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Target Red Card just arrived...question...

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turninganewleaf
Regular Contributor

Target Red Card just arrived...question...

To all Target RedCard holders,
 
My Target red card just arrived in the mail, $200 CL.  I've read several postings about this card.  Many seem to give the impression that if this card isn't used, or used very sparingly, that odds are higher to get a CLI more quickly, if not even the Target Visa with $1000 CL.
 
So, should I go ahead and sock drawer this card for a few months and see what happens or put one small purchase on it now, pay it off when I receive the bill, then sock drawer it?
 
 
FICO 8/5/10; TU 724, EQ 702
FICO 6/9/09: TU 669, EQ 658, EX ???
FICO 7/20/07: TU 540; EQ 595, EX 544
Message 1 of 13
12 REPLIES 12
Anonymous
Not applicable

Re: Target Red Card just arrived...question...



turninganewleaf wrote:
To all Target RedCard holders,
 
My Target red card just arrived in the mail, $200 CL.  I've read several postings about this card.  Many seem to give the impression that if this card isn't used, or used very sparingly, that odds are higher to get a CLI more quickly, if not even the Target Visa with $1000 CL.
 
So, should I go ahead and sock drawer this card for a few months and see what happens or put one small purchase on it now, pay it off when I receive the bill, then sock drawer it?
 
 


 
I think that there is more than a lack of use tht influences what will happen with this card.  I noticed that Target softs EX for me.  I finally made it from fair to good on their scoring model right at the same time they decided to upgrade me to the Visa.

Message 2 of 13
SpecFile
Valued Contributor

Re: Target Red Card just arrived...question...

Buy a pack of gum every few months with it and see what happens.
Message 3 of 13
Anonymous
Not applicable

Re: Target Red Card just arrived...question...

i'm going use it only fo Rx's and see how that goes. i'll let you know.
Message 4 of 13
Anonymous
Not applicable

Re: Target Red Card just arrived...question...

yea..I recieved this card in March of 2007 $200 cl and usually didnt go above $60 and pif each month.  3 months later I recieved a cli to $500 called to confim (because I could not believe) and rep told me target trys to give cli every 90 days.
 
i think you are on to something because before my increase my untilization was low and pif each month but since i had to purchase microsoft word and norton bring my utilization to 350 which i plan to have paid in full by mid-october because i hope to convert to target visa eventually.
 
they are fast...
Message 5 of 13
Tim3071
Member

Re: Target Red Card just arrived...question...

I also received the "red card" w/200 CL, used it for small purchases paid it off and after 6 months was upgraded to Target Visa w/1000 CL. APR is very high on both RED and VISA so your best to pay off whatever balance you put on it.
Message 6 of 13
nathan
Frequent Contributor

Re: Target Red Card just arrived...question...

Just curious, what were your scores when you applied.  Any baddies? Mine are eq 589, ex 602 and tu 584. Do I have a shot. Which ca do they use
Message 7 of 13
Anonymous
Not applicable

Re: Target Red Card just arrived...question...

I dont remember my scores but I got preapproved at the register because of my continuous visits (made small purchases in short period of time with my debit card) My SCORES NOW are TU =627 EQ= 625 and EX 557, with serveral old baddies
 
turned in the preapproval slip (looked around as if I was stealing something and expected the cops to jump out from anywhere...lol) the customer service lady processed it and I got 200 cl upgraded 3 months later to 500 cl.....hope to hit the visa next
Message 8 of 13
nathan
Frequent Contributor

Re: Target Red Card just arrived...question...

Just applied today online and was told that my application needs further processing and i will be notified within ten days. Is that a bad sign? Atleast I did not get instant decline as usual. Has any body received this message, and what was the result?
Message 9 of 13
Anonymous
Not applicable

Re: Target Red Card just arrived...question...

I just got approved for a target red card 200 limit and a walmart card 800.00
 
fico scores as of last month TU 563 Eq 573 EX 562
 
i was suprise by walmart thats my highest limit in a long time
Message 10 of 13
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