topic Re: Target MasterCard in Credit Cards

Target MasterCard

TiggerDat — Wed, 22 Jul 2015 11:53:11 GMT

So how many of these will be issued with a $500 limit?

Re: Target MasterCard

KneelBeforeZod — Wed, 22 Jul 2015 12:26:04 GMT

You mean $300 ;-D

I'm actually glad to see that there are sings of them bringing back a branded MasterCard. Their current RedCard Credit Card is awful and I always seem to spend more than the $300 they give people anytime I go.

I hope they do more than just the 5% off in store - they need to have a compelling interest free program like Sync does with Wallyworld or even some marginal % back rewards like the Sam's Club MasterCard.

Re: Target MasterCard

TiggerDat — Wed, 22 Jul 2015 13:01:26 GMT

The funny thing about this is that it was announced last year in about April and still hasn't yet come about.

Re: Target MasterCard

Anonymous — Wed, 22 Jul 2015 14:44:52 GMT

Those pictures have been floating around for over a year now.

Re: Target MasterCard

Anonymous — Wed, 22 Jul 2015 14:48:58 GMT

Unless you really need an additional low-limit trade line, there is little point in going for the Target credit card. The Target debit card also gives 5% off, as does the Prepaid card (best option if available in your state), and that latter two have no impact on your credit report.

Re: Target MasterCard

Anonymous — Wed, 22 Jul 2015 14:52:57 GMT

I have the debit card..Ive used it once since I got it. I'm glad I didn't app for the credit card. I guess it's just instinct to take out my credit card anyways.

Re: Target MasterCard

TiggerDat — Thu, 23 Jul 2015 00:06:10 GMT

I am beginning to think that there was no point in opening the account. After almost two years and no CLI, there seems little point in having it. If I were to need to purchase something and carry a balance, then I would have to use a different card anyway and lose the 5% on the portion I couldn't put on this card.

Wally World gives you up to 2 years at 0% interest on large purchases, so if the same item were available there then even the 5% discount wouldn't matter.

Re: Target MasterCard

kdm31091 — Thu, 23 Jul 2015 00:16:25 GMT

Agreed I see very little point in the credit card. It is notorious for tiny limits that don't grow. Besides that, you get the same exact benefits out of the debit card with no HP.

And yes that Mastercard pic has been floating around for a long time, the only thing available on their site is still the usual store card. Evidently, they decided not go forward with the Mastercard or there's a serious delay (as it has been a year+).

Re: Target MasterCard

nyancat — Thu, 23 Jul 2015 00:29:07 GMT

@kdm31091 wrote:
Agreed I see very little point in the credit card. It is notorious for tiny limits that don't grow. Besides that, you get the same exact benefits out of the debit card with no HP.

And yes that Mastercard pic has been floating around for a long time, the only thing available on their site is still the usual store card. Evidently, they decided not go forward with the Mastercard or there's a serious delay (as it has been a year+).

Serious delay. Launching Aug 17 last I heard. Initially, it'll probably only be for people who currently have the Visa card, but I have no hard facts on if they'll take new sign-ups or not... that's only speculation.

Re: Target MasterCard

TiggerDat — Thu, 23 Jul 2015 00:29:25 GMT

@kdm31091 wrote:
Agreed I see very little point in the credit card. It is notorious for tiny limits that don't grow. Besides that, you get the same exact benefits out of the debit card with no HP.

And yes that Mastercard pic has been floating around for a long time, the only thing available on their site is still the usual store card. Evidently, they decided not go forward with the Mastercard or there's a serious delay (as it has been a year+).

Yeah, it has been a long time, maybe there was a delay because of the data breach?......

Re: Target MasterCard

nyancat — Thu, 23 Jul 2015 00:31:43 GMT

@TiggerDat wrote:
@kdm31091 wrote:
Agreed I see very little point in the credit card. It is notorious for tiny limits that don't grow. Besides that, you get the same exact benefits out of the debit card with no HP.

And yes that Mastercard pic has been floating around for a long time, the only thing available on their site is still the usual store card. Evidently, they decided not go forward with the Mastercard or there's a serious delay (as it has been a year+).
Yeah, it has been a long time, maybe there was a delay because of the data breach?......

No, it's the opposite, they only even announced it because of the data breach. TBH, I imagine the delayed date of Aug 17 is more in line with original plans but to save face after the data breach they announced it far too early, and their POS team didn't manage to keep up. As the store cards will not have a magnetic stripe (or at least, a functional one), every Target has to be chip enabled before the store cards can be issued. As for the MasterCard, which will obviously still have a magstripe for MasterCard - no idea why that one hasn't came out yet, except they probably want to launch all three at the same time.

Re: Target MasterCard

TiggerDat — Thu, 23 Jul 2015 00:36:17 GMT

@nyancat wrote:
@kdm31091 wrote:
Agreed I see very little point in the credit card. It is notorious for tiny limits that don't grow. Besides that, you get the same exact benefits out of the debit card with no HP.

And yes that Mastercard pic has been floating around for a long time, the only thing available on their site is still the usual store card. Evidently, they decided not go forward with the Mastercard or there's a serious delay (as it has been a year+).
Serious delay. Launching Aug 17 last I heard. Initially, it'll probably only be for people who currently have the Visa card, but I have no hard facts on if they'll take new sign-ups or not... that's only speculation.

