1) Information on Macy Credit Cards

Macy is a very well known departmental store chain present throughout the U.S. the store has started its branded cards called the Macy cards. These are powered by Visa and encourage more shopping to earn bigger rewards.

• There are primarily, 4 kinds of credit cards carrying different credit limits. These are the red card having a spending limit of $4 99.
• The other category is Gold card with the limit extending up to $ 999 followed by the platinum card with further enhanced limit of up to $ 2499.
  • Top of the list is the Elite card having a limit of more than $ 2500.

2) Calculation of payment amount on the Macy Credit Card

The method used by Macy to work out the bill is the average daily balance method whereby the new purchases are also included. Billing is based on 3 kinds of charges, those being: Major purchases charge, revolving account and the club charges.

No interest charges are levied on the club charges till the time there is no late payment of dues.

Interest becomes chargeable on the balance on the account type if it is subject to interest which is charged by applying a daily periodic rate which in turn is linked with the days in the billing cycle. This is applied to the average daily balance for purchases made.

This may also include fees like late payment charges etc. for deriving the amount of balance prone to interest for all account types, the daily beginning balance of the same is taken to which the new purchases, the previous day interest charges and any new fees are added and if some credits and payments are there, these are subtracted. The result is the daily balance. This is done for all days in the billing cycle and then the total is divided by the number of days in the billing cycle, thereby giving the balance amount to which interest rate is applicable.

 

 

3)  Payment methods

How to make payment?

Payment could be made by any of the following mediums.

-By check

-Money order

-Any similar instrument which is payable in U.S. Dollar and is drawn on a financial institution that is incorporated in the United States.

The payments are to be made before the due date to avoid late fee and applicable interest charges.

Special Plans for Payments

There might be some promotional events like no interest for a limited time interval, or some special events etc

The payment could be mailed at the mailing address.

Another option is online bill payment that could be used to avoid any extra visit to visit the bill payment outlets.

 

4) Features & Benefits with Every Card

Benefits and features of this card include the following schemes brought out by the Macy stores.

-          Usage based rewards scheme implying that more purchases yield more rewards.

-          The store’s tie up with other prominent stores wider the range of choice for the users.

-          Special discounts that are given to the e-customers.

-          Affiliate program that allows commission to the users who get selected as affiliates and augment the sales figures.

5) Contact Details

The credit customer service of Macy is very efficient and very easily approachable through-

Email at customerservice@macys.com

Phone on 1-877-493-9207

The credit customers’ service is available from Monday through Saturday from 9 A.M. to 9 P.M. and on Sundays from 11 A.M. to 8 P.M.