Is it true that the current employee discount of 20 % is going to be lowered to 15%?
9 replies (most recent on top)
Macy's doesn't own the receivable to they don't care about the balance that you carry on your card accruing interest. Only impact they have left is to reduce the employee discount to stop further damage to their already weak margins.
Never carry a balance with Macy's or citi . The interest rate is over 24% and yes it will chew your discount away.
Do the math.....you charge 100.00, get a 20% discount. Carry the balance over for one month with only minimum payment and you are charged an interest fee of 23%. keep carrying the balance and boom-no discount.
Where are you hearing this stuff.
If you do not pay off your balance every month, you do not get a discount. It is eaten away by interest charges. Nothing at Macys is worth this. Let them have their cheap stuff. You can go to Walmart and get better quality for less.
to those who have, more will be given; from those who have nothing, even what little they have will be taken.
Would not suprise me, Macys is going to continue to take from employees wile Jeff and Hal get huge raises.
I know the frequency of the "additional" discount has been cut....
Probably, anyway to save money employees they can control.