topic Re: Target CLI question ... in Credit Card Applications

Target CLI question ...

britt585 — Wed, 29 Dec 2021 16:27:17 GMT

Hi so I've had my target card since 11/2019 CL $300. NO CLI this whole time. Zero lates. I did have a couple return payments due to me entering wrong account number. I quickly fixed the error. I spend alot in target. I've tried everything paying in full, carrying a blance, updating my income. I'm just over it. My family loves target however this limit does nothing for us. Should I close this card and reapply...ughhhhhh...Can someone chime in thanks.

Re: Target CLI question ...

Trini88 — Wed, 29 Dec 2021 16:34:34 GMT

Can u say it again. My Target card is one of my most used card, I spend between $500 to $600 monthly and it's still sitting at $300 after 6 months 😒. I can't even get rid of it because I USE IT ALOT 😆

But your situation is different. I'd be livid after 2 years 🙄. Had I only known Target didn't have a cli button 😣

Re: Target CLI question ...

britt585 — Wed, 29 Dec 2021 16:43:51 GMT

omg..I hope you get an increase soon. That's so weird you're not able to request CLI. It's one of my oldest cards. ugghhh

Re: Target CLI question ...

SUPERSQUID — Wed, 29 Dec 2021 17:29:15 GMT

I love the red card, i use it a ton. in 14 months i managed to pry 2 cli's from them {td bank}.

300 - 500 at 8 months by updating my income

500 - 700 at 14 months by updating my income

I only pif once. i usually carry a balance of 10 - 40 percent

Re: Target CLI question ...

britt585 — Wed, 29 Dec 2021 17:41:56 GMT

thanks.. its been 2 yrs nothing. I think I'm just going to put in the sock drawer...that's going to hurt ...We love target ....

Re: Target CLI question ...

coldfusion — Wed, 29 Dec 2021 18:38:43 GMT

@britt585 wrote:
Hi so I've had my target card since 11/2019 CL $300. NO CLI this whole time. Zero lates. I did have a couple return payments due to me entering wrong account number. I quickly fixed the error. I spend alot in target. I've tried everything paying in full, carrying a blance, updating my income. I'm just over it. My family loves target however this limit does nothing for us. Should I close this card and reapply...ughhhhhh...Can someone chime in thanks.

There's your problem.

Having a single returned payment due to an error on your part will put you in CLI timeout for a period of time with just about every issuer. With some of them a repeat occurence will automatically trigger an account closure due to an unsatisfactory relationship. Even though in your case you quickly recognized and corrected the error both times they would still see them as showing a lack of discipline on your part.

The problem is tracked with you individually and not just the account so trying to sidestep it by closing the current account and reapplying wouldn't work and in fact you would risk being denied when reapplying.

Re: Target CLI question ...

OmarGB9 — Thu, 30 Dec 2021 00:04:27 GMT

@coldfusion wrote:
@britt585 wrote:
Hi so I've had my target card since 11/2019 CL $300. NO CLI this whole time. Zero lates. I did have a couple return payments due to me entering wrong account number. I quickly fixed the error. I spend alot in target. I've tried everything paying in full, carrying a blance, updating my income. I'm just over it. My family loves target however this limit does nothing for us. Should I close this card and reapply...ughhhhhh...Can someone chime in thanks.
There's your problem.

Having a single returned payment due to an error on your part will put you in CLI timeout for a period of time with just about every issuer. With some of them a repeat occurence will automatically trigger an account closure due to an unsatisfactory relationship. Even though in your case you quickly recognized and corrected the error both times they would still see them as showing a lack of discipline on your part.

The problem is tracked with you individually and not just the account so trying to sidestep it by closing the current account and reapplying wouldn't work and in fact you would risk being denied when reapplying.

I was about to say the same thing. Returned payments are just as bad, if not worse, than late payments. That'll do you in with ANY lender, not just TD Bank.

Re: Target CLI question ...

NoMoreE46 — Sat, 01 Jan 2022 17:58:11 GMT

I see your frustration but there's not an advantage to close it and reapplying imho.

When I first had the card, we would take advantage of the 5% off the bill and then head to the CS counter with a bank check in hand to pay that bill from 5 seconds ago. This card is a long game.

Here is history from my initial years:

Apr 2014 $500

Oct 2014 $1000
Aug 2016 $1400

Jun 2017 $4000 & MC upgrade.

Keep at it.

Re: Target CLI question ...

britt585 — Thu, 30 Dec 2021 01:30:45 GMT

thanks for your input. I am still left unsure what to do.

