Logged in to check my Target Red card online today....
CLI from $2,400.00 to $7,000! How is that even possible...???
Account has been open since December 2013, have been getting the typical $200, $300, $500 cli every four months or so.
Did NOT see this one coming!
Target is getting hurt by Amazon sales for sure and they need to entice people to start spending in-store again.
The 5% is a big incentive even though 100% of Target sales will incur sales tax in states that charge it, whereas not every Amazon sale charges sales tax depending on which actual vendor is shipping and from where to where.
If Target doesn't get their income numbers up, they are going to get hammered. In Nov 2016 their stock was around $80 now it's around $55 just 6 months later. They need people back in the store spending $$$ somehow.
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NICE OP! What an amazing increase!!!
Congratulations on your CLI!!
Very unusual largest CLI I have ever seen from TR Bank!
Wow ! thats a great CL for Target - I gave up on them after they kept me at $250 for 2+ years. Not sure I would held out long enough to see your kind of CL, but it's nice to see someone getting some luv from Target.
@JoMellow wrote:Logged in to check my Target Red card online today....
CLI from $2,400.00 to $7,000! How is that even possible...???
Account has been open since December 2013, have been getting the typical $200, $300, $500 cli every four months or so.
Did NOT see this one coming!
Nice! Target cards are backed by TD Bank....TD Bank also backs the Nordstrom card portfolio and they have been handing out increases this year as well, so not sure if this is TD being a little more loose with the purse strings or, as others have said, an attempt by Target (and Nordstrom) to spur sales.
Mine went from 3k to 7k this last week also and my wifes from 1800 to 4k so not a fluke. It's a high interest card and not very usable, we just use them for the 5% discount and free shipping and then PIF each month to avoid the crazy interest.