topic Re: DSNB - Macys CLI ? in Credit Cards

DSNB - Macys CLI ?

credit_challenged09 — Thu, 31 Oct 2013 16:21:57 GMT

Ok I've made it to my 3rd statement with Macys should i pull the trigger on a cli or guideline increase or should I wait another statement?

Ficos are as follows: 650-experian. 635-equifax and 632 - transunion

Re: DSNB - Macys CLI ?

DiabolicallyRandom — Thu, 31 Oct 2013 16:24:29 GMT

I think Macys is like GE and like 4 statements.

Re: DSNB - Macys CLI ?

coldnmn — Thu, 31 Oct 2013 16:28:32 GMT

I did a search on here. I think your better off to call and ask the guide lines. You wouldn't want a hard pull and be declined ask to be sure if it will be a soft pull.

Re: DSNB - Macys CLI ?

DiabolicallyRandom — Thu, 31 Oct 2013 16:34:09 GMT

Last time I requested an increase they told me that they like for there to be at least 4 months in between. They have never hard pulled me for an increase, but I have read many accounts of people being hard pulled.

Re: DSNB - Macys CLI ?

FinStar — Thu, 31 Oct 2013 16:46:06 GMT

@DiabolicallyRandom wrote:
Last time I requested an increase they told me that they like for there to be at least 4 months in between. They have never hard pulled me for an increase, but I have read many accounts of people being hard pulled.

Typically, folks would run the risk of a HP if Macys/DSNB hasn't SP'd your file as part of their standard AR process. IMO, I would wait to provide a more optimal outcome being that it is still a new account in their eyes, unless the OP has to do it right away... YEMV though.

Re: DSNB - Macys CLI ?

Creditaddict — Thu, 31 Oct 2013 17:20:58 GMT

I think 3-4 for store and 6 for amex.

They will always tell you its HP these days and it almost never is... when we have seen people get hard pulls is when there credit has dipped or has not improved from approval... otherwise the system is pulling new sp reports every 1-3 months anyway and that's what the computer uses for the request.

I even did a request on our amex that has not been used last month and was declined for income (I think the rep did something wrong and I should do it again) but either way no pull was done, it used the EQ on file.

Re: DSNB - Macys CLI ?

credit_challenged09 — Thu, 31 Oct 2013 17:31:44 GMT

I keep an eye on my credit reports... Sps, reporting, etc.... Macys sp around the end of September. No, I have no reason to rush, just excited is all! . My 3d billing statement was received and I paid it in full upon receipt. My account was opened in August 2013, so should I wait until December which will make the 4th month? Or 4th statement which will generate towards the end of November?

Thanks for the advice and I'll try to be patient!

Re: DSNB - Macys CLI ?

DiabolicallyRandom — Thu, 31 Oct 2013 17:35:21 GMT

I would wait at least another month or two since your account is just a little over two months old. In my opinion, an increase on a Macys card isnt worth a potential hard pull.

Re: DSNB - Macys CLI ?

Creditaddict — Thu, 31 Oct 2013 17:38:41 GMT

@credit_challenged09 wrote:
I keep an eye on my credit reports... Sps, reporting, etc.... Macys sp around the end of September. No, I have no reason to rush, just excited is all! . My 3d billing statement was received and I paid it in full upon receipt. My account was opened in August 2013, so should I wait until December which will make the 4th month? Or 4th statement which will generate towards the end of November?

Thanks for the advice and I'll try to be patient!

Well if you are alway watching your SP's then I would request AFTER you see the next sp... most don't see those type of reports frequently enough so we have to more or less guess on how many statements... so take your extra info to advantage and don't go to early... if they have only pulled 1 since opening I would wait.

Re: DSNB - Macys CLI ?

Darksyde25 — Tue, 05 Nov 2013 01:54:51 GMT

You could really ask whenever. I use their chat option every time I want an increase. I opened them in May with a $600 limit. 2 months later asked for an increase to $1500 and was granted. Asked a month after that for $2250 and got that. Asked last month for an increase and was told no so asked again today and went to $4,000! I think it depends on who you chat with. They look at if ur buying things and making monthly payments. I have a balance but it's only 15% of my limit (before the recent increase). She said she'd have to do a credit review but then said "based on my review of your account" that she could grant me the $4,000. So in 6 months went from $600 to $4,000!

Re: DSNB - Macys CLI ?

kroberts67 — Tue, 05 Nov 2013 02:19:44 GMT

@Darksyde25 wrote:
You could really ask whenever. I use their chat option every time I want an increase. I opened them in May with a $600 limit. 2 months later asked for an increase to $1500 and was granted. Asked a month after that for $2250 and got that. Asked last month for an increase and was told no so asked again today and went to $4,000! I think it depends on who you chat with. They look at if ur buying things and making monthly payments. I have a balance but it's only 15% of my limit (before the recent increase). She said she'd have to do a credit review but then said "based on my review of your account" that she could grant me the $4,000. So in 6 months went from $600 to $4,000!

