@SunriseEarth wrote:
@Anonymous wrote:
I called and ask for credit limit increase. CSR said they do not offer credit limit increase anymore but they do review account each month to see if you're qualify for increase. She also said to update my account every month.My formula is spend, let balance post on statement, update income info, and pay off statement balance, and repeat. I started at $1K and now have a $4K Target MC.
+1 My card has been open since December 2002 (several lenders ago), started at $1300, card got a CLD to $800 when they changed all of the cards to Visa cards around 2005, often carried balances and it stayed at $800 for over a decade. Fast-forward to January 2016, and for the past 21 months I have charged $200-$600 a month (1 or 2 trips to Target monthly), let the balance report, "updated" income even when it hasn't changed, and paid the statement balance in full. They gave me $500 in June 2016, $1000 in December 2016, and $1000 in June 2017, bringing me to $3,300 - which would still be my smallest trade line had I not purposely taken credit from one Amex card and moved it to another. Hoping that the 6 month cycles will continue for me and that I'll see at least another $1,000 in December.
@ccpat wrote:Has anyone received the same type of increases since their Target graduated to MC?
From what I have seen on this forum, it doesn't appear that the upgrade has any impact on CLIs. I can't offer a personal data point on that since mine was a Visa-to-MasterCard conversion rather than a TD Bank-issued store card to MC conversion, but there are a LOT of data points in approvals and the main credit cards forum if you search for Target.
@Themanwhocan wrote:Wow. I haven't had an increase since I got one 4 months after opening the card (from $1000 -> $1600). I did know about the theory of letting a balance report, but regardless of that I wanted a decent balance to report at least once on my credit reports. Plus this past month I finally spent a lot at target, so I let $375 report on my statement. And, I already have another CLI from $1600 -> $2100.
My card will be 17 months old in 3 more days. In other words, its been 12 months since the last CLI. Statement date was 3 days ago, and I havent paid it yet.
My target card increased to $7000 in June, and now in December it has increased to $9000.
I actually haven't been using my Target card this quarter since I've been using Discover's 5% cash back at Target instead.
