Target CC Question

[Taurus22]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

I closed the Debit Card version of it because they took upwards of a week to transfer money from my checking account every time I made a purchase. Very annoying.

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To some, that would be a useful float feature!

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Not really, because if my balance dipped to under the purchase amount at any point before the debit cleared resulted in a NSF fee from my bank.

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I just use a separate bank account accessed only by that card, and add funds when needed.  

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Yeah, I don't like that float effect either......I'm OCD when it comes to account debits....When the money is spent, I want to see it gone. Gives a false sense of balance, otherwise...

[RehabbingANDBlabbing]

Yeah, Target takes forver to give some of us CLIs. I can't say I've ever heard of them doing a CLD. I have had my card since 2016 and I have oinly gotten 1 CLI from $400 to $700. They are soft pulling my Experian every 3-6 months, but I have some negative items on there that might be holding me back. I am going to try the "let a balance report every month" method that others have mentioned to see if it helps me get a CLI in the coming months. I have always been PIF-ing before the statement cuts due to the low limit, but now I am in a place with my scores where I can let at least some balance report without tanking my FICOs.

[folks19]

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@Anonymous wrote:

Last year Target hit me with a balance chase CLD from $1600 to $400 shortly after the pandemic hit. Since then it hasn't gotten a single CLI from that $400 CL even though I've gotten approved for many CLIs and new Cards with much higher spending limits since then. The Target card's age is at 39 months, so it will cause a slight decrease in my AAoA which is at 24 months if I choose to close it. I shop there quite frequently and have put lots of spend on it and PiF every month and still won't budge.

Would it still be worthwhile to close this card, wait a couple of months (or whenever they decide to roll out another generous SUB for it) in hopes of re-applying to get a higher SL, or even better, the MasterCard version?

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The card will remain on your report for 10 years, as others mentioned, so it won't affect you age for a while. But there's no harm keeping the card open either. You can still use it up to your limit and get the 5% discount, and the positive payment history will continue helping your score. I don't see any purpose in closing the card.

[Anonymous]

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@RehabbingANDBlabbing wrote:

Yeah, Target takes forver to give some of us CLIs. I can't say I've ever heard of them doing a CLD. I have had my card since 2016 and I have oinly gotten 1 CLI from $400 to $700. They are soft pulling my Experian every 3-6 months, but I have some negative items on there that might be holding me back. I am going to try the "let a balance report every month" method that others have mentioned to see if it helps me get a CLI in the coming months. I have always been PIF-ing before the statement cuts due to the low limit, but now I am in a place with my scores where I can let at least some balance report without tanking my FICOs.

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dang.... a 700 CL card is pretty useless to me and i was thinking of apping for the target CC after reading this thread :/