topic Re: Target Redcard CLI Point of Reference in Credit Card Applications

Target Redcard CLI Point of Reference

Anonymous — Wed, 12 Oct 2016 06:25:32 GMT

So I was approved for a Target Redcard $300 SL the first week of September. After going through multiple threads on here I've come to realize CLI with them are pretty hard to come by.

I updated my income information today to include my fiancée's as are the guidelines most card issuers give when giving income info especially because we bank together and live together.

So I'm setting up this thread as a point of reference for when I get my CLI with them, how much my CLI is, questions they have of you have as well. I'm guessing at the 3-5 month mark I'll get one (probably just to $500 from my SL of $300 but it's better than nothing, we'll see!

Re: Target Redcard CLI Point of Reference

Anonymous — Wed, 12 Oct 2016 17:04:46 GMT

Don't have the card but all the best in your quest for a CLI. I read they are stingy but you never know. Enjoy the card.

Re: Target Redcard CLI Point of Reference

Anonymous — Wed, 12 Oct 2016 21:20:35 GMT

Good luck! I just got approved for the card last month with a sl of $500. I'm hoping they'll show me a bit of love for the upcoming holiday season.

Re: Target Redcard CLI Point of Reference

Anonymous — Tue, 18 Oct 2016 02:33:35 GMT

My auto CLI took just under 1 year . It increased by $500. Congrats on your approval!

Re: Target Redcard CLI Point of Reference

Anonymous — Tue, 18 Oct 2016 02:47:38 GMT

I read they want balances to report for CLI. That leaves me OUT LOL.

Re: Target Redcard CLI Point of Reference

Aduke1122 — Tue, 18 Oct 2016 04:16:27 GMT

Yes I have heard several members say they never got a CLI until they almost maxed out card and let a balance report .

Re: Target Redcard CLI Point of Reference

Anonymous — Tue, 18 Oct 2016 07:11:59 GMT

They actually made me report a balance what I do every time is make a purchase then PIF at the customer service desk.

But I did this last month and even though I paid in full with cash it took them 2 days to process it (even though the purchase was processed that same day) Smh because it caused me to report 33% UT opposed to 0%. I don't see why if you make the purchase that day and PIF that day it can't all be processed together. Similar thing happened with Kohl's.

Re: Target Redcard CLI Point of Reference

Anonymous — Tue, 18 Oct 2016 14:27:17 GMT

Pay your target Bill like you have never heard of myfico, that is when it is due. Report 4 or more months out of the year. Mine didn't wake up until I started using it again. Every other month or so theyve a decent deal on TP, TIDE, pet food, sometimes all at once with $5 gift cards included. Roll those into the next purchase.

Re: Target Redcard CLI Point of Reference

Anonymous — Tue, 18 Oct 2016 14:33:15 GMT

I let my other card report I prefer not to let Target or Kohl'a run a balance just in case because they have 25% APR

Re: Target Redcard CLI Point of Reference

securingourfuture — Tue, 18 Oct 2016 14:40:44 GMT

I was approved in June for $300 card. It was increased on yesterday's statement (4th). I let 10%-33% utilization post each month. On this statement, my limit is $800 with $704 available.

Re: Target Redcard CLI Point of Reference

Aduke1122 — Tue, 18 Oct 2016 17:13:55 GMT

I don't blame you I was just saying if worse comes to worse and you can't get any CLI you may have to let a balance report. I read another thread the other day where someone has had the card for 2 years without any CLI , they let a balance report and bam CLI once the statement cut.

Re: Target Redcard CLI Point of Reference

manyquestions — Tue, 18 Oct 2016 21:06:06 GMT

Yup. I had it for years and was stuck at a $200 credit limit because I always paid before the statement cut. After reading of others success, I started letting it report each month before paying in full and now I am getting CLI every few months.

Re: Target Redcard CLI Point of Reference

Anonymous — Wed, 19 Oct 2016 03:48:45 GMT

Maybe after the 3 or 6 month mark I'll let it report they definitely aren't giving any CLI's sooner than that.

Re: Target Redcard CLI Point of Reference

manyquestions — Wed, 19 Oct 2016 06:23:09 GMT

@Anonymous wrote:
I let my other card report I prefer not to let Target or Kohl'a run a balance just in case because they have 25% APR

You won't pay any interest if you pay the previous statement balance before the due date. We aren't talking about carrying a balance, we are referring to letting the statement cut before paying the balance in full. You can pay most off it off like you are doing now, but let a couple dollars report on the statement each month. I have paid zero interest since I began letting the balance report monthly before paying it off.

Re: Target Redcard CLI Point of Reference

fltireguy — Wed, 19 Oct 2016 13:40:11 GMT

@Anonymous wrote:
I let my other card report I prefer not to let Target or Kohl'a run a balance just in case because they have 25% APR

It doesnt matter if the APR is 432% - pay it in full by the due date, and there wont be any finance charges due

Re: Target Redcard CLI Point of Reference

Anonymous — Wed, 19 Oct 2016 14:24:17 GMT

Well for DH, I'm AU on it, the first CLI was without a balance reporting, didn't get anymore increases after that because we PIF before the statement closes. However I tested the letting a balance report and bam CLI the same day the new statement generated. We PIF'd that one over two payments before the due date, cost me $3 in trailing interest. Quoted as a minimum interest charge. And guess what. They reported that $3 to the CRAs lol. I didn't even realize it until Fico sent DH an alert that said Retail Trades on TU was $3. Checked accounts and sure enough Target cut the new statement for $3. Now the card is at $1200. I'm letting half of a $200 balance report on the 3rd (closing date) to see if another CLI happens, if not, no more balance reporting since they like trailing interest.

I think they get a bit loose if you let them have some interest lol

Re: Target Redcard CLI Point of Reference

Anonymous — Fri, 21 Oct 2016 22:22:06 GMT

On the flip-side I have actually done pretty well with CLIs on my Target card. Started at $300 in 5/2015 and got a CLI to $2600 this month via 5 CLIs.

Check out my thread here.