Macy’s American Express Card Review
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While Macy’s shoppers might think the Macy’s American Express® card will earn them valuable rewards at the store, you’ll start off earning 2% back at Macy’s, with the ability to earn up to 5% after spending $1,200 annually at Macy’s with your card. Otherwise, you’ll get 3% back at U.S. restaurants, 2% back at U.S. gas stations and U.S. supermarkets, and 1% cash back elsewhere. Rewards are automatically redeemed once you’ve accumulated 1,000 points for a $10 Star Money reward, and you must use them within 30 days or they expire. The card has no annual fee, and it does come with some nice shopping and travel perks.
The Macy’s American Express Card is not one of our top-rated rewards credit cards. You can review our list of the best rewards credit cards for what we think are better options.
Wells Fargo Cash Wise Visa Card
The Wells Fargo Cash Wise Visa® card is a simple, reliable cash back credit card for borrowers with good to excellent credit. While the card doesnt come with quite so many bells and whistles as a luxury rewards credit card, theres plenty to like about this straightforward cash back card.
The Wells Fargo Cash Wise Visa® card earns an unlimited 1.5% cash back on all purchases, with no category restrictions or quarterly activations required. Theres an attractive introductory APR of 0% for 15 months on purchases and 0% for 15 months on qualifying balance transfers. After the introductory period, theres a 13.99%-25.99% APR based on your creditworthiness. The Wells Fargo Cash Wise Visa® card also has no annual fee, and comes with other perks like 24/7 fraud monitoring, zero liability protection, and cell phone protection.
Macy’s American Express Card Bonus
With most credit cards that offer a bonus, you have to spend a certain amount within the first few months of opening an account to qualify. The Macy’s American Express® card works differently.
When you’re approved for the card, you’ll get a two-day coupon for 20% off at Macy’s, worth up to $100 in savings. While that’s a decent bonus for a card with no annual fee, other cards offer more generous bonuses.
For example, with the Quicksilver card from Capital One, you’ll get a $200 cash bonus if you spend $500 on purchases within the first three months of opening an account. The card has no annual fee, and youll earn unlimited 1.5% cash back on every purchase.
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Benefits Of Using A Macys Credit Card
If you are a frequent shopper at Macys, your card can come in handy for you and benefit you in ways of rewards for shopping at Macys. When you use your card, you may be entitled to rebates on your purchases, rewards determined by Macys and gift certificates. You will be kept up to date on the offers and rewards being made by Macys, as a card holder. The more you shop and use your card, the bigger the rewards.
What Credit Score Do You Need For A Citibank Credit Card
You need a good for a Citi credit card in most cases. So you‘ll have a shot with a of 660+, and your odds will be good with 700+. But it really depends on which card you‘re after. Some Citi credit cards require higher scores, and one has no minimum score at all.
Accordingly, which Citi credit card is the easiest to get?
Here are some of the easiest Citi cards to get:
- Citi Secured Mastercard Available with credit score below 640.
- Best Buy Store Card 640 credit score needed.
- Shell Gas Card 640 credit score needed.
- Merchants Tire Credit Card 640 credit score needed.
Also Know, what credit score do most credit card companies require? Most credit card offers require very good Most so-called prime and superprime are only available to applicants with of 750 or better. These include most American Express, Chase, and Bank of America .
Thereof, is it hard to get approved for a Citibank credit card?
It takes either good or excellent in order to get approved for cards such as Citi Double Cash or Citi ThankYou Premier. However, there are a number of store cards that are among the easiest Citi cards to get.
What credit card is good for a 600 credit score?
Best credit cards if your FICO score is 600 to 649 overview
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Average Credit: 600 699
If youve just started to use credit or are recovering from a missed payment or two, youll probably have a lower credit score in the 600s.
This means youll have trouble getting approved for many of the credit cards you see advertised most, but dont worry, there are still offers out there for you.
Not knowing this, you may try to apply for several cards and get declined which, in turn, will hurt your credit score even more. If youre in this group, youll want to know which credit cards will offer you the best chance of approval and apply for those cards first. You may be able to get approved for some of the leading cards, but its iffy.
Applying For The Macys Cards
Prospective cardholders can submit an application for a Macys credit card either in-store or online.
Remember, only 1 application is submitted, and the Macys card you receive is based on your creditworthiness.
