Of the credit cards I have, Macy's is my least favorite. They lowered my nearly $2,000 credit limit to $300 without any warning. I didn't realize this until after I made a purchase online and decided to investigate what my limit was now. I was surprised to see it go down to $300 because the purchase I made was so close to the credit limit. The only reason why I didn't go over limit is because I used gift cards with my purchase. But that could've gone left real quick. I feel like it's irresponsible of them to do this. Their customer service is not helpful.
Pleasantly surprised I was approved for the AMEX version of the store card when I knew I was only in the mid 600's score, with a limit of $4000! Long story: the sales associate applied for me at the register and she had to call in since it wasn't an instant approval. Not sure if they are hurting for sales since I wanted to purchase a Tag Heuer watch at $3600 so the phone agent approved it (and I told the phone agent I have a $0 balance Barclay Card with $10,000 limit so I can still buy it if I don't get the store card approved). I also qualified for the Club Account sinc eit was a fine watch purchase so I can pay off in 12 months with no interest. Combining with their bonus "Loyalist Points" event and first day purchase of $250 off on the bill, the watch is now almost 25% off (albeit $900 of it will be in a form of store giftcard). After I got the card in the mail (took about 14 days) I signed up for paperless billing and automatic payment right away since I've read horror stories on other reviews about their payment problems. They also offered a bonus points program if I spent $150 within the first 90's day at non-Bloomingdale's location, equivalent to $50 store giftcard. I am trying to find out if this card would apply the extra payment to the 0% portion of the bill first so I would keep ending up paying interest on the non promotional purchases even if I pay extra into the monthly payment (but not the full balance). Overall: the APR is high on this card but if you can take advantage of the Club Account for large purchase at 0% or is able to pay off right away while gaining bonus points during their special events, this is a good store credit card.