Reply
New Member
Posts: 1
Registered: ‎03-13-2009
0

Lowering Target card apr?

I'm new here and I was wondering if anyone out there with a target card was able to have them lower their apr. That's our highest, around 22%. We're almost at the credit limit but always paying more than the monthly amount.
Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Lowering Target card apr?


jgrode wrote:
I'm new here and I was wondering if anyone out there with a target card was able to have them lower their apr. That's our highest, around 22%. We're almost at the credit limit but always paying more than the monthly amount.

Hi, jgrode, welcome to the forums!

What's your current balance and credit limit? And how hard would it be to just pay the thing off?

Target is not going to lower its APR. Smiley Sad Nor will most other CC's these days, if you have a balance. Once you're identified as a source of cash income, they have no interest in letting you off the hook.

Your best bet is to get your CC balances down as low as you can; paid off if there is any way possible. The banks are hurting for cash, and once they find a cardholder who owes, they're going to try to get as much money out of you as they possibly can.

Unfortunately, those who owe money are the new cash cows for lenders. If you can avoid being milked, do so.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Epic Contributor
Posts: 25,531
Registered: ‎10-23-2007
0

Re: Lowering Target card apr?

if you have just the target store card, it is not eligible for apr reductions since it's a store card. now if you had the target visa, they have tiers for lower APR but target is really tough about coming down on those tiers, they say they are set when the account is approved.
Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
95 Cards and Counting Smiley Tongue
Valued Contributor
Posts: 1,998
Registered: ‎03-31-2008
0

Re: Lowering Target card apr?

If its the store card they will not lower the APR.

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Regular Contributor
Posts: 201
Registered: ‎01-16-2008
0

Re: Lowering Target card apr?

I've got a Target Visa which is a year old.  I've always paid the balance in full every month, have never been close to the max and always pay well before the due date.  I got a notice last month saying the were increasing the APR to 22.99% at minimum "Like many credit card issuers in this challenging economic environment...."
Highlighted
Established Contributor
Posts: 645
Registered: ‎10-24-2007
0

Re: Lowering Target card apr?

My Target Visa is just a year and a couple of months old. I have a $5000 limit and the highest balance was $132, always PIF. Until last month my APR had gone from 22% on opening down to 17%. Last month I received the same letter as many other users here that the rate was being raised to 22%. I haven't tried asking that it be decreased, I just wouldn't even consider ever carrying a balance on it.

 

Actually the more I think about it the more I think it might not be a bad idea to cancel the card.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.