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anyone know how starting lines of credit for the target credit card is like?

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SUPERSQUID
Valued Contributor

Re: target cc


@Anonymous wrote:

@FinStar wrote:

@Anonymous wrote:

had to fax license and ss card info and bank statement to the bank that handles target cc's.... uughhhhhh


Well, if TD Bank 'sucks' so much (along with your opinion about NFCU) why even do business with them or even pursue the Target RedCard? Isn't that going to create lots of agony for you?


its worth it in the end. but right now its pain lol

 

honestly, i might cancel my navy fed card this week... haha


There must be something on your credit reports causing td bank to ask for all that proof, from my personal experience and the many posts i've read about td this is the first time i've heard of them asking for all that proof.

 

As far as nfcu, i am really hoping for an unsecured card when i app in january.  i know when i do an external transfer from my bank to nfcu it takes 1-2 days and the money is in my nfcu accounts. its only one extra step to pay a cc from there.

 

best of luck

{ BK7 DC 12/2019 } target 1600/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 21 of 29
Anonymous
Not applicable

Target credit line growth

Currently my new card is at $2200. How long does it approximately take to grow it to $10K and convert it to a Mastercard? And do they give random unsolicited CLIs along the way? Thx

Message 22 of 29
rostrow416
Established Contributor

Re: Target credit line growth

For some it takes forever.  For others, auto CLIs come like clockwork.

AMEX Gold | Purdue FCU $20,000 | FNBO Evergreen $15,000 | TFCU Plat Visa $15,000 | PenFed Platinum Rewards $15,000 | PenFed Pathfinder $15,000 | Citizen's Bank Cash Back+ $15,000 | Synchrony Premier MC $10,000 | SG Visa $10,000 | NFCU MoreRewards $7,000 | NFCU cashRewards $17,000 | Discover IT $6,000 | Capital One BuyPower $950 | AMEX BCP $5,000 | AMEX Amazon Prime Business $3,000

B&H Payboo Card $15,000 | Amazon Prime Card $10,000 | PC Richard Card $15,000 | Target RedCard $2,000 | Walmart Store Card $1,400 | Shell Gas Card $1,200 | Overstock Store Card $7,000 | Kohl's Store Card $3,000


Spring Cleaning:
C̶a̶p̶i̶t̶a̶l̶ ̶O̶n̶e̶ ̶Q̶u̶i̶c̶k̶S̶i̶l̶v̶e̶r̶ ̶$̶1̶,̶0̶0̶0̶ | C̶r̶e̶d̶i̶t̶ ̶O̶n̶e̶ ̶V̶i̶s̶a̶ ̶$̶1̶,̶2̶0̶0̶ | M̶e̶r̶r̶i̶c̶k̶ ̶B̶a̶n̶k̶ ̶$̶2̶,̶7̶0̶0̶ | M̶a̶r̶v̶e̶l̶ ̶M̶a̶s̶t̶e̶r̶c̶a̶r̶d̶ ̶$̶1̶,̶̶2̶0̶0̶ | C̶o̶m̶e̶n̶i̶t̶y̶ ̶M̶a̶s̶t̶e̶r̶C̶a̶r̶d̶ ̶$̶1̶,̶1̶8̶0̶
Message 23 of 29
Anonymous
Not applicable

Re: Target credit line growth

Everyone starts out as a store card. My original card was a $2K CL. Then nothing for 25 months. Finally an upgrade to a MasterCard with a 10K limit.  No two people are the same though. You never know with TD bank what they will do. I am not even sure they know what they are doingSmiley Tongue

Thanks

Mark

Message 24 of 29
SUPERSQUID
Valued Contributor

Re: Target credit line growth


@Anonymous wrote:

Currently my new card is at $2200. How long does it approximately take to grow it to $10K and convert it to a Mastercard? And do they give random unsolicited CLIs along the way? Thx


My cl is tiny compared to yours but i did get one cli at 8 months after i updated my income. i usually kept a reasonable balance on the card but the last few months i pif before statement cuts. from what i read they like to see regular usage on the card.

my cli was 300-500

{ BK7 DC 12/2019 } target 1600/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 25 of 29
coldfusion
Community Leader
Mega Contributor

Re: Target credit line growth

Emperically, following these steps is reputed to give the best odds of getting CLIs and Mastercard conversions.

