topic Re: Macy's combined credit limits. maybe in Credit Cards

Macy's combined credit limits. maybe

taxi818 — Sat, 09 May 2015 23:00:31 GMT

I have been hearing the rumblings of the macy's combined limits for months (special events). and another member told me to get it before they combined. so i called from the advice of popamode72. and they gave me 5k limit. my card has been at 1200 for a while. started at 300. looks like every increase they want to give me . 100-200 dollars. so tight but now. they gave me 5k. asked for 10. but they counted with 5k. maybe because i have not used the card in 6 months. hmm. but anyway. waiting to see the day when it is all combined. Thinking about going for jewelry line next. to boost the card. Does anybody have any solid information as to when they will combine these limits. so i know what to expect? thanks all.

Re: Macy's combined credit limits. maybe

chalupaman — Sat, 09 May 2015 23:31:00 GMT

@taxi818 wrote:
I have been hearing the rumblings of the macy's combined limits for months (special events). and another member told me to get it before they combined. so i called from the advice of popamode72. and they gave me 5k limit. my card has been at 1200 for a while. started at 300. looks like every increase they want to give me . 100-200 dollars. so tight but now. they gave me 5k. asked for 10. but they counted with 5k. maybe because i have not used the card in 6 months. hmm. but anyway. waiting to see the day when it is all combined. Thinking about going for jewelry line next. to boost the card. Does anybody have any solid information as to when they will combine these limits. so i know what to expect? thanks all.

They kept saying June but didn't give me a specific date. The crazy thing about this is that I haven't used any of my Macys cards yet since I got them so I'm probably gonna put some small charges on them to keep them active. Will be even easier since they made it clear that it's all gonna be on one account now and you can use the card for different financing options. It's one of those cards I'm so glad I didn't close. Might have missed out on a great opportunity like this to still get some higher limits.

Re: Macy's combined credit limits. maybe

taxi818 — Sat, 09 May 2015 23:53:49 GMT

@chalupaman wrote:
@taxi818 wrote:
I have been hearing the rumblings of the macy's combined limits for months (special events). and another member told me to get it before they combined. so i called from the advice of popamode72. and they gave me 5k limit. my card has been at 1200 for a while. started at 300. looks like every increase they want to give me . 100-200 dollars. so tight but now. they gave me 5k. asked for 10. but they counted with 5k. maybe because i have not used the card in 6 months. hmm. but anyway. waiting to see the day when it is all combined. Thinking about going for jewelry line next. to boost the card. Does anybody have any solid information as to when they will combine these limits. so i know what to expect? thanks all.
They kept saying June but didn't give me a specific date. The crazy thing about this is that I haven't used any of my Macys cards yet since I got them so I'm probably gonna put some small charges on them to keep them active. Will be even easier since they made it clear that it's all gonna be on one account now and you can use the card for different financing options. It's one of those cards I'm so glad I didn't close. Might have missed out on a great opportunity like this to still get some higher limits.

Was reading some older threads now. it looks like it will happen on july 26th. so still 2 months away. its just a buffer mostly. i do buy at macy's sometimes. but i must tell you. they did piss me off before.

I had a balance of about 80 dollars.

I paid it in full like on the 6th of the month. the next month. when my statement cut. on the 11th. i had a 2 dollar balance. im like what is this chit. they said minimum interest. as apparently no grace period. i said so if i had not looked at my account assuming it was paid in full. i would be in world of hurt huh?>. she said always look at account. my goodness. ive not charged in 6 months and i stil lcheck it to make sure no little surprises. but i have app that checks all my accounts now. so no way could i ever be late.

