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

SUPERSQUID
Frequent Contributor

Re: target cc


@squarebasketball wrote:

@FinStar wrote:

@squarebasketball 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 500 kohls 700 discover 3k mercury 3350 ollo 600 mission lane 1050 big lots 750 ikea 750 valero 300 firestone 2800 legacy 2000 first savings bank cc 1500 cap1 QS 1800 fingerhut 1950
Message 21 of 29
squarebasketball
Frequent Contributor

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
Frequent 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 | Synchrony Premier MC $10,000 | SG Visa $10,000 | NFCU MoreRewards $7,000 | NFCU cashRewards $17,000 | Discover IT $5,000 | Capital One BuyPower $950 | 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
mark3038
Established Contributor

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
Frequent Contributor

Re: Target credit line growth


@squarebasketball 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 500 kohls 700 discover 3k mercury 3350 ollo 600 mission lane 1050 big lots 750 ikea 750 valero 300 firestone 2800 legacy 2000 first savings bank cc 1500 cap1 QS 1800 fingerhut 1950
Message 25 of 29
coldfusion
Community Leader
Super 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



(10/2021)
FICO 8 (EX) 804 (TU) 830 (EQ) 827
FICO 9 (EX) 828 (TU) 841 (EQ) 842

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 26 of 29
FalconSteve
Established 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.

SoFi World Elite MC (TBOM) $7000 SL
REDcard (TD Bank) $2500 SL
AmEx Cash Magnet $10k SL, CLI after 36hr to $20k- $30k CL
BB&T Rewards $11k SL- impulse application
BB&T Rewards $11k SL- AU, not on reports- impulse app (wife's card)
Discover $8800 CL- $1k SL- AU, no longer on reports b/c of error (wife's card)
Citi Double Cash WEMC $8400 CL- AU- (wife's card)
AmEx Cash Magnet $27,900 CL (wife's card)
BoA Cash Rewards $11k CL- AU (Dad's card)
BoA Premium Rewards $12.3k CL- AU (Dad's card)
PSECU Founder's Card $30k SL- AU (Dad's card; closed on some reports)
AmEx Cash Magnet $30k CL- AU (Dad's card)
Wells Fargo Propel AmEx $3200 CL (AU, wife's card, not on CR b/c I was temporarily removed as an AU)

Credit Scores for both of us around 800, depending on what you pull & balances. All PIF, frequently before statement close
Goals: Buy a house, AOD VISA Signature card (or other 3% cashback), Chase Freedom Flex, $250k on CR, $100k NOT including AU accounts
Closed accounts (long period of inactivity): AmEx clear, Citi ThankYou (previously Driver's Edge), Chase Freedom, Cap One, Discover IT, Lowes, 1st REDcard, Buy.com Visa, Children's Place, Kohl's, Angel Card (AU- wife's), Old Navy, Wells Fargo Active Cash (2%)- $2k SL- AU (wife's card)
Message 27 of 29
FalconSteve
Established Contributor

Re: Target credit line growth


@coldfusion wrote:

- Use the card every month. 


Will even small balances help?

SoFi World Elite MC (TBOM) $7000 SL
REDcard (TD Bank) $2500 SL
AmEx Cash Magnet $10k SL, CLI after 36hr to $20k- $30k CL
BB&T Rewards $11k SL- impulse application
BB&T Rewards $11k SL- AU, not on reports- impulse app (wife's card)
Discover $8800 CL- $1k SL- AU, no longer on reports b/c of error (wife's card)
Citi Double Cash WEMC $8400 CL- AU- (wife's card)
AmEx Cash Magnet $27,900 CL (wife's card)
BoA Cash Rewards $11k CL- AU (Dad's card)
BoA Premium Rewards $12.3k CL- AU (Dad's card)
PSECU Founder's Card $30k SL- AU (Dad's card; closed on some reports)
AmEx Cash Magnet $30k CL- AU (Dad's card)
Wells Fargo Propel AmEx $3200 CL (AU, wife's card, not on CR b/c I was temporarily removed as an AU)

Credit Scores for both of us around 800, depending on what you pull & balances. All PIF, frequently before statement close
Goals: Buy a house, AOD VISA Signature card (or other 3% cashback), Chase Freedom Flex, $250k on CR, $100k NOT including AU accounts
Closed accounts (long period of inactivity): AmEx clear, Citi ThankYou (previously Driver's Edge), Chase Freedom, Cap One, Discover IT, Lowes, 1st REDcard, Buy.com Visa, Children's Place, Kohl's, Angel Card (AU- wife's), Old Navy, Wells Fargo Active Cash (2%)- $2k SL- AU (wife's card)
Message 28 of 29
disdreamin
Established 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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