topic Re: Applying for Target Store Card? Read this.... in Credit Cards

Applying for Target Store Card? Read this....

Anonymous — Mon, 09 Dec 2013 16:30:57 GMT

Hey Everyone,

I just got the big N-O from Target for their store charge card. However, I was able to convince the CSR to transfer me to an account analyst. She explained that if you have more than 6 hard inquiries (I had 8) in the past 90 days you will almost always get denied, regardless of FICO score. Apparently it's some limit with TD Bank, so I'll test this theory and reapply once I get below this threshold and update this thread.

Re: Applying for Target Store Card? Read this....

coldnmn — Mon, 09 Dec 2013 16:35:42 GMT

Sounds good, please keep us updated! Even though doing that may get you a low CLI. Gardening 6 months to a year may get you better results. Thanks for sharing.

Re: Applying for Target Store Card? Read this....

Anonymous — Mon, 09 Dec 2013 16:41:18 GMT

@coldnmn wrote:
Sounds good, please keep us updated! Even though doing that may get you a low CLI. Gardening 6 months to a year may get you better results. Thanks for sharing.

Re: Applying for Target Store Card? Read this....

alvon123 — Mon, 09 Dec 2013 17:20:15 GMT

Thanks for the info

Re: Applying for Target Store Card? Read this....

Anonymous — Mon, 09 Dec 2013 17:41:57 GMT

Can not wait for an update. They have told me NO. a few times.

Re: Applying for Target Store Card? Read this....

injustifiiable — Mon, 09 Dec 2013 20:35:44 GMT

Are they still pulling EQ now that it's gone over to TD?

TD usually likes EX.

Re: Applying for Target Store Card? Read this....

SunriseEarth — Mon, 09 Dec 2013 20:47:12 GMT

@Anonymous wrote:
Hey Everyone,

I just got the big N-O from Target for their store charge card. However, I was able to convince the CSR to transfer me to an account analyst. She explained that if you have more than 6 hard inquiries (I had 8) in the past 90 days you will almost always get denied, regardless of FICO score. Apparently it's some limit with TD Bank, so I'll test this theory and reapply once I get below this threshold and update this thread.

Sorry about your denial, but at least they gave you some valuable info.

I'm really on the fence about going for this CC when I make my garden escape in the spring. I do shop and Target and like the discount, but I don't like the low CLs handed out and having a card that can't really grow with you.

Re: Applying for Target Store Card? Read this....

DomoNomo — Mon, 09 Dec 2013 20:56:01 GMT

@injustifiiable wrote:
Are they still pulling EQ now that it's gone over to TD?

TD usually likes EX.

Target pulled EQ for me and that was 2 weeks ago.

Re: Applying for Target Store Card? Read this....

FinStar — Mon, 09 Dec 2013 20:59:20 GMT

It's unfortunate that they no longer offer the Target Visa. I'm glad I kept mine while it was available!

Re: Applying for Target Store Card? Read this....

Anonymous — Mon, 09 Dec 2013 20:59:42 GMT

@SunriseEarth wrote:
@Anonymous wrote:
Hey Everyone,

I just got the big N-O from Target for their store charge card. However, I was able to convince the CSR to transfer me to an account analyst. She explained that if you have more than 6 hard inquiries (I had 8) in the past 90 days you will almost always get denied, regardless of FICO score. Apparently it's some limit with TD Bank, so I'll test this theory and reapply once I get below this threshold and update this thread.
Sorry about your denial, but at least they gave you some valuable info.
I'm really on the fence about going for this CC when I make my garden escape in the spring. I do shop and Target and like the discount, but I don't like the low CLs handed out and having a card that can't really grow with you.

+1. It's very helpful to know, or at least have a good idea, of what the criteria is for approval/denial. We all want to avoid wasted apps. Thanks, OP, for sharing.

Re: Applying for Target Store Card? Read this....

Anonymous — Mon, 09 Dec 2013 21:04:48 GMT

The Target Redcard Debit Card works with all the same benefits of the CC, just it draws from your checking account, worth considering if you like target and 5% off, but don't want a low CL card =) Even 5% cash back can't beat 5% off, same bonus, no work, lol.

