I really hate how this all unfolded because Target has been one of my fav companies for online shopping.
Keep in mind I have never missed a pmt and have always paid off every month except one large item I made 3 pmts. NOTHING changed on my scores, no baddies added, etc. I've only had the card ($900 SL) about a year so it's better for me to close it now while my score's already taken a ding from Target.
Ok, so here's what happen: I used the card last July and my last pmt was August 2021.
My DIL and I go to Target (next town over) and I had about $150 in clothes for the grandkids but when I got to the register I couldn't use my card because it kept asking for a pin (I SWEAR I do not remember setting one up but I've never used it in the actual store either). So I gave up and used a debit card.
A couple days ago I get a survery from Target wanting to know about my shopping experience that day (So I KNOW they are aware I was trying to use my card) and I did the survey and that everything at the store was nice except I wasn't able to use my store card because I don't remember having a pin.
Today I get a MyFico notification that my Target Card CL had decreased by $400 and my TU score had dropped 2 pts.. so I called (now that I have these new bionic hearing aids) and the CS checked and she said that the CLD was due to inactivity on the card. 
Me: I would like to just cancel the card then, and close my Target account please.
CS: We can send you another pin
Me: No thanks, I'm crushed that Target did this to me
CS: Well it's states in the disclosure when you opened your account that Target reserves the right to decrease your CL or close the account for inactivity.
Me: I tried to use the card. Target KNOWS I tried to use the card. They KNOW which store I was in, and what day I was there because they sent me a survey about that visit. You know how Target knows I was there? Because I TRIED to USE my Target card.. I swiped my Target Card at the terminal in that store.... So, I was embarassed about not being able to use my Target card because of some pin, I was inconvenienced because I had to use cash for something I was doing to keep my Target card active, and now I'm being punished on top of it all, both by a CLD and 2 pt drop to my score. Now anyone looking at my score will wonder what I did to make Target cut my CL almost in half.
So she said she understood and processed my request to close the account...
because, God forbid I unknowingly do something else quirky and end up with "account closed by Grantor" on my credit report.
Posting this just in case any of you need to go through your sock drawer today.
Sorry to hear about the CLD, but that can certainly be a long time to go without using a card. Some lenders are more sensitive than others when it comes to inactivity but at least they didn't close the card which some other lenders may have done without notice. (It's quite possible that using the card rather than closing it may have triggered a credit line increase, but always questionable with TD Bank.) And definitely agree there's not really an issue with "closed by credit grantor." That doesn't even necessarily imply that the cardholder did anything wrong (even with a very loose definition of "wrong" when it comes to simply not using the card); there are times when a lender simply stops servicing a card and closes all accounts en masse.
Have you requested a credit line increase on the Kohl's card? It can be done quickly and easily on the card management page without a hard inquiry. That card is commonly issued at $300 with increases typically (not always) following a 700-1500-2500-3000 pattern with 3-6 months between requests.
@2b2rich wrote:I really hate how this all unfolded because Target has been one of my fav companies for online shopping.
Keep in mind I have never missed a pmt and have always paid off every month except one large item I made 3 pmts. NOTHING changed on my scores, no baddies added, etc. I've only had the card ($900 SL) about a year so it's better for me to close it now while my score's already taken a ding from Target.
Ok, so here's what happen: I used the card last July and my last pmt was August 2021.
My DIL and I go to Target (next town over) and I had about $150 in clothes for the grandkids but when I got to the register I couldn't use my card because it kept asking for a pin (I SWEAR I do not remember setting one up but I've never used it in the actual store either). So I gave up and used a debit card.
A couple days ago I get a survery from Target wanting to know about my shopping experience that day (So I KNOW they are aware I was trying to use my card) and I did the survey and that everything at the store was nice except I wasn't able to use my store card because I don't remember having a pin.
Today I get a MyFico notification that my Target Card CL had decreased by $400 and my TU score had dropped 2 pts.. so I called (now that I have these new bionic hearing aids) and the CS checked and she said that the CLD was due to inactivity on the card.
Me: I would like to just cancel the card then, and close my Target account please.
CS: We can send you another pin
Me: No thanks, I'm crushed that Target did this to me
CS: Well it's states in the disclosure when you opened your account that Target reserves the right to decrease your CL or close the account for inactivity.
Me: I tried to use the card. Target KNOWS I tried to use the card. They KNOW which store I was in, and what day I was there because they sent me a survey about that visit. You know how Target knows I was there? Because I TRIED to USE my Target card.. I swiped my Target Card at the terminal in that store.... So, I was embarassed about not being able to use my Target card because of some pin, I was inconvenienced because I had to use cash for something I was doing to keep my Target card active, and now I'm being punished on top of it all, both by a CLD and 2 pt drop to my score. Now anyone looking at my score will wonder what I did to make Target cut my CL almost in half.
So she said she understood and processed my request to close the account...
because, God forbid I unknowingly do something else quirky and end up with "account closed by Grantor" on my credit report.
Posting this just in case any of you need to go through your sock drawer today.
I'm not sure, but I haven't read alot of Target cld for non use , even if it's been 6-9 months . It's possible of course, why it's recommended to use any card every couple m9nhs to be safe,but I'm wondering on top of little to no usage, the fact that you have a recent bk played a bigger reason in their algorithms? Just don't rush to close out of anger where after a week or 2 having calmed down you might reconsider having that trade line 😉. Happens to best of us.
@2b2rich wrote:I really hate how this all unfolded because Target has been one of my fav companies for online shopping.
Keep in mind I have never missed a pmt and have always paid off every month except one large item I made 3 pmts. NOTHING changed on my scores, no baddies added, etc. I've only had the card ($900 SL) about a year so it's better for me to close it now while my score's already taken a ding from Target.
Ok, so here's what happen: I used the card last July and my last pmt was August 2021.
My DIL and I go to Target (next town over) and I had about $150 in clothes for the grandkids but when I got to the register I couldn't use my card because it kept asking for a pin (I SWEAR I do not remember setting one up but I've never used it in the actual store either). So I gave up and used a debit card.
A couple days ago I get a survery from Target wanting to know about my shopping experience that day (So I KNOW they are aware I was trying to use my card) and I did the survey and that everything at the store was nice except I wasn't able to use my store card because I don't remember having a pin.
Today I get a MyFico notification that my Target Card CL had decreased by $400 and my TU score had dropped 2 pts.. so I called (now that I have these new bionic hearing aids) and the CS checked and she said that the CLD was due to inactivity on the card.
Me: I would like to just cancel the card then, and close my Target account please.
CS: We can send you another pin
Me: No thanks, I'm crushed that Target did this to me
CS: Well it's states in the disclosure when you opened your account that Target reserves the right to decrease your CL or close the account for inactivity.
Me: I tried to use the card. Target KNOWS I tried to use the card. They KNOW which store I was in, and what day I was there because they sent me a survey about that visit. You know how Target knows I was there? Because I TRIED to USE my Target card.. I swiped my Target Card at the terminal in that store.... So, I was embarassed about not being able to use my Target card because of some pin, I was inconvenienced because I had to use cash for something I was doing to keep my Target card active, and now I'm being punished on top of it all, both by a CLD and 2 pt drop to my score. Now anyone looking at my score will wonder what I did to make Target cut my CL almost in half.
So she said she understood and processed my request to close the account...
because, God forbid I unknowingly do something else quirky and end up with "account closed by Grantor" on my credit report.
Posting this just in case any of you need to go through your sock drawer today.
I have my red card since oct/2020 and have always been asked for a pin at the checkout.