topic Re: Gave TARGET the boot ! in Credit Cards

Gave TARGET the boot !

konabill — Sat, 06 Nov 2010 22:28:21 GMT

Had this card for one year,, rarely used. Called yesterday to request increase....DENIED. So I closed the account. $200 limit on a store card GIVE ME A BREAK.

I received my Walmart card @ the same time and have already increased to $800. Walmart gets my business.

Target offered to send an additional 10% off coupon if I kept my account. Might help others with xmas shopping

Re: Gave TARGET the boot !

bostonte — Sat, 06 Nov 2010 23:13:28 GMT

I would have kept it, even with a small limit.

Target has an ongoing all the time 5% instant discount when you pay with a Target card.

Re: Gave TARGET the boot !

laz98 — Sat, 06 Nov 2010 23:55:23 GMT

the fact that you rarely use it probably didn't help your case. even people that use their cards a lot have had $200 limits for a really long time.

Re: Gave TARGET the boot !

konabill — Sun, 07 Nov 2010 00:39:06 GMT

USAA gave me $2k mastercard My scores are all 725ish........ Target needs a new formula to determine credit limits. FED UP with little limits.

Re: Gave TARGET the boot !

Anonymous — Sun, 07 Nov 2010 15:53:13 GMT

I agree had the card more than 6 mos. called & asked for increase also denied. She had the nerve to tell me to keep it and use it for Xmas shopping, I laughed and told her r u kiddin' me? with a $200 limit. Told her to close it. Next is Orchard. Don't like the annual fee when I have cards with way higher limits & no fees.

Re: Gave TARGET the boot !

joestay — Sun, 07 Nov 2010 17:31:47 GMT

I hate it when your credit score increases a lot and your credit limit stays low or won't be increase at all. Good for you to close the target card. I would close my Cap1 card but it's my oldest card and I am saving it until I buy a house. Once I buy my house, I'm closing the Cap1 card and getting a different card.

Re: Gave TARGET the boot !

Anonymous — Sun, 07 Nov 2010 19:06:52 GMT

Why would anyone close a "free" card? And a store card as well.

no annual fee, 5% off shopping- I mean yeah 200 is not a lot, but I really do not do any big ticket shopping at Target but the 5% on what I do buy is nice.

I mean I can understand if you want a credit limit increase to buy an ipad at 5% off, but, free card, no real credit impact of too much credit with a low limit, and a discount on shopping. Im ok with it

Re: Gave TARGET the boot !

konabill — Sun, 07 Nov 2010 20:06:02 GMT

Why would anyone close a "free" card? And a store card as well.

As a consumer I will shop where my business is rewarded.

Why should we accept $200 limits from Target while others ( Walmart, Best Buy etc.) have given generous CLIs. as scores improve.

What is your cut-off ?

maybe a $100 credit limit?

Re: Gave TARGET the boot !

Anonymous — Sun, 07 Nov 2010 20:09:24 GMT

@Anonymous wrote:
Why would anyone close a "free" card? And a store card as well.

no annual fee, 5% off shopping- I mean yeah 200 is not a lot, but I really do not do any big ticket shopping at Target but the 5% on what I do buy is nice.

I mean I can understand if you want a credit limit increase to buy an ipad at 5% off, but, free card, no real credit impact of too much credit with a low limit, and a discount on shopping. Im ok with it

Why open a card you don't use? And why keep a card you don't intend to use? IMO, OP made a good decision dropping it.

For me, I opened a Target (good CL) in the spring and used it constantly all summer. I'm keeping mine.

Re: Gave TARGET the boot !

laz98 — Sun, 07 Nov 2010 20:10:44 GMT

i guess it depends how much you make, & how good you think your scores are. if you are making 6 figures, it probably feels more insulting to have only a $200 limit. but target may not agree with your estimation of your scores, no matter what the numbers are. i have been very lucky to have my CL raised to $1500, which is very good for me, especially considering my reports. having had bad credit for many years, i am much more patient when it comes to having my actions rewarded. i still think that if you are not using the card, there really is no reason for them to raise your CL.

Re: Gave TARGET the boot !

Anonymous — Sun, 07 Nov 2010 22:07:02 GMT

@Anonymous wrote:

@Anonymous wrote:
Why would anyone close a "free" card? And a store card as well.

no annual fee, 5% off shopping- I mean yeah 200 is not a lot, but I really do not do any big ticket shopping at Target but the 5% on what I do buy is nice.

