topic Re: Macy's Store Card in Credit Cards

Macy's Store Card

Anonymous — Sun, 08 Oct 2017 03:43:42 GMT

I was approved today for the Macy's store credit card with a $300 credit line. I was thrilled as i'm rebuilding my credit and never had a Macy's card before. I purchased $50 sneakers tonight online with the new account and the plastic card should be mailed to me in 7-10 days.

I was happy until I read the terrifying reviews on Credit Karma. So many complaints of Macy's charging late fees, not accepting online payments to generate the late fees, charging $2.00/month interst even if you have a zero balance. Now i'm thinking I made a mistake?

I already made my first purchase so I can't cancel. Can anyone with this card ease my worries? It's really not a card I plan to use much anyway. I just don't want a bunch of headaches that i'm reading about from others. Should I take those reviews with a grain of salt? Thanks for any advice!

Re: Macy's Store Card

Anonymous — Sun, 08 Oct 2017 04:40:49 GMT

I've had it since 2014, never had any of those issues. The only issue for me is being stuck with a $500 limit.

I definitely wouldn't put too much thought into those reviews, CK isn't very reliable.

Re: Macy's Store Card

Anonymous — Sun, 08 Oct 2017 04:52:01 GMT

@Anonymous wrote:
I've had it since 2014, never had any of those issues. The only issue for me is being stuck with a $500 limit.

I definitely wouldn't put too much thought into those reviews, CK isn't very reliable.

Thanks for easing my worries. I was so afraid I made a huge mistake but at the same time I felt Macy's was a reputable company so the reviews were confusing. I had a bankruptcy in '15 and since then have received a mix of store cards and credit cards, all with 100% on time payments which i'm really proud of and don't want anything messing it up, so i'm breathing a huge sigh of relief now from your post.

The only thing i'm still confused about is how everyone is saying they charge $2.00 minimum monthly interest fee even if you have a zero balance. I don't see how interest can be charged on zero, but if that's the only major issue with them, I don't mind. I'll just look at it as a tiny monthly fee then. Thanks again!!

Re: Macy's Store Card

Anonymous — Sun, 08 Oct 2017 04:57:30 GMT

Some companies get you to sign up for their "Credit Card Protection Program", it's usually a $2 fee/charge monthly and if you lose your job they will work with your deferring your payments for X amount of time.

I wouldn't recommend agreeing to it, it seems those people obviously signed up for it by just agreeing to whatever the CSR over the phone asked when activating the card. I just always say no thanks and that's the end of it.

Re: Macy's Store Card

Anonymous — Sun, 08 Oct 2017 05:03:50 GMT

@Anonymous wrote:
Some companies get you to sign up for their "Credit Card Protection Program", it's usually a $2 fee/charge monthly and if you lose your job they will work with your deferring your payments for X amount of time.

I wouldn't recommend agreeing to it, it seems those people obviously signed up for it by just agreeing to whatever the CSR over the phone asked when activating the card. I just always say no thanks and that's the end of it.

I know what you're talking about because my Amazon Store Card was doing that for months until I found out you can call them and they'll refund it all back to you. I didn;t even know I signed for it but apparently it's something you check when applying....sneaky sneaky sneaky!

That wasn't on the Macy's application tonight because I actively look out for that now after the Amazon experience. What I read people talking about was Macy's charging $2.00 monthly finance charge on people with zero balance. I Googled it a few minutes ago and came across an article talking about it and it's apparently something they were doing a few years ago to customers, but stopped as it's against the law. I felt better after reading that. Here it is if you're interested:

http://www.cleveland.com/business/index.ssf/2017/04/shopper_questions_macys_2_mont.html

Re: Macy's Store Card

iamdetermined — Sun, 08 Oct 2017 05:18:14 GMT

CONGRATS on your approval! I have a Macy's card that has grown from $600 to $5500 in one year (I went from $4K to $5500 this morning) from an online CLI request. I've never seen the $2 charge, but it likely is the credit protection plan fee that peopl are not realizing they signed up for. I use my card at least once a month, not sure if that helps with the increases. GL with your journey, and again Congrats!!

Credit Karma is great for seeing changes in your reports, but I wouldn't rely on much else. I've read those comments, too, and I combed every statement thereafter, but didn't find any unexpected charges. I no longer trust the comments on there lol

Re: Macy's Store Card

Anonymous — Sun, 08 Oct 2017 05:17:06 GMT

@iamdetermined wrote:
CONGRATS on your approval! I have a Macy's card that has grown from $600 to $5500 in one year (I went from $4K to $5500 this morning) from an online CLI request. I've never seen the $2 charge, but it likely is the credit protection plan fee that peopl are not realizing they signed up for. I use my card at least once a month, not sure if that helps with the increases. GL with your journey, and again Congrats!!

Thank you and congrats on that huge credit increase in only one year. Wow, what a leap! It's way too daunting for me and could get me back into a whole heap of trouble LOL. After my bankruptcy experience I learned where my comfort zone is with store cards now. I'd say for me $700-$1000 is my safety zone. My largest credit line store card is currently for Rooms to Go for $1,000 and that's as high as I like. (And their no interest plans makes it easy to rack up that debt.)

Anyway, I feel so much better about the Macy's card after these replies. They're a bit more expensive than i'm used to (Walmart & Amazon are my "go to" retail stores), but like Kohl's (which I also have) they seem to have great coupon and % off sales for using the card. Love those perks. Thanks again for sharing your experience and easing my worries.

