topic Re: Target Redcard / MC Poll in Credit Cards

Target Redcard / MC Poll

MrsCHX — Wed, 21 Jun 2017 14:38:49 GMT

Please only respond if you can answer the questions. Not to be rude, but I'm interested in actual data, not anecdotal info. I personally can't see any reason for accepting a Target upgrade to MC. I would never use the card outside of Target and I don't travel internationally so lack of FTF isn't a benefit to me. I am now curious though, if higher limits are more likely with the MC over the store card. Someone on the other forum said their MC has a $10k limit. That might entice me to upgrade!

1) What is your current Red Card (store only) limit?

2) If you were converted to MC, what is your current limit?

3) When you received the upgrade, was the MC reported as a new account to the credit bureaus?

4) Since being upgraded, have you received additional CLIs?

Re: Target Redcard / MC Poll

K-in-Boston — Wed, 21 Jun 2017 18:54:42 GMT

1. N/A
2. $3300
3. My card was first converted to Visa. Not reported as a new account but lender name has changed several times.
4. Initial CLD from $1300 to $800 when converted. 14 years later, began receiving CLIs at 6 month intervals. $500, $1000 and $1000.

Re: Target Redcard / MC Poll

Total80sKid — Thu, 22 Jun 2017 01:51:57 GMT

REDcard: $2500

Re: Target Redcard / MC Poll

Anonymous — Thu, 22 Jun 2017 03:39:07 GMT

Red Card $1100. Went from $300-$1100 in about 10 months. They will increase me next month if they follow my other CLI's...

Re: Target Redcard / MC Poll

akaniks — Thu, 22 Jun 2017 06:23:34 GMT

I can only answer the first two questions.

1, My RedCard limit was $2,100.00

2. Received two letters this week, the first indicating I was recieving a CLI to $7,000.00 and the second letter said to expect a conversion to MC in August.

From what I've seen, people are getting CLI before upgrade? This is now my highest CL so I welcome the conversion.

Re: Target Redcard / MC Poll

MrsCHX — Thu, 22 Jun 2017 13:08:44 GMT

Thanks for the responses so far!

@akaniks wrote:
I can only answer the first two questions.

From what I've seen, people are getting CLI before upgrade? This is now my highest CL so I welcome the conversion.

Yeah, I know they increase then upgrade. I'm saying once you've been upgraded and are operating off the MC...what has CLI history been like.

Re: Target Redcard / MC Poll

Total80sKid — Thu, 22 Jun 2017 21:32:08 GMT

I haven't received anything informing me that I am getting a MC, but I also haven't received a CLI letter for my past 3 CLI's.

They have my correct address.

I tried calling to find out if my REDcard would be changing to a MC, but the CS rep told me they had no idea.

So not sure how to find out if I can't get any info by calling.

Re: Target Redcard / MC Poll

wmweeza — Fri, 23 Jun 2017 08:48:16 GMT

1) What is your current Red Card (store only) limit?

2) If you were converted to MC, what is your current limit?

3) When you received the upgrade, was the MC reported as a new account to the credit bureaus?

4) Since being upgraded, have you received additional CLIs?

I can't answer most...but:

1. As of last week my CL was $1900, as of tonight when I checked it is now $4000

2. I cannot say I was converted but I assume so, waiting for a letter

3. N/A for now, will update

4. N/A as I have no need to ask for more

I got curious and logged in...sure enough it's an increased CL, I'll wait and see on the rest. For anyone who cares I carried a balance of $140 for about 2 weeks ( though I don't know if that matters)

Re: Target Redcard / MC Poll

MrsCHX — Mon, 26 Jun 2017 17:55:36 GMT

I received my CLI letter and MC upgrade letter today.

The card actually does have additional rewards outside of Target. I posted a thread in the Credit Card forum.

Re: Target Redcard / MC Poll

hredder — Wed, 26 Jul 2017 02:50:37 GMT

1) 800 dollars
2) 1600 credit line conversion happens 8/31/17
3)NA
4) it will not be a new trade line. The old account will transfer over

I am declining the conversion. TD bank wants more use on the cards. I’m trying to get out of debt

Re: Target Redcard / MC Poll

EaglesFan2006 — Fri, 01 Sep 2017 12:29:40 GMT

I got the same letter...once I found out it wasn't a new trade line I figured it was fine to just have it convert. I'm curious why those declined the conversion did so... what would be the drawback?

Re: Target Redcard / MC Poll

K-in-Boston — Fri, 01 Sep 2017 14:12:22 GMT

@EaglesFan2006 wrote:
I got the same letter...once I found out it wasn't a new trade line I figured it was fine to just have it convert. I'm curious why those declined the conversion did so... what would be the drawback?

The only reason I have seen stated by the handful of people who have declined the upgrade is that they don't want a card (or an additional card) that can be used outside of Target because they don't feel that they have the self-discipline to keep their charges under control.

Re: Target Redcard / MC Poll

coolbrad — Fri, 01 Sep 2017 17:08:35 GMT

1. 3300

2. Not yet converted and haven't received a notice

3. N/A

4. N/A

Re: Target Redcard / MC Poll

ashenk224 — Fri, 01 Sep 2017 17:15:00 GMT

RedCard was given a CLI from $1900 to $4000

No CLI once converted to MC. Still at $4000

Reports as same account

Only just converted, so no answer yet about additional CLIs

Re: Target Redcard / MC Poll

Anonymous — Fri, 01 Sep 2017 21:24:25 GMT

I can't remember but I think my cli was 1,700 to 3,000. When I received my letter for the upgrade. I'm currently still waiting for my card in the mail.

It seems like they're giving increases with the upgrades.

I believe people refusing to convert to MC is because they don't plan to use it for purchase outside of the store. And they don't want to be tempted to.