Re: Macy's combined credit limits. maybe

chalupaman — Sun, 10 May 2015 00:25:27 GMT

@taxi818 wrote:
@chalupaman wrote:
@taxi818 wrote:
I have been hearing the rumblings of the macy's combined limits for months (special events). and another member told me to get it before they combined. so i called from the advice of popamode72. and they gave me 5k limit. my card has been at 1200 for a while. started at 300. looks like every increase they want to give me . 100-200 dollars. so tight but now. they gave me 5k. asked for 10. but they counted with 5k. maybe because i have not used the card in 6 months. hmm. but anyway. waiting to see the day when it is all combined. Thinking about going for jewelry line next. to boost the card. Does anybody have any solid information as to when they will combine these limits. so i know what to expect? thanks all.
They kept saying June but didn't give me a specific date. The crazy thing about this is that I haven't used any of my Macys cards yet since I got them so I'm probably gonna put some small charges on them to keep them active. Will be even easier since they made it clear that it's all gonna be on one account now and you can use the card for different financing options. It's one of those cards I'm so glad I didn't close. Might have missed out on a great opportunity like this to still get some higher limits.
Was reading some older threads now. it looks like it will happen on july 26th. so still 2 months away. its just a buffer mostly. i do buy at macy's sometimes. but i must tell you. they did piss me off before.
I had a balance of about 80 dollars.
I paid it in full like on the 6th of the month. the next month. when my statement cut. on the 11th. i had a 2 dollar balance. im like what is this chit. they said minimum interest. as apparently no grace period. i said so if i had not looked at my account assuming it was paid in full. i would be in world of hurt huh?>. she said always look at account. my goodness. ive not charged in 6 months and i stil lcheck it to make sure no little surprises. but i have app that checks all my accounts now. so no way could i ever be late.

Gotcha. Glad you worked it out.

I mainly did what I did so it would help me long term get my limits on other cards up more than they are now and I feel like I've gotten a very big prybar to the point where I don't really need to worry that much about getting cards for that purpose in the future. I mean if something comes up where I can possibly see a clear, tangible benefit, that's a different story but I'm now in the mode of trying to make do with what I have and making the most out of it. It also compensated for the cards I closed several weeks ago that I didn't need anymore, the Amex losses, or that I impulsively got for the wrong reasons.

Hopefully if I keep this up, I'll be seeing more $10k limits and limits above $5k for my current cards in the future without as much of a impulse to get as many new cards. CareCredit and Nordstrom and even BoA if I give those enough time are likely candidates.

Re: Macy's combined credit limits. maybe

taxi818 — Sun, 10 May 2015 00:27:59 GMT

@chalupaman wrote:
@taxi818 wrote:
@chalupaman wrote:
@taxi818 wrote:
I have been hearing the rumblings of the macy's combined limits for months (special events). and another member told me to get it before they combined. so i called from the advice of popamode72. and they gave me 5k limit. my card has been at 1200 for a while. started at 300. looks like every increase they want to give me . 100-200 dollars. so tight but now. they gave me 5k. asked for 10. but they counted with 5k. maybe because i have not used the card in 6 months. hmm. but anyway. waiting to see the day when it is all combined. Thinking about going for jewelry line next. to boost the card. Does anybody have any solid information as to when they will combine these limits. so i know what to expect? thanks all.
They kept saying June but didn't give me a specific date. The crazy thing about this is that I haven't used any of my Macys cards yet since I got them so I'm probably gonna put some small charges on them to keep them active. Will be even easier since they made it clear that it's all gonna be on one account now and you can use the card for different financing options. It's one of those cards I'm so glad I didn't close. Might have missed out on a great opportunity like this to still get some higher limits.
Was reading some older threads now. it looks like it will happen on july 26th. so still 2 months away. its just a buffer mostly. i do buy at macy's sometimes. but i must tell you. they did piss me off before.
I had a balance of about 80 dollars.
I paid it in full like on the 6th of the month. the next month. when my statement cut. on the 11th. i had a 2 dollar balance. im like what is this chit. they said minimum interest. as apparently no grace period. i said so if i had not looked at my account assuming it was paid in full. i would be in world of hurt huh?>. she said always look at account. my goodness. ive not charged in 6 months and i stil lcheck it to make sure no little surprises. but i have app that checks all my accounts now. so no way could i ever be late.
Gotcha. Glad you worked it out.

I mainly did what I did so it would help me long term get my limits on other cards up more than they are now and I feel like I've gotten a very big prybar to the point where I don't really need to worry that much about getting cards for that purpose in the future. I mean if something comes up where I can possibly see a clear, tangible benefit, that's a different story but I'm now in the mode of trying to make do with what I have and making the most out of it. It also compensated for the cards I closed several weeks ago that I didn't need anymore, the Amex losses, or that I impulsively got for the wrong reasons.

