I have read some articles & message boards online & I have read that the Target store card is terrible for your credit score. I have had a Target card for 2 years now & they have never raised me from my intial $200 limit. Has anyone else heard this about the Target card? Deciding if I should close this account in hopes of improving my score & lose the 2+ years of perfect credit history with them?? Advice please! Thank you!
If they are your oldest, open accoount, I would keep it open. See this thread: 5 Credit Cards You Should Never Close !!
If Target is reporting correctly closing your account will not increase your score. Besides the card carries no AF so it doesn't cost you anything.
As I posted before, I had the Target Card (also a $200) limit. One year later they raised my limit to $400. In year three they bumped me up to a Visa with a limit of $3,500. So there may be something with your credit that is preventing a rise in limits or a conversion. I wish I had the answer for you but just to let you know there are victories with Target.
