Does Macy's Store Card Do a Hard Pull? (2024)

FAQs

Does Macy's Store Card Do a Hard Pull? ›

Yes, the Macy's Store Card will do a hard pull. You will need a credit score of 640+ to get it. This means that the Macy's Store Card requires fair credit, which is on par with what most store cards require.

Yes, the Macy's Credit Card does a hard inquiry on your credit report when you apply. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time.

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.

The credit score you need for the Macy's Credit Card is 700 or better. That means people with at least good credit have a shot at getting approved for this card. The Macy's Store Card, however, has more lenient requirements. This card accepts people with at least fair credit for approval (640+ credit score).

When you apply for a store card, it will trigger a hard inquiry or a "hard pull." This is when the issuer (bank or financial institution) is provided with information regarding your credit history to help evaluate your creditworthiness.

Macy's Credit Card Disadvantages

High APR: The Macy's Credit Card has a relatively high APR, at 34.49% (V). No 0% APR on purchases: The Macy's Credit Card does not currently offer a 0% APR promotion on purchases, so it is not good for people looking to finance big purchases.

What credit card am I applying for? 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.

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.

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.

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.

Can I get a Macy's card with bad credit? ›

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.

The Macy's Credit Card is a store card, which means you can only use it at Macy's properties.

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 20% discount when you open and use your card. The card has a $0 annual fee and is available to people with good credit or better.

The hardest store-affiliated credit card to get is the Costco Anywhere Visa® Card by Citi because it requires excellent credit for approval, which means a credit score of 750 or higher. On top of that, the Costco Credit Card is only available to Costco members.

Just like a credit card, store cards can help you build your credit history. However, you have to make timely payments of at least the minimum balance, plus keep your credit utilization below 30% to positively impact your history.

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.

Impact of a Macy's Credit Card Credit Limit Increase on Your Credit Score. When you request a Macy's Credit Card credit limit increase, Department Stores National Bank will conduct a soft pull of your credit report, which does not affect your credit score.

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.