topic Re: PISSED AT MACYS in Credit Cards

PISSED AT MACYS

Anonymous — Sat, 16 Jan 2010 22:24:01 GMT

Called macys to check my available credit on my store card and they decreased my limit from 1000 to 250.00. i have never been late, have used the card and havent had any negative entries on my report for over two years. i asked to have my limit restored and they told me that they could not do it. i will be closing this card as soon as i pay off my balance which it 236.00. i will also close the via as well. I am sick and tired of companies treating me like crap and expecting to be rewarded for it by my using their cards. This year i will be closing several cards reguardless of the score consequences. i understand that the economy is in bad shape but i unlike our government will not reward bad behavior!!!

Re: PISSED AT MACYS

Creditaddict — Sat, 16 Jan 2010 22:32:27 GMT

I would call back and talk to a supervisor, many have posted about CLD, and many have had luck with them being restored. how long have you been carrying a balance? that seems to be a trigger as of late, even though i would not think a $200 balance would be a trigger.

Re: PISSED AT MACYS

Anonymous — Sat, 16 Jan 2010 22:36:23 GMT

have had balance since late november, i did some christmas shopping and plan to pay it off next week. i called the number on the back of my statement is their another number that i should call? thanks for the reply

Re: PISSED AT MACYS

Creditaddict — Sat, 16 Jan 2010 22:39:43 GMT

no but i would try once again with the first line representative that answers, if they say no, I would escalate to supervisor.

you say you have visa too? what's your limit?

You have to keep in mind even if they won't restore your CL, they do CLI every 3 months, it's very likely if you pay your balance off in march you could call and get CLI back to your limit

Re: PISSED AT MACYS

Jazzzy — Sun, 17 Jan 2010 01:04:02 GMT

@Anonymous wrote:
Called macys to check my available credit on my store card and they decreased my limit from 1000 to 250.00. i have never been late, have used the card and havent had any negative entries on my report for over two years. i asked to have my limit restored and they told me that they could not do it. i will be closing this card as soon as i pay off my balance which it 236.00. i will also close the via as well. I am sick and tired of companies treating me like crap and expecting to be rewarded for it by my using their cards. This year i will be closing several cards reguardless of the score consequences. i understand that the economy is in bad shape but i unlike our government will not reward bad behavior!!!

Had they previously reduced your limit? Did you know that already when you called? What made you check?

Re: PISSED AT MACYS

keith021 — Sun, 17 Jan 2010 01:18:02 GMT

My Macy’s account is fairly new, and by the time I received my new card in the mall, my limit was reduced from $600 to $300! When I heard the recording on the automated system, I immediately pressed “0” to speak with a rep... Come to find out, when I called in to verify my identity for the application, the previous rep. processed another application instead of pulling up verification questions!

The rep. said it looks like you have two applications that were processed, one approved for: $600 and the second one for: $300. I only received one card in the mail though. The rep. placed me on hold for at least 3 minutes and informed me that my limit was set back to: $600. I hope they are able to reinstate your original limit. Good luck!

Re: PISSED AT MACYS

Anonymous — Sun, 17 Jan 2010 03:15:10 GMT

My macy visa limit is 2000. i called in to see if i could get a gli on my store card since it has been 6 months since i called for the last one. the automated system told me that i had 26.00 left available to me on the store card. i talked to a csr who gave me bogus reasons for the decrease, first was non usage- we both had to laugh at that one, 2nd was high utility on the card-highest utility ive ever had has been 30% which i paid off 2 days after making the 300 charge.the 236 balance i have now is the last of the xmas balance and 100 that i charged last week. ive always paid atleast 3-4 times the minimum payment and now this really is killing my utility.

