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

squarebasketball
Frequent Contributor

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

also, ive read that if you buy a preorder item, target will keep re-authorizing the charge and will run down the credit limit of the card. is this true?

Message 1 of 29
28 REPLIES 28
BearsCubsOtters
Frequent Contributor

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


@squarebasketball wrote:

also, ive read that if you buy a preorder item, target will keep re-authorizing the charge and will run down the credit limit of the card. is this true?


If you go to the Approvals forum and search "Target" there are several threads that come up:

 

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/bd-p/App_Approvals

 

From what I can gather, it seems the answer is very dependant of credit and the SL's typically range between $200 and $2,000

 

And in the Applications forum, there is this thread from last year wherein people describe their SL and subsequent CLI's:

 

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Target-RedCard-CLI-s-and-CLD-s/m-p/6169480...

 

Hope that helps somewhat. I will have to let someone else answer your question about the re-authorization. 

Message 2 of 29
squarebasketball
Frequent Contributor

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

thank you very much!

Message 3 of 29
squarebasketball
Frequent Contributor

target cc

Your application has been received and will be reviewed. We will notify you by mail within 7-10 days. **BLEEP!!!!BLEEP!!!!BLEEP!!!!** lol there's no way i should be denied... is there a number to call? EDIT: nvm. found number. will call in the morning

 

Message 4 of 29
SUPERSQUID
Frequent Contributor

Re: target cc


@squarebasketball wrote:

Your application has been received and will be reviewed. We will notify you by mail within 7-10 days. **BLEEP!!!!BLEEP!!!!BLEEP!!!!** lol there's no way i should be denied... is there a number to call? EDIT: nvm. found number. will call in the morning

 


That stinks. i started my rebuild with a few cards including the target red card in sept/oct 2020. i think my scores were in the low 600's then and income in the mid 30's, bk7 dc in 12/2019.

dont set your expectations too high as far as sl, they gave me 300. but i burned td bank for 8k in bk7 12/2019.

i wish you the best. mine was instant decision,no wait

target 500 kohls 700 discover 3k mercury 3350 ollo 600 mission lane 1050 big lots 750 ikea 550 valero 300 firestone 2800 legacy 1500 first savings bank cc 1500 cap1 QS 1800 fingerhut 2600
Message 5 of 29
mark3038
Established Contributor

Re: target cc

While most banks have lowered their lending criteria for credit cards, TD Bank that issues the Target card has become more strict. I have several TD cards and will never ask for another card or another CLI. Their CLIs are small as well, again, not worth the HP.

Thanks

Mark

Message 6 of 29
Remedios
Moderator

Re: target cc

Which bank lowered UW standards?

Message 7 of 29
Remedios
Moderator

Re: target cc

I mean, I can start and you can correct me 

 

Chase, tightened by including cobranded  cards when it comes to 5/24 (also excluded applicants with BK).

 

Citi, tighter UW criteria.

 

US Bank brutally tighter criteria.

 

Amex, much tighter criteria.

 

Synchrony approval critera same, account management scrutinized to the point of 100 pages mega thread. 

 

BoA, never easy to begin with, no loosening in UW criteria.

 

WF, same as BoA.  

 

Discover, same UW criteria but plot twist with IV for many. 

 

 

 

 

Message 8 of 29
FinStar
Moderator

Re: target cc


@Remedios wrote:

Which bank lowered UW standards?


I'm curious as well. @mark3038 -- can you be more specific on which lenders have done so?  You stated "most". I'm sure the community is curious as well.

Message 9 of 29
squarebasketball
Frequent Contributor

Re: target cc

wow. called to verify some details and still returned with 7-10 day message via mail. horrible bank lol

Message 10 of 29
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