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Macy's American Express® Card

Credit needed
Good
APR
25.24%
Annual Fee
$0

Card Summary

Macy's American Express Card holders who shop frequently at Macy's earn reward points for Macy's purchases and other everyday purchases.
Macy's Star Rewards Platinum cardholders can enjoy higher rewards than the rest.
Macy's cards are eligible for a 20% discount the moment you apply for an account. This is in addition to a $100 savings.

Card Summary - Cons

Rates and fees

Issuer Name
American Express
Penalty APR
N/A
Credit Needed
Good
Balance Transfer Fee
N/A
Annual Fee
$0
Cash Advance Fee
Cash advances are either $5, or 4% depending on the greater amount.
APR
25.24%
Foreign Transaction Fee
Each purchase in dollars equals 3%
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The Best Features

Sign up bonus: All new Macy's American Express Cardholders receive a 20% discount for Macy's purchases on the day they approve and the following day, with savings of up to $100.

Reward Program: The Macy's American Express card will give you 3% back when you shop at Macy's restaurants and gas stations, and you'll get 2% back at supermarkets and grocery stores. All other purchases earn you 1% back. Silver status is earned when you spend $1 to $499 in one calendar year on your card.

This allows you to choose one day per year for a 25% discount on Macy's purchase with your card. You will be awarded gold status if you spend $500 to $1,199 on your card within one year. This status includes the benefit of silver and free shipping for all Macy's orders.

After spending $1,200 within one year on the card you will earn platinum status. Platinum status includes silver and gold benefits as well as 5% in rewards for all Macy's purchase made with the card. Macy's American Express Card has no annual fees

Rewards

Sign up bonus

APR Requirements

Drawbacks

There are limited redemption options. You will automatically get a $10 coupon every 1,000 points you earn on your Macy's American Express Card. Only Macy's can redeem vouchers. They can't also be used for Macy's gift cards, furniture or select subscriptions. The validity of vouchers is 30 days from the date they are issued.

The Macy's American Express Card's APR standard on balance transfers and purchases is variable at 25.24%. This rate is significantly higher than that of rewards and store cards as compared to the U.S. News database. Macy's American Express Card has a $2 minimum interest rate, regardless of the fact that the interest calculated is lower than this.

Highlights

Get 20% Off Today & Tomorrow with a Macy's Card Restaurant.

Rewards:

Get 3% back Reward Points at Gas Stations & Supermarkets.
2% cashback rewards everywhere: 1% Back Star Money, which you can spend on any Macy's product or service other than Gift Cards and fees, is a reward that rewards.

Benefits

Comparative Analysis with Other Cards

Chase Freedom Unlimited vs. Macy's American Express Card

Annual fees: There is no annual fee for the card.

Reward: Macy's American Express Cardholders earn 3% in rewards for using their card at restaurants and gas stations, while 2% and 1% respectively are earned on other purchases. If you are a platinum member, the card will give you 5% off all Macy's purchase if your purchases exceed $1,200 in a single calendar year. Chase Freedom Unlimited receives 5% cashback on purchases made through Chase Ultimate Rewards. There is also 3% cash back for dining or drugstore purchases, and 1.5% cash back for all purchases.

Sign up bonus: All new Macy's American Express Cardholders will receive a 20% discount for purchases of Macy's cards made the day before approval. This can save you as much as $100. After you have spent $500 in the first three months of your account opening, Chase Freedom Unlimited will give you a $200 bonus.

Benefits: The Macy's American Express Card does not offer card benefits. Chase Freedom Unlimited cardholder benefits include no liability protection, purchase protection, and extended warranty protection.

Macy's American Express Card vs. Citi Double Cash Card – 18 Month BT Offer

Annual Fee: There is no annual fee for the card.

Reward: Macy's American Express Cardholders earn 3% in rewards for using their card at restaurants and gas stations, while 2% and 1% respectively are earned on other purchases. If you are a platinum member, the card will give you 5% off all Macy's purchase if your purchases exceed $1,200 in a single calendar year. Citi Double Cash Card – 18-month BT card holders get 1% cashback on all purchases, and an additional 1% when they are paid off.

Sign up bonus: All new Macy's American Express Cardholders will receive a 20% discount for Macy's purchases on the day they approve and the day following. This can save you as much as $100. Citi Double Cash Card – 18-month BT Offer does not offer a sign up bonus.

Benefits: Macy's American Express Card does not offer card benefits. Citi Double Cash Card – 18-month BT card holders get benefits like identity theft support, and access to exclusive event tickets sales.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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