topic Re: Target RedCard CLI's and CLD's in Credit Card Applications

Target RedCard CLI's and CLD's

Anonymous — Sat, 24 Oct 2020 01:11:17 GMT

Hey all,

I have searched the forums and noticed there have been very few CLI posts about the Target RedCard in the last few months.

I also noticed there were a few CLD's on one post sometime around August.

While I understand this is a YMMV situation and I have read MANY posts about Target CLI's, I was wondering what your experience has been with either CLI's or CLD's since the summer?

My 5th statement closes on the 28th and I am not on the 4 month CLI train, obviously. My profile has greatly improved so I am curious as to what will happen on my 5th and 6th statement cut, if anything.

Again, YMMV, but where are all the RedCard holders hiding? Come out, wherever you are. Shoot some DP's during this global pandemic.

My DP's, I put about $400 a month spend through it monthly and I pay it twice- once to get more available credit, and once to PIF before statement cut. I have let a balance report on two of my four statements just to see if it had any affect, which is still not proven as many get auto CLI's without ever letting a balance post. They did a SP on one of my credit reports back in August, but nothing since and I don't even remember which report the did the SP on at this point.

Re: Target RedCard CLI's and CLD's

FinStar — Sat, 24 Oct 2020 01:19:32 GMT

As part of your regimen, are you also updating your income within your account profile on a monthly basis?

Echoing what you mentioned, results will definitely vary for everyone so all you can do is monitor things periodically; because even so, not much may happen in 6 months or perhaps they can suprise you 🤷

Re: Target RedCard CLI's and CLD's

Anonymous — Sat, 24 Oct 2020 01:40:05 GMT

@FinStar wrote:
As part of your regimen, are you also updating your income within your account profile on a monthly basis?

Echoing what you mentioned, results will definitely vary for everyone so all you can do is monitor things periodically; because even so, not much may happen in 6 months or perhaps they can suprise you 🤷

I update my income about a week after every statement cut. Considering the pandemic, I feel as though activity with TD Bank for this specific card has slowed down tremendously. I am patient. I don't plan to carry a balance even if I had a nice limit. I just don't like having to pay it multiple times a month to use it for my monthly spend.

Re: Target RedCard CLI's and CLD's

Guyatthebeach — Sat, 24 Oct 2020 03:22:26 GMT

Vcm726,

I was on of those that got CLI's when TD Bank wanted me to have them. After including my Target Visa in my chapter 7 bankruptcy in 2011, after a year or so later Target approved a store card with a toy limit. I used it twice a month and made sure the statement closed with a 10% balance. Then I paid to 0 the day after the statement cut.

I believe I got my first CLI when the 6th or 7th statement closed. I would update my income once a year when it changed. I would only include my base salary, and exclude my bonus. Over a couple of years, it grew to $4k. Two years ago, I a CLI to 6k and upgraded to the MC version. It's been stuck at $6k since. I'm content right where it is now.

Hang in there. It will grow.

Guyatthebeach

Re: Target RedCard CLI's and CLD's

Andypanda — Fri, 30 Oct 2020 00:14:23 GMT

I've had my target RC since May 2018, and am still at my initial $300. No baddies on my report, just been a bit trigger happy applying for new cards, and only got into the game in 2018, so i have a young AAoA.

Re: Target RedCard CLI's and CLD's

Anonymous — Sat, 24 Oct 2020 05:14:49 GMT

I have the MC version. It was upgraded almost a year ago from a CL of $2800 to 5k. It's been almost a year and no cli increases since. I usually leave a reported 100-200 balance each month but I recently paid it in full and intend to keep it that way. I used to update the income monthly but I stopped doing that for months now as I'm content with the 5k limit.

Re: Target RedCard CLI's and CLD's

Anonymous — Sat, 24 Oct 2020 08:46:29 GMT

My card is six years old. Was $300 for the first three, then I was on the train getting increases every 3-4 months. The last one I got took me to $3700, right before Black Friday last year. Since then, nothing, despite monthly income updates, PIF, carry a balance until statement cut, no spend, lots of spend, whatever. I've tried a lot of different strategies to no avail, and between my last CLI and now, my profile has improved drastically. So now I have said screw it, it'll happen if and when it happens, and I'm letting it report naturally and whatever happens can happen.

Re: Target RedCard CLI's and CLD's

Anonymous — Sat, 24 Oct 2020 11:53:01 GMT

I started in 2010 with a $2000 limit, when I applied.

In 2014, limit was increased to $2800.

Nothing since then.

I update income every month, pay full balance on auto pay, spend maybe $40 monthly, and sometimes higher.

No MC upgrade either.

Re: Target RedCard CLI's and CLD's

Anonymous — Sat, 24 Oct 2020 12:07:32 GMT

I went form $300 to $800 back in Nov after only having the card for a few moths. Nothing sense.

Right before the holidays seems suspcious. I'll laugh if it happens again.

Re: Target RedCard CLI's and CLD's

Anonymous — Sat, 24 Oct 2020 12:25:24 GMT

@Anonymous wrote:
I went form $300 to $800 back in Nov after only having the card for a few moths. Nothing sense.

Right before the holidays seems suspcious. I'll laugh if it happens again.

That was my thought last year. I went from $2100 to $2900 in maybe March 2019 (I honestly don't recall), and then nothing until the holiday shopping season was set to kick off and suddenly an $800 increase to $3700. I'm definitely watching to see if it happens again this year.

EDIT - just checked my notes. I got boosted to $2900 on 11/27/2018, then $3700 on 11/26/2019. It appears the holiday train is real.

