"Target Cut My Credit Line"
Target REDcard® Store Card Review
Written by: kiejon9 on 2008-09-22
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
kiejon9's review: 
Well I know when I got my card with target when I was 18 they gave me that dammmmmm $200 that they give everyone but over the years I worked my way up to $4500 but as of this pass week they cut my credit line for not using the card for 1year
Well I know when I got my card with target when I was 18 they gave me that dammmmmm $200 that they give everyone but over the years I worked my way up to $4500 but as of this pass week they cut my credit line for not using the card for 1year
14 Comments
Comment 1 by thomas1
TARGET 
on 2008-09-22
Sorry to hear that, but it seems to be the trend upon a lot of us. Banks are decreasing credit lines like crazy for either not using the card, because they aren't making the money they need, or if your FICO score decreases.
Market is so volitale right now, and until it corrects itself, this is going to be the norm, and will affect even the best of us.
I would call them up and speak to a supervisor. May not do any good, but worth a try. Its not like you can close it either since this account has aged and would hurt you even more if you closed it. Good Luck!
on 2008-09-22 Sorry to hear that, but it seems to be the trend upon a lot of us. Banks are decreasing credit lines like crazy for either not using the card, because they aren't making the money they need, or if your FICO score decreases.Market is so volitale right now, and until it corrects itself, this is going to be the norm, and will affect even the best of us.
I would call them up and speak to a supervisor. May not do any good, but worth a try. Its not like you can close it either since this account has aged and would hurt you even more if you closed it. Good Luck!
Comment 2 by kiejon9
Target on 2008-09-22
Hello Thomas1 I will call Target up sometime today to talk to someone about my acc
on 2008-09-22 Hello Thomas1 I will call Target up sometime today to talk to someone about my acc
Comment 3 by ashes
Reducing CL on 2008-09-22
Target is well known for reducing CL and even canceling cards due to inactivity. I got a $2500 CL Target card in July 2006 but used it just once. After 18 months, my account was closed. I called to ask and they said they cancel cards after 13 months of inactivity and I will have to reapply. They didn't send me any warning or any letter saying I should use it! I said no thanks and had the account closed.
Target is notorious for that. Keep using your cards once every 6 months to keep them running.
on 2008-09-22 Target is well known for reducing CL and even canceling cards due to inactivity. I got a $2500 CL Target card in July 2006 but used it just once. After 18 months, my account was closed. I called to ask and they said they cancel cards after 13 months of inactivity and I will have to reapply. They didn't send me any warning or any letter saying I should use it! I said no thanks and had the account closed.Target is notorious for that. Keep using your cards once every 6 months to keep them running.
Comment 5 by meya
Whaaaat? on 2008-09-22
You mean to tell me that Target will cut a credit line? People had to climb Mount Everest just to get a lousy $300 cli from them. They have nerves to cli you. What did they cut the limit down to Kiejon9? I would call them up and let them have it, they act like they are Amex or something. That is just straight cold blooded. By the way, Mary Tomkin mentioned this in her article, take a look at it:
http://www.Financeglobe.com/Finance/Articles/articles/123/1/-Credit-Limit-Reductions/Page1.html
on 2008-09-22 You mean to tell me that Target will cut a credit line? People had to climb Mount Everest just to get a lousy $300 cli from them. They have nerves to cli you. What did they cut the limit down to Kiejon9? I would call them up and let them have it, they act like they are Amex or something. That is just straight cold blooded. By the way, Mary Tomkin mentioned this in her article, take a look at it:http://www.Financeglobe.com/Finance/Articles/articles/123/1/-Credit-Limit-Reductions/Page1.html
Comment 6 by kiejon9
To Meya on 2008-09-22
Hello they cut my credit line to 2000 from 4500
And I will call them some time today to let some csr have it
on 2008-09-22 Hello they cut my credit line to 2000 from 4500 And I will call them some time today to let some csr have it
Comment 7 by mark
Get The WAMU Instead on 2008-09-22
Why not get the Wamu with a $25,000 limit instead since you're pre approved with them..
that will definitely take care of the CL decrease that you got from Target.
on 2008-09-22 Why not get the Wamu with a $25,000 limit instead since you're pre approved with them..that will definitely take care of the CL decrease that you got from Target.
