"Low CL High Interest Rate"
Target REDcard® Store Card Review
Written by: irispixie on 2010-06-15
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
irispixie's review: 
We received our Target Red card 3 years ago this month. Originally our CL was $300.00 and I believe they bumped our CL up to $500.00 by December 2007.
Our interest rate went from 21% on up to 30%. We have never been late, always made more than the minimum payment if not PIF.
We are very careful on how we use the card, never spending more then 30% or what we can afford to pay. Remember plastic is not your money and you should never spend more then you can afford. Having the card now for 3 years, we would expect a better CL or have been upgraded to a Target Visa by now.
Have considered closing out the account after we buy our house, since the CL is so little. You also have to spend a lot to get that 10% discount and the discount only applies when you use your Red Card.
We received our Target Red card 3 years ago this month. Originally our CL was $300.00 and I believe they bumped our CL up to $500.00 by December 2007.Our interest rate went from 21% on up to 30%. We have never been late, always made more than the minimum payment if not PIF.
We are very careful on how we use the card, never spending more then 30% or what we can afford to pay. Remember plastic is not your money and you should never spend more then you can afford. Having the card now for 3 years, we would expect a better CL or have been upgraded to a Target Visa by now.
Have considered closing out the account after we buy our house, since the CL is so little. You also have to spend a lot to get that 10% discount and the discount only applies when you use your Red Card.
1 Comment
Comment 1 by wanderer
Re: Low CL High Interest Rate 
on 2010-06-15
Target is known for their $100 to $300 CL and not increasing them. As of April 29, 2010 they discontinued the Target Visa (too many dollars lost). As to interest rates, most store cards run about 23.9% to 30%. They always have going back to the 1970's when I got my first one. Rates have always been high.
on 2010-06-15 Target is known for their $100 to $300 CL and not increasing them. As of April 29, 2010 they discontinued the Target Visa (too many dollars lost). As to interest rates, most store cards run about 23.9% to 30%. They always have going back to the 1970's when I got my first one. Rates have always been high.
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Disclaimer: This content is not provided by Target National Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Target National Bank. Review content is powered by Finance Globe.
Disclaimer: This content is not provided by Target National Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Target National Bank. Review content is powered by Finance Globe.
