How can I immediately cancel a Macy's Card?

Question

I recently signed up for a Macy's card today but didn't use it at all. The store clerk told me that it wasn't a credit card and that I'd have to call, but after reading the information I realized that there were no "regular" store cards (for free benefits and such). She told me the card would come in the mail. Either way, I feel quite ridiculous, and hope that it isn't one :\

Answer 1

It sounds like you have the same Macy's card that I have. It's a red Star Rewards card with no Visa or Mastercard logo on it, but it functions like a credit card with Macy's.

I thought it was a credit card too, which it is because it will show up on your credit report. The missing Visa/MC logo is what only allows you to purchase at Macy's with it.

If your card is in the mail, wait for it to arrive, then cancel it. Or, what I did instead of cancelling mine, was to use it like a coupon card. Macys.com always has tons of extra online savings that apply only to Macy's cardholders. So when I want something f/ Macy's, I pay with the card when they're having a sale to get the additional savings, then I pay the balance within the next week or so. I don't spend more than what I can afford, so I don't have to worry about coming up with the money later. It's a nice way to spend money on myself without regretting it later.

If you don't want to use the card at all, you could always deactivate it and let it sit on your credit report. It will remain on your report as an account in good standing and it will look like you've maintained an excellent record over the years with them. I did that with an old Discover card and now creditors think I've paid on time for the last 10 yrs when in fact it's not an active card and I never used it because the finance charges were like 25%. Also, because the card is deactivated, no one can use it even if they manage to steal the card or the card number. Awesome for someone like me who is a former identity theft victim.

If you don't like any of those ideas, then call 866-593-2543 for Customer Service. That's the number on the back of my card. They should be able to help you out even though you haven't received the card yet and don't know the card #.

Answer 2

You can call Macy's Credit card dept or customer care and get the card canceled. I'd recommend that you keep it because having 2/3 store cards are not bad. You can get discounts, special offers, and easy payment plan on big purchases with no interest.

Answer 3

Nooooooooooo don't cancel it. If it's a store credit card you want to keep the history. Just cut the card up so no one can use it and you get the benefit of the long term history on your credit report.