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No Visa/MC at NM?

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

  1. whoopee

    whoopee Distinguished Member

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    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.
     


  2. rdawson808

    rdawson808 Distinguished Member

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    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
     


  3. kronik

    kronik Distinguished Member

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    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.
     


  4. RJman

    RJman Posse Member Dubiously Honored

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    Do that many people carry a balance?
     


  5. kronik

    kronik Distinguished Member

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    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.
     


  6. johnapril

    johnapril Distinguished Member

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    The interest rate is 21%! Why not just fly to Nice and shop in Monte Carlo?
     


  7. rdawson808

    rdawson808 Distinguished Member

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    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
     


  8. designprofessor

    designprofessor Distinguished Member

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    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]
     


  9. Quirk

    Quirk Distinguished Member

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    The interest rate is 21%! Why not just fly to Nice and shop in Monte Carlo?

    LOL! No kidding.
     


  10. Holdfast

    Holdfast Stylish Dinosaur

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    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.
     


  11. Get Smart

    Get Smart Don't Crink

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    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.
     


  12. bigbadbuff

    bigbadbuff Distinguished Member

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    It is all branding. No real big deal IMO.
     


  13. j

    j (stands for Jerk) Admin

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    The rich pay for everything using cash.
     


  14. von Rothbart

    von Rothbart Distinguished Member

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    One nice perk of having NM card is to get additional 5% off on all purchases at NM Last Call stores.
     


  15. chorse123

    chorse123 Stylish Dinosaur

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    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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