Macy’s credit card..

Anonymous · ‎08-11-2018

Hi all! Hoping I can get some direction before submitting an application for Macy’s. My credit scores ranges 650-705
EX 705 with 10 inqs
EQ 650 with 10 inqs
TU 690 with 3 inqs

I just started out with credit last March and I have no derogs on either TU or EX. Medical bills on EQ And one Verizon C/O

I need a store card to help with my profile.
Right now I have OpenSky, Capital one Quicksilver, NFCU cash rewards and Barclay Apple rewards. All except Opensky were opened this year.
Should I pull the trigger and apply for the store card? Or should I wait?

Anonymous · ‎08-11-2018

I was just approved for a Macy’s card with similar situation as yours. Tho I only received a $100 SL.

Anonymous · ‎08-11-2018

Hi, thanks for responding. Do you remember what CB they pulled for your report?

Anonymous · ‎08-11-2018

I’m in OH and they pulled Equifax

Anonymous · ‎08-11-2018

Do you remember what your scores or profile looked like on EQ? I have 4 medical collections (totaling 400 bucks and a c/o) it’s my worst report and I live in NJ

Anonymous · ‎08-11-2018

Fico 8 is at like 620

xaximus · ‎08-11-2018

IMO - I would see if you can clear off the CO with Verizon (depending on what the charge is and if you can fight it).

As far as the medical bills - AFAIK - it's possible to reach out to billing and see if they can recall the bill - another thing you can try is called charity case (or something along those lines where they either reduce the debt or cancel it completely) however, YEMV.

As far as your scores go, IMHO - you might get approved but may have a low limit. I would suggest clearing the baddies up first before applying.

Good luck!

Scores - All bureaus 770 +
TCL - Est. $410K

Anonymous · ‎08-11-2018

Get the card only if it will benefit you based on your spending, you don't need a "store card" to help with your credit profile (credit mix), it will just be viewed and scored as another CC, wherever you got that information from is wrong. If anything, it is said that having a store card can negatively affect your insurance score (credit based insurance score).

Anonymous · ‎08-11-2018

@Anonymous wrote:
Get the card only if it will benefit you based on your spending

This!

Anonymous · ‎08-12-2018

Was told a store card is necessary for my credit profile. How accurate is this?