Wow that's aweome. So none of the requested CLI's were HP for you?

They were generous with me too. I asked in the first 4-6 mos but whether it was by phone or chat box, they told me it would be a HP so I declined each time. At my 6-mo statement I was surpried to find that I had an auto CLI from 800 ->2500 so I was stoked. Also I was still paying off xmas so was carrying a balance of about 40% UT on that card i'd say. Next week is my next 6-mos statement so I'm curious and hopeful!

Good luck to you, too!

Re: DSNB - Macys CLI ? updated

credit_challenged09 — Sun, 17 Nov 2013 00:10:03 GMT

After reading the forums and others success with Macy's CLI, I made another attempt at a CLI thru chat.... I used the Christmas shopping line.... the rep said they needed to do a credit review... i told them only if its a soft pull, we go back and forth for a bit and asks how much of an increase, I initially opt for $1K. I ask again, SP? the person responds, it's an HP and provides me with the number to call on how their credit line increases are done. I say fine, go ahead, but if it's an HP then $2K. The rep proceed to ask questions about my income and housing situation...blah blah blah....i just knew i was going to be declined since I had been declined a million times before... the rep says your credit limit has been increased to $2K and your available credit is $1993. (I have a balance of $7). My account has been opened a little over 3 months. I hope like heck it wasn't a hard pull, so far no alerts and no signs of a hard pull..... wish me luck! crossing my fingers...

Happy Holidays and good luck... Macys' is being pretty generous...

Re: DSNB - Macys CLI ? updated

lonelyisland — Sun, 17 Nov 2013 00:18:28 GMT

Just about the same story as above, (with lower amounts) account open three months roughly called for cli, no hard pull, even though they told me it was.

Re: DSNB - Macys CLI ?

ccuser — Tue, 10 Dec 2013 23:03:26 GMT

I have a Macys store card since 2010 with $1000 CL, which is my lowest limit. Today I asked them for a CLI for the first time ever and two different reps told me they can't do anything without a HP. I said "no, thanks"

Re: DSNB - Macys CLI ?

FinStar — Tue, 10 Dec 2013 23:05:52 GMT

@ccuser wrote:
I have a Macys store card since 2010 with $1000 CL, which is my lowest limit. Today I asked them for a CLI for the first time ever and two different reps told me they can't do anything without a HP. I said "no, thanks"

Do you know if you've been SP'd recently by DSNB/Macy's on your CRs? This could determine if you'd be elegible for a CLI via SP.

Re: DSNB - Macys CLI ?

IWOL — Wed, 11 Dec 2013 00:39:50 GMT

Ive had my Macys card since March of 2013. Its started with a limit of $300. After the 4th statment cut I called in for a CLI and they incresed it to $2000...no hard pull. Then in November I called again and they gave me an increase to $3500, again no hard pull. I decided since it was holiday shopping season I would call and see if I could get another increase yersterday.

They increased me again to $5000. The reps always say during the call...."do we have your permission to check your credit" which makes it sound like a hard pull but mine have always been sp.

The sp may correspond to the fact that everytime I requested an icrease there was a recent AR-Macys soft on my report. The last one was done on 10/25 and I beleive that pull was used for my November and my December increase, since I do not see a new soft pull from December.

One note, I have used the card alot. I have made purcahses every month, averaging around $150 to $300, so in the 10 months I have had the card I have run around $2600 through it and always paid the balance in full.

Re: DSNB - Macys CLI ?

Creditaddict — Wed, 11 Dec 2013 01:01:24 GMT

@ccuser wrote:
I have a Macys store card since 2010 with $1000 CL, which is my lowest limit. Today I asked them for a CLI for the first time ever and two different reps told me they can't do anything without a HP. I said "no, thanks"

as others have stated they for some reason are being told they must tell us it's a hp but it seems in 98% of the time they use the credit on file they have pulled which is updated monthly anyway... unless you are about to apply for a mortgage and can't afford the hp because I wouldn't worry about it and apply... i almost gaurantee its a sp.

Re: DSNB - Macys CLI ?

ccuser — Mon, 16 Dec 2013 22:39:50 GMT

So I called them again and proceeded with the CLI. Asked for $3000, got $1800. Less than I expected, but still an increase. No hard pull.

Re: DSNB - Macys CLI ?

FinStar — Mon, 16 Dec 2013 22:46:24 GMT

@ccuser wrote:
So I called them again and proceeded with the CLI. Asked for $3000, got $1800. Less than I expected, but still an increase. No hard pull.

Nicely done. A CLI is still a CLI!

Re: DSNB - Macys CLI ?

Ron1 — Mon, 16 Dec 2013 22:59:27 GMT

I got denied for CLI last week with HP.

Ron.

topic Re: DSNB - Macys CLI ? in Credit Cards

DSNB - Macys CLI ?

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