Hopefully if I keep this up, I'll be seeing more $10k limits and limits above $5k for my current cards in the future without as much of a impulse to get as many new cards. CareCredit and Nordstrom and even BoA if I give those enough time are likely candidates.

I do agree with you on making d0 with what i have. but . im waiting on two things. my amex date for 3x cli. on june 8th. hopeing to get it up to 25k.

And shortly after. applying for the lowes. hopeing to get it to 15k minimum. im sure it will be ok. im only waiting on amex. That will put me at the 100k mark in limits. then i will officailly be done. hehehe. until next year. when all my scores will fly. as my last and only collection . paid. will drop off. im expecting my scores to be over 750 across the board. then i will go for the heavy hitter cards.

Re: Macy's combined credit limits. maybe

RSCo — Sun, 10 May 2015 00:28:48 GMT

Can someone explain exactly what this means? What are the 2 cl's that they give you and what is the benifit to a user when they combine them? I'm not a card holder, but if there is a benefit that everyone seems to like, then maybe i'll app. Thanks for the info..

Re: Macy's combined credit limits. maybe

taxi818 — Sun, 10 May 2015 00:57:46 GMT

@RSCo wrote:
Can someone explain exactly what this means? What are the 2 cl's that they give you and what is the benifit to a user when they combine them? I'm not a card holder, but if there is a benefit that everyone seems to like, then maybe i'll app. Thanks for the info..

Ok. macy's have other accounts that currently are hidden from your credit report. Special events. Furniture line. 0 percent interest. Jewelry. 0 percent interest. and also. the amex card. all seperate from your normal macy's revolver.

By getting the furniture and other lines you have high credit limits that don't affect your score. But they announced in july they will just combine all your limits and make them visible. hence. my 1200 line will now be 6200. will 0 usage. just padding my overall utilization which will help my score in the long run.

Re: Macy's combined credit limits. maybe

Anonymous — Sun, 10 May 2015 01:09:40 GMT

Usually on a big ticket account with Macy's one charges up the majority of the limit so that could raise utilization.

Re: Macy's combined credit limits. maybe

chalupaman — Sun, 10 May 2015 01:11:57 GMT

@taxi818 wrote:
@chalupaman wrote:
@taxi818 wrote:
@chalupaman wrote:
@taxi818 wrote:
I have been hearing the rumblings of the macy's combined limits for months (special events). and another member told me to get it before they combined. so i called from the advice of popamode72. and they gave me 5k limit. my card has been at 1200 for a while. started at 300. looks like every increase they want to give me . 100-200 dollars. so tight but now. they gave me 5k. asked for 10. but they counted with 5k. maybe because i have not used the card in 6 months. hmm. but anyway. waiting to see the day when it is all combined. Thinking about going for jewelry line next. to boost the card. Does anybody have any solid information as to when they will combine these limits. so i know what to expect? thanks all.
They kept saying June but didn't give me a specific date. The crazy thing about this is that I haven't used any of my Macys cards yet since I got them so I'm probably gonna put some small charges on them to keep them active. Will be even easier since they made it clear that it's all gonna be on one account now and you can use the card for different financing options. It's one of those cards I'm so glad I didn't close. Might have missed out on a great opportunity like this to still get some higher limits.
Was reading some older threads now. it looks like it will happen on july 26th. so still 2 months away. its just a buffer mostly. i do buy at macy's sometimes. but i must tell you. they did piss me off before.
I had a balance of about 80 dollars.
I paid it in full like on the 6th of the month. the next month. when my statement cut. on the 11th. i had a 2 dollar balance. im like what is this chit. they said minimum interest. as apparently no grace period. i said so if i had not looked at my account assuming it was paid in full. i would be in world of hurt huh?>. she said always look at account. my goodness. ive not charged in 6 months and i stil lcheck it to make sure no little surprises. but i have app that checks all my accounts now. so no way could i ever be late.
Gotcha. Glad you worked it out.

I mainly did what I did so it would help me long term get my limits on other cards up more than they are now and I feel like I've gotten a very big prybar to the point where I don't really need to worry that much about getting cards for that purpose in the future. I mean if something comes up where I can possibly see a clear, tangible benefit, that's a different story but I'm now in the mode of trying to make do with what I have and making the most out of it. It also compensated for the cards I closed several weeks ago that I didn't need anymore, the Amex losses, or that I impulsively got for the wrong reasons.