 

- Use the card every month. 

- Always PIF after the balance reports, but never carry a balance month-to-month.

- Update your income online every month, even if your income does not change. 

 

TD Bank marches to their own drum and up until now nobody has come up with a reliable way of predicting what thresholds each person needs to reach in order to get an auto-CLI or to have the card converted to a Mastercard

(3/2024)
FICO 8 (EX) 846 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 26 of 29
FalconSteve
Valued Contributor

Re: Target credit line growth

My first REDcard only get CLIs when I updated the income. It was closed for non use. My second REDcard is from February 2020 and the 'human malware' coupled with low use, so I'm still at my SL. I update right before my statement close an at the beginning of every calendar month (even though nothing changes), but once per statement is likely plenty.

1/8/17 Discover $18300 CL- $1k SL- AU, wife
1/26/20 AmEx Cash Magnet $35k CL, wife
2/19/20 BB&T/Truist Rewards $11k SL- impulse application
2/22/20 Citi Double Cash WEMC $2.9k-->$4.4k-->$8.4k-->$13.4k-->$17.4k-->$19.4k-->$22.4k AU, wife
3/8/20 Wells Fargo Propel AmEx/Autograph VISA $2900-->$3200-->$5000-->$8800 CL- AU, wife
3/9/20 Truist Rewards $11k SL- AU, wife- impulse app
3/21/20 REDcard MasterCard (TD Bank) $2500-->$6000-->$6500 CL
11/24/20 AmEx Cash Magnet $10k SL-->36hr-->$20k-->$35k CL
6/10/21 SoFi World Elite MC (TBOM) $7000 SL
1/19/22 AppleCard/GS $6k-->$10k-->$11k AU, wife
8/15/22 Chase freedom flex $10.3k SL-->$12.5k-->$15k AU, wife
7/5/23 Lowes/Synchrony $4k-->$10k-->same day-->$35k CL
8/2/23 Chase freedom flex $19k --> $22.8 CL
8/2/23 Discover $8k SL
Message 27 of 29
FalconSteve
Valued Contributor

Re: Target credit line growth


@coldfusion wrote:

- Use the card every month. 


Will even small balances help?

1/8/17 Discover $18300 CL- $1k SL- AU, wife
1/26/20 AmEx Cash Magnet $35k CL, wife
2/19/20 BB&T/Truist Rewards $11k SL- impulse application
2/22/20 Citi Double Cash WEMC $2.9k-->$4.4k-->$8.4k-->$13.4k-->$17.4k-->$19.4k-->$22.4k AU, wife
3/8/20 Wells Fargo Propel AmEx/Autograph VISA $2900-->$3200-->$5000-->$8800 CL- AU, wife
3/9/20 Truist Rewards $11k SL- AU, wife- impulse app
3/21/20 REDcard MasterCard (TD Bank) $2500-->$6000-->$6500 CL
11/24/20 AmEx Cash Magnet $10k SL-->36hr-->$20k-->$35k CL
6/10/21 SoFi World Elite MC (TBOM) $7000 SL
1/19/22 AppleCard/GS $6k-->$10k-->$11k AU, wife
8/15/22 Chase freedom flex $10.3k SL-->$12.5k-->$15k AU, wife
7/5/23 Lowes/Synchrony $4k-->$10k-->same day-->$35k CL
8/2/23 Chase freedom flex $19k --> $22.8 CL
8/2/23 Discover $8k SL
Message 28 of 29
disdreamin
Valued Contributor

Re: Target credit line growth

I run a fair amount of money through my Redcard and it's still a store card with a relatively small limit. Not sure what they don't like about my profile, but they definitely don't seem to want to upgrade me to a MC.

Message 29 of 29
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