I mean I can understand if you want a credit limit increase to buy an ipad at 5% off, but, free card, no real credit impact of too much credit with a low limit, and a discount on shopping. Im ok with it

Why open a card you don't use? And why keep a card you don't intend to use? IMO, OP made a good decision dropping it.

For me, I opened a Target (good CL) in the spring and used it constantly all summer. I'm keeping mine.

I simply do not see that many people spending more then $200 on every occasion they shop there. The card was opened, it has already hit your fico. it is not costing you anything to keep it open.

And the OP did not say they would quit shopping there.

My point is simple: an instore 5% discount. even on Apple products- which is about the only way you can get an Apple discount.

Yes if I move to a state with no Giant Eagles I will probably close that account.

Re: Gave TARGET the boot !

laryn41 — Mon, 08 Nov 2010 00:05:28 GMT

Been a target card holder since 2005. My Credit score has reached 745 and my limit has stayed at 200. Its totally bogas but I love my target card and plus I have had it a long time. I think maybe I am just lost in the system.

Re: Gave TARGET the boot !

Anonymous — Mon, 08 Nov 2010 01:49:43 GMT

@Anonymous wrote:
@Anonymous wrote:

@Anonymous wrote:
Why would anyone close a "free" card? And a store card as well.

no annual fee, 5% off shopping- I mean yeah 200 is not a lot, but I really do not do any big ticket shopping at Target but the 5% on what I do buy is nice.

I mean I can understand if you want a credit limit increase to buy an ipad at 5% off, but, free card, no real credit impact of too much credit with a low limit, and a discount on shopping. Im ok with it

Why open a card you don't use? And why keep a card you don't intend to use? IMO, OP made a good decision dropping it.

For me, I opened a Target (good CL) in the spring and used it constantly all summer. I'm keeping mine.
I simply do not see that many people spending more then $200 on every occasion they shop there. The card was opened, it has already hit your fico. it is not costing you anything to keep it open.

And the OP did not say they would quit shopping there.

My point is simple: an instore 5% discount. even on Apple products- which is about the only way you can get an Apple discount.

Yes if I move to a state with no Giant Eagles I will probably close that account.

From a practical point of view, most people pay their credit card bills when they are due. If that is your custom, , your Cl needs to be at least 3 or 4 times your monthly charges, to stay comfortably under your limit. If you are a regular customer, $200 is way too small. If you are not a regular customer, I don't see the point of having a card.

Re: Gave TARGET the boot !

mross1080 — Mon, 08 Nov 2010 02:28:35 GMT

I have the card and have a 300 limit. I wont spend more than 50 bucks on the card even though I pay it the next day. I just get squimish about even thinking about charging anywhere near my limit. There crappy limits is def. bad for there business. If I head out to go shopping with the DW and where going to buy a good amount of stuff I always head to walmart because they gave me a higher limit. Target only gets the leftover crumbs of small shopping trips. Its got to be at least a couple thousand a year there losing from just me.

Re: Gave TARGET the boot !

Anonymous — Mon, 08 Nov 2010 22:29:23 GMT

I can relate to BOTH sides of this! When I got mine which was fairly recently, I thought are you kidding me?? what the heck am I gonna do with $200?? But then I had to remember that at least I was approved and that maybe in time I'll have a reward coming??? My credit was crappy and I didn't care until I wanted to by a house then it all changed from there. Walmart only gave me $150...so I'll be working on getting that one higher

Re: Gave TARGET the boot !

marty56 — Mon, 08 Nov 2010 22:36:24 GMT

@Anonymous wrote:
Walmart only gave me $150...so I'll be working on getting that one higher

It took about 5 years but my Sams card went from 300 to 4100. For GEMB, don't ask for a CLI, let them come to you. Treat them right and they will.

IMHO Target sets CLs on in store applications not only on income but may look at FICO score more DW got an instant approval in store for 2k Target card last year but doesn't have the income to support it.

Re: Gave TARGET the boot !

Anonymous — Mon, 08 Nov 2010 22:44:48 GMT

I'm really new to the credit family so I was in TOTAL shock when I got a CC from OLD NAVY for $1,800 then JCPENNY for $700 which are both GEMB. So I love them as much as they love me . I have charged some but I have also paid back in really BIG chunks so I'm really happy with it!

Re: Gave TARGET the boot !

Anonymous — Tue, 09 Nov 2010 00:37:29 GMT

I have only had my target card a year. Used it alot and it was only 200.00. Then it, all of a sudden went to 1000.00 and now it is 1500.00. These took place about 4 months apart. I am very pleased with them.