"Worst Card"
Target REDcard Visa® Review
Written by: alit123 on 2009-01-09
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alit123's review: 
I have had this card since 2004 with a $1500 limit and currently have a 733EQ and called in to see if I can get a CLI. They told me that I cant get an increase because I don't have a real estate or mortgage. A MORTGAGE what are you talking about. I need to own a house to get a CLI. They are nuts!! His card is the lowest CL I have. I immediately closed the account... Never going to target again!!
I have had this card since 2004 with a $1500 limit and currently have a 733EQ and called in to see if I can get a CLI. They told me that I cant get an increase because I don't have a real estate or mortgage. A MORTGAGE what are you talking about. I need to own a house to get a CLI. They are nuts!! His card is the lowest CL I have. I immediately closed the account... Never going to target again!!
5 Comments
Comment 1 by brian23
That's Pretty Crazy... 
on 2009-01-09
That they said that to you. I can't believe having mortgage on your CR somehow qualifies you for the increase.
on 2009-01-09 That they said that to you. I can't believe having mortgage on your CR somehow qualifies you for the increase.
Comment 2 by cfmdev49
Hmmm....that Is Strange... on 2009-01-09
I've never heard of any card company requiring an applicant to have a mortgage to get a cli... That's just plain weird! I wonder if you just had the bad luck of getting a rep that didn't know what he/she was talking about...
on 2009-01-09 I've never heard of any card company requiring an applicant to have a mortgage to get a cli... That's just plain weird! I wonder if you just had the bad luck of getting a rep that didn't know what he/she was talking about...
Comment 3 by ashes
Excuses on 2009-01-10
Companies like Target Visa make all sorts of excuses to keep credit limits down. And espacially in this economy, CLIs are few and far between. I am surprised they did not give you a CLI after 4 years! Not worth the hassle really. Good riddance to Target Visa!
on 2009-01-10 Companies like Target Visa make all sorts of excuses to keep credit limits down. And espacially in this economy, CLIs are few and far between. I am surprised they did not give you a CLI after 4 years! Not worth the hassle really. Good riddance to Target Visa!
Comment 4 by thomas1
TARGET on 2009-01-10
That's exactly what happened to you. It was an outright lie. Creditors, these days, are coming up with some real doozies for not increasing limits. Even people applying for new credit are seeing denials for ridiculous bureau report reasons.
Would be nice if they just fessed up as to why they can't increase the limits or not!
I would have closed it too, no matter what the FICO point loss was.
on 2009-01-10 That's exactly what happened to you. It was an outright lie. Creditors, these days, are coming up with some real doozies for not increasing limits. Even people applying for new credit are seeing denials for ridiculous bureau report reasons.Would be nice if they just fessed up as to why they can't increase the limits or not!
I would have closed it too, no matter what the FICO point loss was.
Comment 5 by lindalu
F.y.i on 2009-01-11
I was once told by chase that I had such a high limit because I have a mortgage.!!!... Rep told me it has something to do with having equity... And mortgage loans are pluses... Don't know why... Just thought I would comment
on 2009-01-11 I was once told by chase that I had such a high limit because I have a mortgage.!!!... Rep told me it has something to do with having equity... And mortgage loans are pluses... Don't know why... Just thought I would comment
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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.
