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Barneys New York Credit Card out of Market!

Janus
Senior Contributor

Re: Barneys New York Credit Card out of Market!

They're possibly just a relic of old Money, these days new Money seem to buying very different products? 






Message 11 of 16
CreditCuriosity
Moderator

Re: Barneys New York Credit Card out of Market!

IMO even if you have the kinda money to shop at barney's you are wasting it as way over priced.  Nordstrom's is bad enough for stuff not on sale and I am pretty picky on clothing.  They obviously aren't catering to the correct market or wouldn't be going through BK...

Message 12 of 16
zerofire
Established Contributor

Re: Barneys New York Credit Card out of Market!

I did not think the purple dinosaur had a store let alone a credit card. Goes to show how little time I spend in NYC. I say out with the old and in with the new since it seams like they were selling overpriced hype.

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Message 13 of 16
pizza1
Community Leader
Super Contributor

Re: Barneys New York Credit Card out of Market!

This is also why you should never count on the store cards for "padding". Barney's handed out mega limits over time, and if your utilization was higher, or borderline like 10-15%, and you lose a $30K line....that could mean disaster for some.

I had Barney's myself, and closed it a few years ago. I knew it was a matter of time before this would happen. I saw the writing then, and there was already talks of BK too a few years ago.

My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013
Message 14 of 16
DaveInAZ
Senior Contributor

Re: Barneys New York Credit Card out of Market!


@pizza1 wrote:
This is also why you should never count on the store cards for "padding". Barney's handed out mega limits over time, and if your utilization was higher, or borderline like 10-15%, and you lose a $30K line....that could mean disaster for some.

I had Barney's myself, and closed it a few years ago. I knew it was a matter of time before this would happen. I saw the writing then, and there was already talks of BK too a few years ago.

I remember you posting about that Barney's mega limits. Never tempted for anything from Comenity - I have two Barclays cards, one flaky lender is more than enough. Smiley Very Happy I dutifully stop by a Lowes store twice a year to buy a garden hose or potted plant to keep my $15k CL good. Smiley Wink

Message 15 of 16
J-F168
Frequent Contributor

Re: Barneys New York Credit Card out of Market!

They're closing the store in Beverly Hills as well.. and looks likethey're running out of market. I used to do shopping there but for us ( ppl from myfico) I do not thik we will be affected cuz we know how to play aroundSmiley Happy 

EX 713
EQ 700
TU 679br >BK 7 D/C Dec. '16.
Message 16 of 16
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