Reply
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
0

Re: Question about REDCard Debit Inquiry

Love zombie threads. RED debit sounds like a pretty good idea though, 5% off is a pretty good deal for not doing much

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
Valued Contributor
Repo-ed
Posts: 2,953
Registered: ‎02-09-2012
0

Re: Question about REDCard Debit Inquiry

my karma score is 636.
Frequent Contributor
SwampSystems
Posts: 358
Registered: ‎06-25-2012
0

Re: Question about REDCard Debit Inquiry


calogan wrote:

trumpet-205 wrote:

So does Target pull your credit report even though you are applying for a debit card? If so is it a soft or hard pull? Finally if they do pull CR which one they pull it from?


There is no pull on your credit reports, hard, soft, or otherwise for the DEBIT CARD version.

 

I went through the same panic and questions before I applied, what they DO is pull a report on you through another vendor (not on of the credit report providers) on your check writing history, etc.  I believe they use CHEX, althogh I'm not 100% sure on that - it may be another vendor.

 

Short answer: They check you out, but not through a hard or soft pull on your credit report through one of the big three CRAs.

 


This is false information. TNB Target soft pulled my Experian report on the date I applied for my REDCard Debit card. They also pull from the company they use for check processing (can't remember which, but I requested paper reports from all the major ones like ChexSystems a few months back, and one of them definitely had an inquiry matching the date of my application).

 

It says in the terms and conditions that they use CRAs, and it even warns you on the electronic pad before you sign the application. I used to work for Target, and I would get plenty of apprehension and complaints over this. Even had a few guests come back to the store after reviewing their reports to tell me they saw an inquiry.

Valued Contributor
Epcot
Posts: 2,784
Registered: ‎10-10-2012
0

Re: Question about REDCard Debit Inquiry

I applied for the Debit card a few months ago and no HP. Very happy with the savings!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 809 EX 774 TU 805
App free since 4/11/13
Contributor
professorr
Posts: 80
Registered: ‎10-13-2011
0

Re: Question about REDCard Debit Inquiry

So if any of you are on CHEX then I doubt they'll approve you.  BK usually gets rid of your Chex issues though.

 

BK Dis 9/2013
scores
Eq 638
TU 641

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+