topic Re: Max limit on Macys store card? in Credit Cards

Max limit on Macys store card?

IWOL — Mon, 17 Feb 2014 19:46:25 GMT

I currently have a limit of $5000 on my Macy's store card.

I was chatting online with a CSR this morning about an increase. Im looking at buying a mattress with their 24 months no interest offer on mattress purchases over $1500. The mattress I want to purchase is $4200 so I have enough available credit but I would prefer not to have a card reporting over 90% util for a few months as I would plan to pay this off over 9 months or so.

They keep trying to offer me a Special Events account but I dont want a new account on my report so I was wondering if any one out there has a store card limit of 10k or 15K.....anyone know what the max limit on store card is?

Re: Max limit on Macys store card?

Anonymous — Mon, 17 Feb 2014 19:47:29 GMT

@IWOL wrote:
I currently have a limit of $5000 on my Macy's store card.

I was chatting online with a CSR this morning about an increase. Im looking at buying a mattress with their 24 months no interest offer on mattress purchases over $1500. The mattress I want to purchase is $4200 so I have enough available credit but I would prefer not to have a card reporting over 90% util for a few months as I would plan to pay this off over 9 months or so.

They keep trying to offer me a Special Events account but I dont want a new account on my report so I was wondering if any one out there has a store card limit of 10k or 15K.....anyone know what the max limit on store card is?

dont think they have a cap on the CL.

if you want the 0% promo you will need to put the purchase on the special accounts. The regular store card will not have the promo if I am not wrong.

Re: Max limit on Macys store card?

IWOL — Mon, 17 Feb 2014 19:55:28 GMT

On the website it says "on your Macy's card"

Re: Max limit on Macys store card?

Anonymous — Mon, 17 Feb 2014 19:59:40 GMT

@IWOL wrote:

On the website it says "on your Macy's card"

oh it does seem like the regular macys card will work then.

have you tried asking them for a CLI yet? If you want to avoid a new account entirely, you can always ask for a HP CLI for a more significant CLI.

Re: Max limit on Macys store card?

09Lexie — Mon, 17 Feb 2014 20:13:25 GMT

@Anonymous wrote:
@IWOL wrote:

On the website it says "on your Macy's card"
oh it does seem like the regular macys card will work then.

have you tried asking them for a CLI yet? If you want to avoid a new account entirely, you can always ask for a HP CLI for a more significant CLI.

Yes, for Macys Credit Card BUT it will be on the Furniture Account -or whatever they call it nowadays.

Re: Max limit on Macys store card?

Creditaddict — Mon, 17 Feb 2014 20:15:08 GMT

@Anonymous wrote:
@IWOL wrote:

On the website it says "on your Macy's card"
oh it does seem like the regular macys card will work then.

have you tried asking them for a CLI yet? If you want to avoid a new account entirely, you can always ask for a HP CLI for a more significant CLI.

it is on your macys card... but Macy's uses MANY lines OFF of your main Macy's Account

If you want the 0% it's a "Special Purchar or Major Purchase" account they give you and it will report a new line.

You could purchase on your regular Macy's card but it will have no 0% so you would have to pay in full or pay the 24.5%.

I don't know of any max limit with the regular store card either, I have had $10,700 before on store and $12k on Amex and 5800 on Major Purchase at 1 given time... I have read as much as $27,000 on just a store account before.

other then the possible hit to AA having the major purchase account isn't a big deal, they will give it to you with a sp almost 99% of the time and it will automatically close out when it hits $0 and it only reports if you actually use it.

Re: Max limit on Macys store card?

09Lexie — Mon, 17 Feb 2014 20:17:22 GMT

@Creditaddict wrote:
@Anonymous wrote:
@IWOL wrote:

On the website it says "on your Macy's card"
oh it does seem like the regular macys card will work then.

have you tried asking them for a CLI yet? If you want to avoid a new account entirely, you can always ask for a HP CLI for a more significant CLI.

it is on your macys card... but Macy's uses MANY lines OFF of your main Macy's Account
If you want the 0% it's a "Special Purchar or Major Purchase" account they give you and it will report a new line.
You could purchase on your regular Macy's card but it will have no 0% so you would have to pay in full or pay the 24.5%.
I don't know of any max limit with the regular store card either, I have had $10,700 before on store and $12k on Amex and 5800 on Major Purchase at 1 given time... I have read as much as $27,000 on just a store account before.

other then the possible hit to AA having the major purchase account isn't a big deal, they will give it to you with a sp almost 99% of the time and it will automatically close out when it hits $0 and it only reports if you actually use it.

Thanks Creditaddict! Your explanation was far better than mine.

Re: Max limit on Macys store card?

Anonymous — Mon, 17 Feb 2014 20:21:02 GMT

I'm curious about this. If you use the major purchase line, and pay it off, will that report for 10 years as a positive account? Or does that line come off your credit report once it is paid?

Re: Max limit on Macys store card?

Creditaddict — Mon, 17 Feb 2014 20:27:14 GMT

@Anonymous wrote:
I'm curious about this. If you use the major purchase line, and pay it off, will that report for 10 years as a positive account? Or does that line come off your credit report once it is paid?

you know what I just logged into my EX monitoring because I pulled a tri-report yesterday and I don't see either of my 2 major purchase accounts I have had in the past....

I could have sworn they use to be there but the CL would go down as I paid and then went away once it was paid.

Re: Max limit on Macys store card?

Anonymous — Mon, 17 Feb 2014 20:42:09 GMT

@Creditaddict wrote:
@Anonymous wrote:
I'm curious about this. If you use the major purchase line, and pay it off, will that report for 10 years as a positive account? Or does that line come off your credit report once it is paid?
you know what I just logged into my EX monitoring because I pulled a tri-report yesterday and I don't see either of my 2 major purchase accounts I have had in the past....
I could have sworn they use to be there but the CL would go down as I paid and then went away once it was paid.

Hm so it could potentially be helpful or harmful while it's there, but once paid, your AAoA should go back up, since that "new" additional tradeline got removed... interesting. Thanks, CA!

Re: Max limit on Macys store card?

dodgerslv — Mon, 17 Feb 2014 20:47:33 GMT

@Creditaddict wrote:
@Anonymous wrote:
I'm curious about this. If you use the major purchase line, and pay it off, will that report for 10 years as a positive account? Or does that line come off your credit report once it is paid?
you know what I just logged into my EX monitoring because I pulled a tri-report yesterday and I don't see either of my 2 major purchase accounts I have had in the past....
I could have sworn they use to be there but the CL would go down as I paid and then went away once it was paid.

i wish mine could go away. I have 2 also, didnt know back in late 2012 that they would report as a new tradeline. I have had them at zero for almost a year and they are still there.

Re: Max limit on Macys store card?

mxp114 — Mon, 17 Feb 2014 21:08:32 GMT

From Macy's site:

We report each Account Type you request on your Account separately to the credit bureaus, which would cause you to have an entry on your credit report for each Account Type.

I just wish they backdated the opening date to reflect the original opening of your Macy's account.

Re: Max limit on Macys store card?

Creditaddict — Mon, 17 Feb 2014 21:35:24 GMT

@mxp114 wrote:
From Macy's site:
We report each Account Type you request on your Account separately to the credit bureaus, which would cause you to have an entry on your credit report for each Account Type.

I just wish they backdated the opening date to reflect the original opening of your Macy's account.

I REALLY like your signature line

Re: Max limit on Macys store card?

westo12 — Tue, 08 Apr 2014 18:46:32 GMT

CreditAddict, just sent you a PM if you can take a look when you have time? Thanks!