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Established Contributor
Posts: 554
Registered: ‎03-13-2011
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Target Red Card

I was considering applying for a Target Red Card in the next few months, what are their standards for approval? Any recent experiences? And why in the world are they not set up to accept apps online- only in store or snail mail?? I'm in the process of building up/cleaning up my credit and I don't think my ego could take an in store decline so I prefer to do all my apps from home :smileyvery-happy:

WM TransUnion- 650 (6/2014) Credit Sesame Experian- 691 (6/2014) Credit Karma TransUnion- 665 (6/2014)
Amex Zync/UNICORN- NPSL/Capital One Venture One Pro -$7,000/NFCU Cash Rewards- $7,500/NFCU NavChek- $5,000/SouthWest Airlines- $5,000/Capital One Quicksilver Platinum- $3,000/Wal-Mart Discover- $6,000/Bill Me Later- $2,200/JCP- $4,700/Discover IT- $500/Care Credit -$2,300/Old Navy Visa- $2,000/New York & Company - $1,000/Capital One -$800
GOALS: No new inqs until 10/30/14. Pay off debt consolidation loan in less than 1 year. Snowball debt payments.
Last HP: 3/5/14
Valued Contributor
Posts: 1,071
Registered: ‎04-24-2008
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Re: Target Red Card

For your best chance of approval, make sure your UTIL is 15% of less than apply.

Established Contributor
Posts: 554
Registered: ‎03-13-2011
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Re: Target Red Card

Ok great, I figured they would want it low so that's why I am holding off so I can pay off some balances. What about baddies?? And inqs??

WM TransUnion- 650 (6/2014) Credit Sesame Experian- 691 (6/2014) Credit Karma TransUnion- 665 (6/2014)
Amex Zync/UNICORN- NPSL/Capital One Venture One Pro -$7,000/NFCU Cash Rewards- $7,500/NFCU NavChek- $5,000/SouthWest Airlines- $5,000/Capital One Quicksilver Platinum- $3,000/Wal-Mart Discover- $6,000/Bill Me Later- $2,200/JCP- $4,700/Discover IT- $500/Care Credit -$2,300/Old Navy Visa- $2,000/New York & Company - $1,000/Capital One -$800
GOALS: No new inqs until 10/30/14. Pay off debt consolidation loan in less than 1 year. Snowball debt payments.
Last HP: 3/5/14
Valued Contributor
Posts: 1,071
Registered: ‎04-24-2008
0

Re: Target Red Card

If your baddie is older than 2yrs and last IQ was 6 months ago, your in good shape. If you have 4-5 IQ within the L6 months, you are borderline. Find out what CR Target pull for your area. For example, if your TU report is cleaner than your EQ report, and Target pulls EQ, I might be reluctant to app for Target. Barclays pull TU and I would app for a visa from Barclays instead (as an example). Just give yourseld the best chance of approval base on your UTIL % (get it to 15% or less), which CR is cleaner when you apping (EQ, EX, TU). Good luck.

Senior Contributor
Posts: 3,065
Registered: ‎11-02-2009
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Re: Target Red Card

We just applied for the Red Card last month.  Well, my fiancee did.  I don't know her FICOs, haven't pulled them in a while.  She has a similar story to me.  Lots of late payments about 2.5 years ago.  She also has one paid collection.  But nothing negative in the last 2.5 years.  She was approved for $2K at the store.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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New Member
Posts: 7
Registered: ‎06-01-2011
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Re: Target Red Card

I was approved with a chpt 7 on record, it was 5 years old at the time of app, had 2 other cards in good standing, no other kinds of baddies.

Established Contributor
Posts: 554
Registered: ‎03-13-2011
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Re: Target Red Card

Great help!! thanks for the advice!!

WM TransUnion- 650 (6/2014) Credit Sesame Experian- 691 (6/2014) Credit Karma TransUnion- 665 (6/2014)
Amex Zync/UNICORN- NPSL/Capital One Venture One Pro -$7,000/NFCU Cash Rewards- $7,500/NFCU NavChek- $5,000/SouthWest Airlines- $5,000/Capital One Quicksilver Platinum- $3,000/Wal-Mart Discover- $6,000/Bill Me Later- $2,200/JCP- $4,700/Discover IT- $500/Care Credit -$2,300/Old Navy Visa- $2,000/New York & Company - $1,000/Capital One -$800
GOALS: No new inqs until 10/30/14. Pay off debt consolidation loan in less than 1 year. Snowball debt payments.
Last HP: 3/5/14

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