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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 Points vs. The Competition
| Rewards Program | Average Point Value | Value of 1,000 Points |
| 1 cent | $10 | |
| 5 cents | $50 | |
| 1 cent | $10 | |
| 1 cent | $10 | |
| 1 cent | $10 |
People also ask
Can I use my Macy's Store Card anywhere?
The Macy's Store Card can't be used anywhere. It can only be used at Macy's and macys.com. The Macy's American Express Card, on the other hand, can be used anywhere Amex is accepted, including Macy’s.
You need good or excellent credit (700 or higher) to get the Macy’s Amex, and at least fair credit (640 or higher) to get the Macy’s Store Card.
read full answerWhat credit score does Macy's card require for approval?
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.
How do I close my Macy's Credit Card account?
You can close your Macy's Credit Card account by calling customer service at (888) 257-6757. Just state your request and provide the information necessary to confirm your identity. This is the way to cancel your Macy's Store Card, too. At the moment, there is no way to cancel your Macy's Credit Card online.
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. You should...
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