The Macy’s credit card, like Macy’s department stores, has a lot of surface appeal: It offers rewards and discounts on a wide range of goods to spruce up your home and wardrobe. Way of life. But the shine fades as you get a better look at it. The card has a convoluted rewards system and few options for redemption.
The following five details regarding the Macy’s credit card:
1.There are two available cards
The Macy’s credit card comes in two main varieties: an American Express open-loop card that can be used anywhere that accepts American Express and a closed-loop card that can only be used at Macy’s. Both credit cards have an annual fee.
2. Your Macy’s spending determines the rewards rate
Tiered reward rates are available on Macy’s credit cards, which means that rewards are based on how much you spend at the store:
When you first open a Macy’s credit card, you are given silver status, which entitles you to 2% cash back on all purchases made at the retailer. Those with annual card usage of $1 to $499 are eligible for the status.
Gold: Cardholders who spend between $500 and $1,199 earn the 3 percent reward on Macy’s purchases when they upgrade to Gold status.
Platinum: The top tier, Platinum, offers 5% cash back on purchases made at Macy’s. To keep that status, you must spend $1,200 or more at Macy’s every year.
The open-loop version of the Macy’s card lets you make purchases elsewhere while still earning rewards: 1 percent back on everything else, 2 percent back at gas stations and supermarkets, 3 percent back at restaurants, including delivery.
It should be noted that you can join the loyalty programme as a “Bronze” member and earn rewards of 1% even if you don’t have a Macy’s credit card. On “Star Money Bonus Days,” which are part of the loyalty programme, you can earn rewards more quickly. Additionally, cardholders occasionally receive “Star Passes” in the mail that offer a 25% discount.
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3. You can only use your rewards at Macy’s
You can use your $10 Star Money reward to make purchases at Macy’s online or in-store once you have accumulated 1,000 points in your account. (This indicates that each point is worth one cent.) Gift cards, Macy’s Beauty Box subscriptions, and other services like alterations are not eligible for the rewards.
A constraine window exists for you to use the rewards as well. After it is issue, Star Money is only good for 30 days. That is a very condens redemption period in comparison to other credit card rewards programmes. For instance, points accumulated with the Amazon Prime Rewards. Visa Signature Card never expire so long as the card is active. Our ranking of the top credit cards can be useful if you’re trying to find a card that earns more flexible rewards.
Upon opening the card, a discount is apply right away
The Macy’s credit card, like many store cards, offers a discount when you first use it. You get a 20 percent discount on purchases made the same day you are approve for the card as well as the following day. Up to a maximum discount of $100. (Some purchases, like those for Apple products and gift cards, are not eligible for the discount.)
It also comes with some other benefits
There is no minimum purchase requirement when using your Macy’s credit card to make purchases at Macy’s; you will automatically receive free standard shipping. But some things—like furniture, mattresses, and rugs—are not includ.
Additionally, if you’ve used your card to make a purchase at Macy’s in the previous 12 months (either in-store or online), you’ll get a birthday “surprise” each year. Cardholders have reportedly received online macy $10 coupon discounts on purchases during their birthday month, according to anecdotal reports. To redeem your gift, though, you might need to visit a Macy’s location.
NerdWallet has gathered information about the Amazon Prime Rewards Visa Signature Card. It has not been approve by or received any input from the card’s issuer.