Re: Macy's Store Card

iamdetermined — Sun, 08 Oct 2017 05:23:36 GMT

Thank you chris330r! I totally understand, don't take on more than you need, or can manage.

Macy's sends a lot of coupons, and if you're shopping for clothes check out Last Act - steals not deals on a lot of items. I'm sure you will love your new card.

You're welcome, and I'm glad I was able to help! Again, GL!!

Re: Macy's Store Card

Anonymous — Sun, 08 Oct 2017 05:56:07 GMT

@iamdetermined wrote:
Thank you chris330r! I totally understand, don't take on more than you need, or can manage.

Macy's sends a lot of coupons, and if you're shopping for clothes check out Last Act - steals not deals on a lot of items. I'm sure you will love your new card.

You're welcome, and I'm glad I was able to help! Again, GL!!

Thanks! Last Act looks like a place i'll be visiting a lot lol. Those sure are deep discounts!

Re: Macy's Store Card

CountryLivin — Sun, 08 Oct 2017 10:03:26 GMT

I've never had any problems! I was charged $2 finance charge, but that was because I made 2 payments that month....1st payment was minimum payment and 2nd payment was to pay off the balance that month...2nd payment hit one day after due date, which was my fault and there was a $2 interest charge.....that was the only time ever for me.

Re: Macy's Store Card

bettercreditguy1 — Sun, 08 Oct 2017 12:19:16 GMT

I have never had a problem, love the card for DW and myself. Even if you don't have your card with you, the sales reps will look you up in the computer and give you your sale discounts.

Re: Macy's Store Card

ramblinggirl — Sun, 08 Oct 2017 17:06:52 GMT

@Anonymous wrote:
I was approved today for the Macy's store credit card with a $300 credit line. I was thrilled as i'm rebuilding my credit and never had a Macy's card before. I purchased $50 sneakers tonight online with the new account and the plastic card should be mailed to me in 7-10 days.
I was happy until I read the terrifying reviews on Credit Karma. So many complaints of Macy's charging late fees, not accepting online payments to generate the late fees, charging $2.00/month interst even if you have a zero balance. Now i'm thinking I made a mistake?
I already made my first purchase so I can't cancel. Can anyone with this card ease my worries? It's really not a card I plan to use much anyway. I just don't want a bunch of headaches that i'm reading about from others. Should I take those reviews with a grain of salt? Thanks for any advice!

I never had any issues as you read about with Macys. I pay all my cards online with recurring payments. My only problem with macys and its no big deal is that for several yrs i had the same $1000 credit line limit inspite of me making a 6 figure salary. I finally asked for a credit line increase and was granted it although I would never use half of what they gave me.

Re: Macy's Store Card

Anonymous — Sun, 08 Oct 2017 18:11:03 GMT

Thanks everyone for all the great responses and advice. My worries are gone and I feel much better and happy again I got the card. I always viewed Macy's as "upscale" so getting approved for this 2 years out from bankruptcy tells me i'm on the right track. And to anyone else interested in applying to them, my credit score is around 630 and I have so many inquiries. I think i'm up to like 23 or 24 at the moment. (I know, I need to lay off applying for everything I come across!)

Re: Macy's Store Card

MissMoni223 — Sun, 08 Oct 2017 21:03:56 GMT

Just wanted to chime in. My Macy's card started out with a $300 CL. I've NEVER had any issues with Macy's whatsoever. They are currently my highest CL standing at $22,500. I LOVE them!!! Relax and enjoy being a Macy's cardholder.

Re: Macy's Store Card

Creditbuilder36 — Mon, 09 Oct 2017 09:37:37 GMT

I’ve had my card for 2 plus years and have never had a problem with making payments I used to go into the store but once the Macy’s closed here I payed online and everything has been good Yes you cant dwell on too many reviews It will drive you nuts especially if it’s an angry cardholder who is venting because they are in the wrong but neglects to post that part they are just trying to scare you 😳

Re: Macy's Store Card

Anonymous — Mon, 09 Oct 2017 11:53:02 GMT

I have had the Macy's Amex since Jan, but before that had the Macy's "Star" Card since 2004.

(Star Card was was closed in 2013 for inactivity, and I thought I was reactivating, where in reality I applied for the new Amex - was a little pissed, but Im over it now)

I have not had any of these issues you bring up, but I dont use the card very much, only at Macys and on purchases where the card nets me extra discounts. And when I do, I typically dint wait for the steatement to close before I pay it, I'll pay as soon as the charges post.

I think most of the problems have with the card stem from trying to oush the limits on paying last minute (which could be hard) or just not understanding when the statement closes, and thus trying to make last minute payments, only to find out, its take 2 days for it to post.. Or they thought the minimum was $25 and it was $35, and oh crap they underpaid...

Enjoy the discounts, and just pay the bill (in full) when it comes, and I think you'll be fine.

Re: Macy's Store Card

pizza1 — Mon, 09 Oct 2017 15:55:06 GMT

Like many others have posted, I also have never had any issues with my Macy's act. But then, I push my payments, and I make sure my charge and payment post at least 2 weeks prior to statement cut, since I PIF before it cuts. (I'm a little weird like that, LOL). Enjoy your new card