Re: PISSED AT MACYS

Anonymous — Sun, 17 Jan 2010 14:42:33 GMT

@Anonymous wrote:
Called macys to check my available credit on my store card and they decreased my limit from 1000 to 250.00. i have never been late, have used the card and havent had any negative entries on my report for over two years. i asked to have my limit restored and they told me that they could not do it. i will be closing this card as soon as i pay off my balance which it 236.00. i will also close the via as well. I am sick and tired of companies treating me like crap and expecting to be rewarded for it by my using their cards. This year i will be closing several cards reguardless of the score consequences. i understand that the economy is in bad shape but i unlike our government will not reward bad behavior!!!

hey dont feel bad, i been with macys since 07 never had a credit increase....request for a cli, denied everytime...$300cl

Re: PISSED AT MACYS

Anonymous — Thu, 22 Apr 2010 01:00:12 GMT

HELPLESSINFICOLAND wrote:
this really is killing my utility.

Sorry about that CLD. Very frustrating.

When you say this is killing my utility - do you mean on this card or your overall utility? If you don't mind me asking,are you carrying balances on your other cards that they would have picked up when they softed you?

(Just for a reference point, my Macy's opened at $1,000 Jul 09; cli to $1700 Oct 09; cli to $2400 Jan 10. ETA: cli to $3100 April 10.

I am 11 months post CH 13 BK discharge - so I've had a good experience with them, and I'm certainly not prime material.

My FICO EQ is 711. My utilization is 1-3% overall.)

Let us know your utilization - perhaps that's one of their current sticking points.

I hope all gets resolved in your favor. And congrats on that Macy's Visa - it's still on my wish list!

Re: PISSED AT MACYS

Anonymous — Mon, 18 Jan 2010 14:07:07 GMT

Thanks for responding, it is killing my utility on this card, i also lost 5 points on my fico. My over all utility is a little high at 20% but im working very quickly to get it down asap. im hoping to apply for a mortgage in the next few months.

Re: PISSED AT MACYS

Anonymous — Mon, 18 Jan 2010 15:21:35 GMT

Wow. So 20% overall utility isn't so bad. Well, the mystery continues - wonder what's going on with them.

Creditaddict's advice to call them after you've paid it off and hopefully get your previous CL, seems like the best option to me. One of the pluses of Macy's Visa is they do get pretty high credit limits. Maybe this is one card that really doesn't like balances at all. I haven't carried a balance on Macy's yet, but I also put a lot of purchases through my store card.

I do think like you, by the way, and am not eager to keep any cards open that are not serving me well. What other cards do you have that are open? Which ones are you thinking of closing?

Good luck with your mortgage - I wish you the very best.

Re: PISSED AT MACYS

Anonymous — Mon, 18 Jan 2010 21:35:49 GMT

I have 3 from hsbc, their discover, bestbuy mastercard, and a hsbc mastercard all have 300.00 limits and are over a year old. They will be on the chopping block soon, also on the block is target store card, These cards are not going too grow with me and im tired of trying to manage the lousy utility on them and using themjust to keep them open. i cant even buy gas and stay under the 30% . Others that i am definately keeping are my nfcu(10,000) limit, cap 1 (4000), b&n(1000) and my alliant(3000). ihave a bunch of store cards that i actually use so i wont be closing any of them. I will try paying off the balance on the Macy store card and see if they will give me back my original limit, if not, they can put a fork in it because im done. thanks for ur support beam me, itruely appreciate it

Re: PISSED AT MACYS

Anonymous — Tue, 19 Jan 2010 00:36:23 GMT

@Anonymous wrote:
I have 3 from hsbc, their discover, bestbuy mastercard, and a hsbc mastercard all have 300.00 limits and are over a year old. They will be on the chopping block soon, also on the block is target store card, These cards are not going too grow with me and im tired of trying to manage the lousy utility on them and using themjust to keep them open. i cant even buy gas and stay under the 30% . Others that i am definately keeping are my nfcu(10,000) limit, cap 1 (4000), b&n(1000) and my alliant(3000). ihave a bunch of store cards that i actually use so i wont be closing any of them. I will try paying off the balance on the Macy store card and see if they will give me back my original limit, if not, they can put a fork in it because im done. thanks for ur support beam me, itruely appreciate it

i didn't know hsbc had a discover card...