That date is fast approaching. I do imagine the Visa cardholders would be the first to get them. Then followed by those who have a CL which is higher. And then the remaining 98% of us based on usage and length of account.

Maybe that is also when we will see CLIs happen? After all why give a MC to someone with a $300 limit....?.....

Re: Target MasterCard

Anonymous — Thu, 23 Jul 2015 00:40:10 GMT

@TiggerDat wrote:
@nyancat wrote:
@kdm31091 wrote:
Agreed I see very little point in the credit card. It is notorious for tiny limits that don't grow. Besides that, you get the same exact benefits out of the debit card with no HP.

And yes that Mastercard pic has been floating around for a long time, the only thing available on their site is still the usual store card. Evidently, they decided not go forward with the Mastercard or there's a serious delay (as it has been a year+).
Serious delay. Launching Aug 17 last I heard. Initially, it'll probably only be for people who currently have the Visa card, but I have no hard facts on if they'll take new sign-ups or not... that's only speculation.
That date is fast approaching. I do imagine the Visa cardholders would be the first to get them. Then followed by those who have a CL which is higher. And then the remaining 98% of us based on usage and length of account.

Maybe that is also when we will see CLIs happen? After all why give a MC to someone with a $300 limit....?.....

Because CapitalOne does.

Re: Target MasterCard

SunriseEarth — Thu, 23 Jul 2015 00:45:02 GMT

I haven't heard much discussion on whether new Target MCs would be offered. They may just be a legacy item for the current Visa cardholders, but maybe not. The store card shows on the CRs as "credit card" (like every other major CC) instead of "Charge card" (store cards), so if that reporting stays as is, I can't say I'd benefit anymore by having a Target MC.

Target is my lowest CL at $1000. However, since I typically don't spend more than $100 a month at Target, I'm happy with it. While the perks are similar to the debit card, you also have the benefits of a credit product (no direct links of purchases to your bank accounts, deferred payments, etc) combined with those perks. It's not for everyone, so one should consider all factors before getting it.

Re: Target MasterCard

TiggerDat — Thu, 23 Jul 2015 01:11:03 GMT

@Anonymous wrote:
@TiggerDat wrote:
@nyancat wrote:
@kdm31091 wrote:
Agreed I see very little point in the credit card. It is notorious for tiny limits that don't grow. Besides that, you get the same exact benefits out of the debit card with no HP.

And yes that Mastercard pic has been floating around for a long time, the only thing available on their site is still the usual store card. Evidently, they decided not go forward with the Mastercard or there's a serious delay (as it has been a year+).
Serious delay. Launching Aug 17 last I heard. Initially, it'll probably only be for people who currently have the Visa card, but I have no hard facts on if they'll take new sign-ups or not... that's only speculation.
That date is fast approaching. I do imagine the Visa cardholders would be the first to get them. Then followed by those who have a CL which is higher. And then the remaining 98% of us based on usage and length of account.

Maybe that is also when we will see CLIs happen? After all why give a MC to someone with a $300 limit....?.....
Because CapitalOne does.

+1 I should have known that comment wouldn't be too far behind.

Re: Target MasterCard

toi34 — Thu, 23 Jul 2015 01:25:43 GMT

@kdm31091 wrote:
Agreed I see very little point in the credit card. It is notorious for tiny limits that don't grow. Besides that, you get the same exact benefits out of the debit card with no HP.

And yes that Mastercard pic has been floating around for a long time, the only thing available on their site is still the usual store card. Evidently, they decided not go forward with the Mastercard or there's a serious delay (as it has been a year+).

Like another poster said, they are getting better. I applied for the card 9 months ago and was given an intial CL of $300, but I have had 2 CLI since then....my limit is now $1300 and I've only used the card twice. I hope I get upgraded to the MC.

Re: Target MasterCard

kdm31091 — Thu, 23 Jul 2015 01:26:52 GMT

Good to hear they are giving out better limits for some people. Although I already have the debit and see no real pressing need to apply for the credit.

If they come out with a good Mastercard that offers benefits for shopping outside of Target that are compelling, maybe. But the store credit card doesn't offer any significant enough advantages for me vs the debit.

Re: Target MasterCard

Anonymous — Thu, 23 Jul 2015 01:42:08 GMT

maybe this is why they little lien on the site about updating info to be considered for CLI. I got a $500 CLI after updating info... $800 to $1300. Oooh. I hadn't seen/heard about the switch from V to MC. DH is still confused as to why I don't want him using the Target card anymore. (Easier to keep track on SM).

Re: Target MasterCard

Anonymous — Thu, 23 Jul 2015 01:43:05 GMT

Lien= line

Re: Target MasterCard

Ron1 — Thu, 23 Jul 2015 01:43:08 GMT

@nyancat wrote:
@kdm31091 wrote:
Agreed I see very little point in the credit card. It is notorious for tiny limits that don't grow. Besides that, you get the same exact benefits out of the debit card with no HP.

And yes that Mastercard pic has been floating around for a long time, the only thing available on their site is still the usual store card. Evidently, they decided not go forward with the Mastercard or there's a serious delay (as it has been a year+).
Serious delay. Launching Aug 17 last I heard. Initially, it'll probably only be for people who currently have the Visa card, but I have no hard facts on if they'll take new sign-ups or not... that's only speculation.

I still haven't received any mailing for Target MC. I still have the same old Target Visa.

Ron.