topic Re: Target RedCard in Credit Cards

Target RedCard

Anonymous — Tue, 17 Jan 2012 20:43:04 GMT

So my DW and I were in Target the other day and the RedCard caught our attention....the 5% off seems like a very nice deal. We plan to PIF of course because it's the only way we stay above water! I've done some searching on. The boards and google and I'm not exactly sure what is still offered by Target...do they still offer the Visa CC or do they only offer the store card now? Thanks! Also any personal experiences/opinions are welcome!

Re: Target RedCard

Juan123 — Tue, 17 Jan 2012 20:44:48 GMT

i havent seen a target visa, and honestly the 5% isn't even worth it, wont even cover tax >_< plus low limits given and not CLI friendly.

Re: Target RedCard

learnin113 — Tue, 17 Jan 2012 20:47:22 GMT

Target offers a store credit card and apparently a debit card only. No Visa. Initial credit offered is low, and increases are few and far in between. Good luck.

Re: Target RedCard

CS800 — Tue, 17 Jan 2012 20:52:16 GMT

@Juan123 wrote:
i havent seen a target visa, and honestly the 5% isn't even worth it, wont even cover tax >_< plus low limits given and not CLI friendly.

True unless you live in a state with no sales tax like: Alaska, Delaware, Montana, New Hampshire and Oregon, then you get the full 5%. Other wise your 5% will barely cover or not cover your sales tax at all. in MA the sales tax is 6.25%

You can also benefit when your state has special 'tax free' days

Re: Target RedCard

Juan123 — Tue, 17 Jan 2012 20:55:02 GMT

here in ny, sales tax is 8.375% >_< they should really up the savings to 10% like most of the other retail stores.

Re: Target RedCard

Ron1 — Tue, 17 Jan 2012 20:57:36 GMT

Yes, they don't offer Target Visa any more. I have both store card and Visa. Target Visa doesn't get any 5% rewards outside of Targer.

Ron.

Re: Target RedCard

CS800 — Tue, 17 Jan 2012 20:59:44 GMT

@Juan123 wrote:
here in ny, sales tax is 8.375% >_< they should really up the savings to 10% like most of the other retail stores.

And im complaining about 6.25%

MA is scheduled to hopefully go back down to 5% this year..

Welcome to Taxachusetts

Re: Target RedCard

RockinRay — Tue, 17 Jan 2012 21:08:47 GMT

I have both the Visa and the Red Card...

Depending on your scores, etc... they will hit you high or low on the CL. The first time I tired with them for the Red Card, they gave me a nice $200 line to work with. Needless to say, that card just got cut up and never used.

I tried this to see how it would work and had very good results.

1. App and get the Target Debit Card. They will ask for your social during this app but no pull.

2. Use the Debit card for about 6 months or so to establish with them.

3. After that 6 months, apply for the Red Card.

In my case, I did just this and when I app'd, they gave me a $2500 CL on the card. Not too bad.

They must do some kind of internal tracking / scoring based on your use of the card and that might help. I am not sure but rahter sharing what happened for me.

Generally, it took them 2 business days to pull from my checking account.

I hope this helps you out!

Re: Target RedCard

flowfaster — Tue, 17 Jan 2012 21:10:53 GMT

I love the target card except for the $200 limit OMG im going crazy cuz they will not increase my limit. Besides that I love the card because my GF gets her meds at the pharmacy so we get 10% off quite often. If you shop and use their pharmacy the target card is worth it.

Re: Target RedCard

Juan123 — Tue, 17 Jan 2012 21:13:32 GMT

do you permanatly get 5% off or is it only the day you get the card?

Re: Target RedCard

RockinRay — Tue, 17 Jan 2012 21:22:26 GMT

@Juan123 wrote:
do you permanatly get 5% off or is it only the day you get the card?

Every time you shop there. And the pharm discounts are cool too. Refill 5, get a cert in the mail for an addittional 5% off for a full day shopping there.

You really cannot beat the 5% at the register. We combine coupons and buy sale items and have saved some big money.

Re: Target RedCard

Juan123 — Tue, 17 Jan 2012 21:24:53 GMT

hmm.. then maybe it is a good idea... too bad they give (usually) low limits =/ i love target. go there weekly.

Re: Target RedCard

RockinRay — Tue, 17 Jan 2012 21:27:45 GMT

@Juan123 wrote:
hmm.. then maybe it is a good idea... too bad they give (usually) low limits =/ i love target. go there weekly.

Well you could cold app and see what happens or try my trick that I stated earlier. That worked and I now have that nice $2500 line...

Re: Target RedCard

Mike360 — Tue, 17 Jan 2012 21:36:16 GMT

everytime i hear about someone getting a target card it's usually $200CL. I got mine 3 years ago with a EQ Fico of 713 at the time of app. No increase in 3 years and it's a waste to ask. they are worse then capital one on limits and increases.

Re: Target RedCard

LEXiiON — Tue, 17 Jan 2012 22:10:09 GMT

DW got one last year. Inital CL $1K. She has Autopay for the full amount. After 6 month Auto-CLI to $1.5K, this months Auto-CLI to $2.2K. Can't complain.

LEXiiON

Re: Target RedCard

JusdoNit — Tue, 17 Jan 2012 22:23:58 GMT

It sure is nice to read about some Target love. Mines will come (smile)

Re: Target RedCard

lithium78 — Tue, 17 Jan 2012 22:35:06 GMT

5% off is pretty good for any credit card. There's no tax on clothing in NJ, so I cleaned up on black Friday this past year.

Re: Target RedCard

Anonymous — Tue, 17 Jan 2012 22:40:59 GMT

Personally, my DW's card has been stuck at $200 for a few years. But lately I've read on the board about opening lines being much better. And if you shop there frequently, then it might be a good card for the 5%.

Re: Target RedCard

Anonymous — Wed, 18 Jan 2012 00:41:16 GMT

@Anonymous wrote:
So my DW and I were in Target the other day and the RedCard caught our attention....the 5% off seems like a very nice deal. We plan to PIF of course because it's the only way we stay above water! I've done some searching on. The boards and google and I'm not exactly sure what is still offered by Target...do they still offer the Visa CC or do they only offer the store card now? Thanks! Also any personal experiences/opinions are welcome!

Very happy with Target. 5% all the time is a good discount, IMO. They gave me $1K limit. They stopped offering VISA about 2 years ago.

Re: Target RedCard

2NE1 — Wed, 18 Jan 2012 01:27:30 GMT

@RockinRay wrote:
@Juan123 wrote:
hmm.. then maybe it is a good idea... too bad they give (usually) low limits =/ i love target. go there weekly.
Well you could cold app and see what happens or try my trick that I stated earlier. That worked and I now have that nice $2500 line...

that's a nice strategy... I was originally planning to do this so I could be approved for their store card since my scores aren't that well at the moment... I do shop there a lot since I already have 10% off employee discount from a family member