Oily wrote:I opened a Macy's credit card on August, 2010. My credit limit was only $300.00. Today on September 21, 2010 I called Macy's, and ask if i'm eligible for an increase. I didn't ask how much I want for an increase, but they increase it to $1000.00. I'm surprise, that they increase me more than half of my original limit. No complaints about that. I love shopping at Macy's, even though the apr is 24.50% but I always pay full each month so I won't get charge alot of interest. Oh by the way, I used to messed up my credit and that's why my credit limit was $300.00. My credit score is getting better by months. :-)
When they mailed my card, it's was the elite card, which was pretty strange, because I'm suppose to get the red card first. I called Macy's and they told me that I used to have a Macy's credit card with them back in 2006, and because I spend and pay more than 2k in two months.
Funny, I've held onto a $100 credit limit for the Macy's retail credit card (one of my firsts) and never inquired to have an increase in fear that my FICO score then (fluctuated from 600-650 until 2010, due to poor choices during college years) would affect their decisions. Having such a low credit limit always had me max out the card; interestingly, I was sometimes able to charge a little higher than the credit limit (most was ~$165, single transaction), but paid it off quickly in fear of APR and possible overage charges.
Early last year, while working on getting my credit score up (FICO 690~), I mustered up courage and just asked for the highest increase... and got bumped up to $1500
Definitely help get me over the FICO 700 mark, too, since increased my ACL. Recently had an automatic increase, and looking forward to bumping up other CLs for my other cards.
Also, I'm always hesitant about changing from retail to general purpose credit cards; it's very alluring, but many are bait-and-switching; I was offered to 'upgrade' to a Macy's VISA, but was informed that the previous account will be closed in lieu of the new account--big "N-O" in my book, since it's one of the few cards I have with a lengthy account history.