Comment 8 by thomas1
WASH MUTUAL on 2008-09-22
I agree with Mark about getting the Wamu with that credit line of 25k. It will help re-coup the loss of credit from Target by a long shot.
But, if you decide to do it, do it quickly before Target sends in their tapes to the bureaus which will show the decrease. The decrease may not even hurt you if you have plenty of available credit.
Depending on how long you've had the Target account open, I would tell them to take a flying leap!
on 2008-09-22 I agree with Mark about getting the Wamu with that credit line of 25k. It will help re-coup the loss of credit from Target by a long shot.But, if you decide to do it, do it quickly before Target sends in their tapes to the bureaus which will show the decrease. The decrease may not even hurt you if you have plenty of available credit.
Depending on how long you've had the Target account open, I would tell them to take a flying leap!
Comment 9 by mrrob
Sorry on 2008-09-22
I hate when that happens, your not the first. I guess everyone is titghtening up a bit on credit issuance
on 2008-09-22 I hate when that happens, your not the first. I guess everyone is titghtening up a bit on credit issuance
Comment 10 by kiejon9
Target Cut My Credit Line on 2008-09-22
I have decide to go with the wamu acc and target I well just keep it open for now cuz the target acc has been open 5years now
on 2008-09-22 I have decide to go with the wamu acc and target I well just keep it open for now cuz the target acc has been open 5years now
Comment 11 by kellbell
Kiejon on 2008-09-23
Target Redcard is bogus indeed.
I'm still at $200 CL, are you kidding me???
I wonder if they will reduce my $200.00 limit to $50.00!
on 2008-09-23 Target Redcard is bogus indeed. I'm still at $200 CL, are you kidding me???
I wonder if they will reduce my $200.00 limit to $50.00!
Comment 12 by rockin35
Royal Mess!! on 2008-09-24
What a royal mess. I guess everyone's running scared at the whole $700B bailout and wonder since we the taxpayers are picking up the tab, maybe the banks are wondering, if the Citizens will be able to afford a box of corn-flakes, since we are required to bail out Wallstreet? Maybe they think we wont be able to pay our credit card bills and want to "lessen" the blow if that's the case. Hot mess!!!
They may be decreasing CL's for this reason alone.
Rockin35
on 2008-09-24 What a royal mess. I guess everyone's running scared at the whole $700B bailout and wonder since we the taxpayers are picking up the tab, maybe the banks are wondering, if the Citizens will be able to afford a box of corn-flakes, since we are required to bail out Wallstreet? Maybe they think we wont be able to pay our credit card bills and want to "lessen" the blow if that's the case. Hot mess!!!They may be decreasing CL's for this reason alone.
Rockin35
Comment 13 by sandyekay1
Target Card Won't Give A CLI on 2009-01-09
I've had Target since July 07... Only $500... No increase since 07. I called and a CSR said we don't give more then $500 on store cards...
I would like to be rid of Target... However I keep using it...
on 2009-01-09 I've had Target since July 07... Only $500... No increase since 07. I called and a CSR said we don't give more then $500 on store cards...I would like to be rid of Target... However I keep using it...
Comment 14 by sandyekay1
Target Card Won't Give A CLI on 2009-01-09
I've had Target since July 07... Only $500... No increase since 07. I called and a CSR said we don't give more then $500 on store cards...
I would like to be rid of Target... However I keep using it...
on 2009-01-09 I've had Target since July 07... Only $500... No increase since 07. I called and a CSR said we don't give more then $500 on store cards...I would like to be rid of Target... However I keep using it...
Please login or register for free to view your stats, add reviews and card application results, or post comments.
Credit card reviews and comments are posted by user submission and do not warrant the opinions of 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.
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.
