Credit Cards

[smo65d11]

since mine is so new, will it matter age-wise?  I don't want a bunch of tiny limit cards though!  My current ones are $200 Target store, $500 Sears store, $700 Discover, $1250 Capital 1, $2,500 BofA (husbands), $5000 AMEX AAdvantage, $7,500 Chase Visa .... any advice for me?

[beenthere]

Age is age. CL does not factor.

Your account already exists so it will exist with the CRA for 10 years even if you cancel it with Target today.

[smo65d11]

*well poop*

thank for the info folks!

[KeystoneKutie87]

My card started at $200, then after six months went up to $500 and six months later I got an upgrade to a Target Visa and a $1,000 CL and its been there ever since. If you haven't already, don't waste the inquiry! Target's not worth it...

[pez478]

It looks to me like most people start with an initial CL of $200 and thereafter it's a crap shoot. But what if you start with a limit of $300? My bf just got the store card on Sunday with that limit - if you start at $300 is it like you're in a different tier or something (like Best Buy's plan A vs plan B)?

[iwantbettercredit]

I was approved for a $200 Target Red Card at the register when I applied, I spent $185.00 that day and they charged it to my card, I was planning on paying cash for it that day and did not know I would be applying, anyway I immediately went to customer service and paid the $185.00 of that was just charged to it. A week or so later I charged a few bucks on the card and paid it off about a week later. By the time I got my first statement they increased me to $500.  However, it took about a 14 months before they would give me a second increase even though I spend alot at target during the year using my card and with perfect payments.  Once they decided to increase they upp'd me to $1,000.  I have been with them now for almost 2 years and hoping they will up me again soon.

[UpUpUp]

I started with a $200 limit. About 3 months later increased to $500. Sat there until the card was almost 3 years old. Then a big group of us got bumped up right around the holidays time to $1000.  I think they were trying to encourage holiday spending.  Mine is still the store version not the Visa and CL is currently the $1000. I could care less what the CL is. It doesn't hurt your score to have the limit low and I think under manual review most lenders know that store cards generally will have a lower limit than a major CC.

[boilerfan]

So, when you check out at Target and get asked if you want to sign up for the Red Card, are you essentially pre-approved or do they just offer it to everyone?

[wildcat]

I got a my Target card with 200 cl and was bumped to 500 cl at 3 months .

[WhirledPeasPlease]

Every time I type this I think about how it looks -- Target Visa is my highest limit, Amex Delta is my lowest...

Opened a Red Card in 02 w/ a 200 limit.  About 2 (or three?) years later they took it to a visa w/ a 1k limit.  It sat there until Feb of 08 and VOILA, auto-cli to 5k.  This past October they auto-cli'd me to 7k.

Sure the IR is nasty, tho the Visa DOES have a luv button -- but I can't complain.  I really do like those 10% coupons.