topic Re: Target Red Card CLI? in Credit Cards

Target Red Card CLI?

Anonymous — Tue, 24 Feb 2009 23:17:30 GMT

I received a Target Red Card Dec 08 with a CL of $200 ... #1 does Target consider consumer requests for CLI's, and if they do, when should I ask for it? Is now too early, do I need to wait 6 months from receipt? How often should I use the card during the time when I am waiting for ask?

Re: Target Red Card CLI?

sunnyday — Tue, 24 Feb 2009 23:33:03 GMT

I got an automatic increase by Target after 4 months of opening my card. The same thing happened to a friend of mine. We both used our cards and paid in full each month. They increased both mine and my friend's card by an extra 200.00 after 4 months. My friend had his longer and they increased him again after 3 more months to an additional 400.00. It seems that if you use your card and then pay the balance off, you are able to get quicker credit line increases. If you continue the pattern, they will automatically increase without asking for it. I hope this helps.

Re: Target Red Card CLI?

Creditaddict — Wed, 25 Feb 2009 01:23:53 GMT

consumer requests are not an option on the red card.

They usually start you at 200, CLI you to 500 at 3 months and then up to 1k and upgrade to visa at 6 months....

HOWEVER this is were it seems to get lost in the system and there doesn't seem to be rime or reason for the increases... some get increases with PIF, some get increases with carrying balance. others just never make it anywhere regardless of what they do and there scores going to 750!!

I personally have had a target card since 1999, $200 limit auto cli to $300 sometime that same year... has sat at $300 since then to this day. Last year I got mad that I felt like my card was lost in there system so I applied and was approved for a second Target RedCard. $200 limit, auto increased to $500 at month 3, I have purchased up to close to my limit every month and leave at least $50 unpaid on each month statement. I'm currently waiting for month 6 to come next month to see if I get auto increased and converted to visa, but if they pass me by and my account just sits I give up with target!

Re: Target Red Card CLI?

Anonymous — Wed, 25 Feb 2009 14:57:46 GMT

thanks for the answers, now I know better what to expect!

Re: Target Red Card CLI?

Kay_Cee — Wed, 25 Feb 2009 21:45:31 GMT

I have a Target Visa with a $3000 limit that I got in April of last year. I always PIF and use it regularly generally charging $500 or so every month. I called two weeks ago asking for a CLI and was told no. The only thing different on my CR is a new account at Macy's, Ann Taylor and a Chase Visa. I spoke with a rep there and he told me my account was in good standing but there was something on my credit which was preventing the increase. Today, I got a notice that they were increasing the interest rate to prime + 16.99% and never less than 22.99%. My current interest rate is 17.99%. Did anyone else get this? It starts by saying:

"Like many credit cards issuers in this challenging economic environment, we are modifying some of the terms of our REDcard Agreement...."

Re: Target Red Card CLI?

Red1Blue — Wed, 25 Feb 2009 23:10:19 GMT

I got my card with $200 CL couple of years ago and it is still at $200 CL.

Re: Target Red Card CLI?

llecs — Wed, 25 Feb 2009 23:25:47 GMT

concorduser wrote:
I got my card with $200 CL couple of years ago and it is still at $200 CL.

Ditto. Mine is over a year old and still at $200. DW got a CLI at her first month to $500 and still is there after 1.5 yrs.

Re: Target Red Card CLI?

Anonymous — Thu, 26 Feb 2009 04:15:55 GMT

99% of the population gts a $200 credit limit and stays that way for the end of time. Nobody that I know of has been able to request anything of Target. This card is just abot worthless.

Re: Target Red Card CLI?

Anonymous — Thu, 26 Feb 2009 15:05:27 GMT

is it better to get rid of the card, or just keep it since it would show up for the next 10 years as a closed tradeline?

Re: Target Red Card CLI?

Anonymous — Thu, 26 Feb 2009 15:27:59 GMT

For purposes of age I have decided not to cancel my account but I haven't used it since last May and the have not reacted so I just let it sit.

Re: Target Red Card CLI?

Anonymous — Thu, 26 Feb 2009 15:42:53 GMT

since mine is so new, will it matter age-wise? I don't want a bunch of tiny limit cards though! My current ones are $200 Target store, $500 Sears store, $700 Discover, $1250 Capital 1, $2,500 BofA (husbands), $5000 AMEX AAdvantage, $7,500 Chase Visa .... any advice for me?

Re: Target Red Card CLI?

Anonymous — Thu, 26 Feb 2009 16:02:51 GMT

Age is age. CL does not factor.

Your account already exists so it will exist with the CRA for 10 years even if you cancel it with Target today.

Re: Target Red Card CLI?

Anonymous — Thu, 26 Feb 2009 16:25:59 GMT

*well poop*

thank for the info folks!

Re: Target Red Card CLI?

Anonymous — Thu, 26 Feb 2009 18:23:29 GMT

My card started at $200, then after six months went up to $500 and six months later I got an upgrade to a Target Visa and a $1,000 CL and its been there ever since. If you haven't already, don't waste the inquiry! Target's not worth it...

Re: Target Red Card CLI?

Anonymous — Fri, 27 Feb 2009 05:27:42 GMT

It looks to me like most people start with an initial CL of $200 and thereafter it's a crap shoot. But what if you start with a limit of $300? My bf just got the store card on Sunday with that limit - if you start at $300 is it like you're in a different tier or something (like Best Buy's plan A vs plan B)?

Re: Target Red Card CLI?

iwantbettercredit — Fri, 27 Feb 2009 19:39:57 GMT

I was approved for a $200 Target Red Card at the register when I applied, I spent $185.00 that day and they charged it to my card, I was planning on paying cash for it that day and did not know I would be applying, anyway I immediately went to customer service and paid the $185.00 of that was just charged to it. A week or so later I charged a few bucks on the card and paid it off about a week later. By the time I got my first statement they increased me to $500. However, it took about a 14 months before they would give me a second increase even though I spend alot at target during the year using my card and with perfect payments. Once they decided to increase they upp'd me to $1,000. I have been with them now for almost 2 years and hoping they will up me again soon.

Re: Target Red Card CLI?

Anonymous — Fri, 27 Feb 2009 20:15:16 GMT

I started with a $200 limit. About 3 months later increased to $500. Sat there until the card was almost 3 years old. Then a big group of us got bumped up right around the holidays time to $1000. I think they were trying to encourage holiday spending. Mine is still the store version not the Visa and CL is currently the $1000. I could care less what the CL is. It doesn't hurt your score to have the limit low and I think under manual review most lenders know that store cards generally will have a lower limit than a major CC.

Re: Target Red Card CLI?

boilerfan — Fri, 27 Feb 2009 21:58:42 GMT

So, when you check out at Target and get asked if you want to sign up for the Red Card, are you essentially pre-approved or do they just offer it to everyone?

Re: Target Red Card CLI?

Anonymous — Sat, 28 Feb 2009 00:11:18 GMT

I got a my Target card with 200 cl and was bumped to 500 cl at 3 months .

Re: Target Red Card CLI?

Anonymous — Sat, 28 Feb 2009 03:32:40 GMT

Every time I type this I think about how it looks -- Target Visa is my highest limit, Amex Delta is my lowest...

Opened a Red Card in 02 w/ a 200 limit. About 2 (or three?) years later they took it to a visa w/ a 1k limit. It sat there until Feb of 08 and VOILA, auto-cli to 5k. This past October they auto-cli'd me to 7k.

Sure the IR is nasty, tho the Visa DOES have a luv button -- but I can't complain. I really do like those 10% coupons.