topic Re: Target upgrade to come? in Credit Cards

How long does it take to get Target store card converted?

Anonymous — Thu, 11 Feb 2021 17:45:39 GMT

Well, I have had my Redcard since 2010 and still, no upgrade.

I have a real "thang" about this, since I have always gotten every card I want, and this card, although I probably will never use it outside of Target, is something I want because they are not giving it to me !! I am sure that many of you can appreciate this, especially on this website.

I use the card moderately, but I have been using it more (online) since the "Pandemic."

Target is not that generous with limits, either. I started in 2010 with a $2000 SL (me and the wife). In 2014, they raised it to $2800, and today, 6 years later, I still have that limit.

I spend maybe $40 monthly at Target, Some months I have gone $200 (for books since the library is closed), but usually not. I also update my income monthly, as recommended.

The website says that they check every month for credit line increases (and I presume that these "checks" could lead to an upgrade), but I doubt it. CSR told me that next selections of accounts for upgrades will be in January and February of next year, but who knows?

Re: How long does it take to get Target store card converted?

Namaste7 — Tue, 05 May 2020 15:17:38 GMT

I noticed other posters who had the card prior to the TD Bank acquisition, and for some reason was not selected for the CLI and upgrade at that time, complain about the slow growth of the card. On the otherhand, those that acquired their card under TD Bank seems to get the CLI and upgrade within 18 months even with moderate usage. Target/TD Bank, like Discover, can be hard to figure out.

Re: How long does it take to get Target store card converted?

Guyatthebeach — Wed, 06 May 2020 02:15:58 GMT

Something I have noticed is TD Bank/Target can be very perticular on CLI's. Some people get them like clockwork, but get nothing for years.

I haven't had a CLI since my card converted to the MC. I'm not complaing about because $6k on this card is fine with me since I PIF monthly.

I just can't figure out their logic on CLI's.

Guyatthebeach

Target Redcard One more Thing

Anonymous — Fri, 29 May 2020 13:49:23 GMT

Hi.

I know that there has been a lot of posts about the Target Redcard upgrade to Mastercard. I just wanted to ask one more question.

I have had the Redcard since 2010. The card was, until this year, very sparsely used, Like maybe $40 every 3-4 months, mainly when my wife needs hair products like coloring, etc.

Now, since July of last year, I have been buying stuff online and in store every month, in hopes of getting the upgrade. Again, not huge amounts, but sometimes maybe $200 for a rug shampoo, etc. I have been showing more 'luv, in credit card parlance.

I was thinking that if I do not get the upgrade the next time they do upgrades (Jauary and February?), I would just stop using the card and SD it, except for wife's stuff.

I guess that I am a little p***ed. Also, I have not received a credit line increase since 2014 ($2000 limit went to $2800).

I know that emotions and credit cards should not be mixed, but I want to know if anyone else would be p***ed in this scenario and would SD the card as a result. I know that normal people (i.e., don't care about credit cards) would not have these feelings about a credit card, but I (like many of you on this board) are not 'normal', as respects credit cards, or you would not be on this board. Target is a nice fun place, but it's not like we (i.e., wife and me) need to go there.

Have a nice, safe, blissful day !!

Re: Target Redcard One more Thing

Anonymous — Fri, 29 May 2020 13:58:54 GMT

Why is the Mastercard version so coveted? Especially if you hardly ever shop there. The MC version's rewards are nothing to write home about when compared to the store version. The main reason to have any version of the Target CC is to get the 5% discount.

And as far as credit limits, do you spend more than $2800 at Target per trip/month? Not too many people would. While some like huge limits to stroke the ego, they serve little purpose to the lender - especially on a store card.

Re: Target Redcard One more Thing

M_Smart007 — Fri, 29 May 2020 14:00:14 GMT

with the Target Redcard, nothing is a guarantee. I closed a Capitol One card,

for several reasons, with one being, I am not putting a ton of spend to try to get $100 CLI.

Re: Target Redcard One more Thing

Brian_Earl_Spilner — Fri, 29 May 2020 14:00:37 GMT

I personally don't care if I get an upgrade. I got a redcard for the instant 5% back. My limit is more than I'll ever use there and I don't care about bonus points on gas. That's what Discover and my More Rewards is for.

Re: Target Redcard One more Thing

M_Smart007 — Fri, 29 May 2020 14:02:00 GMT

I don't even shop at Target.

Re: Target Redcard One more Thing

Anonymous — Fri, 29 May 2020 14:05:27 GMT

I generally agree with the above. What would really change if you got the MC version or even just a CLI? "Luv" back from an institution doesn't really mean anything.

