topic Re: Target CLI Policy in Credit Cards

Target CLI Policy

junior88 — Thu, 09 Oct 2014 20:08:00 GMT

Just an FYI. I just got off the phone with them. You can request an increase now, all they ask for is your gross monthly income and then an area reviews it. She said I should be seeing a CLI no problem. I'm at $600 now.

Re: Target CLI Policy

Anonymous — Thu, 09 Oct 2014 20:13:56 GMT

I just called about this 2 days ago. The rep said that they have "monthly reviews" and you could submit your case into the review. After they review it, if you get a CLI, they'll mail you a letter and the CLI will be updated on your next statement. If they don't approve the CLI, nothing happens and we don't even get a letter. She said it wasn't so much as 'requesting an increase,' it was just updating your income (she asked for annual) if it has changed since you applied for the card.

I guess we'll see what happens! I'm at $2000 now and have no idea if they'll increase it or not. I spend way too much at Target as it is, though!

Re: Target CLI Policy

pipeguy — Thu, 09 Oct 2014 20:45:49 GMT

Target had me at $200 for 9 months no matter how much I spent - obviously not more than $200 at a time. Always PIF assoon as it posted on my account.

I have scores in the 740-750 across all CRA's and 5 figure CL's on about 50% of my cards- no lates, no negitives and no "need" for a Target card other than the 5% off each trip - basically pays the sales tax.

Closed the card, waste of my time - funny thing J. Crew was the same way would not budge over $250. If you try to to figure out "lenders" as an absolute, it never works.

Re: Target CLI Policy

tray — Thu, 09 Oct 2014 20:50:24 GMT

I think Target is full out it.... I thought when TD Bank took over it would get better, not a chance.....

Re: Target CLI Policy

FinStar — Thu, 09 Oct 2014 20:57:14 GMT

Just to add a point for those who want their accounts reviewed, AFAIK (although more folks would need to confirm once this process is effective) that any customer initiated CLIs under this review policy would result in HP.

Re: Target CLI Policy

tray — Thu, 09 Oct 2014 21:03:03 GMT

@FinStar wrote:
Just to add a point for those who want their accounts reviewed, AFAIK (although more folks would need to confirm once this process is effective) that any customer initiated CLIs under this review policy would result in HP.

+1 Not worth it, and will definitely hand out low cli's..... All I can say Target is lucky the give 5% discount for using their card....

Re: Target CLI Policy

junior88 — Thu, 09 Oct 2014 21:06:13 GMT

There was no mention of a credit pull and they didn't read the disclosure about it either. Anyway, they can try and pull my report but they are all frozen now.

Re: Target CLI Policy

FinStar — Thu, 09 Oct 2014 21:10:51 GMT

@junior88 wrote:
There was no mention of a credit pull and they didn't read the disclosure about it either. Anyway, they can try and pull my report but they are all frozen now.

It's best to always ask (whether they know or don't know it's another thing). Keep in mind, if you are requesting a CLI, it's an extension of credit so any reviews for such can constitute permissible purpose without having to tell you that up front. Updated income is also requested.

Re: Target CLI Policy

Anonymous — Thu, 09 Oct 2014 22:30:58 GMT

@junior88 wrote:
Just an FYI. I just got off the phone with them. You can request an increase now, all they ask for is your gross monthly income and then an area reviews it. She said I should be seeing a CLI no problem. I'm at $600 now.

Thank you for the update. I received a letter from the EO basically stating that "grandfathered in" customers do not qualify for CLI. In order words, you can close the old one and apply for the new one. It is interesting that they are allowing customer for CLI. I have this Target Visa Card since 1997 and the only reason I haven't closed it because is my second oldest card I have in my report.

Re: Target CLI Policy

Anonymous — Fri, 10 Oct 2014 00:27:16 GMT

Thank you for the information. I just logged into my account to check it and I was given a $500 increase without asking. I started with $300 in May and have use dit sparingly and always pay in full.

Re: Target CLI Policy

Anonymous — Fri, 10 Oct 2014 00:37:04 GMT

@FinStar wrote:
@junior88 wrote:
There was no mention of a credit pull and they didn't read the disclosure about it either. Anyway, they can try and pull my report but they are all frozen now.
It's best to always ask (whether they know or don't know it's another thing). Keep in mind, if you are requesting a CLI, it's an extension of credit so any reviews for such can constitute permissible purpose without having to tell you that up front. Updated income is also requested.

I just called REDcard again. They said there is no credit pull at all. She said that they just review updated incomes and usage/pay history... Hopefully that's true!

