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No Visa/MC at NM? - Page 2

post #16 of 55
They want you to open either a Neiman's card or use AMEX. AMEX charge higher fees than Visa/MC, but I'm sure they have a deal in place. This is likely why international Visa/MC are accepted- an intl shopper won't open a US-based account, probably an occasional shpper, and obviously store doesn't want to lose the sale. Most shoppers at NM probably do have either/or/both Amex and NM card. The outlets target a different clientele, so it's not surprising that they accept the others.

Anyway, this has all been covered in a long thread featuring, among others, kalra.
post #17 of 55
Thread Starter 
Quote:
Originally Posted by Get Smart
Just open a Neiman's card. Not that hard.


I hate to imagine the APR on that. Dept store cc's generally have much higher interest rates than your average V/MC.

I suspect this is all branding. NM is high-end and high-end shoppers can pay cash or use the Amex or NM card. I've shopped at Last Call before so that's why I assumed they would take my Visa. But as someone said, LC is the lower-end stuff.

I don't know how exclusive Amex is really--I got one in grad school. I eventually got rid of it because so few places accepted it because of its high fees.

Well, either way NM isn't losing much of my business--they are simply way too expensive for me. I just find it interesting that they won't take the cards. Even if they are saving $X in fees they can require any CC purchase to be more than $Y to ensure a profit.


bob
post #18 of 55
Quote:
Originally Posted by Pink22m
You shouldn't have to open a card to shop at an establishment.

While I agree completely, the reason most people won't open one (myself included) is the typical ridiculous interest rate associated with retail credit cards.
post #19 of 55
Do that many people carry a balance?
post #20 of 55
Quote:
Originally Posted by RJman
Do that many people carry a balance?

I think you know the answer to that question, RJ.

I do, unfortunately.. probably about a 10k one.
post #21 of 55
The interest rate is 21%! Why not just fly to Nice and shop in Monte Carlo?
post #22 of 55
Thread Starter 
Quote:
Originally Posted by RJman
Do that many people carry a balance?

I think the assumption for NM is that the majority of their customers do not. If you have the money you can pay it off every month.

b
post #23 of 55
I had a NM Credit Card. I cut it up and closed the account.
If someone had stolen and used that card, it would have tabbed up pretty quickly. (but they would have some gorgeous merchandise though)
post #24 of 55
Quote:
Originally Posted by johnapril
The interest rate is 21%! Why not just fly to Nice and shop in Monte Carlo?

LOL! No kidding.
post #25 of 55
Quote:
Originally Posted by kitonbrioni
I'm told that if you are from another country you can use your international MC/Visa.

I'm pretty sure (95%) I've bought items from NM while on vacation in the US and I don't carry AMEX any more (not enough places take it in the UK), so I must have paid by VISA.
post #26 of 55
I'm sure the NM card has ridiculous interest rates. I always pay that card off in one or two payments max. But I never have more than $500 on it at most.

In a way I like that they don't take Visa, it helps curb my spending there knowing I have to use the NM card.
post #27 of 55
It is all branding. No real big deal IMO.
post #28 of 55
The rich pay for everything using cash.
post #29 of 55
One nice perk of having NM card is to get additional 5% off on all purchases at NM Last Call stores.
post #30 of 55
That's a little annoying. I keep an AmEx for use at the few restaurants which only accept it. Who wants to carry that much cash?
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