topic Re: Target Debit gets HP? in Credit Cards

Target Debit gets HP?

ztnjpv — Sun, 27 May 2012 03:24:42 GMT

Anyone know? I like the idea of 5% savings at Target. The debit version is fine. I have enough credit cards. But since it's just a debit, is there any inquiry? I'd like to think there isn't since there's really no risk for Target.

Re: Target Debit gets HP?

bostonte — Sun, 27 May 2012 03:42:36 GMT

How do you figure there's no risk? They're letting you leave the store with merchandise and/or cash (you can get cash over) with the promise of a successful ACH debit. They are granting you credit until the ACH is successfully settled.

Re: Target Debit gets HP?

ztnjpv — Sun, 27 May 2012 03:44:03 GMT

wouldn't the debit be denied if the funds weren't there? Maybe there's more involved than I am assuming. But I would think the you swipe, the money is debited. That's it. Maybe not?

Re: Target Debit gets HP?

livingfree — Sun, 27 May 2012 03:56:01 GMT

I have the Target Debit Card and they did not do a pull.

Re: Target Debit gets HP?

2NE1 — Sun, 27 May 2012 04:19:24 GMT

I applied in January for their debit card (cause I read that users who had it for 6 months were approved for their store card later) and there was no HP nor SP.

Re: Target Debit gets HP?

ztnjpv — Sun, 27 May 2012 13:43:39 GMT

thanks for the responses. It's a no brainer to have if you shop at target then. Not even a ding on the inquiries and you get 5% off.

Re: Target Debit gets HP?

Repo-ed — Sun, 27 May 2012 13:49:04 GMT

So the target card, if I were actually a shopper of their store, would give me the ability to only pay 4.25% sales-tax, instead of our usual 9.25% Heck of a deal!

Re: Target Debit gets HP?

OhioCPA — Sun, 27 May 2012 13:59:29 GMT

@Repo-ed wrote:
So the target card, if I were actually a shopper of their store, would give me the ability to only pay 4.25% sales-tax, instead of our usual 9.25% Heck of a deal!

A 5% savings is still a 5% savings.

Re: Target Debit gets HP?

Anonymous — Sun, 27 May 2012 13:59:58 GMT

9.25%? Yikes... Atleast the Target card would eliminate my 5% sales tax.

Re: Target Debit gets HP?

2NE1 — Sun, 27 May 2012 14:39:06 GMT

Yup! it's definitely a no brainer! I happen to have a family member that works there so I get 15% off thanks to the card!

Re: Target Debit gets HP?

Brusilov — Sun, 27 May 2012 15:08:52 GMT

@Repo-ed wrote:
So the target card, if I were actually a shopper of their store, would give me the ability to only pay 4.25% sales-tax, instead of our usual 9.25% Heck of a deal!

True but don't most states not charge sales tax on groceries?

Re: Target Debit gets HP?

2NE1 — Sun, 27 May 2012 15:58:35 GMT

I've never heard of this, but Target doesn't only sell groceries, they sell other household items as well, the way things get charged in VA is 5% tax. For food other places charge 2.5% tax, but everything else is 5%. I believe in NJ, clothing are tax free along with some other items. I can see how you can save a lot at Target in this state.

Re: Target Debit gets HP?

UFGuy2006 — Sun, 27 May 2012 16:01:05 GMT

@chaleria wrote:
I have the Target Debit Card and they did not do a pull.

Same here. Never received a hard pull.

Re: Target Debit gets HP?

Anonymous — Sun, 27 May 2012 16:19:20 GMT

I used to work at target and there should be no hard pull to your credit report. The only time there was a hard pull was when you was applying for the target CREDIT card not the target DEBIT card. You should be A OK. You save 5% when you use your Target DEBIT card too. :-)

Good Luck

Re: Target Debit gets HP?

Brusilov — Sun, 27 May 2012 16:26:41 GMT

@2NE1 wrote:
I've never heard of this, but Target doesn't only sell groceries, they sell other household items as well, the way things get charged in VA is 5% tax. For food other places charge 2.5% tax, but everything else is 5%. I believe in NJ, clothing are tax free along with some other items. I can see how you can save a lot at Target in this state.

Yeah, here both clothing and grocery (though not some snack/junk food) are tax exempt. Otherwise 7.775%.

And yeah, no pull here either for the Target card. I've had it for a couple years. I just think it's annoying than in this day in age you still have to fill out a paper application for both that and the store card. Really, Target?

Re: Target Debit gets HP?

Anonymous — Sun, 27 May 2012 16:39:18 GMT

I would have to look at the receipt, but I think you get the 5% off of your pretax total, then you are taxed on the remaining balance.

$100- $5 + 9.25% (8.79) =103.79

Target cannot give you a discount on taxes, so the above scenario is better than.

$100 + 9.25 - 5 = 104.25

Hmmmm, I think I want to see a Target liquor store

Re: Target Debit gets HP?

Brusilov — Sun, 27 May 2012 16:58:22 GMT

@Anonymous wrote:
I would have to look at the receipt, but I think you get the 5% off of your pretax total, then you are taxed on the remaining balance.

$100- $5 + 9.25% (8.79) =103.79

Target cannot give you a discount on taxes, so the above scenario is better than.

$100 + 9.25 - 5 = 104.25

Hmmmm, I think I want to see a Target liquor store

I actually happen to have a Target receipt in front of me and the 5% discount applies to the pre-tax amount. Also, yes...Target liquor would be fantastic.

Re: Target Debit gets HP?

Anonymous — Sun, 27 May 2012 17:06:18 GMT

Thanks Herr Fieldmarshal, that means my argument is valid, you are actually saving more than 5%. That is unless you live in Delaware, then it is only 5%.

Re: Target Debit gets HP?

Anonymous — Sun, 27 May 2012 22:22:23 GMT

I'm sure they check your ChexSystems report which shows bounced checks or bank account closures that were derogatory. You can get a free copy of that yearly.