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target red retail card

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Anonymous
Not applicable

target red retail card

I am in rebuilding with 2 cards being utilized properly.  My Fico is 678 last I checked and wanted to inquire about anyone with experience using a Target card.  How do you like the card?  Also, is it prudent for someone in rebuilding phase to get a retail card before a card with better terms.  Moreover, would anyone know what type of fico score would be needed to obtain one.

Message 1 of 11
10 REPLIES 10
Anonymous
Not applicable

Re: target red retail card

I don't have the retail card, I have the debit card, but can somewhat chime in. I use the debit card all the time, I basically live in Target. i have a feeling i would feel the same way with the retail card as well. I think you would easily get approved for it, and no I don't think it's essential to have a store card when rebuilding. I think they just tend to be easier to get approved for which is why people get them. 

Message 2 of 11
Anonymous
Not applicable

Re: target red retail card

yes it seems like there is always something extra that you need at every turn when in target,  Thnaks for your unput.

Message 3 of 11
bk13girl
Member

Re: target red retail card

I have the Target Credit Card and had it for years. I am a avid shopper of Target. I use the card to get the 5% off, along with, my cartwheel, and my coupons. I PIF each month. If you're an avid Target shopper might be worth it. 


Gardening until 07/2018
Message 4 of 11
Anonymous
Not applicable

Re: target red retail card

did you have an exxllent fico score when you applied for target card?

Message 5 of 11
Adkins
Legendary Contributor

Re: target red retail card

I was still rebuilding when I got mine, here is my post:

 

http://ficoforums.myfico.com/t5/Credit-Card-Approvals/Target-Red-Card-Approval/m-p/5080957#M513063


Last HP 08-07-2023



Message 6 of 11
Anonymous
Not applicable

Re: target red retail card

Unless you're frequently needing to purchase large ticket items you can't reasonably afford (and in which case you have more pressing concerns to address than should you app a store card) there's not really any reason to pickup a Target store credit/visa card instead of just getting the debit.

Debit gives you same 5% off, and the other few perks of the store credit cards are meh at best. Especially if you are rebuilding I would recommend going debit & saving the HP/new account for something that offers you more. Unless target started offering 0% and you want to float like a me tv or something I don't see the need for the credit version. I say this as someone with both the redcard debit & redcard non-Visa credit card.
Message 7 of 11
Anonymous
Not applicable

Re: target red retail card

Personally I'd get the target debit card (which I do have) and if you really want a store card consider the Sears MasterCard because of the occasional 10% back offers (seems like it's grocery/gas/restaurant - I will be applying for this card in the coming months)
Message 8 of 11
Anonymous
Not applicable

Re: target red retail card

I decided on the Target debit card instead of opening another retail trade line, and I get the same 5% discount and free shipping as the credit card. Per advice found on these forums, I opened a separate checking account (no-fee no-min balance CapOne 360) and linked it exclusively to the Target card, to minimize any possible fraud damage. I keep only a month's worth of Target shopping funds in it, replenishing as needed.

Message 9 of 11
longtimelurker
Epic Contributor

Re: target red retail card

If you are just interesting in savings at Target, rather than getting a credit card for rebuilding, the debit card is fine.   However, you can get slightly more savings buying discounted target gift cards from a reseller.   Just checking now, it's not huge:   you can get cards at 5.5% off, and so buying those with a 2% cc raises the discount to over 7%.     Which might not be worth the bother.   But Target app makes gift cards very easy to use

 

At times, you get much better discounts than 5.5%

Message 10 of 11
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