Target Approved Me

[cap350z]

I'm officially on the Target bandwagon.

Applied for a Target Visa before Christmas. Attempts at getting instant Credit.

Five days later I get a Targert Red Card in the mail. Initial limit of $200.00

I immediately cut up the card. I'm going to play a little game with my fico score. I want the score to increase a little by showing that I have untouched available credit.

Thanks to all who have recommended Target for applying for credit.

My 2nd anniversary for bankruptcy discharge will be in March 2008. It has been a tough ride.

[rrockinggramma]

actually if you really want to jump start your fico score, you need to charge like 25.00 on your target card and then you need to pay it off just before the new statement date comes out. That way it shows on your cr that you used your card but PIF. Low utilization of the card is what jumps the fico scores. For other tips, check out myfico.com.

By the way, do you know what your credit score was to get that card?

[sandhall]

sometimes opeing a card and never using it will make your fico score go down

[chpxiii]

Ditto to rrockinggramma and sandhall.

Further, if you don't use your card, the creditor may close an account due to no utilization. Having an account closed will hurt your score.

[jennordhavn]

I have a Target Red Card. One day I got a print out on my receipt saying I was pre-approved. So I went to customer service and they gave me a $200 limit. Three months later they upped it to $500. I have a Ch. 7 bankruptcy from 2000/2001 and very bad credit (score is about 485) and they still approved me! I only have this and one other credit card now ($450 limit Visa) and I keep them both on time and below the credit limit. They haven't helped my score much, but that's because I have so many negative things still on there that I'm waiting to fall off or working to clean up.

[crazydebt]

i got approved and received my target red card. I did however applied for their visa card but got sent the red card instead. Oh well. I read that they sometime will upgrade you from the red card to their visa card...not sure though.