How much damage would it cause me if I ask Macy's store card to Visa upgrade?

[Red1Blue]

How much damage would it cause me if I ask Macy's store card to Visa upgrade? Is it just a new hard inq damage or does it also cost new account damage.

I understand Visa reports as a seperate tradeline. If so does DSNB report the new Visa line from the old date or from the date of the update?

[Anonymous]

I don't think it's really an "upgrade", as such, it's an entirely new application for an entirely new account, which just happens to share the same piece of plastic as the store card. So it'd be a new inq, and a new tradeline reporting... pretty sure it'd report the date you opened the new account, rather than the date you opened the store card account. I don't actually have a Visa though, so can't be certain of that - I'm just sure that's what I've read/been told by Macy's when I asked about it ages ago. 

[Anonymous]

Similar question, what happens if your old Macys card is deactivated and then reactivated? I was told to reapply at the store. Right now, my Macys card is reported as active to all 3 CRA.

[Anonymous]

New inq (for me on EX) and new acct.

Don't do it. 

You said you want to grow what you have.  If you get declined you'll say you didn't want it anyway.  Save the headache.    (She said in her best teacher voice.)

[Red1Blue]

No, I am not going for it. From what I hear it is very hard to get the upgrade and I have never heard from any who said they were able to upgrade successfully.

[elaine829]

WHAT CREDIT SCORE DID YOU HAVE WHE YOU GOT THE VISA ? I TRIED FOR THE VISA AFTER THREE MTHS OF HAVING THE STORE CARD AND GOT DENIED. MY CREDIT SCORE WAS 671 I ASK THE CSR BEFORE I APPLIEDANS SHE SAID THAT SCORE WAS GOOD ENOUGH BUT THEN I GOT A LETTER SAYING I WAS DENIED BUT NO REASON. ALSO I CHECKED MY EXPERIAN AND THEY DID NOT HARD ME EITHER EVEN THOUGH THEY SAID IT WOULD BE ONE.

[Anonymous]

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elaine829 wrote:
WHAT CREDIT SCORE DID YOU HAVE WHE YOU GOT THE VISA ? I TRIED FOR THE VISA AFTER THREE MTHS OF HAVING THE STORE CARD AND GOT DENIED. MY CREDIT SCORE WAS 671 I ASK THE CSR BEFORE I APPLIEDANS SHE SAID THAT SCORE WAS GOOD ENOUGH BUT THEN I GOT A LETTER SAYING I WAS DENIED BUT NO REASON. ALSO I CHECKED MY EXPERIAN AND THEY DID NOT HARD ME EITHER EVEN THOUGH THEY SAID IT WOULD BE ONE.

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I didn't get the upgrade.  They harded my EX, which was 670 at the time w/ 18 years of history with Macy's.  I'm an AU on a Macy's/Macy's Visa card and those have different opening dates, that's why I know they don't just give you the same opening date.

Btw, when you type in CAPS people think you are yelling at them and they are not likely to answer.

[GST2008]

I tried for the upgrade at Bloomingdale's almost a year ago.  It cost me a hard inquiry and I did not get it.  If they offer it to you, you do get it without the inquiry.  A friend recently received an offer in the mail shortly before her old card was about to expire offering an upgrade to the Visa line of credit.  She received the new card and second line of credit without an inquiry.  My card expires in a month, so I'm hoping after a year and 10k of spending, I'll finally get the offer.  Interestingly, although they haven't yet offered me the visa line of credit, I have been offered a second, big ticket line (furniture & fine jewelry) over the phone several times.  I was told this second line wouldn't cost me an inquiry, but since it is only for use in the store I didn't accept it.  Lol, what do I need with two different types of in store accounts?  I just ask for my guideline increase every three months and have plenty of spending power on the one line.

[Creditaddict]

my friend asked for upgrade about 2 months ago, credit pull showed up last month but still NO response from them either way.... reps said they couldn't see anything until it's opened.