topic Re: Target in Credit Cards

Target

nmorton79 — Tue, 21 Apr 2009 17:30:03 GMT

Good afternoon to all....

Anyone ever had luck getting a 2nd Target card after paying a charge off with them? My scores are in the mid-upper 500's and I would like to have the card again. Any advice on I can do? Thanx a buch

Re: Target

nmorton79 — Wed, 22 Apr 2009 22:03:14 GMT

I guess no takers, huh? Well, I guess I have my answer then...thanks anyway

Re: Target

Anonymous — Thu, 23 Apr 2009 01:55:43 GMT

Realistically, had you called them and negotiated prior to paying off the charge off, you might have had a better time having them re open for you as a condition of payment.

now you are just paid off and probably black listed for awhile.

Re: Target

Anonymous — Thu, 23 Apr 2009 02:44:34 GMT

Target is some B.S. from what i have heard and seen in this forum I think people would be better off by not getting this card. $200 measly credit line. People can do better,hell i would just pay cash before i would get that card. No advantages for having that garbage can card.

Target should be ashamed of themselves for do this to people.

Re: Target

Anonymous — Thu, 23 Apr 2009 02:59:13 GMT

I have that great $200.00 CL at Target and have for over one year. They say they are always checking and seeing if they can increase it but I don't believe that. My score is up over 50 points since I got that card and they never increase it but to tell you the truth I like it this way. I don't use it much but when I do it usually for something and then I pay the bill off before the end of the month. I don't care if they every increase it anymore as what can you do. We will see what happens as time goes by.

Re: Target

Anonymous — Thu, 23 Apr 2009 03:16:55 GMT

@Anonymous wrote:
I have that great $200.00 CL at Target and have for over one year. They say they are always checking and seeing if they can increase it but I don't believe that. My score is up over 50 points since I got that card and they never increase it but to tell you the truth I like it this way. I don't use it much but when I do it usually for something and then I pay the bill off before the end of the month. I don't care if they every increase it anymore as what can you do. We will see what happens as time goes by.

Well...if that works for you then it's ok. But I'm just saying.....a $200 CL is like a slap in the face come'on. Hell they give out better CL's then that at the Goodwill store. BAD-----> Target

Re: Target

Anonymous — Thu, 23 Apr 2009 04:37:44 GMT

I know exactly what you are saying but it's a positive trade line reporting and no AF's and they do give cards to people with less than perfect credit. I have been frustrated with my target card also. It's been over a year now with no increase in sight. I like to shop their store more than say a WalMart or similar stores. I just can't use the card for much. I do appreciate them giving me a card to help improve my credit and it can stay in the SD and come out twice a year

Re: Target

Anonymous — Thu, 23 Apr 2009 05:12:36 GMT

@Anonymous wrote:
I know exactly what you are saying but it's a positive trade line reporting and no AF's and they do give cards to people with less than perfect credit. I have been frustrated with my target card also. It's been over a year now with no increase in sight. I like to shop their store more than say a WalMart or similar stores. I just can't use the card for much. I do appreciate them giving me a card to help improve my credit and it can stay in the SD and come out twice a year

See that's what I'm taking about...you will have the card for a year, and they won't give you any increase to prove your responsible with it. Isn't that the basis of having the card is for rebuilding etc. A paltry $200 token is just enough to buy a couple of Blu-Ray movies....that's it. BAD---------->Target

Re: Target

Anonymous — Thu, 23 Apr 2009 09:40:22 GMT

My suggestions would be to wait until you're at least above 620, then call and ask them. Explain your situation, and how you're confident that it'll never happen again. Tell them that you can now demonstrate that you have adequate income and ability to pay, and that one of your favorite places to shop is Target. And mention that you read in a Money Magazine article that they might agree to "debt forgiveness" given that you did pay. See what they say to that.

If they blacklist for a while, nothing gained & nothing lost. I'm fairly willing to bet that they don't blacklist forever. Wait for it to fall of your reports, do some shopping, and then wait for an 'offer' at the register.

