cancel
Showing results for 
Search instead for 
Did you mean: 

Target Debit Card...in Escrow

tag
Anonymous
Not applicable

Target Debit Card...in Escrow

May be a silly question...I'm currently in escrow and Target is having a sale on an item I've been dying to get but didn't want to pay full price. Anyhow, if i apply for the Target Debit Card (to save an additional 5%...its not the store credit card and the funds will auto deduct from my checkings) will it create a hard inquiry? I've googled and some say yes, some say no and their website says they only need a blank check. I personally haven't done it because I'm scared it will cause a hard inquiry and mess up whatever i have going on in escrow. Any help is appreciated. Thanks!

Message 1 of 16
15 REPLIES 15
StartingOver10
Moderator Emerita

Re: Target Debit Card...in Escrow

Do not apply for any new credit, including a new debit card, during your mortgage approval process. Is the item you are looking to purchase worth losing the mortgage?
Message 2 of 16
Anonymous
Not applicable

Re: Target Debit Card...in Escrow

I would not take the chance. Even if it is saving you 200 bucks, that is not worth risking your mortgage. Even if someone tells you 100 percent certain its a SP I would not risk that for a few bucks.

Message 3 of 16
Anonymous
Not applicable

Re: Target Debit Card...in Escrow

So y'all not gonna let him buy a flat screen?

Message 4 of 16
Revelate
Moderator Emeritus

Re: Target Debit Card...in Escrow


@Anonymous wrote:

So y'all not gonna let him buy a flat screen?


Cat Tongue

 

Mortgage > everything else financially; the 5% discount will be available after the loan is funded and keys are in hand... it's not going anywhere.




        
Message 5 of 16
Lemmus
Established Contributor

Re: Target Debit Card...in Escrow


@Anonymous wrote:

So y'all not gonna let him buy a flat screen?


...mortgage rates going up, flat screen prices coming down ...don't buy the flat screen until after you close ...it'll be cheaper by then anyway Smiley Wink


Helpful Links: Do I Qualify? | Mortgage Calculator | USDA Mortgages | Opt Out | FICO Versions
Last HP: 11/04/15 | myFico 3B Jun 10 '15:FICO8 EQ - 752 | TU - 763 | EX - 750
Message 6 of 16
Anonymous
Not applicable

Re: Target Debit Card...in Escrow


@Anonymous wrote:

May be a silly question...I'm currently in escrow and Target is having a sale on an item I've been dying to get but didn't want to pay full price. Anyhow, if i apply for the Target Debit Card (to save an additional 5%...its not the store credit card and the funds will auto deduct from my checkings) will it create a hard inquiry? I've googled and some say yes, some say no and their website says they only need a blank check. I personally haven't done it because I'm scared it will cause a hard inquiry and mess up whatever i have going on in escrow. Any help is appreciated. Thanks!


No, don't do it.  That offer will always be there.  If not, it will come back.

Message 7 of 16
skigirl916
Established Contributor

Re: Target Debit Card...in Escrow


@Revelate wrote:

@Anonymous wrote:

So y'all not gonna let him buy a flat screen?


Cat Tongue

 

Mortgage > everything else financially; the 5% discount will be available after the loan is funded and keys are in hand... it's not going anywhere.


+a million times!

 

I could be missing out on all sorts of deals for my new house, but until the keys are in my little hands, there will be no shopping, no applying/signing up for stuff, none-a-that.

Message 8 of 16
frugalQ
Valued Contributor

Re: Target Debit Card...in Escrow

I've been losing my mind wanting to shop. So, I just go into stores and play around with stuff I want to purchase and then leave!

It's torture, but our accounts are on lock until 3/19
AmEx Green NPSL | Amex BCP 16K | Citi Simplicity 10k | Discover IT 9K | Chase Slate 7.5K | Amex Hilton HHonors Surpass 7K | Capital One QuickSilver 6K | Home Depot 5k | Chase Freedom 4.5K | LOC 2.5K
Message 9 of 16
Revelate
Moderator Emeritus

Re: Target Debit Card...in Escrow


@skigirl916 wrote:

@Revelate wrote:

@Anonymous wrote:

So y'all not gonna let him buy a flat screen?


Cat Tongue

 

Mortgage > everything else financially; the 5% discount will be available after the loan is funded and keys are in hand... it's not going anywhere.


+a million times!

 

I could be missing out on all sorts of deals for my new house, but until the keys are in my little hands, there will be no shopping, no applying/signing up for stuff, none-a-that.


Haha, well to laugh at myself a bit:

 

I've never really spent much but I've never really cared out much I spent either: when I needed (or to be fair, wanted) something I bought it... until starting this quest for a mortgage.  When I needed a new pair of shoes as an example, I went out and got one; however, now stuck with an unrepairable casual work shoe I'm torn between replacing them and rationalizing nobody really cares in my office, shabby shoes are OK for now.

 

Figured I'd have all sorts of unintended consequences in my life from getting a mortgage, but I wasn't expecting this one Smiley Happy.




        
Message 10 of 16
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.