What's your Redcard credit limit?

[Sushi2Go]

I've come a long way, but I started at $300, now slowly climbing to $8000. Only took me 14 years...

 

[Ashfromoldsite]

None of your business.

 

[dannyy315]

0. I don't have a Target credit card, only a debit one. That way I make sure I only spend money I have. I get credit cards have their benefits, but a credit card that's limited to being used at one store seems pretty silly to me.

For credit I have a chase card and Apple Card

 

[Rarejem]

0. I don't have a Target credit card, only a debit one. That way I make sure I only spend money I have. I get credit cards have their benefits, but a credit card that's limited to being used at one store seems pretty silly to me.

For credit I have a chase card and Apple Card

Target credit card can be used in other places

 

[gracefulfillment]

Target credit card can be used in other places

Not all of the credit versions are mastercard. i think right now they start out as strictly store credit, but can be upgraded down the line

 

[60SecondsRemaining]

I never had one when working there but last year applied for one over the holidays to get a discount on a tv. The limit they spit out was so idiotically high I just skipped the 5% and closed the card immediately. No need for anyone to carry a store card with a massively high limit like that, just asking for trouble if there's a breach.

 

[Tacopie]

0. I don't have a Target credit card, only a debit one. That way I make sure I only spend money I have. I get credit cards have their benefits, but a credit card that's limited to being used at one store seems pretty silly to me.

For credit I have a chase card and Apple Card

You can use them anywhere.

 

[Captain Orca]

It's an MC. $12,750.00.

 

[Planosss]

I never had one when working there but last year applied for one over the holidays to get a discount on a tv. The limit they spit out was so idiotically high I just skipped the 5% and closed the card immediately. No need for anyone to carry a store card with a massively high limit like that, just asking for trouble if there's a breach

Was the 2 point hit worth it?

 

[smarthuddle]

You can use them anywhere.

No you can’t. There’s a store card and a mastercard. The store card can only be used in Target like the debit card. I have both the store credit card (non mastercard) and the debit card.

 

[60SecondsRemaining]

Was the 2 point hit worth it?

No, considering I didn't even use it 🤣

 

[Mikuhl]

$300 I want the MasterCard so bad for no reason.

 

[dannyy315]

Not all of the credit versions are mastercard. i think right now they start out as strictly store credit, but can be upgraded down the line

And even then, if you have to wait to be upgraded you might as well just sign up for a different credit card and just do the store debit card.

 

[RTCry]

I honestly don’t know. I have the Target Mastercard (previously was Visa). I miss the Target Visa card I had. It was so cool looking with all the bullseyes 🎯on it.

 

[NKG]

The red card is absolutely the worst credit card out there. High interest. No promotions. No rewards.

No thanks

 

[Marvin Martian]

When I got mine they gave me a credit limit of 3500 but called them and asked them to lower it to 500. They thought I was strange asking that. But ended up closing account since the interest did not justify the discount

 

[Captain Orca]

Don't buy too much shit and you won't have to pay interest. Being a tight-wad pays off in the end.

 

[Far from newbie]

When I got mine they gave me a credit limit of 3500 but called them and asked them to lower it to 500. They thought I was strange asking that. But ended up closing account since the interest did not justify the discount

Having a HIGH credit limit is GOOD for your credit score IF you don’t USE it.
Your credit score is partially calculated by HOW MUCH of your credit AVAILABLE to you is USED.

Therefore, charging a $500. TV on a $500 Credit LIMIT is very BAD Because you are USING 100% of your credit.
Whereas charging $500. On a $3500. Credit limit is NOT BAD because you are ONLY using just over 14% of the credit amount available to you.
Which would NOT harm your credit score nearly as much as the first case.

The discount is good ONLY IF you pay your bill in full every month.
I advised my sons to build good credit by charging at the register and immediately going to guest service and making a cash payment on the card.

 

[Marvin Martian]

Having a HIGH credit limit is GOOD for your credit score IF you don’t USE it.
Your credit score is partially calculated by HOW MUCH of your credit AVAILABLE to you is USED.

Therefore, charging a $500. TV on a $500 Credit LIMIT is very BAD Because you are USING 100% of your credit.
Whereas charging $500. On a $3500. Credit limit is NOT BAD because you are ONLY using just over 14% of the credit amount available to you.
Which would NOT harm your credit score nearly as much as the first case.

The discount is good ONLY IF you pay your bill in full every month.
I advised my sons to build good credit by charging at the register and immediately going to guest service and making a cash payment on the card.

I should of said savings not discount. Only had the card for about 2 months. Will not get the debit card because I do not want 2 cards tied to the same bank account.

 

[Far from newbie]

I should of said savings not discount. Only had the card for about 2 months. Will not get the debit card because I do not want 2 cards tied to the same bank account.

Me too. Not a good idea to have too many DEBIT cards unless you have a good handle on your balance at all times. I DO have a lot of CREDIT cards though.

 

[Far from newbie]

I never had one when working there but last year applied for one over the holidays to get a discount on a tv. The limit they spit out was so idiotically high I just skipped the 5% and closed the card immediately. No need for anyone to carry a store card with a massively high limit like that, just asking for trouble if there's a breach.

Shame.
You could have charged the TV, got 5% off, and then made a payment at guest service.
Your credit score took a hit when you OPENED it and went down AGAIN when you closed it.
I have many cards with ZERO balances that I don’t use but will not officially CLOSE them because closing accounts brings you credit score DOWN.
‘Better to HAVE the credit and NOT use it.

 

[Far from newbie]

My credit score is 815.
(Opened 3 new cards this year cause they were offering opening bonuses and good rewards)
Target is good at 5% off but only use it AT Target. American Express gives 6% off groceries and 3% off gasoline

Redcard Mastercard has a $14,500. Limit. (I have never asked for it to be raised - think it has raised automatically a few times since I opened it)
With a current balance of $63. on it.
Balance due is paid on time, in full, every month

 

[60SecondsRemaining]

Shame.
You could have charged the TV, got 5% off, and then made a payment at guest service.
Your credit score took a hit when you OPENED it and went down AGAIN when you closed it.
I have many cards with ZERO balances that I don’t use but will not officially CLOSE them because closing accounts brings you credit score DOWN.
‘Better to HAVE the credit and NOT use it.

It is unwise to carry a 15k+ limit on a store charge card. I will take the few point hit instead of taking that risk.

 

[Far from newbie]

It is unwise to carry a 15k+ limit on a store charge card. I will take the few point hit instead of taking that risk.

What risk is that ?

 

[60SecondsRemaining]

What risk is that ?

The risk that it gets stolen.

Not a risk most people have to deal with but is an unfortunate side effect of my employment.