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I've had the Target Red Card for 5 years with a cl of a measly $200. I've never had a late payment, always paid more than the minimum due, and my credit score across the board has increased in the last 5 years from the low to mid 500's to the mid 600's.
what gives?
I called and spoke to the supervisor, and she said there was nothing I can do, that the increases are automatic.
what does it take to please these people?
I don't get it.
All I know is what I was told last week by a rep there, that you're more apt to get a CLI with frequent usage no matter if carried over or PIF, or how much or little you spend.
so what your saying is if I just go in and buy a soda with my red card every day and pay off let's say once a week, I will have a better chance to raise my credit limit?
that's nuts!
but if it works, I'll do it.
LOL that's what it sounded like to me! I reiterated with him - it's not the purchase amount, it's not when paid, it's the frequency of purchases. My boyfriend needs dishtowels. I'm going shopping tonight for $5 dishtowels. lol
Seems this is a common theme from what I read around here.
“Beware of little expenses. A small leak will sink a great ship” – Benjamin Franklin
Gardening since 3-26-15
With TD bank taking over management of the portfolio, there have been some reports of some long-time people getting increases (e.g. $300 --> $500).
@haiti222 wrote:With TD bank taking over management of the portfolio, there have been some reports of some long-time people getting increases (e.g. $300 --> $500).
My TARGET Visa got an increase not long ago under TD Bank, limit is now $5,500. I do use it frequently and PIF as well. Then again, I've had this account since 2001 when it was under TNB.
You should try a different card. I usually hate everything that is Capital One but you should be able to qualify for one of their cards. Store cards are waste of time IMO.
Of course YMMV
Several years ago I got a loan and paid mine off... their thanks for me was to lower my limit from $5000 to $500....could not give me any reason. Had very good credit.
4 years later, still $500. Rarely use it.