Macy’s, Inc. is an American holding company that was founded in 1929 by Xavier Warren. It was originally named Federated Department Stores as it held ownership of some of the biggest stores at that time in the USA, like Bloomingdale’s, Lazarus, and Filenes’.
In 1994, Federated took over the store chain named Macy’s, but in 2005, they decided to remove the regional nameplates and change them to Macy’s and Bloomingdale’s nationwide. Finally, in 2007, their name was also replaced by Macy’s, Inc.
The headquarters are located in New York. The company, which was established 93 years ago, is still in operation. This company hasn’t started working abroad other than in the USA, where their revenue is $24.97 billion and with over 130000 employees, this company has everything you need in the field of jewellery, housewares, footwear, clothing, furniture, etc. Their headquarters have recently shifted to New York, but first, it was Cincinnati, Ohio.
Macy’s Loyalty Program
Macy’s has a loyalty program, and there are many options in the loyalty program from which the customer can choose the one they like. There are 4 types of rewards programs that they have named. Now the segregation of the loyalty program is done a bit differently than the other companies like here. You will be segregated on the amount that you spend at Macy’s.
Tiers of Macy loyalty program:
- Bronze Reward Program: All-Star Members Get Rewards on Macy’s Purchases. All customers are eligible for star money bonus days and will receive 1% back in rewards, birthday surprises, and other perks and offers. Bronze membership is free for all Macy’s customers to join.
In addition to this, if someone has a Macy’s card, then they will receive more rewards for the amount that they spend on Macy’s.
- Silver reward program: Customers who will spend up to $499 with their Macy’s credit card in a year will get 2% percent back and 25% off on any day they choose with star coupons.
- Gold reward program: Customers who will spend $500 to $1,199 in a year with their Macy’s credit card will get 3% back and 25% off on any day with Star Pass coupons, and they will also get free shipping on Macy’s purchases when they use their Macy’s credit card.
- Platinum reward program: Customers who will spend more than $1200 in a year on a Macy’s credit card will get 5% back at the end of the year and 25% off on any item they want with Star Pass coupons and free shipping when they order from the Macy’s credit card.
Which Payment Method Can Be Used to Pay for Macy’s Loyalty Program?
Macy’s takes cash, PayPal, credit cards, debit cards, and now Klarna which is a buy now pay later company so the customer can pay in 4 installments over a period of 6 weeks. The accepted cards are MasterCard, Visa, American Express, and discover.
Macy’s loyalty programme eligibility
Now the loyalty programme is eligible for all customers; you just need to be 18 years old or above to open an account at Macy’s. They also offer credit card services to their customers, but the eligibility process for that is 18 years or older, should have a bank account with a valid debit or credit card, and should have a minimum credit score of 700 with a good income to be qualified for it.
Macy’s loyalty programme cost:
The Macy loyalty programme is free for all bronze members, but if you want to be part of their silver, gold, or platinum tiers, then you will need to get their credit card, which is not that easy as you will need a minimum credit score of 700, and then the amount that you spend will decide your tier and the amount of cashback you can get on your purchases with Macy’s.
Macy’s loyalty programme perks:
- They gave their customers birthday gifts or discounts, like if you buy a purchase worth $30, you will get $10 off and more, like free drinks or food passes.
- They also provide “star pass” days when you can earn more than the usual points on normal purchases.
Conclusion
So getting a loyalty programme is not a bad idea. Macy’s has 30 million customers who are members of their loyalty program, and if you see, in the long run, it’s cheaper and you also get several discounts. And as there are several programmes like bronze, silver, gold, and platinum, the customer can select as per their needs and to the extent they can afford it. With each tier, the number of benefits increases, and your chance to earn more points increases, so it’s a win-win situation for both the customers and the company in the long run.
FAQS
- What credit bureau does Macy’s use?
They use three credit-checking companies, which are Equifax, TransUnion, and Experian, and take the average of three to decide your final credit score.
- Do Macy’s points expire?
Yes, if you do not make a payment from the Macy’s credit card in 12 months, then your points expire, and the star membership points expire in 30 days.