Re: PISSED AT MACYS

Anonymous — Tue, 19 Jan 2010 00:50:12 GMT

I applied for a regular discover card and was declined, if i only knew then what i know now, i would have turned down this piece of junk.(no offense to anyone who has this card and loves it) it simply serves no use and they dont give clis and i was told this card isnt ever going to be eligible for one.

Re: PISSED AT MACYS

Anonymous — Tue, 19 Jan 2010 01:07:27 GMT

@Anonymous wrote:
I applied for a regular discover card and was declined, if i only knew then what i know now, i would have turned down this piece of junk.(no offense to anyone who has this card and loves it) it simply serves no use and they dont give clis and i was told this card isnt ever going to be eligible for one.

so they offer the hsbc discover instead?

Re: PISSED AT MACYS

Anonymous — Tue, 19 Jan 2010 01:15:17 GMT

@Anonymous wrote:
@Anonymous wrote:
I applied for a regular discover card and was declined, if i only knew then what i know now, i would have turned down this piece of junk.(no offense to anyone who has this card and loves it) it simply serves no use and they dont give clis and i was told this card isnt ever going to be eligible for one.
so they offer the hsbc discover instead?

Yes. Applications for a DFS Discover card that do not meet their underwriting standards can, on occassion, be diverted and approved for an HSBC (generally Direct Merchants Bank) Discover co-branded card. It is a pale substitute for the real thing.

Re: PISSED AT MACYS

Anonymous — Wed, 20 Jan 2010 16:16:51 GMT

@Anonymous wrote:
I have 3 from hsbc, their discover, bestbuy mastercard, and a hsbc mastercard all have 300.00 limits and are over a year old. They will be on the chopping block soon, also on the block is target store card, These cards are not going too grow with me and im tired of trying to manage the lousy utility on them and using themjust to keep them open. i cant even buy gas and stay under the 30% . Others that i am definately keeping are my nfcu(10,000) limit, cap 1 (4000), b&n(1000) and my alliant(3000). ihave a bunch of store cards that i actually use so i wont be closing any of them. I will try paying off the balance on the Macy store card and see if they will give me back my original limit, if not, they can put a fork in it because im done. thanks for ur support beam me, itruely appreciate it

It looks like you've ID'd ten cards plus "a bunch of store cards" - so another potential issue to creditors is your number of cards. Evidently, a few recent posters have experienced closure or steep CLD' due to their number of cards. If I'm remembering, valenjimmo had closures with six existing bank cards; some experts recommend no more than 10 open accounts - the reasoning being that if you don't choose which cards are most important to keep open and running smoothly, someone else will decide on their own ;(.

Hope everything runs perfectly moving forward with your Macy's - and your other accounts as well. Best of luck with that mortgage!

Re: PISSED AT MACYS

Anonymous — Wed, 20 Jan 2010 20:30:18 GMT

I never thought of the having too many cards open, i have opened 2 cards since i got the macys card 2 years ago, i guess i should do some serious credit gardening. i hate having someone else make my decisions for me.

Re: PISSED AT MACYS

Anonymous — Wed, 20 Jan 2010 22:30:52 GMT

HELPLESSINFICOLAND wrote:
I never thought of the having too many cards open, i have opened 2 cards since i got the macys card 2 years ago, i guess i should do some serious credit gardening. i hate having someone else make my decisions for me. :smileywink:

Be careful about closing accounts. Know exactly what you are doing and why before you throw away perfectly good accounts. Generally, if it doesn't have an AF don't close it.

Re: PISSED AT MACYS

Anonymous — Mon, 25 Jan 2010 02:09:06 GMT

All of the hsbc cards have annual fees, and since the limits are so low-300.00, the fees are more than 10% of the value on the cards, i truely dont think its worth it anymore. Target just basically gets on my nerves and i just want to be rid of it. Have u ever had something that u didnt like, but just couldnt put ur finger on exactly what it is about it that u dont like? thats how i feel about the target card.

Message Edited by HELPLESSINFICOLAND on 01-24-2010 06:09 PM