Why Is it So Hard to Get the Macy's Credit Card? (2024)

FAQs

Why Is it So Hard to Get the Macy's Credit Card? ›

As usual, your chances of getting a credit card at Macy's will depend on your credit score. The minimum required score for this card is 640. Other factors that the issuer will consider include stability of income, debt-to-income ratio, and frequency of credit inquiries.

You need good or excellent credit (700 or higher) to get the Macy's Amex, and at least fair credit (640 or higher) to get the Macy's Store Card.

The hard inquiry allows Department Stores National Bank to determine your credit risk and ultimately decide whether you'll be approved for an account. The Macy's Credit Card requires good credit to be approved. You can check your credit score by signing up for a free WalletHub account.

Chip Lupo, Credit Card Writer

The highest level Macy's credit card is the Macy's American Express Credit Card, especially when paired with the Platinum tier of the Macy's Star Rewards loyalty program. Platinum-level Macy's Amex cardholders earn 5 points / $1 spent on eligible Macy's purchases.

If you're interested in the Macy's Store Card, you should know the initial credit limit ranges from $100 to $1,200, according to forum posts. That being said, your exact credit limit will depend entirely on the specifics of your credit and your overall financial situation.

As usual, your chances of getting a credit card at Macy's will depend on your credit score. The minimum required score for this card is 640.

The Macy's Credit Card is hard to get because it requires good credit for approval, which means you need a credit score of 700+ to have good odds of being approved. This requirement may be difficult for the average American to meet. On top of that, you'll need to have a steady income and meet a few other requirements.

Department Stores National Bank (“DSNB”) is the issuer of the Macy's Store Card. For each account with a balance, a minimum payment will be required and you may incur a late fee if you fail to make any required minimum payment on time. The Macy's Store Card may only be used to make purchases at Macy's and macys.com.

No, you will probably not be able to get a Macy's Credit Card with bad credit, as the card requires at least good credit for approval. Getting approved for the store version of this card, the Macy's Store Card, is also unlikely because it requires at least fair credit.

Macy's requires a credit score of 650 and over. DSNB reports your account to the major reporting bureaus: Experian, Equifax, and TransUnion. Macy's credit card holders can expect to see the entry on their report at the end of every billing period.

Does applying for a Macy's card affect your credit? ›

You cannot qualify for a Macy's Store card pre-approval. You can, however, get approved within minutes if you apply online or at a Macy's store. Keep in mind, though, that applying for a credit card will most likely result in a hard inquiry on your credit, lowering your score for a short period of time.

Bottom LineThe Macy's Credit Card is a good deal for Macy's shoppers, giving 1 - 5 points per $1 spent on purchases normally, plus special discounts of 25% discount when you open and use your card.

Evelyn Boros, Credit Cards Moderator

The Macy's Credit Card minimum payment is $30 or 1% of the statement balance, plus fees, past-due amounts, and interest - whichever is higher. If the statement balance is less than $30, the Macy's Credit Card minimum payment will be equal to the balance.

Department Stores National Bank (“DSNB”) is the issuer of the Macy's Store Card.

The easiest store credit cards to get approved for are TJX Rewards® Platinum Mastercard®, JCPenney Credit Card, and Lowe's Advantage Card. These cards have a slightly lower minimum credit requirement than most other store credit cards.

Suggested credit score

You'll need to have at least fair or average credit -- a credit score over 580 -- to qualify for the Target Circle™️ Card. Like any card, you'll have a better chance of being approved if you have good credit or better. Applicants with lower credit scores may also be offered a lower credit limit.