Target temporary limit

[Anonymous]

My DW applied and was approved for a Target Visa card. She was given a CL of $2000.  When she received her card in the mail today it said that she had a temporary limit of $300 and that her full limit would be available in 7-10 days.  Is this a standard practice for Target? Has anyone else had this happen to them?

[Anonymous]

Is this a real post or a prank?

[Anonymous]

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@Anonymous wrote:

Is this a real post or a prank?

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This a real post or I wouldn't have posted it. 

[Anonymous]

Target doesn't have a Visa card.  They have a Mastercard card.  Even then, they haven't allowed applications for their cobranded card in years.

[Anonymous]

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@Anonymous wrote:

Target doesn't have a Visa card.  They have a Mastercard card.  Even then, they haven't allowed applications for their cobranded card in years.

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I'm not sure if it was a Mastercard or Visa.  I'm traveling for work and she told me this over the phone.  I do know that she applied for a Target credit card. 

[Anonymous]

Looks like it was the Target Red Card that she was approved for.

[Anonymous]

It'd have to be the regular retail card then.  Though as to your root question, Target is effing wierd/crazy with the credit product.  They have NO norms what so fracking ever.  You're DW is very lucky to get that high of a limit though.  The funny thing is they seem to give the highest limits to those most likely to carry a balance.  People with great credit get crap CL's and never get an increase, while folx with building/struggling credit and lower incomes get thousands.

Hmm....... It just dawned on me that Target is quite possibly a predatory lender.

[Anonymous]

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@Anonymous wrote:

It'd have to be the regular retail card then.  Though as to your root question, Target is effing wierd/crazy with the credit product.  They have NO norms what so fracking ever.  You're DW is very lucky to get that high of a limit though.  The funny thing is they seem to give the highest limits to those most likely to carry a balance.  People with great credit get crap CL's and never get an increase, while folx with building/struggling credit and lower incomes get thousands.

Hmm....... It just dawned on me that Target is quite possibly a predatory lender.

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That's interesting.  I hope her luck crosses over to the lottery.

[KSK1912]

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@Anonymous wrote:

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@Anonymous wrote:

It'd have to be the regular retail card then.  Though as to your root question, Target is effing wierd/crazy with the credit product.  They have NO norms what so fracking ever.  You're DW is very lucky to get that high of a limit though.  The funny thing is they seem to give the highest limits to those most likely to carry a balance.  People with great credit get crap CL's and never get an increase, while folx with building/struggling credit and lower incomes get thousands.

Hmm....... It just dawned on me that Target is quite possibly a predatory lender.

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That's interesting.  I hope her luck crosses over to the lottery.

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Congrats to DW. Just read some horror stories here with people getting a $300 limit and no increase for 10/15 years In my opinion she already hit the lottery with that SL.

[CountryLivin]

Yes, Target does have Temporary limits....but I've never seen it on a physical card.....it's usually a temporary limit when you app in store and then when approved, the cashier will give you a temporary card with a temporary limit, which is only until you receive your physical card.