Hopefully if I keep this up, I'll be seeing more $10k limits and limits above $5k for my current cards in the future without as much of a impulse to get as many new cards. CareCredit and Nordstrom and even BoA if I give those enough time are likely candidates.
I do agree with you on making d0 with what i have. but . im waiting on two things. my amex date for 3x cli. on june 8th. hopeing to get it up to 25k.
And shortly after. applying for the lowes. hopeing to get it to 15k minimum. im sure it will be ok. im only waiting on amex. That will put me at the 100k mark in limits. then i will officailly be done. hehehe. until next year. when all my scores will fly. as my last and only collection . paid. will drop off. im expecting my scores to be over 750 across the board. then i will go for the heavy hitter cards.

Yup. One step at a time, but you'll get there. Keep going. Lowes shouldn't be too difficult to get at least up to the $10k mark.

100k in total revolving credit is also definitely a milestone, especially with the kind of rebuild you've done man.

Re: Macy's combined credit limits. maybe

RSCo — Sun, 10 May 2015 01:12:46 GMT

@taxi818 wrote:
@RSCo wrote:
Can someone explain exactly what this means? What are the 2 cl's that they give you and what is the benifit to a user when they combine them? I'm not a card holder, but if there is a benefit that everyone seems to like, then maybe i'll app. Thanks for the info..
Ok. macy's have other accounts that currently are hidden from your credit report. Special events. Furniture line. 0 percent interest. Jewelry. 0 percent interest. and also. the amex card. all seperate from your normal macy's revolver.
By getting the furniture and other lines you have high credit limits that don't affect your score. But they announced in july they will just combine all your limits and make them visible. hence. my 1200 line will now be 6200. will 0 usage. just padding my overall utilization which will help my score in the long run.

Wow, that's awesome.. Thanks for the breakdown.. I was looking at a dining room table, Buffet and 6 chairs and was considering opening up an account.. That's pretty cool that they are going to combine the credit lines. That may help quite a few people with CU.. Thanks..

Re: Macy's combined credit limits. maybe

designated_knitter — Mon, 11 May 2015 01:35:03 GMT

What I think is so strange about all the rumblings is that Macy's is continuing to sign people up for Club accounts and Special Events...

I had a Macy's card that I never used from 2008 (at least that's what the card said!). So I figured I would check to see if it was still open -- figuring for SURE it was closed after 9 years of never using it. Got on chat and sure enough -- it was still open with a 100.00 CL. So I asked for a CLI -- again, have never EVER used the card to my knowledge -- doesn't appear on ANY credit report. BANG -- got a 500.00 CLI that night.

Started doing more research and learned about the Club account (jewelry) and called and asked for that. This was less than a week ago and less than 2 weeks after getting the CLI for the regular card. They asked "how much do you want?" I asked (timiedly) $2000? (having been shot down by comenity and synchrony so often over the last 4 months I figured I was greedy at that!). The came back with "would you take 2300?" Um, ok... if I have to!!!

Figureing FOR SURE that they would be on to me, I called in this weekend and asked about the furniture account -- they called it a "special events account". Asked how much I wanted... got greedy and asked for 5K... they countered with 2500. So in the span of 10 days, I went from a 100 CL to $5400 in available credit with them. It just boggles my mind.

I'm still a little confused -- is the furniture account DIFFERENT from the Special Events account? They made it sound like I could only use the Special Events account during (unpublicized) special events... So if you needed to buy furniture, you had to get lucky and hope it was during one of the special events. So is there yet a FOURTH account I should be asking for at this point?

At NO point in the last 10 days while talking to the credit specialists did they make ANY mention of any of these accounts going away or being merged. At this point, my strategy is to charge what I can from them and if and when they do combine -- they'll have no choice (virtually) to give me a fulll 5400 CL to be reported (or not)...

Plus, from what I have gleaned, since they don't report credit limits to CRAs, your "high water mark" is what gets interpreted as your credit limit... so if you have charged 5000K at some point, then that will be interpreted as your credit limit for the purposes of CRA -- which will help you a whole lot more than trying to keep your UTIL low with 100 bucks here and 200 bucks there that you PIF... which, of course, is brilliant for Macy's since that means we are buying LOTS of stuff from them and keeps them in business...

