WWW.CARDTRAK.COM (NEWS) Target VISA (11/1/01) FULL STORY: The biggest Smart VISA launch got underway today as Target started taking applications online for the new smart card. For a limited time Target is giving away, to new cardholders, an in-home smart card reader which generates exclusive offers from target.com, fields.com and GiftCatalog.com from the computer chip embedded on the VISA card. The card also includes the Target Rewards program offering one point for every dollar spent at a Target store or target.com. Purchases made elsewhere with the card will earn one point for every two dollars spent. Cardholders accumulating 1,000 points will receive a Target Rewards certificate good for 10% savings on one entire Target VISA purchase at any Target store. There is a limit of one 10% savings certificate per billing period, but excess points carry over to the next billing period. The Target smart VISA carries interest rates of 9.9%, 12.9%, 15.9% or 18.9%, depending on credit qualification. Applicants who did not qualify will, in most cases, be issued the Target Guest Card, the retailer's store card. The new VISA card is issued by Retailers National Bank, an affiliate of Target. For more information visit: http://www.target.com.
wife applies score is 663 and was approved at like 18.99 i believe..That would be her highest intrest card so we declined to acknoledge the terms..
BillB: Since there is not annual fee, have you considered keeping the account open and not using it? It should help with your credit ratios and therefore improve you score without any cost to you.
I got the "Your Application requires further processing" spiel last night. Oh Well. One wasted inquiry...
Just got approved for the Target Visa. 6k Cl I do have a bk-13 on file from 11/96. So my guess is the Target Visa card is FICO driven. Not sure if Retailers Bank will change this approval method but if your FICO is in the 600's you should be able to get a Target Visa. I now have three credit cards from Retailers- Target Visa Target Guest Card Marshall Fields
Mirage - no you don't. Your Target guest card will be closed and the balance moved over to the Visa. When I got the Target card, they closed the Target account that was attached to my Fields, and when I got the Target Visa, they closed the Guest Card account and moved the balance over. Dayton Hudson - er, Target Corp. - is a great company, and their credit products & policies are quite progressive & fair. They know you have a BK because the bureau report they pull gives them a score, as well as the "4 factors" and other pertinent information (utilization ratios, # of accounts, average ages, etc. ... it's all statistics). You just happen to fit a profile of a good customer to them - even with the BK. With my BK (95) my Fields limit keeps going up $1-2k every 4 months- they look at more than just the BK. GOod luck & congrats! -mj
Who here is applying online for the Target Visa who already has a Guest Card? I have a guest card since July and applied last night for the Visa card. It got the Requires further processing... message and as of today, they have not pulled Experian or TU. I got my Equifax report earlier in the day yesterday and don't want to spend another 9 bucks to see if Target pulled Equifax. Oh well, we'll see what happens at mail call in two weeks.
MJ, thanks for the info. Kinda like how Target Visa is giving me a shot at this. Since I am a current Providian and Nextcard customer. Not sure what CR was pulled but will update as soon as CE site is up and running. My guess is EX (CE FICO of 626 as of 11/01) Best regards, Mirage
Actually, that was only during the introduction period of the Target VISA. You can now have both the VISA and the GUEST card without any problem. I'm proof!