topic Re: Target CLI Theory May Have some Truth in Credit Cards

Target CLI Theory May Have some Truth

Anonymous — Fri, 04 Nov 2016 05:54:30 GMT

It looks like they are relaxing with balances carried. This makes the 2nd month in a row, a small balance reported and each time the statement shows a CLI on DH card. This here is interesting...

Re: Target CLI Theory May Have some Truth

Anonymous — Fri, 04 Nov 2016 06:23:34 GMT

I had a small balance report last month and no CLI. I did not update my income that month though, so that likely was the reason. My statement closes on the 5th, and I have $325 on my card and I updated my income. Will see if they give a CLI.

Re: Target CLI Theory May Have some Truth

MrsCHX — Fri, 04 Nov 2016 16:26:47 GMT

I got my RedCard in February and have carried a balance for months. Was at 85% util the last time when it went from $800 to $1300.

I think accounts in good standing are now on a consistent increase schedule regardless of spend / balances. Now, the amount of increase and time between increases may depend on those things, I'm not sure.

My SL was $300 in February. In June I went to $800 and in September I went to $1300

Re: Target CLI Theory May Have some Truth

Anonymous — Fri, 04 Nov 2016 18:12:46 GMT

Good Luck, how long have you had the card?

Re: Target CLI Theory May Have some Truth

Anonymous — Fri, 04 Nov 2016 18:16:42 GMT

That was the schedule for the first 3 CLIs when the card was in it's first year. Same pattern as yours. DHs card is right at a year and a half now. Your increases look like a lot more than his were, but usually we PIF each month. I was testing on letting the balance post and report at the time the statement cut. So far two CLIs have come out of it. Ultimately it's his lowest card now and had been for so long now sitting at $1.7k outside of a gas card at $1.5k. Target Bank/TD Bank have always been rather conservativ IMO.

Re: Target CLI Theory May Have some Truth

gdale6 — Sat, 05 Nov 2016 16:04:51 GMT

Better served in CCs Moving

Re: Target CLI Theory May Have some Truth

washpadude — Fri, 11 Nov 2016 13:37:34 GMT

My starting CL was 300 in February. My 9th statement cut today and I got an increase to 800. I normally PIF before the statement cuts, but let the balance report this time. Who knows which factor resulted in the increase.

Re: Target CLI Theory May Have some Truth

securingourfuture — Thu, 17 Nov 2016 16:52:27 GMT

I let my balances post from now on. When I got a CLI in October from $300 to $800, I let $96 post. Right now, I am at $270 and I updated my income this month. My statement cuts tomorrow, so we'll see. I saved about $50 while shopping on Sunday using my card and Cartwheel, so I will definitely be showing my face there more often.

I think they have some computer logarithm they use to grant CLIs. Talking to people there seems to do nothing.

Re: Target CLI Theory May Have some Truth

MrsCHX — Thu, 22 Dec 2016 14:18:43 GMT

I just got another CLI with like 90% util. It's been every 3 months for me, consistently, regardless of usage and balances and utilization.

Re: Target CLI Theory May Have some Truth

Anonymous — Thu, 22 Dec 2016 16:52:35 GMT

I like 50 bucks report of my target every month on purpose

Re: Target CLI Theory May Have some Truth

Anonymous — Thu, 22 Dec 2016 16:53:52 GMT

using it more trick did not do anything for me like changing my income and changing it back a few times

Re: Target CLI Theory May Have some Truth

rooeez — Thu, 22 Dec 2016 17:02:40 GMT

What is considered a "high" CL for the Target card? I've read through the forums of the meagar SL so I never bothered with it. We do go quite a bit because it's so close and I finally was worn down and app'd and got a SL of $2k. Thought that was decent for the card but wondered what's the highest people have heard? I just had my first statement cut and have been letting the balance post to see if any CLI's are to be had.

Re: Target CLI Theory May Have some Truth

shmacckk — Thu, 22 Dec 2016 17:28:54 GMT

Mine just went from 2500 to 3500. I use it a ton though but I never let balances post.

Re: Target CLI Theory May Have some Truth

K-in-Boston — Thu, 22 Dec 2016 19:27:22 GMT

I think TD Bank is finally just giving out CLIs, and the data points are all over the place. Mine was opened in 2002 (can't remember who the original issuer was) with a $1200 SL when I had a very thin file. It changed to a Visa at some point soon after, then it became a Target Bank card around 2005 or so and I randomly had a CLD to $800 (no other AA on any of my other accounts, I have never been late on any credit accounts, FICO scores always in lower 700s). It changed from Visa to MasterCard at some point and from Target Bank to TD Bank, also. I just always assumed this would stay a $800 card, and I would just use it every now and then when going to Target for the 5% off. I started putting about $150-350 on it once a month back around April and PIF each month. Out of nowhere I got a CLI to $1300 on my June statement, and a CLI to $2300 on my December statement. I had seriously been thinking about cancelling it since the CL was just insulting, but always kept it for the AAoA and the few bucks off when I do go to Target. Hoping that they will at least keep this up every 6 months.

Re: Target CLI Theory May Have some Truth

Anonymous — Fri, 23 Dec 2016 03:22:32 GMT

I got my card Nov '15 with SL $300. In June, was increased to $1,000 after spending $200 the previous month. Can't remember if I paid it off or updated income. Since then, nothing. I started reporting a balance and updating my income for two months and was increased this month to $1,500.

Re: Target CLI Theory May Have some Truth

Anonymous — Fri, 23 Dec 2016 09:22:19 GMT

I can't remember where my Target started (closest Target is 100 miles away, so it doesn't get a lot of use. Then again, EVERYTHING is 100 miles away, so I get there as often as anywhere else). It was converted to a MC and has a $5k limit (had two increases). I think I have had the card just a bit more than a year.

Re: Target CLI Theory May Have some Truth

Guyatthebeach — Fri, 23 Dec 2016 18:04:48 GMT

I have had 3 CLI's this year. I'm waiting for the Mastercard upgrgade.

Re: Target CLI Theory May Have some Truth

CreditUnionFan — Sun, 25 Dec 2016 17:48:44 GMT

@shmacckk wrote:
Mine just went from 2500 to 3500. I use it a ton though but I never let balances post.

I let the current purchases post, but then pay the statement balance in full on or before the due date.

The CL was pretty stagnant for a long time, but this year it's gone from $500 to $1500, then $2500, and last month to $3500.

No rewards outside of Target, so the MC doesn't see the light of day outside of Target.