1. Welcome to the new Styleforum!

    We hope you’re as excited as we are to hang out in the new place. There are more new features that we’ll announce in the near future, but for now we hope you’ll enjoy the new site.

    We are currently fine-tuning the forum for your browsing pleasure, so bear with any lingering dust as we work to make Styleforum even more awesome than it was.

    Oh, and don’t forget to head over to the Styleforum Journal, because we’re giving away two pairs of Carmina shoes to celebrate our move!

    Please address any questions about using the new forum to support@styleforum.net

    Cheers,

    The Styleforum Team

    Dismiss Notice

No Visa/MC at NM?

Discussion in 'Classic Menswear' started by rdawson808, Jul 16, 2006.

  1. johnapril

    johnapril Well-Known Member

    Messages:
    5,663
    Joined:
    Sep 28, 2004
    The interest rate is 21%! Why not just fly to Nice and shop in Monte Carlo?
     
  2. rdawson808

    rdawson808 Well-Known Member

    Messages:
    4,226
    Joined:
    Feb 22, 2005
    Location:
    The Capital
    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
     
  3. designprofessor

    designprofessor Well-Known Member

    Messages:
    2,483
    Joined:
    Apr 14, 2006
    Location:
    tornado alley
    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)[​IMG]
     
  4. Quirk

    Quirk Well-Known Member

    Messages:
    2,581
    Joined:
    Mar 11, 2006
    The interest rate is 21%! Why not just fly to Nice and shop in Monte Carlo?

    LOL! No kidding.
     
  5. Holdfast

    Holdfast Well-Known Member

    Messages:
    10,562
    Joined:
    Mar 10, 2006
    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.
     
  6. Get Smart

    Get Smart Well-Known Member

    Messages:
    12,158
    Joined:
    Oct 27, 2004
    Location:
    A town called Malice
    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.
     
  7. bigbadbuff

    bigbadbuff Well-Known Member

    Messages:
    1,742
    Joined:
    Aug 22, 2002
    It is all branding. No real big deal IMO.
     
  8. j

    j Well-Known Member

    Messages:
    14,914
    Joined:
    Feb 17, 2002
    Location:
    Seattle, WA
    The rich pay for everything using cash.
     
  9. von Rothbart

    von Rothbart Well-Known Member

    Messages:
    2,461
    Joined:
    Oct 29, 2004
    One nice perk of having NM card is to get additional 5% off on all purchases at NM Last Call stores.
     
  10. chorse123

    chorse123 Well-Known Member

    Messages:
    10,448
    Joined:
    Nov 5, 2004
    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?
     
  11. sbbbjm

    sbbbjm Well-Known Member

    Messages:
    556
    Joined:
    Apr 26, 2005
    i'm not hugely rich or anything, but both my parents are both marketing majors, anyway . . . i asked my mother about this and her answer was

    'to be completely honest, its too keep the riff raff out. poor people can't afford amex.'

    . . . she's so tactful
     
  12. thinman

    thinman Well-Known Member

    Messages:
    4,926
    Joined:
    Jan 24, 2005
    Location:
    USA
    One nice perk of having NM card is to get additional 5% off on all purchases at NM Last Call stores.

    This is the one and only reason I have a NM card. The balance gets paid off every month.
     
  13. RJman

    RJman Well-Known Member

    Messages:
    18,647
    Joined:
    Dec 10, 2004
    Location:
    In the not too distant future
    i'm not hugely rich or anything, but both my parents are both marketing majors, anyway . . . i asked my mother about this and her answer was

    'to be completely honest, its too keep the riff raff out. poor people can't afford amex.'

    . . . she's so tactful

    Well, nowadays Neimans does take Optima, the cheapo Amex...
     
  14. FIHTies

    FIHTies Well-Known Member

    Messages:
    2,959
    Joined:
    Apr 28, 2004
    Location:
    Back and Better Than Before
    Yes, apparently that is their policy. Recall the infamous Kalra thread.


    Am I the only one that is getting all warm and fuzzy inside thinking about that thread???

    http://styleforum.net/showthread.php...+Express+Black

    [​IMG]
     
  15. rajesh06

    rajesh06 Well-Known Member

    Messages:
    365
    Joined:
    Dec 24, 2004
    Diner's recently became a Visa, so NM does not take it. More other places do however,

    Well actually Diner's Club became a Mastercard - or more accurately use the Matercard system. I have both (Gold) Amex and DC - DC customer service is head and shoulders above Amex. Also the credit check that DC goes through is far more rigourous than Amex. DC actually called my employer to confirmn what I made.

    NM's official reason is related to the policies on privacy between Amex and MC/Visa.
     
  16. edmorel

    edmorel Well-Known Member

    Messages:
    25,663
    Joined:
    Mar 10, 2006
    Location:
    NYC
    'to be completely honest, its too keep the riff raff out. poor people can't afford amex.'


    Well, I hate to think of her marketing grades in college. I can't begin to count the number of (unemployed) college students that got Amex's when I was in school. AMEX almost puts a gun to your head to take it. And yes, I know that future college grads seem like a good base to tap into, unfortunately most of those kids went "belly up" in debt before they even left school and AMEX was left holding the bag. Also, to say that only the riff raff carry Mastercard and Visa is, quite frankly, stupid. Amex charges higher fees to both the customer and the business. If you are smart with your money (as either a business or consumer), you wouldn't have an AMEX as there are cheaper alternatives. AMEX's pitch is one of prestige, but I don't need a green/gold/black card to make me feel prestigious if I am spending a couple of thousand in a store. BTW, NM also own Bergdorf's and Bergdorf's, which is no less prestigious, takes whatever the hell you want to pay them with. I happily and proudly use my cheap looking debit Mastercard whenever I shop and those stores that don't take it don't get my business. I will admit to having a BG card which my wife uses at Neiman's [​IMG]
     
  17. lawyerdad

    lawyerdad Well-Known Member

    Messages:
    21,807
    Joined:
    Mar 10, 2006
    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

    I could be totally wrong, but I'd assume the opposite. I can attest from personal experience (on the wrong end) that the fact that someone can afford to pay their bills on time doesn't mean that they actually do. Plus, many folks who have a lot of money - or at least like to appear as though they do - may nevertheless have short-term cash flow issues. I would think NM's assumption is that at least some percentage of their customers will carry a balance, the interest on which will go into NM's pockets instead of those of the Visa/MC issuers'.
     
  18. skalogre

    skalogre Well-Known Member

    Messages:
    6,324
    Joined:
    Mar 9, 2006
    I have had an AMEX Blue in the past, now have an AMEX Blue again. Never use it. I am constanly getting letters from AMEX to "upgrade" to one of their "big boy" cards but I'll be damned if I do that. Crappy rewards and yearly membership fees? Screw that. I use my Amazon.com VISA instead. Much more practical and the rewards structure is better.
    I really think that NM is being shortsighted but I am not their targetted consumer for sure. I refuse to pay full retail for many of the things they have (3k for an Isaia Napoli is far too much, even if it fits nicely).
     
  19. GQgeek

    GQgeek Well-Known Member

    Messages:
    17,933
    Joined:
    Mar 4, 2002
    Location:
    Canuckistan
    And I always thought it was the four-figure price tags :p
     
  20. skalogre

    skalogre Well-Known Member

    Messages:
    6,324
    Joined:
    Mar 9, 2006
    And I always thought it was the four-figure price tags :p

    [​IMG]
     

Share This Page

Styleforum is proudly sponsored by