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Target Card News-Good News

Discussion in 'Credit Talk' started by rick, Dec 1, 2000.

  1. Dec 1, 2000 #1
    rick

    rick Well-Known Member

    Looks like Target will start Co-branding their card with VISA! GOOD NEWS!

    November 29 2000
    TARGET TAPS TOTAL FOR VISA PROCESSING
    Target Corp., of Minneapolis, says today it will use No. 2 card processor Total System Services Inc. to process the new Visa cobranded card issued by its Retailers National Bank subsidiary for its big Target discount-store division
     
  3. Dec 1, 2000 #2
    Newcomer

    Newcomer Well-Known Member

    If you have a card, does that mean you have to re-apply or will they give new cards?
     
  4. Dec 1, 2000 #3
    rick

    rick Well-Known Member

    I wish I knew. I just found this on the web. I hope they would convert everyone. Perhaps someone can call and find out the details?
     
  5. Dec 1, 2000 #4
    Momof3

    Momof3 Well-Known Member

    Now I also know Sear is doing this with MC I believe and it stated that they would offer this to their current customers only by special invitations. Don't know if Target will do the same?


    Mom
     
  6. Dec 1, 2000 #5
    sam

    sam Well-Known Member

    I guess target is thinking like "KMART"???

    Does it mention which bank will be running the show?
     
  7. Dec 1, 2000 #6
    GEORGE

    GEORGE Well-Known Member

    BETTER NOT BE EXACTLY LIKE K-MART...YOUR CREDIT LINE IS LIKE $500.00 BUT YOU CAN SPEND MAYBE $400 AT K-MART WHICH MEANS YOU CAN ONLY SPEND $100 AT ANY OTHER STORE...THAT PART OF THE PROGRAM DOESN'T COMPUTE!!!
     
  8. Dec 1, 2000 #7
    dave

    dave Well-Known Member

    RE: I don't want a co-branded!

    I have my Target card to use as a retail card. I have by major CC accounts, and I don't need or want another right now. I will cancel if they force a changeover.

    If it is offered by invitation only, based on the way you handle the account, etc., I'll probably be getting something (not to be cocky, but I do what I need to do to keep in excellent standing).

    Besides, Target/Retailers National Bank hasn't updated my account on cr's in over 5 months. I think they stopped reporting, and if Retailers continues to supply the VISA, it probably won't be reported.
     
  9. Dec 1, 2000 #8
    mj

    mj Well-Known Member

    They will do it in-house through their wholly-owned cc bank, Retailers National Bank (same as for Daytons, Marshall Fields, Hudsons, and Mervyns).

    I wonder if it will be for the Target division or if it won't be for the Dept. Store division (ala Nordstrom, who's doing Visa and Visa Signature co-brands)?

    ---side note--- someone asked about Sears MC... that is NOT offered to "good customers" - those that run a balance and pay on time -- it's offered to customers who don't carry a balance. That way they make a little money off of them (interchange, about .75-1%) and keep in touch with 'em.
     

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