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Frequent Contributor
laryn41
Posts: 484
Registered: ‎07-31-2007
0

Target red. Would you close?

I am fairly educated on the closi g of cards but I have had this card since 05 And still at 200. I have done everything. I feel I may e lost in the system. I have rehabbed my credit tremendously and I am shocked by this. My mom has had 3 increases within 2 years. Would you close and reopen in a year but be forced to Lose all the history. Especially since cap one closed my other 7 year card (without telling me , but that is another story) for in activity.
Thanks in Advance!!
Frequent Contributor
nyancat
Posts: 430
Registered: ‎12-21-2012
0

Re: Target red. Would you close?

No way, keep it for the account age, just never use it for more than $60 worth of purchases a month (30% utilization).

American Express Costco TrueEarnings - $8,300; American Express Blue Cash Everyday - $5,000; American Express Delta Gold - $7,300; Bank of America Travel Rewards - $5,000; Barclaycard Arrival+ - $5,000; Citi Forward - $5,800 and $4,500; Chase British Airways - $14,500; Discover It - $4,500
Moderator
Revelate
Posts: 9,735
Registered: ‎12-30-2011
0

Re: Target red. Would you close?

[ Edited ]

nyancat wrote:

No way, keep it for the account age, just never use it for more than $60 worth of purchases a month (30% utilization).


Or just pay before the statement date.

 

Regardless I value payment history FAR more than CL personally; I'd absolutely love to have a 7 year positive tradeline open and reporting right now... $200 on a store card wouldn't bother me in the slightest although for making one's report as pretty as possible as nyancat intimates, it's unlikely I'd ever want to leave an actual balance on the card when I had something major coming up application wise.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Senior Contributor
BearsAndTurtlesRtheBest
Posts: 3,694
Registered: ‎10-02-2012
0

Re: Target red. Would you close?

SERIOSULY target red card is on my NEVER APPLY FOR list. People constantly complain that they can neevr get an CLi on their card now you as well Target Card will never be in my hands, and well they say never close cards if they dont have an annual fee, so it wont hurt to keep open just so it ages and looks good on you, so far it will almost be 10 years since card was on in 2015. 

Senior Contributor
jsucool76
Posts: 3,824
Registered: ‎12-11-2011
0

Re: Target red. Would you close?

It has no AF. I say keep it.

Target was recently purchased by TD, so maybe CLIs will start soon.
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Frequent Contributor
QAMngrGirl
Posts: 463
Registered: ‎11-28-2012
0

Re: Target red. Would you close?


jsucool76 wrote:
It has no AF. I say keep it.

Target was recently purchased by TD, so maybe CLIs will start soon.

Is TD Bank a generous lender? I haven't really heard much about them.

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Valued Contributor
beb86
Posts: 1,115
Registered: ‎10-31-2011
0

Re: Target red. Would you close?

There have seem to be a few post recently regarding some good CLIs with the red card, so who knows mine is just another positive TL.

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Established Contributor
Smug
Posts: 961
Registered: ‎12-21-2010
0

Re: Target red. Would you close?

Closed mine never looked back
Experian® 808/Equifax® ?/TransUnion® 810
Baddies Experian® clean/Equifax® 1/TransUnion® Clean
Last CLI 6-13-2013
Total Credit $121,190.00
Goal 780!
Established Contributor
toppers555
Posts: 552
Registered: ‎09-28-2012
0

Re: Target red. Would you close?

[ Edited ]

I would say it all depends where you are at in your credit journey,and lifestyle.  I defintely  see where the majority are coming  from in regard to  leaving it open for positive reporting ,  but me personally , I am at same 200 cl ,and will be closing mine at the end of the year unless TD bank increases the limit.  I am at point in my journey to where I am focusing on building prime card relationships. At the beginning of last year I had 17+ tradelines.  I am currently down to 10 , and plan to close any cards with a cl of less then 3k , besides maybe 1 hsbc card, which I really want to  because of how Capitol One failed to keep a promise of converting a secure card a few years ago, but I can't let feelings guide busniess decisions.



TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!


Senior Contributor
BearsAndTurtlesRtheBest
Posts: 3,694
Registered: ‎10-02-2012
0

Re: Target red. Would you close?

FOLLOW AT @toppers555 foot steps hahha if the new bank doesnt help in any way then closing it should be a good move.


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