Neiman Marcus Credit Card Approval Odds Explained

Neiman Marcus Credit Card Approval Odds Explained

Neiman Marcus is a department store chain that sells designer clothing, jewelry, accessories, and home goods. The retailer offers a store credit card with a rewards program called InCircle. The Neiman Marcus credit card is a “closed loop” credit card, meaning it can only be used in stores and online at Neiman Marcus, Bergdorf Goodman, Horchow, and Neiman Marcus Last Call.

Before you apply for a Neiman Marcus credit card, you should know that there are fees and interest charges associated with the card. For current terms and conditions, see the Neiman Marcus credit card application page.

In addition, Neiman Marcus credit cards are issued by Capital One, which will report missed payments to credit reporting agencies (as previously reported). Make your payments on time whenever possible or pay them within the month (including any fees) to avoid damaging your credit score.

Neiman Marcus Credit Card Application Process

You can apply for a Neiman Marcus store credit card in stores, online during checkout, or on the Neiman Marcus credit card page. The application will ask for your name, email address, mailing address, phone number, date of birth, and Social Security number. You’ll also need to share whether you own or rent your home, how much your monthly home payment is, and your total annual income.

If you apply for the Neiman Marcus card during checkout, you’ll often get an immediate decision. If you don’t receive an immediate decision, you can check your application status by calling customer service at (800) 685-6695.

Keep in mind that while the shopping cart trick works for many store credit cards, it won’t work for the Neiman Marcus card. The card issuer, Capital One, does a “hard” credit check on all applicants — usually through Equifax or TransUnion.

Neiman Marcus Credit Card Approval Requirements

The Neiman Marcus store credit card is backed by Capital One. In addition to checking your credit history, Capital One will look into your income and employment history upon application. While representatives for Capital One and Neiman Marcus would not specify a minimum required credit score, customers on credit forums have reported being approved with scores of 650 or higher — though some people with good credit scores reported being denied due to other factors like opening several lines of credit around the same time.

Customer service representatives and the Neiman Marcus credit card FAQ (linked at the bottom of the application page) said the following could be reasons your credit application is denied:

• The application is missing information or the information you entered can’t be verified
• You are under 18 years old
• You don’t have a Social Security number or Individual Taxpayer Identification Number
• You already have five or more Capital One credit cards
• You’ve defaulted on a Capital One credit account within the past year (including any co-branded or store cards)

To learn about other factors generally considered during the credit application process, see our article on Wayfair’s credit card.

Neiman Marcus Credit Card Opening Limit

If you’re approved, the lower your score is, the lower your credit limit will be; the Neiman Marcus credit card limit range appears to start around $700 and extend to over $10,000, based on customer reports. After approval, you can learn your credit limit by calling the customer care department at (800) 685-6695.

If Capital One approves you with a low limit, you may be able to get an increase after holding your account for several months in good standing. You cannot request an increase online; instead, you’ll need to call (800) 685-6695. If your income increases, you may also call this number to update your information, which can result in a limit increase.

Neiman Marcus Credit Card Reconsideration Process

If you received a letter explaining your Neiman Marcus card denial and there was a legitimate reason that you did not meet the card’s approval requirements, you can reapply at a later date. There is no set timeline for reapplication; it will vary depending on why you were denied. (For example, if you were denied for a low credit score, improving your score can take many months.) Representatives said that most applicants should wait at least four to six months before reapplying.

If you believe there was a problem with your application and that your credit profile fits the approval criteria for the Neiman Marcus card, you can call the customer service line at (800) 685-6695. An automated voice will ask you to enter or say your card number; instead, say that you do not have a card. The system will then connect you with a live agent and you can ask for reconsideration. Keep in mind that reconsideration does not guarantee approval.

You can increase your approval odds for the Neiman Marcus card and other credit cards by properly managing your credit. Keeping low balances or paying them off completely, setting up automatic payments or reminders, and being selective as you apply for new credit accounts can help improve your odds. You may also want to sign up for a free service like Credit Karma, which allows you to check your score regularly without hurting your credit score.