topic Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation. in Credit Cards

Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 01:31:31 GMT

I have read within this communty, as well as others that people have claimed to have their Target RedCard debit card graduate to the Target RedCard credit card.

I was recently approved for the Target RedCard Debit and was denied for the Target RedCard Credit, because they stated they need to verify my identity, yet I applied in-store after purchasing a $400 TV and handed the cashier my driver's license and veteran's ID, so that's strange that I was approved for the Target RedCard Debit and not the Credit.

Anyway, I spoke to a Target credit analyst who stated, "Target RedCard debit cards "do not" graduate to target RedCard credit cards. As a matter of fact we don't even consider the fact that a client has the Target RedCard debit card into consideration for the Target redCard credit card.

Once I find those post I'll report them to a moderator for removal.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 02:16:37 GMT

You sure that you aren't speaking about Target REDcard credit cards graduating to the MasterCard version? I have never seen anyone claim the debit becomes a credit card, just that the debit has the same benefits as the credit card. It's the credit card that can graduate from a store card to a MasterCard.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 02:39:00 GMT

I’ve never heard of a Target Debit graduating to a credit card either. They are two different products. It’s not like a secured card graduating by any means.

Lots of instances of target store card graduating to the MasterCard version though.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Guyatthebeach — Sat, 09 Nov 2019 03:10:15 GMT

The Target debit cards are completely different than the Target Red Store cards. The debit cards never graduate to credit cards. That actually doesn't even make sense. The debit cards are actually handled by a different line of business unit within TD Bank. I know this because I had to report fraud on my debit , when someone tried to use it that was in another state. Now I do believe TD Bank lets the same customer service department handle both credit card and debit card calls. It could an OP had a customer service agent make a mistake, because customer service agents are human too.

Now I do know that the Target Red cards to graduate to the Mastercard version, because mine did.

I hope that clears up any issue.

Guyatthebeach

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 03:26:03 GMT

Agreed with the above - I've never seen anyone talk about a non-credit product "graduating" to a credit product.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 04:30:47 GMT

As everyone has said, don't think anyone has said that the debit card graduates. In some cases it wouldn't be welcome anyway, as it would be a new account on the credit report.

Also, there is no need to "report" posts with wrong info to the moderators for deletion, a lot of posts would have to go! In this forum, wrong info is often countered by later posts by others, just like in this thread!

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 09:14:46 GMT

most people prefer the debit card, it's got all the same benefits as the credit card

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 11:14:49 GMT

Well, the general consesus seems to be that 100% of you beleieved I misunderstood, and when people spoke about graduating, they meant from standard Target store card to the Target Mastercard. Initially, I thought the same thing, but after reading several posts, I wanted to look into it a bit more.

So, when Target was willing to price match my $400 TV down from $499 from an online competitor, that's when I asked the cashier, if I applied for their card, could I get the additional 5% off an already price-matched price? Some would say I was being greedy, but a penny aved is a penny earned. Anyway, she stated, "I could."

That's when she applied for the Target RedCard Credit which came back with "We'll contact you in 10 days(a letter I obtain a couple of days ago, stating the reason for being declined is becausethey couldn't verifify my identiy"

So, that's when I spoke to a Target credit analyst, who validated everything I stated and that she has had to explain that to to several people .

As you can tell from my essay-length posts, I'm a very thotough and analytical person and I know I read those posts and will find them, because if those MyFico community posts can confuse the likes of me, i'm positive others have been confused also.

I can also post links from other website's message boads where posters have stated something similar, and I tried to do that when I create my original post, but I got the dreaded, "Your HTML is invalid message," and I didn't want to violate MyFico community forum guidlines.

Again, I will find those MyFico posts, that I'm thinking were either in the Rebuilding forum or the Credit Card forum, either way, I'm going to find thing for to reasons:

1. Clarification and Accurancy

2. So you all don't think I'm just babbing.

I greatly appreciate each all of your feedback and I Kudoed(if that's a word) everyone who responded.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 11:24:28 GMT

This is me being very analytical again.

You are right the Target "credit-products" are managed(funded) by TD Bank, but I don't believe the Target debit-products are, as explained by a Target credit analyst, who I'm positive stated that the Target RedCard debit is managed in-house by Target.

Also, you stated that you had to file a fraud claim when someone attempted to use your Target RedCard debit in another state.

Did you mean your Target RedCard credit-product?

I ask because you are required to your PIN for each and every purchase using your Target Redcard debit and unless you wrote your PIN on your Target RedCard debit, would it be impossible for them to actually use it?

Not trying to be a pain in the behind, but you now you see that I do READ posts that matter to me, just like I did the posts that forced me to create this topic.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 11:48:26 GMT

If it’s all out there happening to people, I’m interested in the details out of curiosity (I have the debit and credit already). However it still seems very unlikely for two reasons:

1) a debit card doesn’t require a credit pull, but the credit card most definitely does, so moving someone to a credit product from a debit card is very unlikely, and at least, highly unusual

2) more telling, if your source is correct, the store manages debit and TD Bank manages credit, and those are two wholly separate entities, which makes a “hey, this guy has a debit card - how about you underwrite a credit card for him on your own dime” kind of handoff pretty tough to believe. Banks don’t generally operate like that, underwriting with their own money on someone else’s good-faith day so.

Also, keep in mind (or find in your reading) just how inaccurate many CSRs have been over the phone with people. Many of them do not know how their products operate, they just take the calls, punch in numbers, and reply with the computer’s decision.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 11:53:13 GMT

The debit card is definitely managed by Target.

