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Be very careful with Macy's because even after you've paid off your credit card balance they continue to charge you a residual interest charge because you didn't pay your balance in full each month -- even when you're balance is at 0 they will still charge you for prior balances held (and I'm talking low balances here). Also, like myself, if you didn't know about this "residual interest" (apparently it's in the fine tiny print on the back of your statement..

something they don't point out when you sign up for their credit card) ... it adds up and then you become over due and they report you to the credit bureaus!! I've had this card for a long time and this is a first for this type of charge. I've never seen it before.

This is very sneaky business on Macy's part. I have excellent (or had) excellent credit and will shop elsewhere in the future!

I will never use their credit card or stores again. $8 bucks of residual interest folks will get you reported to the credit bureau's...that's how much Macy's values your business!

Reason of review: Sneaky credit card practices.

Macys Cons: Billing and customer service, Residual interest charge is a scam.

Location: Dulles, Virginia

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Acey Bjt

As always, the easiest way to avoid these problems is to pay off your credit card balance in full every month. The old saying "if you can't pay for it with cash, then you probably don't need it" applies.

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reply icon Replying to comment of Acey Bjt

Apparently you don't understand residual interest. Even if you pay your balance in full, the $2.00 is tacked on. The old saying, "If you don't understand what you're talking about, don't speak" applies.

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