Joint Card Applications

[Anonymous]

I found out recently that in community property states a spouse can list the other spouse's income as their own. Like in Texas and Califorina etc..

[HiLine]

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@distantarray wrote:

Also if you have a 720+ score you'll get approved for a Macy's store account and Macy's Amex (two accounts on one card - store purchases goes on Macy's store, and everywhere else goes to Amex) 

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Are you sure about this? I would think that Amex only serves as a payment processing network for this kind of cards. Hm...

[Creditaddict]

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@HiLine wrote:

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@distantarray wrote:

Also if you have a 720+ score you'll get approved for a Macy's store account and Macy's Amex (two accounts on one card - store purchases goes on Macy's store, and everywhere else goes to Amex) 

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Are you sure about this? I would think that Amex only serves as a payment processing network for this kind of cards. Hm...

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It's a Macy's American Express (Just runs on the Amex network) it's still backed by Store National or whatever it's called....Citi

[HiLine]

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@Creditaddict wrote:

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@HiLine wrote:

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@distantarray wrote:

Also if you have a 720+ score you'll get approved for a Macy's store account and Macy's Amex (two accounts on one card - store purchases goes on Macy's store, and everywhere else goes to Amex) 

---

Are you sure about this? I would think that Amex only serves as a payment processing network for this kind of cards. Hm...

---

It's a Macy's American Express (Just runs on the Amex network) it's still backed by Store National or whatever it's called....Citi

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OK, so I guess all purchases on the card go to both Macy's and the bank, and only the payment processing fees go to Amex. Is that correct? 

[Creditaddict]

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@HiLine wrote:

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@Creditaddict wrote:

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@HiLine wrote:

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@distantarray wrote:

Also if you have a 720+ score you'll get approved for a Macy's store account and Macy's Amex (two accounts on one card - store purchases goes on Macy's store, and everywhere else goes to Amex) 

---

Are you sure about this? I would think that Amex only serves as a payment processing network for this kind of cards. Hm...

---

It's a Macy's American Express (Just runs on the Amex network) it's still backed by Store National or whatever it's called....Citi

---

OK, so I guess all purchases on the card go to both Macy's and the bank, and only the payment processing fees go to Amex. Is that correct? 

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yes for outside of Macy's

[HiLine]

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@Creditaddict wrote:

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@HiLine wrote:

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@Creditaddict wrote:

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@HiLine wrote:

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@distantarray wrote:

Also if you have a 720+ score you'll get approved for a Macy's store account and Macy's Amex (two accounts on one card - store purchases goes on Macy's store, and everywhere else goes to Amex) 

---

Are you sure about this? I would think that Amex only serves as a payment processing network for this kind of cards. Hm...

---

It's a Macy's American Express (Just runs on the Amex network) it's still backed by Store National or whatever it's called....Citi

---

OK, so I guess all purchases on the card go to both Macy's and the bank, and only the payment processing fees go to Amex. Is that correct? 

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yes for outside of Macy's

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How about for Macy's purchases? Does the bank get nothing? 

[Creditaddict]

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@HiLine wrote:

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@Creditaddict wrote:

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@HiLine wrote:

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@Creditaddict wrote:

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@HiLine wrote:

---

@distantarray wrote:

Also if you have a 720+ score you'll get approved for a Macy's store account and Macy's Amex (two accounts on one card - store purchases goes on Macy's store, and everywhere else goes to Amex) 

---

Are you sure about this? I would think that Amex only serves as a payment processing network for this kind of cards. Hm...

---

It's a Macy's American Express (Just runs on the Amex network) it's still backed by Store National or whatever it's called....Citi

---

OK, so I guess all purchases on the card go to both Macy's and the bank, and only the payment processing fees go to Amex. Is that correct? 

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yes for outside of Macy's

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How about for Macy's purchases? Does the bank get nothing? 

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Most likely the money Stores National gets is they don't actually have to pay other banks for the processing of any said cards in their stores if customers are swiping a Macy's Card.

[HiLine]

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@Creditaddict wrote:

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@HiLine wrote:

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@Creditaddict wrote:

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@HiLine wrote:

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@Creditaddict wrote:

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@HiLine wrote:

---

@distantarray wrote:

Also if you have a 720+ score you'll get approved for a Macy's store account and Macy's Amex (two accounts on one card - store purchases goes on Macy's store, and everywhere else goes to Amex) 

---

Are you sure about this? I would think that Amex only serves as a payment processing network for this kind of cards. Hm...

---

It's a Macy's American Express (Just runs on the Amex network) it's still backed by Store National or whatever it's called....Citi

---

OK, so I guess all purchases on the card go to both Macy's and the bank, and only the payment processing fees go to Amex. Is that correct? 

---

yes for outside of Macy's

---

How about for Macy's purchases? Does the bank get nothing? 

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Most likely the money Stores National gets is they don't actually have to pay other banks for the processing of any said cards in their stores if customers are swiping a Macy's Card.

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Haha I just realized that my question made no sense. Yeah you're right on that one. Do you happen to know how Macy's and the bank distribute the transaction fees between themselves? Does the bank or the store in general get the lion's share of the fees in such arrangements?