"RedCard™: Target Debit Card, Target Credit Card, and Target™ Mastercard®. Subject to application approval (Target Mastercard not available to new applicants). The RedCard credit cards (Target Credit Card and Target Mastercard) are issued by TD Bank USA, N.A. The RedCard debit card is issued by Target Corporation. Pat 7,562,048 and 8,117,118."

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 12:26:38 GMT

@Anonymous wrote:
If it’s all out there happening to people, I’m interested in the details out of curiosity (I have the debit and credit already). However it still seems very unlikely for two reasons:

1) a debit card doesn’t require a credit pull, but the credit card most definitely does, so moving someone to a credit product from a debit card is very unlikely, and at least, highly unusual

2) more telling, if your source is correct, the store manages debit and TD Bank manages credit, and those are two wholly separate entities, which makes a “hey, this guy has a debit card - how about you underwrite a credit card for him on your own dime” kind of handoff pretty tough to believe. Banks don’t generally operate like that, underwriting with their own money on someone else’s good-faith day so.

Also, keep in mind (or find in your reading) just how inaccurate many CSRs have been over the phone with people. Many of them do not know how their products operate, they just take the calls, punch in numbers, and reply with the computer’s decision.

I don't think OPs claim is that it is actually happening (and as we have all said, it is extremely unlikely that it could), more that posts out there, both here and on other forums, say that it can.

While I don't recall any such posts, I shouldn't have been so definitive, people post all sorts of wrong stuff, so it's certainly possible that someone (or several people) have. Now I still stay that hunting them down and requesting deletion is misguided, and I would suggest OP considers how something like "I'm a very thotough and analytical person and I know I read those posts and will find them, because if those MyFico community posts can confuse the likes of me, i'm positive others have been confused also." comes across (especially helped with the typo!)

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 12:59:16 GMT

I agree, and my post was meant to state that if it is happening, by all means I’m sure many of us would love to see it. It just doesn’t sound like the way any bank I’ve ever known operates.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 15:16:51 GMT

When excited, I type too fast and yes, there will be typos, with that said, most get the gist of what I'm asking or stating.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Guyatthebeach — Sat, 09 Nov 2019 15:27:05 GMT

Caneaus2020,

Let me clarify this for you. I had a fraudulent charge on my Target debit card about five years ago. A purchase was made with my Target debit card in CA. I caught it when I was looking at my checking account online. When I called Guest Services, they were going to mail the paperwork to me to the address where I get mail, which is 2 hours away(I stay at my beach house part of the week and my inland house for the other part of the week). The fraud department faxed the paperwork over to me after they closed the debit card. On the cover letter, it was signed with the assocciate's name and under it was TD Bank on behalf of Target Corporation Financial and Retail Services.

I faxed back a statement that I live on the East Coast and actually made a purchase with my Target Red credit card the same day at my local Target. I included a notarized bank statement showing the fraudulent debit charge, screen shot of the debit purchase from Target's website, and a copy of the receipt showing I was on the East Coast at the time of purchase. About a week or so later, Target credited my checking account for the amount of the debit.

With regards to how a thief could make a purchase within Target, I have no idea. If a thief wants to steal something, they will always find a way to make it happen.

Finally, I have learned a lot from the threads on myfico.com over the years. Without this forum, I would not have rebuilt credit to be back where I was credit was prior to my bankruptcy. With this forum, I was able to join Navy Federal the right way, learn how to save money on my home insurance, and how to better manage my credit profile while making less money. Also I take everything I read on here at face value. If there is something really erroneous on a thread, I have trust in the moderators to stop and lock the thread. After 8 years, I really can't think of an instance where there was a thread with really inaccurate information. I'm sure it may have happened, I just don't remember any examples.

I hope this clarifies everything for you.

Guyatthebeach

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 16:14:16 GMT

@Anonymous wrote:
When excited, I type too fast and yes, there will be typos, with that said, most get the gist of what I'm asking or stating.

The typo wasn't the point (just added irony), more the tone of "because if those MyFico community posts can confuse the likes of me, i'm positive others have been confused also". Now it's possible that you meant something like "since I assume my comprehension and knowledge is similar to that of most users here, when I get confused it's likely that many others will too." but given the context of stressing your thoroughness and analytical skills, it sounds more like "if even I get confused, I'm sure the little people of myfico won't stand a chance."

If that is not your intention, be more careful in wording!

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

Anonymous — Sat, 09 Nov 2019 22:44:41 GMT

if you go to the website for target they only show 2 cards: debit and credit. so if someone hears about one card graduating into another they might falsely assume it means debit into credit, since they aren't aware there's actually 3 cards. that could be how the misinformation is spreading.

to make it even more confusing how many cards does best buy have... 4? 8? yet they only show 2, and when you app you can't pick which one you'll end up getting either.

Re: Target Debit RedCard Target Credit RedCard Graduation Misinformation.

pizza1 — Sun, 10 Nov 2019 18:06:44 GMT

oh my...ok, lets recap and keep it simple and easy to understand for everyone.

1. Target debit card does NOT convert or graduate in any way to a CC..two completely different programs. One is credit, the other is funding set up thru your checking account.

2. If you have the Target store CC (and not the debit card), you can't "ask' for the upgrade. Its something that is automatically done by TDB if they deem your account eligible.

3. No-one knows when your account becomes eligible for the upgrade except for TDB, and they will notify you by letter.