Neither Citibank nor Macys publicly lists the minimum credit score needed for approval on these cards. However, most credit card review sites agree that the Amex version of this card is a lot tougher to qualify for.
Your chances of a Macys Amex approval are improved if your score is in the good range. Alternatively, the general consensus in regards to approval for the basic Macys card is having a fair credit score.
Remember, your Star Rewards status has nothing to do with your credit score or which card you get, but rather your spending on these cards after you are approved.
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How Can I Add Cards To My Account Or Combine Them
As long as you have an online profile at macys.com, you can expedite things when it comes time to check out. And dont worry if you have both the regular Macys Credit Card and the Macys American Express® Card , you can add them both to your account.
Youll need to know your card account number, the security code on your card, your name as it appears on your card or , and the last four digits of your Social Security number.
Start by signing in at macys.com. Then, in the My Macys Credit Card section, select the Add My Card button. Enter the required information, and select the Add Card button at the bottom. If you want to add another card, select the My Macys Credit Card link on the left hand side. Select the drop down box and select the Add Another Card button. Enter the required information, and youll be good to go.
Understand How Welcome Offers Work
Like many other credit card issuers, American Express provides upfront incentives called welcome offers to new cardholders. These initiatives allow you to earn a bonus when you meet a minimum spending requirement in the first few months.
With the Blue Cash Everyday® Card from American Express, for example, you can earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of Card Membership. Terms apply.
However, American Express only allows you to earn a card’s welcome offer once. This means that if you’ve had a certain American Express card before and canceled it, you can’t get its welcome offer ever again.
Other card issuers may have similar restrictions, so make sure you do your research before applying.
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Re: Macys Store Card Approval Odds
It takes more than score. Any baddies, average age of accounts current cards, etc. In order to give an answer.
It takes more than score. Any baddies, average age of accounts current cards, etc. In order to give an answer.
Average age of accounts is 4.2 years and i have 4 old baddies that drop off in 2015 ans 2016
What Credit Scores Do I Need To Qualify For The Macys Credit Card
Its recommended for you to have fair credit before applying for the Macys Credit Card.
That would mean your credit scores would be within the ranges of 580669 for FICO and 650699 for VantageScore.
Take note that credit card issuers look at more than just your scores when deciding your creditworthiness. Other factors, like income and source of income, also have a role in the decision.
That means even if your credit scores are below those ranges, you may still be approved. However, that also means if your credit scores are higher, theres a chance you might be denied.
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Ive Got Good Credit Why Was I Denied For A Credit Card
Oftentimes you can still be denied for a credit card even though your credit score isnt that bad. This is especially true if your credit score isnt in the mid-700s or better.
Banks approval criteria for each card changes all the time. But common reasons you may be denied a credit card, even if you have a good credit score, include:
- Too much debt
- Too much available credit
- Too short of a credit history
- Recent late payments, charge-offs, or other negative items
If your credit score is in the high 600s, you may still get approved for some of the leading card offers, but this is where you have to be careful. Youre more likely to be approved if you have a year or two of on-time payments and very little credit card debt. If your score is lower than 700 because youve missed payments or have a lot of revolving debt, your approval chances are lower.
Dont apply for new credit if you have recent late payments or big balances on your existing credit cards. Even if you pay your cards in full each month, that big balance from the month you went on vacation could look like debt to a banks computers. The best time to apply for a new credit card is when:
- Your current card balances arent too high
- You have not missed a payment in the last two years
- You have not recently applied for other credit
What Is Macys Star Rewards Program
Star Rewards is Macys loyalty program, which allows you to earn points on every purchase. Every 1,000 points gets you $10 in Star Money to use on future purchases. Youll also receive 25% off Star Pass Coupons semi-regularly, which can be used on top brands and beauty items that rarely go on sale. Check out our Macys Savings Hack: Star Rewards to learn more.
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Fees & Drawbacks Of The Macys Card
All credit cards have their own fees and drawbacks so how do the Macys cards stack up?
|Up to $39||Up to $39|
None of the Macys cards carry an annual fee, which is a big plus for lots of people.
However, what each card DOES carry is a pretty hefty APR. At 27.49%, cardholders can get buried in fees/penalties pretty quickly if they carry a balance in their account.
Whats the best way to avoid fees and penalties? Always act as a responsible cardholder.
So how do you do that? Always pay off your balance in full, on time, each month. Period. If you cant achieve this goal, you should pay off as much as you possibly can on time each month to minimize added expenses.