Re: Applying for Target Store Card? Read this....

codimom — Mon, 09 Dec 2013 21:11:05 GMT

^ +1

Re: Applying for Target Store Card? Read this....

RushXTC — Mon, 09 Dec 2013 21:12:49 GMT

I'm currently at 15 inquiries, When I was approved for Target, I had a bit over 10 inquiries.

Re: Applying for Target Store Card? Read this....

titanofold — Mon, 09 Dec 2013 21:13:19 GMT

@SunriseEarth wrote:
@Anonymous wrote:
Hey Everyone,

I just got the big N-O from Target for their store charge card. However, I was able to convince the CSR to transfer me to an account analyst. She explained that if you have more than 6 hard inquiries (I had 8) in the past 90 days you will almost always get denied, regardless of FICO score. Apparently it's some limit with TD Bank, so I'll test this theory and reapply once I get below this threshold and update this thread.
Sorry about your denial, but at least they gave you some valuable info.
I'm really on the fence about going for this CC when I make my garden escape in the spring. I do shop and Target and like the discount, but I don't like the low CLs handed out and having a card that can't really grow with you.

People have started with large initial CLs at Target, and people have received respectable CLIs over time. However, do you really need a large limit for a store CC?

I can't rember ever paying more than $200 for a transaction at Target....

Re: Applying for Target Store Card? Read this....

09Lexie — Mon, 09 Dec 2013 21:26:43 GMT

@RushXTC wrote:
I'm currently at 15 inquiries, When I was approved for Target, I had a bit over 10 inquiries.

You had 6+ in 90 days?

Re: Applying for Target Store Card? Read this....

missjae — Mon, 09 Dec 2013 21:35:58 GMT

Great information!

Re: Applying for Target Store Card? Read this....

lg8302ch — Mon, 09 Dec 2013 21:45:50 GMT

@Anonymous wrote:
The Target Redcard Debit Card works with all the same benefits of the CC, just it draws from your checking account, worth considering if you like target and 5% off, but don't want a low CL card =) Even 5% cash back can't beat 5% off, same bonus, no work, lol.

+ 1 ... did not want a store card on my credit so went for their debit card...no pulls, no low limit and no cut in AAoA..just not sure from which stage they would decline a debit transaction though ??

Re: Applying for Target Store Card? Read this....

SunriseEarth — Mon, 09 Dec 2013 22:17:03 GMT

@titanofold wrote:

People have started with large initial CLs at Target, and people have received respectable CLIs over time. However, do you really need a large limit for a store CC?

I can't rember ever paying more than $200 for a transaction at Target....

This is a very good question!

There's certainly some big ticket items that could swallow up a $200 CL there, like TVs or gaming systems. I've heard of someone being approved there with a $3K CL. I suppose I wouldn't "need" a limit like that, but it's nice to have wiggle room.

As for the general question of needing a large CL for a store CC, I think it largely depends on the store. I would love my JCP to grow, so I could make a major furniture purchase & take advantage of special financing offers. However, as my VS CC is only used at BBW, I'm fine with its small CL, as I don't think I'm ever going to buy $250 worth of things there at a time!

(edited for formatting issue)

Re: Applying for Target Store Card? Read this....

SoopremeBeing — Mon, 09 Dec 2013 22:19:34 GMT

I applied for one this morning, as I think the Target card would be more beneficial to me as the only retail card I would ever get(that and Kohls). They've denied me before but I had no idea about the inquiry limit. Even if I don't get approved, it's fine, because I will start gardening in Jan 2014. My goal is to not apply for anything until then.

Thanks for the info!

Re: Applying for Target Store Card? Read this....

brother7 — Mon, 09 Dec 2013 22:49:47 GMT

On Dec 17th, I applied in-store for the REDcard credit card and was approved for $2000. I don't know which CRA they pulled but my EQ and EX CRs are comparable and my EQ is around 750.