Max limit on Macys store card?

[IWOL]

I currently have  a limit of $5000 on my Macy's store card.

I was chatting online with a CSR this morning about an increase. Im looking at buying a mattress with their 24 months no interest offer on mattress purchases over $1500. The mattress I want to purchase is $4200 so I have enough available credit but I would prefer not to have a card reporting over 90% util for a few months as I would plan to pay this off over 9 months or so.

They keep trying to offer me a Special Events account but I dont want a new account on my report so I was wondering if any one out there has a store card limit of 10k or 15K.....anyone know what the max limit on store card is?

[enharu]

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@IWOL wrote:

I currently have  a limit of $5000 on my Macy's store card.

I was chatting online with a CSR this morning about an increase. Im looking at buying a mattress with their 24 months no interest offer on mattress purchases over $1500. The mattress I want to purchase is $4200 so I have enough available credit but I would prefer not to have a card reporting over 90% util for a few months as I would plan to pay this off over 9 months or so.

They keep trying to offer me a Special Events account but I dont want a new account on my report so I was wondering if any one out there has a store card limit of 10k or 15K.....anyone know what the max limit on store card is?

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dont think they have a cap on the CL.

if you want the 0% promo you will need to put the purchase on the special accounts. The regular store card will not have the promo if I am not wrong.

[IWOL]

On the website it says "on your Macy's card"

[enharu]

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@IWOL wrote:

On the website it says "on your Macy's card"

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oh it does seem like the regular macys card will work then.

have you tried asking them for a CLI yet? If you want to avoid a new account entirely, you can always ask for a HP CLI for a more significant CLI.

[09Lexie]

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@enharu wrote:

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@IWOL wrote:

On the website it says "on your Macy's card"

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oh it does seem like the regular macys card will work then.

have you tried asking them for a CLI yet? If you want to avoid a new account entirely, you can always ask for a HP CLI for a more significant CLI.

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Yes, for Macys Credit Card BUT it will be on the Furniture Account -or whatever they call it nowadays. 

[Creditaddict]

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@enharu wrote:

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@IWOL wrote:

On the website it says "on your Macy's card"

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oh it does seem like the regular macys card will work then.

have you tried asking them for a CLI yet? If you want to avoid a new account entirely, you can always ask for a HP CLI for a more significant CLI.

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it is on your macys card... but Macy's uses MANY lines OFF of your main Macy's Account

If you want the 0% it's a "Special Purchar or Major Purchase" account they give you and it will report a new line.

You could purchase on your regular Macy's card but it will have no 0% so you would have to pay in full or pay the 24.5%.

I don't know of any max limit with the regular store card either, I have had $10,700 before on store and $12k on Amex and 5800 on Major Purchase at 1 given time... I have read as much as $27,000 on just a store account before.

other then the possible hit to AA having the major purchase account isn't a big deal, they will give it to you with a sp almost 99% of the time and it will automatically close out when it hits $0 and it only reports if you actually use it.

[09Lexie]

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@Creditaddict wrote:

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@enharu wrote:

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@IWOL wrote:

On the website it says "on your Macy's card"

---

oh it does seem like the regular macys card will work then.

have you tried asking them for a CLI yet? If you want to avoid a new account entirely, you can always ask for a HP CLI for a more significant CLI.

---

it is on your macys card... but Macy's uses MANY lines OFF of your main Macy's Account

If you want the 0% it's a "Special Purchar or Major Purchase" account they give you and it will report a new line.

You could purchase on your regular Macy's card but it will have no 0% so you would have to pay in full or pay the 24.5%.

I don't know of any max limit with the regular store card either, I have had $10,700 before on store and $12k on Amex and 5800 on Major Purchase at 1 given time... I have read as much as $27,000 on just a store account before.

other then the possible hit to AA having the major purchase account isn't a big deal, they will give it to you with a sp almost 99% of the time and it will automatically close out when it hits $0 and it only reports if you actually use it.

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Thanks Creditaddict!  Your explanation was far better than mine. 

[notfancy]

I'm  curious about this. If you use the major purchase line, and pay it off, will that report for 10 years as a positive account? Or does that line come off your credit report once it is paid?

[Creditaddict]

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@notfancy wrote:

I'm  curious about this. If you use the major purchase line, and pay it off, will that report for 10 years as a positive account? Or does that line come off your credit report once it is paid?

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you know what I just logged into my EX monitoring because I pulled a tri-report yesterday and I don't see either of my 2 major purchase accounts I have had in the past....

I could have sworn they use to be there but the CL would go down as I paid and then went away once it was paid.

[notfancy]

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@Creditaddict wrote:

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@notfancy wrote:

I'm  curious about this. If you use the major purchase line, and pay it off, will that report for 10 years as a positive account? Or does that line come off your credit report once it is paid?

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you know what I just logged into my EX monitoring because I pulled a tri-report yesterday and I don't see either of my 2 major purchase accounts I have had in the past....

I could have sworn they use to be there but the CL would go down as I paid and then went away once it was paid.

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Hm so it could potentially be helpful or harmful while it's there, but once paid, your AAoA should go back up, since that "new" additional tradeline got removed... interesting. Thanks, CA!