Re: Target

Anonymous — Thu, 23 Apr 2009 10:08:48 GMT

I think that it's a bit of a stretch to say that it's a "slap in the face". Frequently, the Target store cards are issued when we have less than stellar credit. And, they're not issuing them for the purpose of helping people to rebuild their credit, they're trying to help you to help their bottom line, which includes minimizing losses.

But, I understand the frustration! I fired Cap1 after realizing that I had one of their "dead" rebuilder cards that would never be eligible for an increase, had a double-digit APR, and an annual fee. It was so frustrating (at the time, I think I used the word "demoralizing") to work and work, and still not be good enough. I had to come to accept that I am not owed credit, even for a perfect history as I had with Cap1. And, when I was in a position to say, "I don't NEED you anymore", I threw off the training wheels and severed the relationship. My consolation? As their rate of default rises, they lost a GOOD customer who paid. Drop in a bucket, but it made me feel good.

I think that we have to view store cards a bit differently that major credit lines. They were never really intended to grow big, in Target's case. I forget the exact maximum on the store card, but it's not that high. And, it appears that when you reach 1k that they offer you the VISA. I've even heard (can't speak to the veracity of the info) that Target even considers the market/area in their lending decisions, and may cap some areas lower than others. And, Target is not a Macy's or a Nordstrom. Unless you're trying to furnish your entire house in one shopping trip, and get some groceries, a few hundred dollars is going to suffice for the *average* trip to Target, for non-commercial purposes. If you use their card (vs. SDing it) you might notice that they loosen the purse strings near the holiday push. There were dozens of us, quite a few who'd been at $200 for YEARS, who got Target luv right at the holidays, out of the blue.

All that to say-- it may never dazzle you with rewards (ever higher credit lines and perks to your liking), but it is a positive tradeline that will add to the mix of credit, and that doesn't charge ridiculous fees to keep in your wallet (unless you carry balances, then the APR is sky high). If Target is a regular stop on your shopping trail, then you're probably the type of customer that they're targeting their credit products at, and when the stars align, and they're feeling in the mood-- the luv will suddenly appear. Until then, just let it be for what it was intended-- a discount retail store card for every day household needs.

Re: Target

Anonymous — Thu, 23 Apr 2009 13:38:20 GMT

@Anonymous wrote:
I think that it's a bit of a stretch to say that it's a "slap in the face". Frequently, the Target store cards are issued when we have less than stellar credit. And, they're not issuing them for the purpose of helping people to rebuild their credit, they're trying to help you to help their bottom line, which includes minimizing losses.

Well said.......rather lengthy BUT well informative. Your comments have been duly noted.

Re: Target

Anonymous — Thu, 23 Apr 2009 14:10:54 GMT

@Anonymous wrote:
I think that it's a bit of a stretch to say that it's a "slap in the face". Frequently, the Target store cards are issued when we have less than stellar credit. And, they're not issuing them for the purpose of helping people to rebuild their credit, they're trying to help you to help their bottom line, which includes minimizing losses.

But, I understand the frustration! I fired Cap1 after realizing that I had one of their "dead" rebuilder cards that would never be eligible for an increase, had a double-digit APR, and an annual fee. It was so frustrating (at the time, I think I used the word "demoralizing") to work and work, and still not be good enough. I had to come to accept that I am not owed credit, even for a perfect history as I had with Cap1. And, when I was in a position to say, "I don't NEED you anymore", I threw off the training wheels and severed the relationship. My consolation? As their rate of default rises, they lost a GOOD customer who paid. Drop in a bucket, but it made me feel good.

