When Target will listen to the consumers?

[danielodonoll]

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@youngandcreditwrthy wrote:
Yeah, except that C1 will increase a line if you go through the EO ;-) lol...
I think if you have a solid payment history as I did in Cap One's case(5 years, no lates or over limits) and one year of the same with TNB, that should be enough of an indicator of low risk...
But I do get it. I also think that Cap One's business model isn't to limit risk, but to increase Revenue Per Account. The more low limit accounts they can pump out with fees/high rates... The more profitable they are. Idk about Target/TD though. No experience with them lol

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+++++1

[CreditCrusader]

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@youngandcreditwrthy wrote:

But I do get it. I also think that Cap One's business model isn't to limit risk, but to increase Revenue Per Account. The more low limit accounts they can pump out with fees/high rates... The more profitable they are. Idk about Target/TD though. No experience with them lol

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Whatever their ultimate model is, it's working. They are gobbling up competitors like Joey Chestnut at a Nathan's Hog Dog eating contest

[boomersooner02000]

I've gotten 2 increases on the card. One in Dec '12 and the most recent one earlier this month.

[FinStar]

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@CreditCrusader wrote:

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@youngandcreditwrthy wrote:

But I do get it. I also think that Cap One's business model isn't to limit risk, but to increase Revenue Per Account. The more low limit accounts they can pump out with fees/high rates... The more profitable they are. Idk about Target/TD though. No experience with them lol

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Whatever their ultimate model is, it's working. They are gobbling up competitors like Joey Chestnut at a Nathan's Hog Dog eating contest

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+1

Ultimately it's TD Bank's decision on how they want to manage their lending portfolio based on TARGET's growth direction.  I'm fairly certain that they have quite a modest base of accountholders who are very profitable, low risk with decent to moderate limits.

My TARGET Visa survived the 2008 economic meltdown with no CLD, closure, or anything adverse.  In fact, under the new TD Bank, the limit was increased by $500 last month ($5,500)... so they are aware of their customer base.

[dodgerslv]

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@FinStar wrote:

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@CreditCrusader wrote:

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@youngandcreditwrthy wrote:

But I do get it. I also think that Cap One's business model isn't to limit risk, but to increase Revenue Per Account. The more low limit accounts they can pump out with fees/high rates... The more profitable they are. Idk about Target/TD though. No experience with them lol

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Whatever their ultimate model is, it's working. They are gobbling up competitors like Joey Chestnut at a Nathan's Hog Dog eating contest

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+1

Ultimately it's TD Bank's decision on how they want to manage their lending portfolio based on TARGET's growth direction.  I'm fairly certain that they have quite a modest base of accountholders who are very profitable, low risk with decent to moderate limits.

My TARGET Visa survived the 2008 economic meltdown with no CLD, closure, or anything adverse.  In fact, under the new TD Bank, the limit was increased by $500 last month ($5,500)... so they are aware of their customer base.

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Thats a very nice bump! If TD decides to be more generous on initial limits and future CLI it may be one of the cards i may look into down the road. Like Target very much and shop there quite often.

[FinStar]

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@dodgerslv wrote:

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@FinStar wrote:

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@CreditCrusader wrote:

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@youngandcreditwrthy wrote:

But I do get it. I also think that Cap One's business model isn't to limit risk, but to increase Revenue Per Account. The more low limit accounts they can pump out with fees/high rates... The more profitable they are. Idk about Target/TD though. No experience with them lol

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Whatever their ultimate model is, it's working. They are gobbling up competitors like Joey Chestnut at a Nathan's Hog Dog eating contest

---

+1

Ultimately it's TD Bank's decision on how they want to manage their lending portfolio based on TARGET's growth direction.  I'm fairly certain that they have quite a modest base of accountholders who are very profitable, low risk with decent to moderate limits.

My TARGET Visa survived the 2008 economic meltdown with no CLD, closure, or anything adverse.  In fact, under the new TD Bank, the limit was increased by $500 last month ($5,500)... so they are aware of their customer base.

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Thats a very nice bump! If TD decides to be more generous on initial limits and future CLI it may be one of the cards i may look into down the road. Like Target very much and shop there quite often.

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I wasn't even aware of it until I logged online to check my balance to PIF.  More often than not, it appears to be a hit or miss with how they evaluate their CLIs - which could also vary from those who still have their Visas versus those who carry the standard REDcard.  However, I have seen other folks get auto-CLIs on their REDcards recently so it is happening, maybe just not as frequently.

[youngandcreditwrthy]

Capital One stock is up substantially too!!
Yeah, Target has a nice selection of organic produce :-)
I also remember every time I would call to harass them about my low limit, they woul send me an extra 10% off coupon to add to my already 5% included with the card. Lol

What's the APR on the Visa? Like...23%?

Store bankcards are pretty useless anywho as they come with such HIGH aprs!

[FinStar]

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@youngandcreditwrthy wrote:
Capital One stock is up substantially too!!
Yeah, Target has a nice selection of organic produce :-)
I also remember every time I would call to harass them about my low limit, they woul send me an extra 10% off coupon to add to my already 5% included with the card. Lol

What's the APR on the Visa? Like...23%?

Store bankcards are pretty useless anywho as they come with such HIGH aprs!

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Nope - the current APR on my Target Visa is 14.74%.  Really a non-factor since I PIF and most individuals who originally got the TARGET Visa (mine is from 2001) were given decent/competitive APRs during that period when it was offered.  So for a co-branded card from back in the day, not bad.  Try comparing that to your GECRB co-branded line up.

[teddybearkelli1]

I have no issues with their CLI's either. I started at $600 in late 2011 and have had 3 auto CLI's to $2,000. I usually use the card heavily on Black Friday and lightly 2 times per year - but almost always pay in full. Not sure what they base their auto cli's on, but like I said they have been quite generous with me (in terms of Target CLI's anyway). I will say that they never "announce" the increase, I just happen to notice it on the website or statement.

[FinStar]

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@teddybearkelli1 wrote:

I have no issues with their CLI's either. I started at $600 in late 2011 and have had 3 auto CLI's to $2,000. I usually use the card heavily on Black Friday and lightly 2 times per year - but almost always pay in full. Not sure what they base their auto cli's on, but like I said they have been quite generous with me (in terms of Target CLI's anyway). I will say that they never "announce" the increase, I just happen to notice it on the website or statement.

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+1

Exactly.