OTOH, if the 5% discount isn't that useful, SDing the card won't cost you much. But Target/issuer really won't care, so just make sure you are not spiting yourself to unsuccessfully make a point!

Re: Target Redcard One more Thing

creditfan — Fri, 29 May 2020 14:11:34 GMT

I guess perhap OP cares more toward chip & pin ability

Re: Target Redcard One more Thing

Brian_Earl_Spilner — Fri, 29 May 2020 14:16:17 GMT

@creditfan wrote:
I guess perhap OP cares more toward chip & pin ability

The store card is one of the few true chip and pin cards available in the states.

Re: Target Redcard One more Thing

kdm31091 — Fri, 29 May 2020 14:21:39 GMT

I too really do not see much appeal in the Mastercard version unless you were in a position where you could not qualify for any other better cards. But most people can do better than 2% dining/gas, 1% all else. Plus it's paid out on a Target gift card only once a year and not redeemable for cash. In short the rewards are not competitive even for no AF.

The main reason to have a Redcard is 5% off at Target and you already get that. The upgrade is nice, but I don't see why it would be a dealbreaker. I would think most people around here who got the upgrade still do not use the card outside of Target anyway.

Like you note, mixing emotions and cards is not a good idea. A lender is not going to take it personally if you SD the card out of anger, no more than you should take it personally if they cut your limit etc.

Re: Target Redcard One more Thing

M_Smart007 — Fri, 29 May 2020 15:19:02 GMT

@creditfan wrote:
I guess perhap OP cares more toward chip & pin ability

I think the Target Debit card offers the same thing?

Re: Target Redcard One more Thing

kdm31091 — Fri, 29 May 2020 15:23:43 GMT

I'm not sure, but maybe the Target MC is chip+pin even outside of Target?

Re: Target Redcard One more Thing

Anonymous — Fri, 29 May 2020 15:33:47 GMT

In most of the posts about this Redcard over the past year tend to show Target is very conservative with the CL. I believe a few posts had mentioned how even the top tier credit score holders were surprised when there credit line was low and CLI very little approval. I got approved last year for the Redcard at $500 CL and have used it monthly since to get the 5% sometimes almost maxing it out but paying it off monthly. I can say I wish I would go up to $1000CL because I have been eying going to a 70" tv and would like to use the card for that and I also like the CS at Target a lot easier to deal with then Walmart. I agree I don't think the MC version is worth it be happy you have the CL you have that's a pretty substantial amount IMO

Re: Target Redcard One more Thing

Anonymous — Fri, 29 May 2020 15:59:59 GMT

Given that there was already one case of Target point of sale systems being hacked, I could see an argument for preferring that the store card not be upgraded to a MasterCard or Visa.

Being a store card does not stop fraud but does at least limit it a bit.

Re: Target Redcard One more Thing

Anonymous — Fri, 29 May 2020 16:17:16 GMT

@M_Smart007 wrote:
I don't even shop at Target.

Then why are you even responding to this post????

Re: Target Redcard One more Thing

Remedios — Fri, 29 May 2020 16:27:07 GMT

Please do not make me work.

Thank you

Re: Target Redcard One more Thing

creditfan — Fri, 29 May 2020 16:48:25 GMT

@kdm31091 wrote:
I'm not sure, but maybe the Target MC is chip+pin even outside of Target?

that is why MC is there for

I tested at usps and yes it did ask me pin

Re: Target Redcard One more Thing

dogmeat — Fri, 29 May 2020 19:51:55 GMT

So here's my somewhat more succinct interpretation of your statement and question:

"I've been using my Target store card in a limited manner for 10 years. I haven't gotten a good CLI or upgrade to the MC version. Even though I know it's not supposed to, I wonder if that would p**s anyone off? I'm going to start using it more, in hopes of getting a CL/upgrade to the MC version. If I don't get either of those, I'm going to go back to using it in a limited manner. Is there anyone else who would do the same?"

Short answers: Yes, there are most certainly people who would react emotionally, even to the extreme, to the lack of CLI or upgrade to a credit card. I'm not one of them. Regardless of emotions, I think your suggested actions are reasonable.

Longer answer: I also have a Target store card with a measly limit that I rarely use, and it's also one of my older cards at ~10 years. It's on the chopping block for closing by customer (me). 5% is nice, but with low usage, when I do the math, the savings just aren't significant enough to matter or to justify holding it, and the monthly effort to monitor it. I have several other old cards so I'm not too concerned about the age of credit ding, and it should stay on my report for ~10 years anyway.