"Low CL High Interest Rate"

Target REDcard® Store Card Review
Card Reviews
Comments
Add Your Own
About

Written by: irispixie on 2010-06-15

Overall Satisfaction Star Rating
Customer Service Star Rating
Rewards Star Rating
Account Management Star Rating
Delivery Time Star Rating

irispixie's review: Callout Comment 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 User Icon on 2010-06-15

Remarks 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.
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.