Re: Why is Saks not accepting applications?

shadanat — Fri, 28 Jun 2024 16:52:29 GMT

I received an email today saying that the transition will happen on August 16th

Re: Why is Saks not accepting applications?

cashorcharge — Wed, 02 Oct 2024 17:41:15 GMT

Just noticed the change to Comenity on their website

Re: Saks Fifth Avenue Card Changes

NoMoreE46 — Wed, 02 Oct 2024 18:15:33 GMT

@cashorcharge wrote:
Has anyone noticed that Saks Fifth Avenue's Store Card and WEMC are now no longer underwritten by Capital One and are now with Comenity? Seems like the sort of thing someone would have posted or perhaps I missed it.

Additionally, in the past, the one way to get the WEMC version was to apply in-person in store. Now it appears you can PRE-QUAL via SP for both cards online. Anyone ventured down this path yet? The last SFA approvals I found were old CLI approvals

wow - I figured you that would have a personal shopper.

Did not think you'd grab something 'off the rack' even at Saks.

Re: Why is Saks not accepting applications?

NoMoreE46 — Wed, 02 Oct 2024 19:36:34 GMT

Re: Why is Saks not accepting applications?

shadanat — Wed, 02 Oct 2024 19:39:27 GMT

They switched from Cap One to Comenity. You can apply now

Re: Why is Saks not accepting applications?

UncleB — Wed, 02 Oct 2024 20:04:34 GMT

I don't have a Saks card, but somehow I missed this news.

Capital One lost Walmart, now Saks... I wonder if this is a sign of the times for them?

Re: Saks Fifth Avenue Card Changes

cashorcharge — Wed, 02 Oct 2024 20:25:56 GMT

@NoMoreE46 wrote:
@cashorcharge wrote:
Has anyone noticed that Saks Fifth Avenue's Store Card and WEMC are now no longer underwritten by Capital One and are now with Comenity? Seems like the sort of thing someone would have posted or perhaps I missed it.

Additionally, in the past, the one way to get the WEMC version was to apply in-person in store. Now it appears you can PRE-QUAL via SP for both cards online. Anyone ventured down this path yet? The last SFA approvals I found were old CLI approvals

wow - I figured you that would have a personal shopper.

Did not think you'd grab something 'off the rack' even at Saks.

My personal shopper is at Neiman Marcus but it's always nice to have options

Re: Why is Saks not accepting applications?

cashorcharge — Wed, 02 Oct 2024 20:32:28 GMT

@UncleB wrote:
I don't have a Saks card, but somehow I missed this news.

Capital One lost Walmart, now Saks... I wonder if this is a sign of the times for them?

Glad I wasn't the only one @UncleB

For science, I did the prequal....but it stated my offer was for $10,000 and may increase or decrease after the HP. I passed....don't need another $10,000 sock drawer. Had it been higher, well...

Re: Why is Saks not accepting applications?

CreditPoor — Thu, 03 Oct 2024 16:37:20 GMT

Anyone know what bureau they pull?

Re: Why is Saks not accepting applications?

cashorcharge — Thu, 03 Oct 2024 16:44:58 GMT

@CreditPoor wrote:
Anyone know what bureau they pull?

"Typically" Comenity pulls EQ

Re: Saks Fifth Avenue Card Changes

elixir — Thu, 16 Jan 2025 20:59:16 GMT

Applied for the Mastercard and Approved for $4400. Not an instant approval, got a letter in the mail to call for additional verification.

Re: Saks Fifth Avenue Card Changes

CreditMagic7 — Fri, 24 Jan 2025 06:44:05 GMT

It's ON, OPEN and HOT!

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/SAKS-WEMC-Instant-Approval-5K/td-p/6807541

Re: Saks Fifth Avenue Card Changes

DebbsSeattle — Sun, 26 Jan 2025 01:50:48 GMT

I went down the pre-approved rabbit hole today. I revived a $6,400 offer on the MC but decided to hold off until I can qualify for more.