Re: Target RedCard CLI's and CLD's

K-in-Boston — Sat, 24 Oct 2020 15:08:06 GMT

The short version is that I spend $200-600 on mine every month, pay in full and update income to the same number out of habit when I schedule the payment, and stopped receiving what had become a CLI every June and December after my last CLI in June 2019.

Long version is I opened the store card in 2002 with a CL of $1200, when it changed issuers and upgraded to a Visa card around 2005 they gave me a CLD to $800 and it sat there until 2016, through another issuer and then to TD Bank who changed it from a Visa to a MasterCard. I finally received a $500 CLI in June 2016. That was followed by $1000 CLIs in December 2016, June 2017, and December 2017. Then I received $2000 CLIs in June 2018, December 2018, and June 2019 - then it stopped. $10,300 is ample for the amount of spend I put on it and much better than the $800 it was at for so many years, but it's still strange that they suddenly just dried up.

Re: Target RedCard CLI's and CLD's

Anonymous — Thu, 29 Oct 2020 23:42:28 GMT

Thanks for all the feedback guys. I will say, statement 5 closed yesterday on the 28th. I put about $440 through it and had to make a payment mid cycle to clear up some available credit. I let $71 post to the statement balance. However, today being day 1 of the new billing cycle- no CLI. Still at $300 and no holiday increase leading up to Black Friday deals which would benefit my teen greatly.

Maybe month 6! But until we are through this global pandemic, I expect nothing and that is okay. 😄

Re: Target RedCard CLI's and CLD's

MeN5 — Fri, 30 Oct 2020 17:00:52 GMT

When I spoke to a supervisor she advised me they are not currently increasing limits due to the pandemic and she's not aware when they will start again

Re: Target RedCard CLI's and CLD's

Anonymous — Fri, 30 Oct 2020 17:59:41 GMT

@MeN5 wrote:
When I spoke to a supervisor she advised me they are not currently increasing limits due to the pandemic and she's not aware when they will start again

That's good information to have. THanks for sharing!

Re: Target RedCard CLI's and CLD's

Physh1 — Fri, 30 Oct 2020 18:33:07 GMT

I've got the MC with a 13k limit. Was getting regular bumps (either 2k or 3k...sorry can't remember) every 6 statements. Nothing since the pandemic. I don't need or expect more but TD was quick to slow the cli's early this year.

Re: Target RedCard CLI's and CLD's

Pap_32 — Fri, 30 Oct 2020 20:19:37 GMT

@MeN5 wrote:
When I spoke to a supervisor she advised me they are not currently increasing limits due to the pandemic and she's not aware when they will start again

@Anonymous

Hey guys just wanted to share some information. I was helping my DM with her bills budget for this next month and looked at target and just saw that they gave her a 500 dollar increase on her target MasterCard. So hope this info helps some of you that are hoping for an increase.

As for usage not much she has Netflix on there and theses last couple of months used it at target her last statement was 79.xx and payed the current balance on the card last week Which was 89.xx on her 2300 limit. Statement closed 10/28/2020 and new limit is 2800. Did notice last week when she logged in to pay her bill it prompted her to update income info which hasn't changed but from what I've read here to update it regardless with the the same income for hopes of an increase and I guess it help.

Re: Target RedCard CLI's and CLD's

Pap_32 — Fri, 30 Oct 2020 20:32:22 GMT

@Anonymous wrote:
@MeN5 wrote:
When I spoke to a supervisor she advised me they are not currently increasing limits due to the pandemic and she's not aware when they will start again
That's good information to have. THanks for sharing!

My DM just got an 500 increase her statement closed 10/28/20. Last week when she signed in to pay her bill it asked her to update income info nothing changed but updated it with same amount for a chance of an increase guesses if worked out lol. So there still hope. Checked her last increase was March of this year.

Re: Target RedCard CLI's and CLD's

NoMoreE46 — Fri, 30 Oct 2020 22:26:53 GMT

@K-in-Boston wrote:
The short version is that I spend $200-600 on mine every month, pay in full and update income to the same number out of habit when I schedule the payment, and stopped receiving what had become a CLI every June and December after my last CLI in June 2019.

Long version is I opened the store card in 2002 with a CL of $1200, when it changed issuers and upgraded to a Visa card around 2005 they gave me a CLD to $800 and it sat there until 2016, through another issuer and then to TD Bank who changed it from a Visa to a MasterCard. I finally received a $500 CLI in June 2016. That was followed by $1000 CLIs in December 2016, June 2017, and December 2017. Then I received $2000 CLIs in June 2018, December 2018, and June 2019 - then it stopped. $10,300 is ample for the amount of spend I put on it and much better than the $800 it was at for so many years, but it's still strange that they suddenly just dried up.

@Anonymous

Like @K-in-Boston, mine were every 6 months but stopped in Dec 2019.

Got my RedCard Apr 2014 with a SL of $400.

Here's my history:

Jun 2017 $4000+ MC upgrade

Dec 2017 $5000

Jun 2018 $7000

Dec 2018 $9000

Jun 2019 $11000

Dec 2019 $13000

Re: Target RedCard CLI's and CLD's

Anonymous — Fri, 30 Oct 2020 23:12:01 GMT

@NoMoreE46 thanks for the DPs! I'm not credit worthy enough for the MasterCard anytime soon, but maybe someday. I put a lot of spend in that place at this time in my life.

Re: Target RedCard CLI's and CLD's

coreyb80 — Sat, 31 Oct 2020 00:59:01 GMT

I've had my card since 10/2018 and a SL of $300. I'm now @ $2200 with my last increase that came in April of this year. Hoping they'll upgrade me to the Mastercard in the next year or 2. I love using my Target card.