Youll also note that if youre utilizing the Macys American Express® Card, youll see fees attached for cash advances and for foreign transaction fees.
There are a couple of glaringly obvious drawbacks to the Macys card, especially if youre not a Platinum rewards member.
If youre at Silver or Gold status in the Star Rewards program, you cant earn points outside of Star Money Days. There are MANY other retailers that offer their customers/cardholders rewards on each and every purchase that they make through the store as a type of loyalty reward.
This is even the case with regards to the 3-2-1 earnings program associated with the Macys American Express® Card. If youre earning rewards on everyday spending, wouldnt you want to utilize them however you want?
Star Rewards Benefits Based On Spending
The Macys credit cards include Star Rewards Benefits which are based on the amount you spend with your credit card.
The program is separated into tiers referred to as Preferred, Elite, and Premier Elite, and each provides a certain level of benefits when you shop.
For example, Preferred status requires spending between $1 and $499 per year, and includes special Macys Star Pass mailings for shopping discounts, 3 times a year.
On the other hand, the highest tier, Premier Elite, requires $1,200 or more per year and includes mailings for shopping discounts 12 times per year.
Other benefits include surprise savings at the register, special birthday offers, and online offers.
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The Rewards Rate Depends On How Much You Spend At Macys
Macys credit cards come with a tiered reward rate, meaning rewards correlate to how much you spend at the retailer:
Silver: When you first open a Macys credit card, you receive silver status, which earns 2% back on Macys purchases. The status applies to those who spend between $1 and $499 a year on the card.
Gold: Cardholders who spend between $500 and $1,199 are upgraded to Gold status, which earns 3% back on Macys purchases.
Platinum: The highest level, Platinum, earns 5% back on Macys purchases. You must spend $1,200 or more annually at Macys to maintain that status.
With the open-loop version of the Macy’s card, you also earn rewards on purchases outside of Macys: 3% back at restaurants, including delivery 2% back at gas stations and supermarkets and 1% back on everything else.
Note that if you dont have a Macys credit card, you can join the loyalty program as a Bronze member and earn 1% back in rewards. The loyalty program comes with Star Money Bonus Days on which you can earn rewards more quickly. Cardholders also receive occasional Star Passes in the mail, which offer 25% off.
Can A College Student Get A Credit Card With No Job
If you dont have any form of income, you can open your own credit card account by having a family member co-sign. If your parents or other family members are willing to do so, opening a joint account can help build your credit while giving you access to the rewards and benefits that a student credit card offers.
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What Are The Drawbacks To Using A Macys Credit Card
Any credit card has drawbacks and using Macys credit card is no different. If you are not a responsible credit card holder, you can accrue big balances between the purchases and credit charges. Paying your bill on time and in full, as mentioned, helps avoid this, but if you dont, it can be hard to get on top of your bill and pay it down.
Another drawback of using a Macys credit card is that should you miss a payment for any reason, the credit issuer has the option to increase your APR to a higher percentage. This can make it even harder to get your bill paid down as well as, if you happen to go past 30 days to get a payment made, your credit score can take a big hit.
When it comes to getting any credit card, including a department store card, you are essentially taking your credit score into your hands. If your credit score is important to you, then its important to be a responsible credit card holder.
Use Your Credit Card Responsibly
Regardless of where you get your credit card, it’s crucial that you develop good credit card habits. For starters, it’s important to pay your bill on time every month to avoid missing a payment, which can hurt your credit score and result in a fee.
Also, make it a goal to pay your balance in full every month, which will ensure you never pay interest. If you can’t pay back what you charge to your card, consider using cash or a debit card to avoid overspending.
Finally, it’s critical that you keep your credit card balance as low as possible. Your credit card balances affect your , which is an important factor in your credit scores. If you’re constantly bumping up against your credit limit, that could be seen as risky behavior by lenders and credit scoring models, even if you pay your bill in full every month. When your balance climbs above 30% of your credit limit you risk credit score harm. There’s no hard-and-fast rule, but the lower, the better.
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Here Are Your Best Options:
If you have OK but not great credit, Capital One credit cards should be your first stop for a new credit card. Capital One is a major card issuer that has some cards well-suited for consumers with average but not-quite excellent credit. Because theyre such a big bank, Capital One has lots of great cards and you may be able to upgrade your card as your credit improves.