I'm not sure when, I guess before the new law Target had increased all my APR to 25.9% (I have 4 Target cards). So far in 2 statements this month they say because of your great payment history with us we have reduced your APR... Get ready.... 22.9%!!
While I am glad I got something, I would have preferred they actually gave me a CLI because of my great history not 3% apr!.
Target reduced APR for my Target Card. The interest rate is still high. I'm sure they reduced APR for my Target Visa. I have to check on that.
I just checked. I'm not sure when-- I'll have to go back through the statements to see, but Target must have reduced my APR, because it's at 20.99%. I recall, maybe late 2009ish, that they'd raised their rates across the board, and I think I recall the APR being in the ballpark of 24% or something like that, up from the 18 or 19% that it started out at, I think. It must not have happened this month, or last month, though, because there are not notices with the online statements.
Friendly, Supportive & Respectful
"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli
i just checked my last statement, & my APR went from 25.24 to 22.9...which, ironically, is where it started.
My statement cut on the 3rd and I also went from 25.24% to 22.90%
I would of been happy with a CLI since I always PIF.
If it wasn't for this post I would of never noticed, Oh well.
Mine got lowered as well. Currently at 17.24% with a limit of $6,000. It started in March of 2008 with a $3,000 limit.
When Target saw that I use my card everywhere except for its store they cut my line. Saving is more important than a credit line to me.
I've had a Target Visa since 2004, a $1000 CL. Last month 23.24 now 20.24. I'll take it. Better than an increase.