tpayne105 wrote:Just got a CLI on my Regular Target card from $200 to $500...I didn't ask.....I am surprised...
For all you people thinking of applying:
"A FICO score of at least 543 is recommended for a higher chance of approval for the Target REDcard® Store Card, but is not required. There are a number of other factors that this issuer may also consider when making decisions for approval." - Financeglobe.com
Their information is based off 37 reviews by people who have applied. I also want to note in general that in-store credit cards can lower your credit score by up to 22 points! I highly suggest you do not mess around with them. My personal only exceptio n would be if my bill exceeds about $600, to save the approval comp of 10%. If you're new to credit or have bad history I suggest you talk to your bank. Try going to a smaller bank, such as a local credit union. However if you do find a better offer and think your chances of being accepted are high, then pay off your current balances before switching. Do not ever let your credit balance exceed over 50% of your limit, this will reflect your credit score a lot. Also never make just the minimum payment, you need to make sure you're always paying double the minimum payment or more. To be honest I feel really blessed right now. After reading some of your posts. I am only 18 with a 702 credit score.
Also while in school I am currently employed with Target. As a Target cashier we're basically required a REDcard about every other swift. Now we do not gain ANY kind of commission. My store gets about 4-20 a day.
If you have any questions or concerns please do ask.