Applying for a Macy's Card

What You Need to Know Before Signing Up for a Macy's Credit Card

© L. Marie Dubuque

Jan 27, 2008
You'll enjoy special sales with a Macy's card. , Stockxpert
How easy is it to get a Macy's department store credit card? The application requirements and what you should know once you've been accepted.

If you've never applied for credit before, start with a department store charge card. Macy’s in particular is easy to qualify for and simple to use if you follow certain guidelines.

How to Qualify for a Macy’s Card

You’ll need a FICO score of at least 500 to get accepted. You should live in your home for a minimum of three months before applying. If you meet those two requirements you'll likely qualify for credit immediately. Even if you have no credit history but a good employment record and a bank account, try to talk the manager into accepting your application anyway.

Where to Apply

You can apply online, by phone or in the store. If you fill out an online application or apply by telephone, you’ll need a major credit card in your name. That’s not necessary if you sign up at the store.

Interest Rate Charges and Late Fees

Macy’s charges an annual percentage rate of 22.9 percent and late fees of anywhere from $15 to $35. If you fail to make the minimum payment for two consecutive billing cycles or you miss a payment twice in a six-month period your interest rate will go up to 24.9 percent. But if you pay your bill on time for six months, the rate will go back down to 22.9 percent. There is no annual fee or over-the-limit penalties.

Perks Associated with the Macy’s Card

  • You’ll receive fifteen percent off all purchases for two days after you receive the card. So you might want to apply when you know you have a lot to buy.
  • As with most department store cards, Macy’s works on a point system. The more you spend the more points you can apply toward future purchases. Just be careful and don’t fall into a spending trap simply to rack up more store credit.
  • You’ll be privy to monthly cardholder-only savings events. Take advantage of these sales by waiting to spend until you get a sale notice in the mail.
  • Returns are easy. Cardholders have up to 180 days to return an item even without a receipt.
  • Free gift wrap, basic alterations and package delivery (up to $60) for those who spend at least $1,000 a year on a Macy’s card.

Bottom line: If you shop at Macy’s a lot anyway, this is a good card to have in your wallet. The special sales events and services make it convenient and economical…But only if you pay the entire bill every month. At an APR of 22.9 percent, you don’t ever want to carry a balance.

Related articles:

How to save big with coupons you get in the mail.

Learn about prepaid credit cards for teens.


The copyright of the article Applying for a Macy's Card in Consumer Education is owned by L. Marie Dubuque. Permission to republish Applying for a Macy's Card in print or online must be granted by the author in writing.


You'll enjoy special sales with a Macy's card. , Stockxpert
       


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Comments
Oct 9, 2008 4:28 AM
Guest :
can you apply for a Macys card if you live outside USA??
Jan 17, 2009 11:30 AM
Guest :
i just applied for a macy's card yesterday and it was soooo easy.i'm saying that because i have a situation since i'm not a resident in this country but still without ssn and only with a EXPIRED driver license,i was able to get a $499 Macy's card.That's cool.
Apr 29, 2009 4:18 PM
Guest :
about how many days i can receive that card? i applyed it three days already
Jun 5, 2009 10:41 AM
Guest :
DONT GET A MACYS CARD if you live outside the US. The only way to pay on the credit card is to send a money order.. tracking is only available to the Cdn/US Border and they love hitting you with a $35 late fee for not making the min payment. So if you owe $5 on your card and are late or your payment doesnt make it in the mail. you now owe $40. The %15 that they wave infront of your face to sign up in the first place is a joke and not worth the trouble you are going to go through in the end.
Jul 27, 2009 8:36 AM
Guest :
if it's sooooo easy why them I & some I know of got turn down, with social @ Itn #s? Having Bank accts. and other credit cards eg. visa, debit-master, Roamans, Chadwick's and Braylans Home credits cards. Dont miss a payment, always on time & clear all defferes before time. But yet was turn dowwn my Macys
Aug 14, 2009 7:08 PM
Guest :
i am currently in school, and have been living at my current address for over 7 years but i currently just got a joint cheking account w/ my dad and i dont think he has very good credit!... i think the debit card is negative!... do u think i can get one??
6 Comments