topic Re: macys store card and macys amex question. in Credit Cards

macys store card and macys amex question.

Anonymous — Tue, 12 Feb 2013 16:41:37 GMT

i have both with the cl of store card 2k and amex 6k, can i transfer the limit of store card to amex and close it? anyone does this?

store card opened; May '10

macys amex opened; Dec '12

Re: macys store card and macys amex question.

mnavas — Tue, 12 Feb 2013 16:47:07 GMT

My understanding is that you can either have the store version or both (amex+store acc) theres no way to just have the Macys amex without a store acc tied to it...

Re: macys store card and macys amex question.

jsucool76 — Tue, 12 Feb 2013 16:49:50 GMT

+1
Thats how i think it works as well.

Re: macys store card and macys amex question.

fedxboy — Tue, 12 Feb 2013 17:58:58 GMT

That's good to know!! I've only had my macy's store card since April 12. Started with a 500 limit and after 6-8 months I had it increased to 1500. Just last week, I asked for the upgrade to AMEX and they said it would be a HP and it would take 1 full billing cycle to find out the answer. hmmmm

The next day, I signed into my Macy's, it showed the Macy's Amex pictured over the red card that was previously there and in a weeks time, I haven't seen any HP whatsoever. When I called the phone # it did ask which card I wanted to hear the stats on and it said my Macy's Amex card had a 4k CL. I wouldn't mind having them combined too!

Re: macys store card and macys amex question.

Anonymous — Tue, 12 Feb 2013 18:10:19 GMT

I thought I read that you can just apply for the Macy's Amex if you apply in store? Do you really need the store card first before getting the Amex?

Re: macys store card and macys amex question.

mnavas — Tue, 12 Feb 2013 18:26:06 GMT

Fedxboy, same here i opened my store account in 09/2011 i requested the my account to be "upgraded" to the Amex version through the chat, they asked me for my income ($25,000) you know thos typical questions they said they will do a hard pull in my report and it could take one billing cycle to get a decision three days after that i logged on my account profile and there was an Macys Amex black card showing up on my profile (i used to have the Gold store card) so i called and they said i was approved for $6000 which was a surprise my previous highest limit was $3000 on my Macys store account... And like you said they didn't do a hard pull in my reports.. It could be cuz my FiCO score according to Amex was 811. My mom requested an upgrade for her Macys store acc in 2010 n despite she opened her account in 2001 she got denied and Macys did hard pull her experian report.. She has some baddies in her report (a short sale and a collection which occured in 2007) Macys sent her a letter saying that she was denied for "Major denquency" Her score was 700 in the scale of 200-990. So who knows maybe they do hard pull your report when they see derrogatories in your Soft pulled report

Re: macys store card and macys amex question.

navigatethis12 — Tue, 12 Feb 2013 19:08:02 GMT

@Anonymous wrote:
I thought I read that you can just apply for the Macy's Amex if you apply in store? Do you really need the store card first before getting the Amex?

You can never just have the Macys American Express card. If you apply in store you will be considered for that first and if you do not qualify, you will be given the store card. Even if you get the American Express branded one, you still will have a store account. There is no way to close the store account and keep the American Express version open.

They do not allow you to move credit between the two cards at all. The only way to increase the limit is to ask for a credit limit increase.

People reporting no hard inquiries, have you looked at Experian? That is who they use and I believe it took a few days for the inquiry to show up, I don't remember. I have never heard of them opening the account without a hard inquiry. The account isn't an "upgrade" either. It is a completely seperate account and will show up as a new account on credit reports. The accounts are linked onto the same card, but Macys sees them as two different accounts.

Re: macys store card and macys amex question.

Anonymous — Tue, 12 Feb 2013 19:17:17 GMT

Good info in here as I was just thinking to myself this morning if I could upgrade to the AMEX over just the store card. I don't think I will do it though if it may require a HP and if it will be a separate card. No way I need 2 macy's card I barely use mine now.

I also find it odd that I started at a $200 limit 2 years ago and I was somehow bumped up to $2,500 CL when I checked on my account for the first time a few months back

Re: macys store card and macys amex question.

mnavas — Wed, 13 Feb 2013 00:56:57 GMT

I requested my store acc to be upgraded to the Amex version on 11/26/2012 the account was created on 11/30/2012 (i know its not actually an upgrade, its just a new credit line to be used ouside the store) I check my Exp report almost every day and until today no Macys hard inquiry is showing up in my report As i said before my guess is that they do hard pull your Exp report when you're either in the borderline approval criteria or your score doesn't look good in the soft pull (AR)

Re: macys store card and macys amex question.

Imua — Tue, 12 Feb 2013 19:23:15 GMT

@Anonymous wrote:
Good info in here as I was just thinking to myself this morning if I could upgrade to the AMEX over just the store card. I don't think I will do it though if it may require a HP and if it will be a separate card. No way I need 2 macy's card I barely use mine now.

I also find it odd that I started at a $200 limit 2 years ago and I was somehow bumped up to $2,500 CL when I checked on my account for the first time a few months back

technically, it's not 2 cards... one card (with Amex logo and an Amex cc number), but 2 tradelines report to CRAs under separate acct numbers, statements are generated separately and due dates are/ can be different

Re: macys store card and macys amex question.

navigatethis12 — Tue, 12 Feb 2013 19:24:50 GMT

@mnavas wrote:
My requested my store acc to be upgraded to the Amex version on 11/26/2012 the account was created on 11/30/2012 (i know its not actually an upgrade, its just a new credit lime to be used ouside the store) I check my Exp report almost every day and until today no Macys hard inquiry is showing up in my report As i said before my guesd is they do hard pull your Exp report when you're either in the borderline criteria or your score doesnt look good in the soft pulled report

Interesting, someone also said they used Equifax. Anyway, the score the obtained with me wasn't anywhere near the cutoff point of 720, so I am unsure as to how they decide to perform a hard or soft inquiry. Nevertheless, if you didn't get an inquiry, that's a plus. I already had about ten so one more wouldn't hurt.

Re: macys store card and macys amex question.

fedxboy — Tue, 12 Feb 2013 19:54:59 GMT

I totally expected a HP and I realize they check EX, so I was like "show me the money", since I have 6 inqs on EX with 1 to fall off 2/24/13. The last one on EX was in 8/12 for my B of A. I check USAA daily, so no HP from Macy's in the last week. The card is really issued by Citi, so maybe my Citi Diamond Preferred helped. One can only speculate; regardless, no HP and a 4k extra CL...is fine by me!

Re: macys store card and macys amex question.

mnavas — Tue, 12 Feb 2013 23:50:58 GMT

Yes, it's two accounts, one card.. You can still carry the store card but it's totally unnecessary. As for report terms, your store credit line history remains the same but you're Macys Amex is reported as a new account (there's no backdate) which will hit your AAofA. And Yes by requesting an "upgrade" you give Macys Permission to hard pull your Experian report... and again if you're last Macys store Account Review (which in my case they soft pull Equifax) looks good they most likely approve you without a hard credit pull. It's also known that you meed a 700+ FICO to get approved although they also use internal scores to assess all your information in your report. The same principle applies when requesting a CLI in your Macys store or any special account (club account, Major purchase etc) if you don't meet their criteria with the last soft pull (AR) they most likely hard pull to see if your information and credit worthiness has change in your report