Macy's Credit Cards: All You Need to Know

Macy's offers several credit cards that can help you earn rewards and save money on your purchases. The Macy's American Express card is one of the most popular options, offering 1 point for every dollar spent at Macy's and 1 point for every 2 dollars spent elsewhere.

You can earn a $10 Macy's gift card for every 1,000 points you accumulate, which can be redeemed for purchases both online and in-store. This means you can earn rewards on your purchases and use them to buy the things you need.

The Macy's credit cards also offer special financing options, including 6 months special financing on purchases of $248 or more. This can help you spread out the cost of your purchases and make them more affordable.

To be eligible for a Macy's credit card, you typically need to be at least 18 years old and have a valid email address and phone number.

There are two main versions of the Macy's credit card: a closed-loop card that can only be used at Macy's and an open-loop American Express card that can be used anywhere American Express is accepted. Neither card comes with an annual fee.

The closed-loop card offers rewards on Macy's purchases, but the open-loop version also earns rewards on purchases outside of Macy's: 3% back at restaurants, including delivery; 2% back at gas stations and supermarkets; and 1% back on everything else.

If you need a simpler option with a $0 annual fee, consider a credit card like the Wells Fargo Active Cash Card, which earns 2% cash back on all qualifying purchases.

You can choose between the Macy's credit card and other similar options, such as the My Best Buy Credit Card or the Home Depot Consumer Credit Card.

Here's a comparison of these credit cards:

The American Express variant of the Macy's credit card offers more rewards flexibility, but you'll need a good credit score to qualify.

Macy's credit cards offer a range of rewards and benefits to cardholders.

You can earn points or cash back on purchases made at Macy's and other participating retailers.

The points or cash back rewards can be redeemed for gift cards, merchandise, or other rewards.

The application process for a Macy's credit card is typically straightforward and can be completed online or in-store.

You'll need to provide some basic personal and financial information to be approved for a card.

Macy's offers a variety of credit cards with different rewards structures and benefits, so it's worth shopping around to find the best fit for your needs.

You can earn rewards with Macy's credit cards, but the rate depends on your spending habits.

Macy's credit cards come with a tiered reward rate, meaning rewards correlate to how much you spend at the retailer. You'll earn 2% back on Macy's purchases at the Silver level, which applies to those who spend between $1 and $499 a year on the card.

At the Gold level, you'll earn 3% back on Macy's purchases, which requires spending between $500 and $1,199 annually. The highest level, Platinum, earns 5% back on Macy's purchases, and you must spend $1,200 or more annually at Macy's to maintain that status.

Here's a breakdown of the reward rates based on your spending tier:

You can also earn Plenti Points, a loyalty rewards program that allows shoppers to earn one point for each dollar spent.

Applying for a Macy's credit card is a straightforward process that can be done online or in-store. You'll need to provide personal details, annual income, residential status, and a photo ID, such as a scanned driver's license or passport.

To apply online, visit Macy's website and fill out the form, which will automatically consider you for both the standard in-store card and the Macy's American Express Card. If approved for both, you can choose which one to apply for.

The Macy's Credit Card and the Macy's American Express Credit Card have a 26.74% variable APR, with no special financing periods. If you're looking for an intro 0% APR period, consider alternative cards like the Chase Freedom Unlimited.

The fees for both Macy's credit cards include a 3% foreign transaction fee, making international travel quite costly. If you're planning to use your card abroad, consider a card with no foreign transaction fee, such as the Capital One VentureOne Rewards Credit Card.

To apply for a Macy's Credit Card, you'll need to provide some basic information. This includes your personal details, such as your full name, address, and contact information.

You'll also need to share your annual income, which is a key factor in determining your creditworthiness.

In addition to this, you'll need to specify whether you own your property or are renting it. This information helps the issuer assess your financial stability.

A photo ID, such as a scanned driver's license or passport, is also required. This is a standard security measure to verify your identity.

If you're applying in-store, you'll need to provide the same information as online applicants, plus a copy of your ID. This can be a hassle, but it's a necessary step in the application process.

Here's a quick rundown of the required information:

Keep in mind that your credit score will also be taken into account. The minimum required score to apply is 640, but having a higher score can improve your chances of approval.

The fees associated with credit cards can be a real shock to the system. Both the Macy's Credit Card and the Macy's American Express Credit Card have a 26.74% variable APR.

If you're looking for a card with a lower APR, consider alternative options like the Chase Freedom Unlimited. It offers a 0% APR for the first 15 months from account opening on new purchases and balance transfers.

A 3% foreign transaction fee is a common feature among many credit cards, including both Macy's credit cards. This can make international travel quite costly.

If you're planning to use your credit card abroad, look for a card with no foreign transaction fee, such as the Capital One VentureOne Rewards Credit Card.

If you have a higher credit rating and shop frequently at Macy's, you can apply in-store for the American Express version, which is likely more beneficial.

You won't get the introductory APR offers, cash back earnings, or sign-up bonuses with this card, unlike other rewards credit cards.

With a low credit score, you still have a decent chance of getting the store card, which can be used to build good credit with responsible use.

Unless you shop very often at Macy's and take advantage of sales and discounts, you'll get more out of rewards credit cards.

The Macy's credit cards offer a range of benefits, but ultimately, the best card for you will depend on your individual needs and preferences. If you're looking for a card that earns rewards at stores other than Macy's, the American Express variant is a good choice, earning 3% back at restaurants, 2% back at gas stations and on grocery shopping, and 1% on all other purchases.

The Macy's American Express card also offers benefits like travel discounts, Star Rewards, and Star Passes, which are not available with the store credit card. Additionally, it allows you to earn Plenti points, which can be used for savings with Plenti Points partners.

Here's a quick comparison of the Macy's credit cards:

If you're considering the Macy's credit card, you might want to compare it to other similar options. The Macy's credit card has a variable APR of 34.49% and doesn't have a rewards program outside of Macy's.

However, if you're looking for a card with more flexibility, the American Express variant of the Macy's card earns 3% back at restaurants, 2% back at gas stations and supermarkets, and 1% back on everything else outside of Macy's.

You can also consider the Wells Fargo Active Cash Card, which earns 2% cash back on all qualifying purchases and has no annual fee. This card might be a better option if you're looking for simplicity and flexibility.

Here's a comparison of the Macy's credit card with other similar options:

Unless you have a high tier Macy's status, you can find other standard credit cards that would be just as rewarding at Macy's. The Macy's credit card's rewards program is limited to Macy's purchases, while other cards offer more flexibility and rewards outside of their respective stores.

The Macy's credit card options can be a bit confusing, but let's break it down. There are two main versions: a closed-loop card and an open-loop American Express card.

The closed-loop card can only be used at Macy's, while the open-loop card can be used anywhere American Express is accepted. The open-loop card also earns rewards on purchases outside of Macy's, which is a great perk.

You'll earn 3 points per dollar at restaurants, 2 points per dollar at gas stations and grocery stores, and 1 point per dollar for all other purchases when you link your Plenti account to your Macy's American Express card. This is a great way to rack up rewards and save on your purchases.

One thing to note is that the variable interest rate for the Macy's American Express Card is APR, and there is no intro APR. This means you'll want to make sure you pay off your balance in full each month to avoid interest charges.

Here are the Plenti points earning rates at a glance:

The open-loop version of the Macy's card is a great option if you want a card that offers rewards at Macy's and other places. It also offers cash advances, but be aware that there is a 4 percent fee based on the amount of the advance, with a minimum fee of $5.