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Red card cli!

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Regular Contributor

Red card cli!

Opened May 2018, use it heavily every month. Finally been granted a cli from $300 to $500! Based on experience when should I look out for another cli?
Bk Chp. 7 Discharged 04/13/2018
Date of filing: 01/11/2018 scores all low-mid 400's

Message 1 of 14
13 REPLIES 13
Frequent Contributor

Re: Red card cli!

I’m jealous. I also opened in my account in may 18. My account clises on the 16th. Maybe I will get a cli also 

Message 2 of 14
Frequent Contributor

Re: Red card cli!

Congrats on your CLI!

Is this your first CLI since opening the account? And did you carry a balance every month? Someone stated to let a small balance report & within 3 months I could possibly receive my first CLI. Who knows haha
Sept 18: EQ: 578 TU: 583 EX: 576
March 19’: EQ: 615 TU: 642 EX: 637

June: EQ8: 637 ^26 TU8: 645 ^7 EX8: 642 ^0

Goal by Sept 20’ EQ: 700 TU: 700 EX:700

AA: 7YRS AAOA: 2YR 2MONTHS
Inquiries in 12 months: EQ: 5 TU: 2 EX: 3
New Accounts in the last 8 months: 0
Chase 3/24 July 19’

CLOSED: Self Lender 12Month CD: June 20th 19’

Subprimes To Be Closed:



Message 3 of 14
Regular Contributor

Re: Red card cli!


@CivalV wrote:
Congrats on your CLI!

Is this your first CLI since opening the account? And did you carry a balance every month? Someone stated to let a small balance report & within 3 months I could possibly receive my first CLI. Who knows haha

Yes this was finally my first CLI! I did carry a balance every month. The first 6 months I carried a 10%-30% balance but didn’t seem to help. Since sept I've had a 40%-60% balance and then as of this statement it was 80%, but I got the CLI so that brought it down to under 50%. I think target honestly just likes a lot of usage.

Some months I paid in full, lately i've just been paying double the minimum. I'm at target a lot so I wanted to do whatever possible for an increase.

Side note, in November I had a Nordstrom card with a $300 limit. Also issued by TD bank. Was told to wait 7 months for cli but went through the EO and got it to $500. Now this month Target also went from $300 to $500. Since its both TD bank, I'm wondering if that had any correlation at all..

Bk Chp. 7 Discharged 04/13/2018
Date of filing: 01/11/2018 scores all low-mid 400's

Message 4 of 14
Frequent Contributor

Re: Red card cli!

Thanks for the info! That is interesting. I am wondering if I should pay $200 out of the $279 I owe on my red card or not haha

It could very well be related since they are from the same bank? That is interesting. Ive seen it happen to others as well. 1 card gives a CLI and all of a sudden a bunch other accounts are giving them CLIs. I love target. I dont shop there too much but when I do its for electronics and so I end up using my CL.
Sept 18: EQ: 578 TU: 583 EX: 576
March 19’: EQ: 615 TU: 642 EX: 637

June: EQ8: 637 ^26 TU8: 645 ^7 EX8: 642 ^0

Goal by Sept 20’ EQ: 700 TU: 700 EX:700

AA: 7YRS AAOA: 2YR 2MONTHS
Inquiries in 12 months: EQ: 5 TU: 2 EX: 3
New Accounts in the last 8 months: 0
Chase 3/24 July 19’

CLOSED: Self Lender 12Month CD: June 20th 19’

Subprimes To Be Closed:



Message 5 of 14
Moderator

Re: Red card cli!

There is no set pattern, or really rhyme or reason for Target CLIs.  Mine began at $1200 in 2002, got reduced to $800 when it changed to a Visa and a new lender around 2004 or 2005, then sat there until June 2016.  Some combination of using it every month, allowing the statement to post with a non-zero balance (that doesn't mean carrying a balance), paying in full every month, and updating my income monthly even though it hasn't changed has worked for me and many others.  I've had CLIs of $500, 3 x $1000, and 2 x $2000 every June and December statement close and it now sits at $8300.

 

Congrats on your first Target CLI!


Message 6 of 14
Valued Contributor

Re: Red card cli!

Congrats on your Target Red card CLI!Smiley Happy






Message 7 of 14
Senior Contributor

Re: Red card cli!

Congrats on your CLI !!!!!

 

 

 

3-2019 / Fico 8 EX 802 , EQ 803 , TR 805
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 8 of 14
Valued Member

Re: Red card cli!

Congrats!!!

My Target and Nordstrom are both at $1700, so it could be that TD maybe likes to keep those limits matching? OCD credit card issuer? I guess I've got the right cards then, lol. (I want an increase to $2K because the cl on them now really irk my poor brain.)
Message 9 of 14
Regular Contributor

Re: Red card cli!


@tinabohio wrote:
Congrats!!!

My Target and Nordstrom are both at $1700, so it could be that TD maybe likes to keep those limits matching? OCD credit card issuer? I guess I've got the right cards then, lol. (I want an increase to $2K because the cl on them now really irk my poor brain.)

How long have you had nordys? You can request cli every 4 months I believe as long as the account is 7 months old. I was able to get one after only 3 weeks by going through the EO. Nordstrom still manages their accounts TD just services them. The EO can be great help! but try regular CS first if the time frame fits!

Bk Chp. 7 Discharged 04/13/2018
Date of filing: 01/11/2018 scores all low-mid 400's

Message 10 of 14