topic Re: Target Red Card in Credit Cards

Target Red Card

Skye12329 — Sun, 08 Sep 2013 21:25:04 GMT

So from i have been told is that they do auto cli does that put a HI or no? Also i have a red card is it possible that they would upgrade it to the visa? I was reading their fine print and it said new applicants are not eligible for the visa so does that mean no one gets the visa instantly? My red card is almost a year old.

Re: Target Red Card

BearsAndTurtlesRtheBest — Sun, 08 Sep 2013 21:26:16 GMT

Target VISA in no longer available it might come back, and no you can not upgrade.

Re: Target Red Card

BearsAndTurtlesRtheBest — Sun, 08 Sep 2013 21:30:36 GMT

Im not sure if its a HP or SP with targets CLI. Someone else might know.

Re: Target Red Card

nursepower — Sun, 08 Sep 2013 23:44:18 GMT

I've had one of these stuck at a $500 limit for years. They never do auto CLI in my opinion. I'd close it if there were any fees attached to it. Also hubby has the Target Visa. He opened it with a $2900 limit and I made a huge $1000 payment once with our tax return and they decreased his limit so we were just a little under the new limit. It was very frustrating. I'm currently in the process of getting them paid off. $700 more to go.

Re: Target Red Card

Skye12329 — Mon, 09 Sep 2013 00:49:28 GMT

@nursepower wrote:
I've had one of these stuck at a $500 limit for years. They never do auto CLI in my opinion. I'd close it if there were any fees attached to it. Also hubby has the Target Visa. He opened it with a $2900 limit and I made a huge $1000 payment once with our tax return and they decreased his limit so we were just a little under the new limit. It was very frustrating. I'm currently in the process of getting them paid off. $700 more to go.

Target might be whats called "Chasing the balance" Where you keep paying and they will lower and lower your limit and then potentially close it automatically.

Now im wondering if auto CLI's are HP or SP still, and they seriously no longer do their Visa? Oh well, i have enough other cards for that...also no fees attached to my account.

Re: Target Red Card

bigblue7722 — Mon, 09 Sep 2013 00:54:49 GMT

I dont think i have ever read one good think about the target red credit card...Why wouldnt you just get the target red debit card it still saves 5% and you dont have to deal with most of these toy limits people have with this card

Re: Target Red Card

Skye12329 — Mon, 09 Sep 2013 01:01:39 GMT

@bigblue7722 wrote:
I dont think i have ever read one good think about the target red credit card...Why wouldnt you just get the target red debit card it still saves 5% and you dont have to deal with most of these toy limits people have with this card

What kind of bad things ar there with the Red Card? I have never had a problem yet, as for the debit card, i didnt understand Credit last year and life was rough so i did what i did to get by. So Credit would have been the only option at the time.

Re: Target Red Card

bigblue7722 — Mon, 09 Sep 2013 01:04:37 GMT

@Skye12329 wrote:
@bigblue7722 wrote:
I dont think i have ever read one good think about the target red credit card...Why wouldnt you just get the target red debit card it still saves 5% and you dont have to deal with most of these toy limits people have with this card
What kind of bad things ar there with the Red Card? I have never had a problem yet, as for the debit card, i didnt understand Credit last year and life was rough so i did what i did to get by. So Credit would have been the only option at the time.

I completely understand if life was rough and credit was the only option it just seems like every thread about the red card on this board is like, "I have had the card for 4 years still have a 200 dollar limit or something like that"

Re: Target Red Card

Brusilov — Mon, 09 Sep 2013 01:07:48 GMT

I hate to be a downer but unless TD drastically changes lending policies this card is known for staying at the initial $200-500 limit forever. They do not accept customer-initiated CLIs and very rarely give automatic CLIs. I have one and I like the 5% discount but I really have no expectation of it growing past its current limit.

The Visa hasn't been open to new applications since 2009-2010ish.

Re: Target Red Card

Ravensfan2001 — Mon, 09 Sep 2013 01:18:08 GMT

I got mine 11/2012 with a $200 CL. I've gotten 3 auto CLI since they changed to TD Bank. I'm at $800 now. I only use a small amount and PIF every month. Hmmm.

Re: Target Red Card

Skye12329 — Mon, 09 Sep 2013 01:19:15 GMT

@Brusilov wrote:
I hate to be a downer but unless TD drastically changes lending policies this card is known for staying at the initial $200-500 limit forever. They do not accept customer-initiated CLIs and very rarely give automatic CLIs. I have one and I like the 5% discount but I really have no expectation of it growing past its current limit.

The Visa hasn't been open to new applications since 2009-2010ish.

Ok thanks, this answers all my questions, i was wondering why i had such a small CL, but now i guess i will just the card for my small supplies needed. That way it stays being used.

Re: Target Red Card

bigblue7722 — Mon, 09 Sep 2013 01:22:59 GMT

@Skye12329 wrote:
@Brusilov wrote:
I hate to be a downer but unless TD drastically changes lending policies this card is known for staying at the initial $200-500 limit forever. They do not accept customer-initiated CLIs and very rarely give automatic CLIs. I have one and I like the 5% discount but I really have no expectation of it growing past its current limit.

The Visa hasn't been open to new applications since 2009-2010ish.
Ok thanks, this answers all my questions, i was wondering why i had such a small CL, but now i guess i will just the card for my small supplies needed. That way it stays being used.

Is there any idea on why target allows them to have such small cl? They sell tvs,laptops and other high price items it doesnt really make any sense to me...

Re: Target Red Card

Brusilov — Mon, 09 Sep 2013 01:24:38 GMT

@Ravensfan2001 wrote:
I got mine 11/2012 with a $200 CL. I've gotten 3 auto CLI since they changed to TD Bank. I'm at $800 now. I only use a small amount and PIF every month. Hmmm.

