The Ultimate Guide to Credit Cards
Sunday, July 5, 2020

Macy’s Credit Card Review (2020)

Macy’s Credit Card Review ([current_year])

Store Credit Card

Brittney Mayer
By: Brittney Mayer
Posted: July 29, 2019
Advertiser Disclosure

Established more than 150 years ago in New York, New York, Macy's is a staple of the department store world (and the Thanksgiving Day Parade). Macy's has over 700 stores across the country, with its Herald Square location being both the largest store in the chain — and one of the largest stores in the world.

Offering a variety of perks and benefits perfect for the devout Macy's shopper, the Macy's Credit Card can be used to earn rewards on purchases made in-store, at Macys.com, or through Macy's Backstage. The Macy's card is not ideal for those who frequently pay late or carry a balance, and its limited use might make it unappealing to casual shoppers.

Macy's Card Overall Rating: 3.0/5.0

The aptly named Macy's Credit Card is a store card, rather than a universal credit card, meaning it can only be used to make purchases from Macy's stores, be it online or in-person. Those who tend to carry a balance will likely find the Macy's Credit Card pricey to maintain, as the card charges a hefty 26.24% APR on purchases.

New cardholders can save 20% on their purchase for two consecutive days (up to $100) when they are approved for and use their Macy's Credit Card. The rest of the time, cardholders can earn 1X Plenti point per $1 spent on Macy's purchases, Members can save at least $10 off their Macy's purchase for every 1,000 Plenti points redeemed.

Macy's Credit Card

  • APR: 26.24% as of Jul 2019
  • Annual Fee: $0
  • Rewards: Earn 1X Plenti point per dollar spent at Macy's
★★★ 3.0/5.0

Additional perks that all Macy's cardholders receive include exclusive savings throughout the year, access to special cardholder events, and periodic surprise savings at the register during checkout. Additional benefits, such as birthday and free shipping offers, are also available for eligible Elite and Premier Elite members.

Due to the extra perks, cardholders will typically get the most benefit out of their Macy's Credit Card if they spend enough each calendar year to qualify for a better membership level. New cardholders start as Preferred members, earning Elite status after spending $500 to $1,1,99 in a year and Premier Elite status when they spend $1,200 or more a year.

Approval Requirements & Application

The Macy's Credit Card is considered to be a relatively easy card to obtain, with flexible credit requirements that make it a potential win for even those with poor credit. Credit limits cover the spectrum, with reviewers reporting limits ranging from $500 up to $8,000. You can apply for a Macy's card in your local store or by using the easy online application.

Better Cards to Use at Macy's

With a fairly high interest rate and severe limitations on where it can be used, the Macy's Credit Card is really only a great deal for those who frequently shop (and spend) at Macy's. Instead, try one of our favorite rewards credit cards, which offer more flexible rewards and can be used to shop practically anywhere.

Cash Back

Using cash back cards is an easy way to save on every purchase. The cards reward you with a percentage of your purchases as cash back, usually redeemable as a statement credit, gift card, or check. For extra value, try a cash back card signup bonus offer, which awards a lump-sum cash back amount for meeting a set spending requirement.

CASH BACK RATING

★★★★★

5.0

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% 15 Months
N/A
14.99%–23.74% Variable
$0
Good/Excellent

0% APR

If the high interest rate charged by the Macy's Credit Card makes you wary, try a credit card offering an introductory 0% APR on new purchases. These card offers provide a year or more of interest-free balances, making it more affordable to pay off your credit card balance over time. Select a card without an annual fee to stack the savings.

0% INTRO APR RATING

★★★★★

4.9

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% 15 Months
N/A
14.99%–23.74% Variable
$0
Good/Excellent

Travel Rewards

While ideal for frequent travelers, credit cards offering travel rewards are a great fit for casual travelers, too. Cardholders can earn points or miles on every purchase and redeem them for a host of travel expenses, including airline tickets and hotel rooms.

AIR MILES RATING

★★★★★

4.8

OVERALL RATING

4.8/5.0
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 22.99% Variable
$95
Good/Excellent

Your credit card can say a lot about you — or, at least, about your spending habits. If you're unlikely to spend enough on your Macy's Credit Card to earn Elite status or higher, it's probably wiser to go with a rewards card that better fits your financial lifestyle.

What Others Say About the Macy's Credit Card

The decision to apply for new credit isn't one to take lightly; each application means a hard credit pull, which can impact your credit score. So, before jumping into a new card, see what others are saying about the Macy's Credit Card.

WalletHub.com
A review from WalletHub.com says:

I have had this card for several years, maybe 7 or 8. Based on my excellent credit, I must admit that I was a little disappointed in the relatively low credit limit assigned -- $400. It also took quite a bit to get an increased limit. Due to the higher than normal rates, I do not use the card often -- usually only during sales/promotions -- and always pay it off right away. — WalletHub.com

★★★ 3.0/5.0
CreditKarma.com
A review from CreditKarma.com says:

I have had a Macy's CC for over 30 years but will be cancelling shortly. On numerous occasions after paying the card in full well before the due date I have been hit with a $2.00 fee. When I call customer service I am informed that that is minimum interest for the month. I have tried to tell customer service that this contradicts the information on the back of the statement I am told that I am not correct but they will take the 2.00 fee off bill. I did find the minimum interest statement on line but it does not appear anywhere on the billing statement. STAY AWAY FROM THIS CARD! — CreditKarma.com

1.0/5.0
ValuePenguin.com
A review from ValuePenguin.com says:

There are some nice perks for dedicated Macy's customers to get out of this card. Make sure you don't carry a balance because this card comes with an extremely high APR and hefty fees. — ValuePenguin.com

★★★★ 4.0/5.0

Is the Macy's Card Right for You?

If the weekly Macy's ad gets you in a tizzy with shopping excitement, then the Macy's Credit Card may be for you. The perks of being an Elite or Premier Elite member can make the card a valuable addition for those who spend enough to qualify. Overall, however, the lack of flexibility in how you spend (and earn rewards) makes this card of limited use to the average shopper.

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