nicad2000 Posted March 11, 2004 Report Share Posted March 11, 2004 Hello, Being tired of just a plain 'ole VISA from my bank, I went out and applied today for store cards from Dillards and Express. The wierd thing was, both stores asked to swipe my VISA as part of the application process. I have only had the VISA about 7 months and that is my only credit. Happily, I was approved for $800 from Dillards and $250 from Express. I just dont see why they couldn't pull my credit report without using a major credit card. Does anyone know?? Is this standard practice with most retailers? Link to comment Share on other sites More sharing options...
DocDon Posted March 11, 2004 Report Share Posted March 11, 2004 Not sure if this still applies, but Marshall Field's (Retailer's National Bank) would pretty much give you a credit card right there at the store if you had another major card (Visa, MC). Link to comment Share on other sites More sharing options...
bellatragedia Posted March 11, 2004 Report Share Posted March 11, 2004 What is that about swiping the visa/mc for the app? I haven't gotten a store card since about '96, and that never happened to me. Are they swiping it to see if it it's valid, and in good status? Link to comment Share on other sites More sharing options...
DHK Posted March 11, 2004 Report Share Posted March 11, 2004 My Guess ...Just like signing up for a Video Store rental account at BlockBuster or Hollywood Video, they swipe the card to see if the card is open and there is credit available (usually $1 transaction is posted, then voided).Could it be the same concept?(Maybe I should apply for a Target Visa card AT Target?) Link to comment Share on other sites More sharing options...
ceowens Posted March 11, 2004 Report Share Posted March 11, 2004 Not sure if this still applies, but Marshall Field's (Retailer's National Bank) would pretty much give you a credit card right there at the store if you had another major card (Visa, MC).I agree with Doc. Back in the early 90's (when I had good credit) I could walk into any dept. store and show them a Visa and get a credit card by phone without having to fill out long applications. I think they were basically saying "if you're good enough for Visa, you're good enough for us". Link to comment Share on other sites More sharing options...
c m chase Posted March 11, 2004 Report Share Posted March 11, 2004 (Maybe I should apply for a Target Visa card AT Target?)I actually heard it's better this way...more approvals, apparently. Link to comment Share on other sites More sharing options...
mnorwood Posted March 11, 2004 Report Share Posted March 11, 2004 Maybe so.. I applied for DH online, hoping they would pull Experian (676) but they pulled EQ (551) This is by far his worst (they have been stubborn about correcting some incorrect stuff ) I have heard that in the stores they pull Experian, I don't know how true this is though. Link to comment Share on other sites More sharing options...
bellatragedia Posted March 11, 2004 Report Share Posted March 11, 2004 I have always heard it's better to apply for cards in person, or by mail. But me, I'm forever for the geek usage...so sometimes I don't heed my own advice very well on that regard. Link to comment Share on other sites More sharing options...
nicad2000 Posted March 12, 2004 Author Report Share Posted March 12, 2004 I'm assuming that like you said, if you are good enough for VISA, you are good enough for them. Large store cards such as these do report to all three bureaus right? Link to comment Share on other sites More sharing options...
DocDon Posted March 12, 2004 Report Share Posted March 12, 2004 Oh yes - especially when you miss a payment. Link to comment Share on other sites More sharing options...
ceowens Posted March 12, 2004 Report Share Posted March 12, 2004 I'm assuming that like you said, if you are good enough for VISA, you are good enough for them. Large store cards such as these do report to all three bureaus right?Hmmmmm... I had a Belk card at one time that was a good account, paid as agreed. They only reported to Experien. I also had a Talheimers (later became Hect's) and it was in good standing and it didnt report AT ALL! Now, JC Penney....ended up as a CO, and wouldn't you know...it is on all 3 across the board. Link to comment Share on other sites More sharing options...
jayl72 Posted March 12, 2004 Report Share Posted March 12, 2004 When i went to Dillards back in Dec. 2002, all i did was show them my Visa card and they approved me for $1000 right then and there, after 6 months with timely payments it went to $1500 and by dec. 2003 it went up to $3500 automatically. They even offered my a credit line of 6k but i called and told them to leave it at $3500, my balance is at $900 now Link to comment Share on other sites More sharing options...
nicad2000 Posted March 12, 2004 Author Report Share Posted March 12, 2004 Well I am really hoping that Express and Dillards report to all three. I would think that they are big enough companies but who knows. Does anyone know if Shell gas cards report to all three? Link to comment Share on other sites More sharing options...
Anonymous Posted March 12, 2004 Report Share Posted March 12, 2004 Does anyone know if Shell gas cards report to all three?Chevron has reported to all 3 my closed account since early 80s... Link to comment Share on other sites More sharing options...
Guest Posted March 14, 2004 Report Share Posted March 14, 2004 I worked at Old Navy and we swiped the card to match the name that came up on the card to the name that was on the application.Sometimes they wouldnt even LET people apply unless they had a credit or debit card with them.Just some FYI Link to comment Share on other sites More sharing options...
sjsharks Posted March 20, 2004 Report Share Posted March 20, 2004 (edited) In the good ole days all you had to do was show a clerk a major cc such as visa/mc/amex and you'd get an instant card just by filling out a short app, it was that easyno more!!!Now store cards are the same app that major cc's use and there is no difference, just because you have to major cc means squat!Why you ask? Because the subprime scum started rising and giving visa/mc to anyone so dept stores soon learned that those customers who opened up store cards were defaulting REALLY at an alarming rate and therefore could no longer trust people just based on carrying a major cc. Before there were subprime issuers, it was incredibly difficult to get a REAL visa/mc and if you had one, it was assumed you were had great or excellent credit.Don't mean to drag this out, but that is my take on it________Kawasaki VN1500G Edited February 3, 2011 by sjsharks Link to comment Share on other sites More sharing options...
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