How do you feel about Citibank taking over Macy's Accounts

[slund5499]

Any thoughts about the Citibank takeover of Macy accounts?

I noticed that when I log in to make a payment I am re-directed to the right page but through Citibank?

How will this affect future CLI and upgrades? Citibank pulls CR for CLI?

Will this be opportunity to get on Citibanks pre-approved list for future cards or will there be no benefit?

What is your opinion?

[slund5499]

Mod Edit - Duplicate threads across multiple forums have been merged.

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SunriseEarth

Moderator

[Anonymous]

Just to clarify, Citibank has not "taken over Macy's accounts". Macy's accounts have been and continue to be administered through DSNB (Department Stores National Bank), which is a retail arm of Citi.  They have made some changes to the web interfaces, but there has always been involvement with Citi.

[securingourfuture]

I think it's a joint venture situation via Department Store Bank. I've always noticed Citibank's name since I opened the card.

[Anonymous]

It sucks. All Macys had to do was update the system on how we see credit limits. Before it used to just be on the statement.

Now i cant even get a CLI without a hard pull. I remember i got about 3 or 4 CLI in a month before it happened. Should of went CLI crazy had I known

[Anonymous]

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@securingourfuture wrote:

I think it's a joint venture situation via Department Store Bank. I've always noticed Citibank's name since I opened the card.

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Yes - Citi has always been involved. It was website changes taking place.

And also, unfortunately, CLI changes too re/ HP. Same exact company, they just decided to make some changes to the website portal and to CLI.

It's always been separate from Citi (although a retail arm of Citi), so having a Macy's card makes no difference if you go to apply for a Citibank Visa or Mastercard.

[Anonymous]

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@Anonymous wrote:

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@securingourfuture wrote:

I think it's a joint venture situation via Department Store Bank. I've always noticed Citibank's name since I opened the card.

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Yes - Citi has always been involved. It was website changes taking place.

And also, unfortunately, CLI changes too re/ HP. Same exact company, they just decided to make some changes to the website portal and to CLI.

It's always been separate from Citi (although a retail arm of Citi), so having a Macy's card makes no difference if you go to apply for a Citibank Visa or Mastercard.

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Very true.  I burned Citibank a decade ago and cannot get any pre-approvals with them for their regular cards, but I had no problem getting the Macy's card.  Although at the time when I applied I had no idea it was an arm of Citi.  Had I known that, I probably would have been too scared to apply.  

[Anonymous]

Citibank has managed Macy's and Bloomingdale's accounts for some time now. DSNB is Citibank. 

[Anonymous]

I have found that being in with Macy's and having their Am Ex card does open the door for Citibank prescreened apps.

My DW and I have been targeted for Home Depot, Citibank's DP, DC and several other Visa/MC's with them within several months of getting Macy's Am Ex with scores over 700.

[pipeguy]

I had a Macy's Card way back in 1978, it's listed on my CR as my oldest open account - well that and AmEx. Had not used it in years, I mean a bunch of years and they closed it in 2014 due to lact of usage. Last spring I reapplied and they re-issued as a new account with a $1k SL, a month ago when I saw the account "redirected" to Citi, I askled for a CLI to $5,000 - Granted within maybe 30 minutes.

So....in my case, I have no problem with Citi "taking over" Macy's cards