Info Re: Target Upgrade (from basic store REDcard to VISA)

[Anonymous]

Called in to see again just to see about CLI's.  Rep advised they soft every month. I assumed Target granted CLI's based on history with them.  That is a minor part - they also review your existing credit history. Therefore, if you have negative information on your report, you will more than likely not receive an increase.  In addition, the mailed upgrade offer is only sent out to a select (and she said stated very select) few. So, just because you have made payments ontime or PIF it doesn't matter.  Doesn't mean you will receive the upgrade offer. She said also advised she has seen very few prior to the 1 year anniversary of having the Target card.  Hope this info is helpful to those who have not received increases and/or trying to figure the method to the madness of being offered an upgrade.

[tray]

Hi, thanks for sharing this information, although I think target is being very hasty with the cli's as people with low credit scores pretty much can get this card, so most of the time even me and I just obtained a target card with the most given $200.00 limit, are going to have blemishes on a cr. To add being a loyale customer spending your own money in their store and paying your bill on time seems I quess to mean nothing.

[treschic]

i was thinking the same thing.  that there was no, rhyme or reason to how you use your card to get an upgrade, that maybe your credit report changed for the better.  what i don't understand, is the part about them soft inquirying your credit reports, i checked my actual TU report from TU, and i don't have soft inquiries from target, it'll be 3 statements next week)  Just curious, did anyone get a product upgrade or credit limit increase after opting-out?

[tray]

Hi, just to mention I never see any soft inquiries on my TU reports when I pull and this is directly from their site, when i pull for EQ you can see soft inquiries on their reports.  So I am wondering if you call TU can they verbally tell you by chance if target is doing any soft pulls that would be interesting to know.

[Anonymous]

Target softs me on EX every three months.  I don't know what they were talking about regarding monthly soft pulls because they're not doing that to me.

I got my Target card in August of last year with high 500s/low 600s, standard $200 CL of course.

I run a ton of money through this card (spend a lot at Target anyway) and always PIF, of course.  (With a $200 CL the only way to run a ton of money through it is to PIF multiple times per month.)

My scores now run 712-744 across the board and they still don't love me.

[Anonymous]

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cheddar wrote:

Target softs me on EX every three months.  I don't know what they were talking about regarding monthly soft pulls because they're not doing that to me.

I got my Target card in August of last year with high 500s/low 600s, standard $200 CL of course.

I run a ton of money through this card (spend a lot at Target anyway) and always PIF, of course.  (With a $200 CL the only way to run a ton of money through it is to PIF multiple times per month.)

My scores now run 712-744 across the board and they still don't love me.

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Shall I call and ask them if they'll give you at least a grand from my Target Visa? 

I think I can spare it!

[nicemann]

Hey now...if you are willing to share CLs... I'll take some

[Anonymous]

I find that information interesting that Target gave you because my DH and I were upgraded to a Target Visa only 6 months after our chapter 7 BK discharge. The new CL was $1000 in October of 2007. We just got a CLI to $1500 earlier this month, so I'm not sure they are giving out accurate info. There doesn't seem to be any pattern for them. We normally PIF also and I use the card every month.

[Anonymous]

The representative advised it can happen at 6 mos - it is just a rarity.  Therefore, consider yourself one of the lucky ones     I  get soft hit on my CR every 2-3 mos from Target so I can attest to that part.

[Anonymous]

Another positive note for Target is they lowered our interest again. I call and request it every few months and we are now at 16.9%, which I know isn't great, but I think it's pretty good for the Target Visa.