Re: Target CLI question ...

rgd51 — Thu, 30 Dec 2021 06:52:50 GMT

@britt585 wrote:
thanks for your input. I am still left unsure what to do.

I have had the card for 6 years now. Started with a $300 CLI like you and since mine has grown to $8,000. I have never carried a balance and always PIF. You can't ask for a CLI, it is completely up to them when and if they give it to you.

Honestly I wouldn't get worked up about this since they have a red card debit card that gives the same 5% off at the register and you don't have to do an HP and get hit with a new account when getting it. Had I known of the debit card's existence I wouldn't have gotten the credit card. Now that it has a large CL and is my oldest open account and I do a lot of shopping at target I will keep mine open for those reasons.

Re: Target CLI question ...

disdreamin — Sat, 01 Jan 2022 17:26:15 GMT

I've had my Target RedCard since 2011, and I started with a $3k limit which has slooooooowly grow to $4.6k. I've never had an offer for conversion extended, and no large CLI's. I've run thousands through the card some months (highest posted bill was ~$2500), but my typical monthly spend is probably in the $200-300 range. I just ignore that and use the card for the 5% discount - that's the only reason I got/have the card and I wouldn't give that up even if it required mutiple payments per month to fully utilize the card.

Re: Target CLI question ...

SUPERSQUID — Sat, 01 Jan 2022 21:18:46 GMT

@disdreamin wrote:
I've had my Target RedCard since 2011, and I started with a $3k limit which has slooooooowly grow to $4.6k. I've never had an offer for conversion extended, and no large CLI's. I've run thousands through the card some months (highest posted bill was ~$2500), but my typical monthly spend is probably in the $200-300 range. I just ignore that and use the card for the 5% discount - that's the only reason I got/have the card and I wouldn't give that up even if it required mutiple payments per month to fully utilize the card.

If you havent yet, try updating your income, its supposed to automatically trigger a review.

Re: Target CLI question ...

disdreamin — Sat, 01 Jan 2022 22:22:12 GMT

@SUPERSQUID wrote:
If you havent yet, try updating your income, its supposed to automatically trigger a review.

I've tried that, but it hasn't budged. I think current is about 2x what it was when I was approved and still nothing. It's fine, what I have is sufficient as long as I pay it every two weeks when I get paid, otherwise the utilization would be icky.

Re: Target CLI question ...

Anonymous — Sat, 01 Jan 2022 23:03:06 GMT

My Target card was upgraded many years ago when it was Target National Bank, I went from a red card to the red Mastercard with a CL of $9,000 . Since it has gone to TD Bank I have never received a CLI. I am fine with it where it sits but I did try to update income every now and then. But nothing. I still use the card monthly at Target for the discount.

What I do not understand is the fact that I have other TD Bank Visa cards. I have the new double card as well. They have issued me CLI's on the TD cards but never any amount that is worth doing a HP over. I also have a checking and savings account at TD Bank. They do not treat the Target cards the same way they treat their own TD Visa cards, with the TD Visa cards you can call in for a CLI, so what can I say?

Thanks

Mark

Re: Target CLI question ...

rgd51 — Sun, 02 Jan 2022 00:16:19 GMT

Earlier in this thread I wrote that I have an 8k CL but today it got randomly increased to $8,500. As stated earlier I keep it open because of the large CL and it being my oldest open card (my 1st credit card was a bucketed cap 1 that I closes since I was tired of dealing with cap 1s games). Otherwise I would advise people to get the red card debit card instead to get that same 5% discount without having to do an HP and get hit with a new account. Only advantage the credit card has over the debit card is that you can carry a balance. I have the mastercard version but the rewards for spending not at target aren't great so I only use it at target.

Re: Target CLI question ...

GApeachy — Sun, 02 Jan 2022 00:51:49 GMT

@britt585 wrote:
I think I'm just going to put in the sock drawer...that's going to hurt ...We love target ....

No need in punishing yourself. 👎

Use it to your benefit and benefit from it's 2 year history and then some.

It still has way more potential than the beloved Kohl's card that will never convert to a cc or go over a $3k(?) limit. So just use it to your advantage, enjoy the 5% discount, update income periodically and benefit from an aging acct. that has some "potential".…........in the future.🤷

Hey some potential is better than none, right?!? 👍 ....and you love Target. One day, just one day.....be hopeful.

Re: Target CLI question ...

bbeaver2013 — Mon, 03 Jan 2022 20:55:32 GMT

I got my target card in September 2020 and use frequently and still stuck at 300. I called a few days ago to close it but the rep said she could put in a request for a limit increase. No increase yet I'll give it till end of week if not I'll close it. Good luck on yours hope you get it increased.