However, since the top CL that I have is 1650 from one of my cap 1 cards, I'm going for it because I can't get Walmart or Paypal to increase my limit from 400.00 if it were to literally save my life! I hate walmart anyway. Give macy's any day of the week (just wish they would start selling big appliances and electronics and then my life would be /* nearly */ complete!)

ETA -- all the wheeling and dealing with Macy's for increased credit limits, opening the Club account and Special Events acount -- 100 percent soft pulls. The only reason I even THOUGHT about seeing if my macy's account was still alive was because I noticed they had done an AR SP inquiry on EQ back in March... so apparently I was on their radar even if they weren't on mine.

Cheers!

Re: Macy's combined credit limits. maybe

AeroKrix — Mon, 11 May 2015 01:34:54 GMT

I have a club account with Macy's that I used 6 months ago to purchase a watch with the 0%. Last week, it started to report. Idk if my major purchase account (furniture/mattress account) will start to report. I've had the MPA for almost a year, $0 balance, with a $5000 limit. I wouldn't mind that reporting right about now lol. Oh, and my Macy's store card has a CL of $2500.

Re: Macy's combined credit limits. maybe

chalupaman — Mon, 11 May 2015 01:37:01 GMT

@designated_knitter wrote:
What I think is so strange about all the rumblings is that Macy's is continuing to sign people up for Club accounts and Special Events...

I had a Macy's card that I never used from 2008 (at least that's what the card said!). So I figured I would check to see if it was still open -- figuring for SURE it was closed after 9 years of never using it. Got on chat and sure enough -- it was still open with a 100.00 CL. So I asked for a CLI -- again, have never EVER used the card to my knowledge -- doesn't appear on ANY credit report. BANG -- got a 500.00 CLI that night.

Started doing more research and learned about the Club account (jewelry) and called and asked for that. This was less than a week ago and less than 2 weeks after getting the CLI for the regular card. They asked "how much do you want?" I asked (timiedly) $2000? (having been shot down by comenity and synchrony so often over the last 4 months I figured I was greedy at that!). The came back with "would you take 2300?" Um, ok... if I have to!!!

Figureing FOR SURE that they would be on to me, I called in this weekend and asked about the furniture account -- they called it a "special events account". Asked how much I wanted... got greedy and asked for 5K... they countered with 2500. So in the span of 10 days, I went from a 100 CL to $5400 in available credit with them. It just boggles my mind.

I'm still a little confused -- is the furniture account DIFFERENT from the Special Events account? They made it sound like I could only use the Special Events account during (unpublicized) special events... So if you needed to buy furniture, you had to get lucky and hope it was during one of the special events. So is there yet a FOURTH account I should be asking for at this point?

At NO point in the last 10 days while talking to the credit specialists did they make ANY mention of any of these accounts going away or being merged. At this point, my strategy is to charge what I can from them and if and when they do combine -- they'll have no choice (virtually) to give me a fulll 5400 CL to be reported (or not)...

Plus, from what I have gleaned, since they don't report credit limits to CRAs, your "high water mark" is what gets interpreted as your credit limit... so if you have charged 5000K at some point, then that will be interpreted as your credit limit for the purposes of CRA -- which will help you a whole lot more than trying to keep your UTIL low with 100 bucks here and 200 bucks there that you PIF... which, of course, is brilliant for Macy's since that means we are buying LOTS of stuff from them and keeps them in business...

However, since the top CL that I have is 1650 from one of my cap 1 cards, I'm going for it because I can't get Walmart or Paypal to increase my limit from 400.00 if it were to literally save my life! I hate walmart anyway. Give macy's any day of the week (just wish they would start selling big appliances and electronics and then my life would be /* nearly */ complete!)

ETA -- all the wheeling and dealing with Macy's for increased credit limits, opening the Club account and Special Events acount -- 100 percent soft pulls. The only reason I even THOUGHT about seeing if my macy's account was still alive was because I noticed they had done an AR SP inquiry on EQ back in March... so apparently I was on their radar even if they weren't on mine.

Cheers!

I only asked for Club Account and Furniture account. Had no idea they even give out special events accounts unless that's just the same thing as Furniture. Hmmmmmm.

