What is the highest level Macy's credit card? (2024)

FAQs

What is the highest level Macy's credit card? ›

Chip Lupo, Credit Card Writer

The Star Rewards program consists of four different loyalty statuses: Bronze, Silver, Gold & Platinum. If you do not have a Macy's Credit Card, then you are eligible for Bronze status. For Macy's Credit Cardholders, new Cards are opened with Silver status.

Gold: Cardholders who spend between $500 and $1,199 are upgraded to Gold status, which earns 3% back on Macy's purchases. Platinum: The highest level, Platinum, earns 5% back on Macy's purchases. You must spend $1,200 or more annually at Macy's to maintain that status.

You will automatically upgrade to Gold or Platinum 7 days after meeting the purchase requirement, assuming your returns do not bring you below the qualifying purchase requirement. Once you have upgraded, you will maintain status (unless you advance to a higher status) for the remainder of the current year.

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.

S&P Global Ratings affirms Macy's Retail Holdings at "BB+" (Local Currency LT credit rating); outlook stable. S&P Global Ratings affirmed the "BB+" Local Currency LT credit rating of Macy's Retail Holdings on April 24, 2023. The outlook is stable.

Weaknesses. Over-dependence on the US market: For their sales, Macy's is highly dependent on the US market. Therefore, the economic condition of the US will directly impact the business of Macy's. They will also be vulnerable to the socio-economic conditions of the country.

“The iconic red star emblazoned on Macy's storefronts across the U.S. can be traced back to the store's founder, Rowland Hussey Macy, a Nantucket native who went to sea as a sailor before embarking on a career in retail.” It is said he had a red star tatoo on his arm from his days as a sailer.

Is it hard to get a Macy's American Express 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.

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).

This card is worth it for people looking to save up to 25% on Macy's purchases. 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.

The Macy's American Express® Card* offers everything the Macy's Credit Card* does, but because it's an American Express card, it may be used anywhere Amex cards are accepted and thus also earns 3 points per dollar at restaurants, 2 points per dollar at gas stations and supermarkets (excluding superstores and warehouses ...

With The Platinum Card® from American Express you're required to pay your balance in full every month. Although Amex allows cardholders to pay certain purchases over time, paying in full every month can help you avoid interest charges and make the most of the card's value.

1% Back in Rewards: Bronze members: earn 1% back in rewards at Macy's (1 point for every $1 spent). Points are earned on all purchases (except Gift Cards, services & fees). Once you've earned 1,000 points, you'll receive $10 in Star Money.

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.

Broadly speaking, there are three types of credit cards: entry-level (often with low or no annual fees), mid-tier credit cards (annual fees around the $100-$250 mark) and premium credit cards (annual fees of $400 or more).

Upgrading your credit card doesn't typically hurt your credit score. Replacing your current card with a new one from the same issuer is known as a product change, and the account history from your existing card transfers to the new card.