Target Red Card, requirements and experiences?

Anonymous · ‎06-20-2018

Hey FICO Fam! So as of right now, I am waiting for my scores to update to reflect my 3% ultization with my C1 and FP cards(statements just cut 2 days ago) and waiting for my SDFCU Card and Loan to show on my report. Once that jumps my scores. I was going to app for the Discovered Secured and the "Target Red Card". I wanted to know for people who have the Target card, who did they pull from and what was your score at the time?

Thank you in advance! :-)

Scupra · ‎06-20-2018

@Anonymous wrote:
Hey FICO Fam! So as of right now, I am waiting for my scores to update to reflect my 3% ultization with my C1 and FP cards(statements just cut 2 days ago) and waiting for my SDFCU Card and Loan to show on my report. Once that jumps my scores. I was going to app for the Discovered Secured and the "Target Red Card". I wanted to know for people who have the Target card, who did they pull from and what was your score at the time?

Thank you in advance! :-)

Seems like you have 3 revolvers and 1 installment? You have what is needed to rebuild at this point. I would focus on applying for things that will grow with you and benefit your profile/spending. Don't shoot yourself in the foot by going after a secured card first, try unsecured if anything. Can I ask what about the Target card makes you want one?

Anonymous · ‎06-20-2018

@Scupra wrote:
@Anonymous wrote:
Hey FICO Fam! So as of right now, I am waiting for my scores to update to reflect my 3% ultization with my C1 and FP cards(statements just cut 2 days ago) and waiting for my SDFCU Card and Loan to show on my report. Once that jumps my scores. I was going to app for the Discovered Secured and the "Target Red Card". I wanted to know for people who have the Target card, who did they pull from and what was your score at the time?

Thank you in advance! :-)
Seems like you have 3 revolvers and 1 installment? You have what is needed to rebuild at this point. I would focus on applying for things that will grow with you and benefit your profile/spending. Don't shoot yourself in the foot by going after a secured card first, try unsecured if anything. Can I ask what about the Target card makes you want one?

Thank you for responding. So yes, the last card I wanted to get before I start gardening was the Discover card mainly. Just to get my foot in the door and build a relationship with them. I figured I would add atleast "one" store card to the mix, since I would not app for anything else for the next 6 months starting on 07.01. I honestly am doing it for the mix of credit, don't plan on using it. And if so, a low amount. I pretty much am doing the AZEO technique as of right now.

Anonymous · ‎06-20-2018

I was approved at 1 month post discharge. However i had a ch7 and you are ch13 and have not received discharge.

Anonymous · ‎06-21-2018

I'm confused. You FILED for BK13 late 2017 and you are applying for credit? That sort of thing has to be cleared through the trustee and quite frankly I am shocked you've been able to get anything, secured or not.

Anonymous · ‎06-21-2018

Also they pull Equifax and I wouldnt think they are going to give you one if you are still in bankruptcy 13. Arent you on a payback plan for 5 years?

Anonymous · ‎06-21-2018

@Anonymous wrote:
I'm confused. You FILED for BK13 late 2017 and you are applying for credit? That sort of thing has to be cleared through the trustee and quite frankly I am shocked you've been able to get anything, secured or not.

Yes, hi Junie. Before applying for any new credit, secured or unsecured. I consulted with my attorney's office and was advised with the proper limit amount before I need to seek Trustee approval. Though I am on a payback plan, I was approved to build while in the plan.

Datx · ‎06-23-2018

Hi there. I don't know if this will help or not, I forgot the details when I app'ed for the Red Card. But I know I was about 6 months post CH7 discharge. My scores were probably low 600s. I had only two cards opened at the time and was very early in the rebuilding phase. I was approved for $300 and they pulled my EX report in 12/2016. A received about 3-4 CL increases since then, and my latest CLI was just a month ago for $500. Currently my CL is now at $1700. Hope this helps.

Anonymous · ‎06-23-2018

@Datx wrote:
Hi there. I don't know if this will help or not, I forgot the details when I app'ed for the Red Card. But I know I was about 6 months post CH7 discharge. My scores were probably low 600s. I had only two cards opened at the time and was very early in the rebuilding phase. I was approved for $300 and they pulled my EX report in 12/2016. A received about 3-4 CL increases since then, and my latest CLI was just a month ago for $500. Currently my CL is now at $1700. Hope this helps.

Yes it helps alot, thank you very much. I decided, once my scores update. I am going to garden for about 4 months and build payment history. Things move MUCH slower in a BK13 than a BK7 because technically I have not discharged. So I am learning "patience" at this point in time. lol

Datx · ‎06-23-2018

@Anonymous wrote:
@Datx wrote:
Hi there. I don't know if this will help or not, I forgot the details when I app'ed for the Red Card. But I know I was about 6 months post CH7 discharge. My scores were probably low 600s. I had only two cards opened at the time and was very early in the rebuilding phase. I was approved for $300 and they pulled my EX report in 12/2016. A received about 3-4 CL increases since then, and my latest CLI was just a month ago for $500. Currently my CL is now at $1700. Hope this helps.
Yes it helps alot, thank you very much. I decided, once my scores update. I am going to garden for about 4 months and build payment history. Things move MUCH slower in a BK13 than a BK7 because technically I have not discharged. So I am learning "patience" at this point in time. lol

Sounds like a good plan. And yes, patience is key. Also, I see that you have established a relationship with SDFCU. I don't know how they are when it comes to lending during a BK13, but they are the first lender to approve me for an unsecured CC with my highest CL of $5K after discharge. Be good to them, I am sure they will help you grow.