Target Redcard CLI Point of Reference

[Aduke1122]

I don't blame you I was just saying if worse comes to worse and you can't get any CLI you may have to let a balance report. I read another thread the other day where someone has had the card for 2 years without any CLI , they let a balance report and bam CLI once the statement cut.

[manyquestions]

Yup. I  had it for years and was stuck at a $200 credit limit because I always paid before the statement cut. After reading of others success, I started letting it report each month before paying in full and now I am getting CLI every few months. 

[Anonymous]

Maybe after the 3 or 6 month mark I'll let it report they definitely aren't giving any CLI's sooner than that.

[manyquestions]

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@Anonymous wrote:
I let my other card report I prefer not to let Target or Kohl'a run a balance just in case because they have 25% APR

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You won't pay any interest if you pay the previous statement balance before the due date.  We aren't talking about carrying a balance, we are referring to letting the statement cut before paying the balance in full. You can pay most off it off like you are doing now, but let a couple dollars report on the statement each month.  I have paid zero interest since I began letting the balance report monthly before paying it off.

[fltireguy]

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@Anonymous wrote:
I let my other card report I prefer not to let Target or Kohl'a run a balance just in case because they have 25% APR

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It doesnt matter if the APR is 432% - pay it in full by the due date, and there wont be any finance charges due

[Anonymous]

Well for DH, I'm AU on it, the first CLI was without a balance reporting, didn't get anymore increases after that because we PIF before the statement closes. However I tested the letting a balance report and bam CLI the same day the new statement generated. We PIF'd that one over two payments before the due date, cost me $3 in trailing interest. Quoted as a minimum interest charge. And guess what. They reported that $3 to the CRAs lol. I didn't even realize it until Fico sent DH an alert that said Retail Trades on TU was $3. Checked accounts and sure enough Target cut the new statement for $3. Now the card is at $1200. I'm letting half of a $200 balance report on the 3rd (closing date) to see if another CLI happens, if not, no more balance reporting since they like trailing interest.

I think they get a bit loose if you let them have some interest lol

[Anonymous]

On the flip-side I have actually done pretty well with CLIs on my Target card. Started at $300 in 5/2015 and got a CLI to $2600 this month via 5 CLIs. 

Check out my thread here.