That's encouraging to hear. I've seen a handful of other recent posts saying they got inceases as well.

Re: Target Red Card

Brusilov — Mon, 09 Sep 2013 01:34:01 GMT

@bigblue7722 wrote:
@Skye12329 wrote:
@Brusilov wrote:
I hate to be a downer but unless TD drastically changes lending policies this card is known for staying at the initial $200-500 limit forever. They do not accept customer-initiated CLIs and very rarely give automatic CLIs. I have one and I like the 5% discount but I really have no expectation of it growing past its current limit.

The Visa hasn't been open to new applications since 2009-2010ish.
Ok thanks, this answers all my questions, i was wondering why i had such a small CL, but now i guess i will just the card for my small supplies needed. That way it stays being used.
Is there any idea on why target allows them to have such small cl? They sell tvs,laptops and other high price items it doesnt really make any sense to me...

Well if you look at it from their point of view there are few pro's to only giving smaller limits:

5% off on purchases between $0-500 is mostly going to cover household items and groceries that already have a good markup. If you can encourage repeat customers at a bit of a discount it means more profit for them.
it limits their potential losses
margins are smaller on higher priced electronics and other items in order to stay competitive, so lower CL limits them from unneccesarily cutting prices further

Re: Target Red Card

tbolt2 — Mon, 09 Sep 2013 02:15:31 GMT

@Brusilov wrote:
@Ravensfan2001 wrote:
I got mine 11/2012 with a $200 CL. I've gotten 3 auto CLI since they changed to TD Bank. I'm at $800 now. I only use a small amount and PIF every month. Hmmm.
That's encouraging to hear. I've seen a handful of other recent posts saying they got inceases as well.

Opened mine 11/2012 with a 200 limit.

Used it for the first time 07/2013, spent 90.00

paid 30.00 on the first bill

got a CLI to 700.00 in shortly thereafter....

wish everyone else would triple my limits right now

Re: Target Red Card

halos24 — Mon, 09 Sep 2013 04:34:35 GMT

I really think that their practices are changing since changing banks. I just opened my card a month ago approved for a 500 limit. I go to Target often, and plan on PIF. My sister was also just approved for 3k so I think that stating this card is doomed at 200 limits and will never grow is unfortunately what we hear, but not necessarily be true for all. I'm hoping that the new bank taking over will change things.

Re: Target Red Card

ginger1477 — Tue, 10 Sep 2013 02:02:28 GMT

Target is my go-to store so I had gotten the redcard and had been ok with the 200 limit since I didn't want to spend more than that a month on groceries and stuff. I would have about 150 charged per month and pay it off every month (really the only thing to do with a 200 limit card). Got the card in Decemeber of 2012 and noticed in July that my limit had been increased to 900. Guess that was about the time banks changed. Anyways, just wanted to chime in and say that the cards to increase limits and it may have been due to the rather heavy use.

Re: Target Red Card

Anonymous — Tue, 10 Sep 2013 02:32:28 GMT

I have had my card since 2004. To be fair, they did CLI to 500 soon after I got it. I did run into some lates while I was in school but did get the account back in good standing. They CLD me back to 200 wayyyy back when and no increase since. They are my oldest card. I do use them almost in full each month and usually PIF.

I did check my Target softs. It appears they are only softing Experian about every 8-9 months best I can tell. I was just softed in June and no increase.

I have since been on an App spree and now have over 30k in limits so maybe next time around they'll decide I'm worthy! haha

Re: Target Red Card

Anonymous — Sun, 24 Nov 2013 04:24:36 GMT

i went on a lil app spree when my credit score went up significantly back in march of this yr and was approved for target red card instantly for $200 in-store at customer service .. the temp card said it was an "initial limit" so i assumed it would be more than that when i got my card in the mail but i was WRONG! lol however i do use the card every wk and always pay several times a month just to use the 5% discount and apparently it was a good thing bc today to my suprise when i checked my account, as i always do before i go shopping, my limit was increased automatically to $400 ! I was in shock! at first i thought i made a mistake and accidently paid too much when i did my last online pmt.. lol then realized that my new statement was just cut and there was a new limit. So obviously now that they r backed by TD they r doing things a lot differently .. was hoping that i wld get upgraded to a visa but apparently they got rid of it? just thought id let those of u who just got this card know that they do def review ur acct for auto clis looks like its every 8mo or so..

Re: Target Red Card

FinStar — Sun, 24 Nov 2013 04:49:39 GMT

@Anonymous wrote:
i went on a lil app spree when my credit score went up significantly back in march of this yr and was approved for target red card instantly for $200 in-store at customer service .. the temp card said it was an "initial limit" so i assumed it would be more than that when i got my card in the mail but i was WRONG! lol however i do use the card every wk and always pay several times a month just to use the 5% discount and apparently it was a good thing bc today to my suprise when i checked my account, as i always do before i go shopping, my limit was increased automatically to $400 ! I was in shock! at first i thought i made a mistake and accidently paid too much when i did my last online pmt.. lol then realized that my new statement was just cut and there was a new limit. So obviously now that they r backed by TD they r doing things a lot differently .. was hoping that i wld get upgraded to a visa but apparently they got rid of it? just thought id let those of u who just got this card know that they do def review ur acct for auto clis looks like its every 8mo or so..

The Target Visa is no longered offered or available to PC but some of us on these forums still have it. Now, whether TD Bank decides to reintroduce it is anyone's guess - mostly speculation or rumors. On the upside, it appears your card was elegible for an auto-CLI whereas in most cases folks on these forums (or elsewhere) have been stuck with low CLs (~$200 or so) for ages.