Target Red is one of the worst ways to waste a HP. It seldom gives a decent limit and almost never gives a CLI and even then, 90% of the time only up to 500 and on very rare occasion, 1000.
A friend has 2 (why I have no idea). Has had the first one for over 6 years, never a CLI.
Every time I shop there and the cashier asks me if I'd like to apply I nearly burst out laughing. I simply tell them I don't shop there enough to warrant taking the 5 minutes to apply.
I can confirm about usage. I just recently got a CLI from $500 to $1000 after having the card just over 5 months. I don't spend that much....maybe $25-75/mo but do use it regularly.
I've gotten 3 CLIs in a year(started at $300 now at $1000). I frequent for small things like soap, shampoo, and laundry detergent since there's a Target pretty close to where I live.
On the other hand, my roommate has a Target card for close to six years and his limit is only $350.
I got my Target card in June and just got a cli from $500 to $700. I've only used it 3 times altogether.
From what I understand there are really only two nice things about the Red Card. No shipping from online purchases and 5% discount. I actually boycotted Target for the last year because of issues I had purchasing online. I am certain they lost more profit than what I requested of them from their problems. I actually really like Target stuff, but once you leave the store or shop online, there seems to be where the problems are. I have read many a people who don't get anything from the credit card in aspects of CLIs. I just got their card a short time ago because of the upcoming Black Friday sales. I should probably prepay $1000 just to be able to have a conversation with them when my card gets declined for reaching my $500 limit! At least Macy's gave me $800 and I would almost bet that limit will get increased at a much faster pace than their Red Card.
I opened my account in Nov 2012 with a 200 credit limit, used the card for the first time in July and have been carrying a balance.
Early October...CLI to 700.00
Just saw today ....CLI to 1200.00.
My DW opened up a red card a couple of weeks ago her CL is $3000 she said the women at the counter said "wow you must have good credit" I guess I know why she said that to her after hearing the limits they like to give.