I always encourage my family and friends to sign up for a Macy’s Star Rewards card. That’s because they also love shopping at Macy’s. There was once a time when I collected store cards. Like everyone else, I wanted to take advantage of exclusive rewards and special promotions. In the end, I had to give up most of them because I hardly even used them (and because I was told they hurt my credit score). I only kept what mattered most. One card that I don’t regret not canceling is my Macy’s American Express card, which is the only co-branded credit card that I will always recommend.
If you find yourself shopping at Macy’s most of the time, then you have all the reasons you need to apply for a Macy’s American Express card. And if you already have a Star Rewards card, I strongly suggest that you upgrade.
Choosing Macy’s was a conscious decision. My purchases at Macy’s had been a part of my expenses since time immemorial, so I figured I might as well drop my primary credit card and pledge allegiance to Macy’s. To cut a long story short, I saw no point in keeping the credit cards I rarely used. But if there was one thing that made my decision easier, it’s the fact that Macy’s American Express cardholders get up to $25 Star Rewards Certificates based on 3% of all Macy’s purchases.
Yes, there’s a catch. Both Macy’s store card and American Express card have three spending guidelines called loyalty levels. Preferred members spend up to $499 a year, Elite members $500 to $999, and Premiere Elite $1000 or more. Only Macy’s American Express cardholders enjoy 1.5% rewards at Elite level and 3% at Premiere Elite. These rewards accrue to your account until they reach $10 if you’re Elite or $25 if Premiere Elite, and you receive the certificates in the mail with your monthly statement. The good thing about co-branded credit cards is that you earn rewards anywhere you use them. In my case, I earn 5% rewards on mobile purchases, 3% at gas stations, and 1% everywhere else.
Star Rewards Certificates are without a doubt the best rewards. Why? Because they have no limit and exclusions! So you’re earning certificates all year round – and you get to spend them on any merchandise at Macy’s. Now the only sure way to qualify for all the special offers that are exclusive to Elite and Premiere Elite members is to increase your annual expenses with Macy’s American Express card. That’s not particularly difficult if you get to use it outside Macy’s as well.
I personally make it a point to reach the Premiere Elite level every year. It’s not just the Star Rewards Certificates I’m crazy about – Premiere Elite cardholders enjoy a lot more perks! Since I do most of my shopping at Macy’s, I actually get to take advantage of almost every special offer that comes my way, such as my monthly Star Pass mailings, exclusive shipping offers, and bonus Thanks For Sharing events. Well, I must say I’ve always wanted to go on a cruise using Macy’s American Express travel rewards, but that’s another story. 😉