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Target Upgrade

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JayTee1
Frequent Contributor

Target Upgrade

So weird to me, anyway ... have had this card over two years, started at $300, got up to $1300 within the first couple months and stayed there.

 

I've had small balances the last two months and I've received two CLIs (limit now  $3000) and got a letter today indicating I'll be upgraded to a Mastercard in August. 

 

My habits with this card haven't changed at all except that I pay the bill after the statement now instead of shortly before it.

 

Don't get me wrong, it's good news, I guess I just don't understand why all the CLIs and upgrades suddenly.  My credit profile has certainly improved over the last two years, so there's that too.

 

Anyway, maybe someone will find this information useful.

March 2014: Abysmal, low 500s


April 2015: TU 607 | EQ 599 | EX 608
March 2019: TU 717 | EQ 727 | EX 727
Message 1 of 32
31 REPLIES 31
Anonymous
Not applicable

Re: Target Upgrade

Congrats. DH had the same pattern as yourself. His started at $300 when to $800, then $1300, then $1700 then sat. I used it a few times while out of town.....Came home statement cut...got a notice online that CLI went to $4000 and got two letters in the mail yesterday confirming the CLI and Upgrade to the MC. Target is weird but I guess they really do vet you and how you use your card before making CLIs and upgrades. His card just turned two years in May

Message 2 of 32
Total80sKid
Senior Contributor

Re: Target Upgrade

Congrats!

Target had been showing a lot of us around here some love.

I had mine since 2011 and got my first increase 5yrs later. Have received 4-5 increases since then and have always carried a hefty balance.

With my last increase, I am now under 50% UTI, which is really nice.

I must add that I got my first increase after not using my card for 2 months.
Message 3 of 32
AndySoCal
Valued Contributor

Re: Target Upgrade

Fiirst congrats to all who gotten CLi's from Target. I see I am not the only who is receiveing these upgrade notices.  I have had my Target card for 5+ years with a 3K limit no increases. I have never asked for one either. Today I get the notice of the upgrade to my account and a CLI to 7K.  This was a surprise to say the leasr.

 

FICO Scores XPN v8 802 V2 831 (SDFCU) TUC 803 v8 EFX 807 (10/2023)
Discover 09/90 19,000, JCPenney 10/2008 4,700 US Bank Cash 12,000 Citibank Custom Cash 5/2015 11,100 State Dept. FCU 20,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 Banking: Ally Bank Credit Unions: Lafayette FCU Fortera FCU State Department FCU Pelican CU

Pelican State CU Redstone FCU SDFCU auto CLI. 6/24 5000 to 20k

Message 4 of 32
Anonymous
Not applicable

Re: Target Upgrade

Target seems to be handing out goodies for some reason...loss of shares maybe? 

Message 5 of 32
xvassagox
New Contributor

Re: Target Upgrade

Just got 2 letters from Target, 1 for a $3,900 CLI to $7k and the other was an upgrade to the Redcard Mastercard.


Sock Drawered -
Equifax Bankcard 8 - 830 - 4/21 | Experian Score 8 - 812 - 5/26 | TransUnion Score 8 - 810 - 5/1
Message 6 of 32
JayTee1
Frequent Contributor

Re: Target Upgrade

Congrats to everyone!  

 

Anyone know if the MC Is a new tradeline.  If so, I won't be taking it.

March 2014: Abysmal, low 500s


April 2015: TU 607 | EQ 599 | EX 608
March 2019: TU 717 | EQ 727 | EX 727
Message 7 of 32
securingourfuture
Established Contributor

Re: Target Upgrade

Congratulations!

 

Target has been on the ball lately.  I was hoping for an upgrade back in January, a few months after they bumped me up to $1,500.  But no dice.  I figured maybe they were no longer upgrading cards.  Good to know they are back at it.  Enjoy!!!!!!!!!

8/22/18: BK7 filed EXP 490 TU 430 EQ 429
11/28/18: BK7 discharged EXP 586 TU 578 EQ 527
06/08/21: EXP 656 TU 643 EQ 701
Message 8 of 32
Anonymous
Not applicable

Re: Target Upgrade

Congrats on the upgrade.

 

Target is in trouble lately -- their stock has gone from nearly $80 to around $50 in just 6 months and they're bleeding out slowly but getting faster.

 

I'm guessing their analysts have told them to take a higher risk of chargeoffs by trying to tempt people into spending more money.  Not sure what their profit is on MC versions of their cards but I'm assuming that they get something back from the creditor even if people shop elsewhere, and this may help their bottom line enough to hopefully boost their bottom line.

 

The last thing they want to do is close stores, so getting people to spend more may at least put that off until they find a road to recovery.

 

You think credit rebuilding is tough?  Try keeping a national brand with thousands of stores afloat when income goes into the cellar...

Message 9 of 32
securingourfuture
Established Contributor

Re: Target Upgrade


@JayTee1 wrote:

Congrats to everyone!  

 

Anyone know if the MC Is a new tradeline.  If so, I won't be taking it.


I don't think it is a new tradeline.  The redcard is already 16 digits and begins with a 5, so Target may just flip the card to a MC.  Not sure though. 

 

 

Anyone know??

8/22/18: BK7 filed EXP 490 TU 430 EQ 429
11/28/18: BK7 discharged EXP 586 TU 578 EQ 527
06/08/21: EXP 656 TU 643 EQ 701
Message 10 of 32
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