I think that we have to view store cards a bit differently that major credit lines. They were never really intended to grow big, in Target's case. I forget the exact maximum on the store card, but it's not that high. And, it appears that when you reach 1k that they offer you the VISA. I've even heard (can't speak to the veracity of the info) that Target even considers the market/area in their lending decisions, and may cap some areas lower than others. And, Target is not a Macy's or a Nordstrom. Unless you're trying to furnish your entire house in one shopping trip, and get some groceries, a few hundred dollars is going to suffice for the *average* trip to Target, for non-commercial purposes. If you use their card (vs. SDing it) you might notice that they loosen the purse strings near the holiday push. There were dozens of us, quite a few who'd been at $200 for YEARS, who got Target luv right at the holidays, out of the blue.

All that to say-- it may never dazzle you with rewards (ever higher credit lines and perks to your liking), but it is a positive tradeline that will add to the mix of credit, and that doesn't charge ridiculous fees to keep in your wallet (unless you carry balances, then the APR is sky high). If Target is a regular stop on your shopping trail, then you're probably the type of customer that they're targeting their credit products at, and when the stars align, and they're feeling in the mood-- the luv will suddenly appear. Until then, just let it be for what it was intended-- a discount retail store card for every day household needs.

Great post LilMirth, you hit the nail on the head with that one.

Re: Target

Anonymous — Thu, 23 Apr 2009 14:50:40 GMT

I have a 648 EQ; 692 TU and 693 EX and I still have a 200 CL for Target. I have only had the card for one year in March and I use it off and on when I need something and then pay it right off but I stillhave the same CL. I believe in these economic times that unless your credit is really good I am not going to see a change in that for a year or 2. My goodness by that time I should be well into the mid 700's so it works for me. The way I look at it I never used to pay that much attention to my credit which was very foolish in my opinion and each month it gets better and better. Everything I owe has been paid on time and before it is actually due for the last 2.5 years so I guess I put myself into this so I need to wait it out. I know that I used to be able to pay all my credit cards off within the 30 day mark but then that came to an end once my son went to school so what can you do but move forward. Now he is graduating and I will get these credit cards all down to where they should be again as I would much rather be putting this money into the bank and not paying any interest but sometimes we have to go through these things. I have taken responsibility for this and I am expecting it to take a couple more years but I will never put myself into this position again in my life. Afterall cash is good.

Re: Target

Anonymous — Thu, 23 Apr 2009 20:51:13 GMT

in my experience Target is very easy to get along with. They actually give you credit based on your real average spending habits and they do like to make a little money on you in interest. If you have only spent under $40 and paid it off before the bill cuts then you really don't NEED a higher limit then $200. If you use it and pay them some nterest then you will usually see a CLI. Thats how it has been for me so far.

Re: Target

Anonymous — Thu, 23 Apr 2009 21:00:34 GMT

Okay maybe that make sense now. I have only paid interest 1 time in 14 months. I will beak it down into 2 months this time and see what happens. I also don't use it more then 4 times in a year so that could be the problem also. I guess I will have to use this more but maybe not. I will see what happens. I am truly trying to stop using credit to buy things and just use my own cash especially being these economic times but I get conused at times and not sure of what I should really do. Credit score versus not buying or I should say not using credit cards. Thanks for the information.

Re: Target

nmorton79 — Thu, 23 Apr 2009 21:33:53 GMT

@Anonymous wrote:
My suggestions would be to wait until you're at least above 620, then call and ask them. Explain your situation, and how you're confident that it'll never happen again. Tell them that you can now demonstrate that you have adequate income and ability to pay, and that one of your favorite places to shop is Target. And mention that you read in a Money Magazine article that they might agree to "debt forgiveness" given that you did pay. See what they say to that.

If they blacklist for a while, nothing gained & nothing lost. I'm fairly willing to bet that they don't blacklist forever. Wait for it to fall of your reports, do some shopping, and then wait for an 'offer' at the register.

I will do just that...thanx

Re: Target

nmorton79 — Thu, 23 Apr 2009 21:36:41 GMT

@Anonymous wrote:
Realistically, had you called them and negotiated prior to paying off the charge off, you might have had a better time having them re open for you as a condition of payment.

now you are just paid off and probably black listed for awhile.

I fugured as much...I'll wait awhile and try my luck...thanx