Saks Fifth Ave World Elite MC

[wmarat]

Does anyone have this card. What they pull, what scores are recommended, general opinion about this card.
CB pull database does not offer much info as well as whostolemydatabase.

[Anonymous]

Have you tried whogavemecredit.com? I'd start there.

Sorry, but I can't help you on that one.

[Anonymous]

Most cards that have signature and world in the name are not reporting CL's. If the card has no preset spending limit you may want to avoid if you need the CL for util. purposes.

[Anonymous]

I don't have this card, but I can tell you what I know about it.  I've had the regular, store-use only Saks Fifth Avenue card since 1978.   Saks accounts are currently handled by HSBC.  They do review my Equifax report annually.

I do receive numerous invitations to upgrade my card to the Saks Fifth Avenue World Elite MasterCard, but I decline these offers.  In fact, I currently have an offer for this card that expires May 16th.  The reason that I don't accept these "invitations" is that the Saks MC is a separate, distinct card from their regular retail store card.   Although these are "preapproved" offers, it still means a new, hard inquiry on my credit reports.  From what Saks' Credit Department has explained to me, should I accept one of these "invitations," I would keep my old Saks account, and the new MC would be in addition to my existing Saks card.  My current Saks retail store credit card number would be on the back of the MasterCard.   I would receive 2 different billing statements--one from my Saks purchases (using the retail account number) and another one from purchases using the MasterCard. 

As mentioned by so_confused, this is a "World" card.  It has a no pre-set spending limit, and chances are very slim that this card would accurately report a credit line to the CRAs. 

[Anonymous]

i say it's a decent alternative to the amex plat, gives you the airline lounge access and has a mechanism to get free airline tix. i'm not thrilled with hsbc, so for me that's a mark against them.

i have been too active or i might be tempted. i think my next pull will be for the state farm visa.

[wmarat]

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so_confused wrote:

Most cards that have signature and world in the name are not reporting CL's. If the card has no preset spending limit you may want to avoid if you need the CL for util. purposes.

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I have herd that this card does report CL. I do not need util, anyway my util is 0%

[wmarat]

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psychic wrote:

I don't have this card, but I can tell you what I know about it.  I've had the regular, store-use only Saks Fifth Avenue card since 1978.   Saks accounts are currently handled by HSBC.  They do review my Equifax report annually.

I do receive numerous invitations to upgrade my card to the Saks Fifth Avenue World Elite MasterCard, but I decline these offers.  In fact, I currently have an offer for this card that expires May 16th.  The reason that I don't accept these "invitations" is that the Saks MC is a separate, distinct card from their regular retail store card.   Although these are "preapproved" offers, it still means a new, hard inquiry on my credit reports.  From what Saks' Credit Department has explained to me, should I accept one of these "invitations," I would keep my old Saks account, and the new MC would be in addition to my existing Saks card.  My current Saks retail store credit card number would be on the back of the MasterCard.   I would receive 2 different billing statements--one from my Saks purchases (using the retail account number) and another one from purchases using the MasterCard. 

As mentioned by so_confused, this is a "World" card.  It has a no pre-set spending limit, and chances are very slim that this card would accurately report a credit line to the CRAs. 

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I know that this card is duo card and issues 2 statemens, one for Saks purchases and for out of Saks purchases, like Macys Visa and it gives 2 different TL and 2 different CL.

This is understood that application for new card = new hard inq.

I can not understand your negativism regarding this card. There is no AF and benefits of World Elite MC and I've read somewhere that this card does report CL.

[Anonymous]

I can't tell you much about the card but, as I'm sure everyone knows, HSBC is very stingy when it comes to CL. Maybe the UW is a bit different on this card, I couldn't tell you. However, even if you do wind up with a small limit, do keep in mind that that does not in any way put a limit on the usability of this card. Since it is World MC it has "no preset spending limit," so figure you can charge as much as you like as long as you PIF at the end of the month. Plus you get airport lounge access, free upgrades from economy to business class with "certain airlines," and the possibility of free companion ticket.

What's that, no AF?! I could have sworn this was the card with the $450 AF!

[wmarat]

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ChaoticKinesis wrote:
I can't tell you much about the card but, as I'm sure everyone knows, HSBC is very stingy when it comes to CL. Maybe the UW is a bit different on this card, I couldn't tell you. However, even if you do wind up with a small limit, do keep in mind that that does not in any way put a limit on the usability of this card. Since it is World MC it has "no preset spending limit," so figure you can charge as much as you like as long as you PIF at the end of the month. Plus you get airport lounge access, free upgrades from economy to business class with "certain airlines," and the possibility of free companion ticket.

What's that, no AF?! I could have sworn this was the card with the $450 AF!

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No AF

https://www.saksfifthavenue.com/html/sakscc_app/elite_mastercard_apply.jsp?JSESSIONID=LGThsBvGNG9vxW...

[Anonymous]

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@wmarat wrote:

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@Anonymous wrote:
I can't tell you much about the card but, as I'm sure everyone knows, HSBC is very stingy when it comes to CL. Maybe the UW is a bit different on this card, I couldn't tell you. However, even if you do wind up with a small limit, do keep in mind that that does not in any way put a limit on the usability of this card. Since it is World MC it has "no preset spending limit," so figure you can charge as much as you like as long as you PIF at the end of the month. Plus you get airport lounge access, free upgrades from economy to business class with "certain airlines," and the possibility of free companion ticket.

What's that, no AF?! I could have sworn this was the card with the $450 AF!

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No AF

https://www.saksfifthavenue.com/html/sakscc_app/elite_mastercard_apply.jsp?JSESSIONID=LGThsBvGNG9vxWsdhBJTYWq4JwgWBTM9M2s4vY6t6k8r1qTvkyGL!-606265101&ASSORTMENT%3C%3East_id=1408474399545537&bmUID=1208357754956&prp13=b3

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I know. I was alluding to the Amex Platinum, since it basically gives you the same benefits for no fee.