Macy’s points are worth 1 cent each, on average. For example, 10,000 Macy’s points have a dollar value of roughly $100. As a result, Macy’s points are less valuable than the average department store’s rewards points, which are valued at 1.72 cents each.
The easiest way to calculate the value of a retailer’s rewards points for any redemption method is to determine the dollar value of what you’re redeeming for, minus any taxes and fees that you’ll still have to pay, and then divide that amount by the number of points you’re required to redeem. For your convenience, here’s the formula for Macy’s points:
Dollar Value of Redemption Item / Number of Macy’s Points Needed = Macy’s Point Value
How to Earn More Macy’s Points
It’s important to remember that while you can’t change the redemption values of Macy’s points, you can increase the rate at which you earn them. One of the best ways to increase the number of Macy’s points that you earn is to apply for either the Macy's Amex or the Macy's Store Credit Card. That can also help you reach a higher status tier in the Macy’s Star Rewards, further boosting your earning potential.
Macy's doesn't specify a minimum credit score to qualify for either of its credit cards. In general, if you have a score higher than 700 for the credit card and 640 for the store card, your odds of approval are high. Keep in mind that in addition to your credit score, the bank will also look at your income, debt and payment history on other credit accounts.… read full answer
You can close your Macy's Credit Card by calling customer service at (866) 593-2543. Just state your request and provide the information necessary to confirm your identity. Before you close your account, make sure to redeem any rewards you have saved up. You’ll also need to repay any balance that you owe.… read full answer
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.