Re: Target CLI Policy

B335is — Fri, 10 Oct 2014 00:37:59 GMT

@Anonymous wrote:
@junior88 wrote:
Just an FYI. I just got off the phone with them. You can request an increase now, all they ask for is your gross monthly income and then an area reviews it. She said I should be seeing a CLI no problem. I'm at $600 now.
Thank you for the update. I received a letter from the EO basically stating that "grandfathered in" customers do not qualify for CLI. In order words, you can close the old one and apply for the new one. It is interesting that they are allowing customer for CLI. I have this Target Visa Card since 1997 and the only reason I haven't closed it because is my second oldest card I have in my report.

This is nuts. Well, I guess I'll keep plugging away at my $200 limit since 1998. They make Valero look generous.

Re: Target CLI Policy

masscredit — Fri, 10 Oct 2014 00:55:26 GMT

I was looking on their site for an option to request a CLI last week. I started at $3k two years ago. I wonder if it's worth trying. I had the balance up close to that in the first year. Now I only put a few hundred on it most months. It's always PIF before the statement closes each month.

Re: Target CLI Policy

B335is — Fri, 10 Oct 2014 00:57:54 GMT

@masscredit wrote:
I was looking on their site for an option to request a CLI last week. I started at $3k two years ago. I wonder if it's worth trying. I had the balance up close to that in the first year. Now I only put a few hundred on it most months. It's always PIF before the statement closes each month.

I gave up years ago. I'm convinced they pick accounts out of a hat for CLI. I'd love to have a $3k limit from them.

Re: Target CLI Policy

masscredit — Fri, 10 Oct 2014 01:00:51 GMT

I have no clue how I started with that. It was my highest CL at the time. I just stared at the girl when she told me how much it was and had to ask how much a second time to make sure. Then I danced around like Snoopy.

Re: Target CLI Policy

B335is — Fri, 10 Oct 2014 01:02:59 GMT

@masscredit wrote:
I have no clue how I started with that. It was my highest CL at the time. I just stared at the girl when she told me how much it was and had to ask how much a second time to make sure. Then I danced around like Snoopy.

Did you apply in store? They tend to give better limits at the register than online apps.

Re: Target CLI Policy

masscredit — Fri, 10 Oct 2014 01:04:25 GMT

@B335is wrote:
@masscredit wrote:
I have no clue how I started with that. It was my highest CL at the time. I just stared at the girl when she told me how much it was and had to ask how much a second time to make sure. Then I danced around like Snoopy.
Did you apply in store? They tend to give better limits at the register than online apps.

Yes. I had some shopping to do so I stopped by customer service to apply.

Re: Target CLI Policy

Anonymous — Fri, 10 Oct 2014 01:28:42 GMT

I called to cancel my Target card a couple of week ago, and the rep kept asking me why I wanted to close it. I eventually told him that with my small limit, I didn't like maxing it out every time I wanted to shop at Target. He said if you will keep the card open and give me your income, I will put in for a CLI for you. Today, I checked my account and they bumped the limit $500. Not much but I will take it.

Re: Target CLI Policy

tempusfugit123 — Fri, 10 Oct 2014 02:10:00 GMT

I spend about 2k a month a target for food supplies etc for my family and I have done so for the last 6-7 years having the card. I was one of the fortunate one's who got the bump from $200 to $500 then to $1000 maybe because of my usage but it's been stuck there for 6 years. I just called and spoke to a rep and for the first time I didn't get angry she updated my income and told me that I would get reviewed monthly. Something is better than nothing. This account is one of my oldest but its on the chopping block.

Re: Target CLI Policy

jamesdwi — Fri, 10 Oct 2014 02:15:46 GMT

@Anonymous wrote:
@FinStar wrote:
@junior88 wrote:
There was no mention of a credit pull and they didn't read the disclosure about it either. Anyway, they can try and pull my report but they are all frozen now.
It's best to always ask (whether they know or don't know it's another thing). Keep in mind, if you are requesting a CLI, it's an extension of credit so any reviews for such can constitute permissible purpose without having to tell you that up front. Updated income is also requested.
I just called REDcard again. They said there is no credit pull at all. She said that they just review updated incomes and usage/pay history... Hopefully that's true!

guess i am still locked out of CLI's since, there customer service is getting worse, and with a $200 CL, its not like I am going out of my way to shop at Target, so the card may see a $40 purchase every 2 or 3 months which is paid off the same week, who wants to use more than 30% of the CL to shop at target, the only reason it lives unshredded is the 5% discount