02-24-2009 03:17 PM
02-24-2009 03:33 PM
02-24-2009 05:23 PM
consumer requests are not an option on the red card.
They usually start you at 200, CLI you to 500 at 3 months and then up to 1k and upgrade to visa at 6 months....
HOWEVER this is were it seems to get lost in the system and there doesn't seem to be rime or reason for the increases... some get increases with PIF, some get increases with carrying balance. others just never make it anywhere regardless of what they do and there scores going to 750!!
I personally have had a target card since 1999, $200 limit auto cli to $300 sometime that same year... has sat at $300 since then to this day. Last year I got mad that I felt like my card was lost in there system so I applied and was approved for a second Target RedCard. $200 limit, auto increased to $500 at month 3, I have purchased up to close to my limit every month and leave at least $50 unpaid on each month statement. I'm currently waiting for month 6 to come next month to see if I get auto increased and converted to visa, but if they pass me by and my account just sits I give up with target!
02-25-2009 01:45 PM
I have a Target Visa with a $3000 limit that I got in April of last year. I always PIF and use it regularly generally charging $500 or so every month. I called two weeks ago asking for a CLI and was told no. The only thing different on my CR is a new account at Macy's, Ann Taylor and a Chase Visa. I spoke with a rep there and he told me my account was in good standing but there was something on my credit which was preventing the increase. Today, I got a notice that they were increasing the interest rate to prime + 16.99% and never less than 22.99%. My current interest rate is 17.99%. Did anyone else get this? It starts by saying:
"Like many credit cards issuers in this challenging economic environment, we are modifying some of the terms of our REDcard Agreement...."
02-25-2009 03:25 PM
I got my card with $200 CL couple of years ago and it is still at $200 CL.
Ditto. Mine is over a year old and still at $200. DW got a CLI at her first month to $500 and still is there after 1.5 yrs.
02-25-2009 08:15 PM
02-26-2009 07:27 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.