Re: Macy's combined credit limits. maybe

designated_knitter — Mon, 11 May 2015 01:37:48 GMT

@AeroKrix wrote:
I have a club account with Macy's that I used 6 months ago to purchase a watch with the 0%. Last week, it started to report. Idk if my major purchase account (furniture/mattress account) will start to report. I've had the MPA for almost a year, $0 balance, with a $5000 limit. I wouldn't mind that reporting right about now lol. Oh, and my Macy's store card has a CL of $2500.

Do they report your limit as well? I won't really mind if they start to report because I can pay down what I'm putting on there fairly quickly... just curious about if I need to show a bunch of activity on the special events account so that will be sure to be combined if/when they do consolodate accounts.

Re: Macy's combined credit limits. maybe

designated_knitter — Mon, 11 May 2015 01:40:39 GMT

@chalupaman wrote:

I only asked for Club Account and Furniture account. Had no idea they even give out special events accounts unless that's just the same thing as Furniture. Hmmmmmm.

Is that sound I hear you calling their "credit approving department" to inquire? I asked if there was a separate furniture account since that was what I was specifically interested in (I actually am interested in buying furniture!) and she made it sound like there was only the special events account -- but then here on MyFico and elsewhere, I hear tell of both the "special events" and a separate "furniture" account...

If you do call and find out, please report back ;-)

Re: Macy's combined credit limits. maybe

AeroKrix — Mon, 11 May 2015 01:52:00 GMT

@designated_knitter wrote:
@AeroKrix wrote:
I have a club account with Macy's that I used 6 months ago to purchase a watch with the 0%. Last week, it started to report. Idk if my major purchase account (furniture/mattress account) will start to report. I've had the MPA for almost a year, $0 balance, with a $5000 limit. I wouldn't mind that reporting right about now lol. Oh, and my Macy's store card has a CL of $2500.
Do they report your limit as well? I won't really mind if they start to report because I can pay down what I'm putting on there fairly quickly... just curious about if I need to show a bunch of activity on the special events account so that will be sure to be combined if/when they do consolodate accounts.

As of right now, my Club Account is reporting a limit, as well as a balance on my reports. The odd thing is, I only see it on my EQ. Maybe Ex and TU need to send an update

Re: Macy's combined credit limits. maybe

chalupaman — Mon, 11 May 2015 01:58:55 GMT

@designated_knitter wrote:
@chalupaman wrote:

I only asked for Club Account and Furniture account. Had no idea they even give out special events accounts unless that's just the same thing as Furniture. Hmmmmmm.
Is that sound I hear you calling their "credit approving department" to inquire? I asked if there was a separate furniture account since that was what I was specifically interested in (I actually am interested in buying furniture!) and she made it sound like there was only the special events account -- but then here on MyFico and elsewhere, I hear tell of both the "special events" and a separate "furniture" account...

If you do call and find out, please report back ;-)

Yeah they have a department that does it over the phone. I'm surprised I got anything since my EX file has a lot of inquiries and stuff. I wouldn't inding asking for 4k on a special events account to get the combined limit over the regular Macys up further. It;s crazy.

Re: Macy's combined credit limits. maybe

taxi818 — Mon, 11 May 2015 02:01:09 GMT

Special event and furniture is one and same. Club and jewelry is also the same. Then your regular revolving. Soon. All will be revolving. And all will report.

Re: Macy's combined credit limits. maybe

chalupaman — Mon, 11 May 2015 02:03:47 GMT

@taxi818 wrote:
Special event and furniture is one and same. Club and jewelry is also the same. Then your regular revolving. Soon. All will be revolving. And all will report.

That clears up a lot. they use different names for these lines. Still really excited about the merger but wonder how long it takes for the special accounts to show up on my account page.

Re: Macy's combined credit limits. maybe

taxi818 — Mon, 11 May 2015 02:06:22 GMT

@chalupaman wrote:
@taxi818 wrote:
Special event and furniture is one and same. Club and jewelry is also the same. Then your regular revolving. Soon. All will be revolving. And all will report.
That clears up a lot. they use different names for these lines. Still really excited about the merger but wonder how long it takes for the special accounts to show up on my account page.

I think it will not show up. It has never showed up you have to call number on back of card. In fact. Your revolving info is on account page. But not your limit. Also have to call.