got target visa with 641EQ

Discussion in 'Credit Talk' started by combackkid, Jul 8, 2002.

  1. GEORGE

    GEORGE Well-Known Member

    ME 15.90%--->12.90%
    WIFE 18.90%--->15.90%

    ME + $500
    HER + $0

    They "INFERRED" you have to wait for them to "GIVE" you a limit increase when they want to---DON'T ASK!!!

    And they FLAT OUT SAID...one interest rate decrease per card life (expire date)...so if your card expires 11/2004...it will be a VERY LONG TIME!!!
     
  2. erik776

    erik776 Well-Known Member

    Marie

    I got my Target Visa and called to activate it and they drooped the APR to 15.9% just like you said. Thanks!. This is great! Now, can I use the card now and call for another rate reduction in a week or should I not use the card until I ask for another rate reduction?
     
  3. erik776

    erik776 Well-Known Member

    BUMP
     
  4. Marie

    Marie Well-Known Member

    You can use it or not. your choice. My guess is that they don't see the first rate reduction at activation... they think you started at 15.9.

    wait a week or 2 and call... say you're thinking of putting a purchase on that you'd like to leave for a month or 2... how much can you get your rate reduced... you'll get 12.9.

    if you get a no... call back. you'll get it. I did. :) I almost got 9.9 a month later... but the rep saw the "note" from the other rep about the 12.9 and didn't do it after he said he would .... bummer ;( I'll try again next month :) the worst they can say is "no"... ;;;;;)))))
     
  5. erik776

    erik776 Well-Known Member

    Thanks. This is great. Perhaps after the stock market recovers I will be able to get more Visa accounts at a lower interest rate. I generally never carry a balance anyway but it would be a nice cushion if I could get a card under 10% with a large CL.

    I just got turned down for booth Amoco gas card and a Sears MasterCard due to my 5 year old CH7 BK. But at least I got the target card and I decided to give Aspire Visa a chance. They offered me a CL of $1,000 at 15% with no annual fee or monthly fee. We will see with them. I am still skeptical. Thanks for the help.
     
  6. newstdt

    newstdt Well-Known Member

    I applied a few weeks ago and got turned down because of:

    1. derogatory public record info (ch. 7 bk)
    2. number of accounts with delinquency. (accounts were included in bk and were late due to the bk filing date and discharge date. I was never late before I filed.)
    3. Length of time too short. (Filed March 2001).

    Equifax score: 657 at time I applied. I really need to start listening to that little voice that says "forget it-they won't give it to you!!" LOL!

    Hope this helps.

    Newstdt
     
  7. erik776

    erik776 Well-Known Member

    Sorry to hear that. A Beacon score of 657 is great for having filed BK 7 16 months ago. I would figure perhaps they have a rule relating to the BK and time. I would apply at 24 months and if they don't give it to you apply again at 36 months. Question, did you get any secured cards?
     
  8. newstdt

    newstdt Well-Known Member

    Hi Erik,

    Yea I was bummed!! I did get the Target Guest card several months ago and my Mervyns survived my bk. Both accounts are in good standing and I use them regularly so they'll report for me.

    I think you're right, I'm probably going to try again at 2 years (+) and I'll just call beforehand and ask if it's too soon.

    I was jazzed thinking if I got the Target Visa, I could get rid of Providian who will raise my rate in Dec (which I'll have paid off by then). I have the Providian and an Orchard m/c that's at 18.99%. (Both of my accts are unsecured.)

    Ah well, another "hard" lesson learned! Pun intended~ LOL!~ Cost me a darn inquiry!!!!

    Newstdt
     
  9. christi523

    christi523 Well-Known Member

    That is really odd. I also have a bankruptcy (ch 7) I filed 2-01 and it was discharged 5-01. My Equifax score was 659 when I applied and I was approved. I basically have all the same criteria on my report and have had a Target Guest card since 97 which survived the bankruptcy. I am really sorry that happened to you , but I wonder why I got approved last week and you didn't. It doesn't make sense does it?
     
  10. erik776

    erik776 Well-Known Member

    Christi

    Interesting. It could be because you already had a card with them.
     
  11. LKH

    LKH Well-Known Member

    That most likely is the reason.
     
  12. christi523

    christi523 Well-Known Member

    Yes, but so did Newstdt. He stated he had a Target Guest card and a Meryvn's card. Maybe it was the income. Just a thought.
     
  13. christi523

    christi523 Well-Known Member

    I didn't check my mail until this morning and my Target card had arrived!! Anyway, I called just like the others advised, since my starting rate was at 18.9%, and asked them to lower my interest. The rep said she could lower my interest to 15.9% and she would need to activate my card to decrease the rate. Well I hope when I call again it doesn't show that the rate was previously reduced. I wanted to do like Maria suggested in earlier posts and get it down to 12.9%. Well I guess I will find out in a few weeks. I also tried to increase the cl and the rep told me that she could not do that and that I would have to wait 90 days before I could get an increase. Has anyone else been told that about the increase?
     
  14. GEORGE

    GEORGE Well-Known Member

    I got a PIDDELY $500 increase~~~wife $0...

    They said they will review the account to "SEE" if you get one DON'T ASK!!!

    ME 15.90%---->12.90%
    HER 18.90%---->15.90%

    She was told..."WAIT TILL THE CARD EXPIRES FOR A RATE DECREASE"...yea right (late 2004)
     
  15. christi523

    christi523 Well-Known Member

     
  16. GEORGE

    GEORGE Well-Known Member

     
  17. GEORGE

    GEORGE Well-Known Member

    ONE WAY STREETS DON'T WORK!!!

    I will use your card (TARGET) if you reduce my interest rate to 9.90% and increase the credit limit...

    HOW CAN YOU MAKE ANY MONEY IF MY CARDS ARE IN THE "SOCK DRAWER"???
     
  18. newstdt

    newstdt Well-Known Member

    Now I'm really bummed!!! :eek:(

    But I'm glad to hear you got it, that tells me there is still hope I guess. I may PF to see if they'll reconsider. I did get my Target Guest Card after I was discharged, but my Mervyns is over 15 years old. I previously had their guest card but closed it in 94 when we were applying for our home loan. All of my accounts were/are in good standing at all times.

    I'll keep you guys updated.

    Newstdt.
     

Share This Page