Target does not need customers

[Aerovette]

Apparently things are so good at target, they don't need customers. I called last year for an interest rate reduction. "NO" was the answer so I decided to stop using the card, BUT I did still shop there so they recieved coled hard cash with ZERO risk. Lo and behold, I found out today, they closed my account for inactivity. I called to have it restored but it is "not their policy" to do so. I explained that I was still a Target customer and that their competition (Sears, Penneys) did not do that to me. All that got was their apology but it is their policy. I told them that because of the account closure, they would no longer get my cash either. It did not make any difference. I congratulated them on their ability to remain unaffected by the poor economy and their ability to cast loyal customers aside for the sake of WANTING to have a risk via credit as opposed to wanting real money. I will not step foot in a Target store and will encourage all those I know to do the same. They did invite me to re-apply. My response...Why on EARTH would I want to RE-apply to a company that just took a crap on my credit and cancelled my card?

I hung up promptly.

[shadokeeper]

IMHO I agree with you i have been stuck at 200.00 for a very long time, every time i call and ask for a cli they tell me it happens automaticaly... It is crazy I am not even a hudge fan of Target. I have been thinking about closing them...

[nascar]

It's all about reducing contingent liability and freeing up working capital - which will probably be diverted into the bonus pool.

[jq26]

It's all about reducing contingent liability and freeing up working capital - which will probably be diverted into the bonus pool.

LOL. Actually, things are not so hot at TGT. They're thinking about selling the land underneath their stores in a leaseback arrangement.

TGT is the upscale WMT. When times get a bit shaky, buyers tend to shift down. WMT is doing better than ever and TGT is taking it on the chin.

TGT just hit me with a CLD too....$1500 -> $1000. No notice or reason given.

[Aerovette]

LOL. Actually, things are not so hot at TGT. They're thinking about selling the land underneath their stores in a leaseback arrangement.

TGT is the upscale WMT. When times get a bit shaky, buyers tend to shift down. WMT is doing better than ever and TGT is taking it on the chin.

TGT just hit me with a CLD too....$1500 -> $1000. No notice or reason given.

F*&%'em. I'll wear a Wal-Mart BAG before I will buy Target clothes. They lost a customer forever. I did the same to Montgomery Wards many years ago and look where they are

There is nothing I need there, that I can't get somewhere ese. They could have had my CASH "always" and some credit interest "now and then", instead they will get NOTHING. Not one penny.

[jq26]

Well you'll be better off...so good riddens to them. I make a $5 purchase there once per year just to keep the tradeline going so they don't cut me off. Personally, I'm of the opinion that both Target and Wal-Mart sell complete crap. Both customer service and products are a mess in my experience. I'm sure this is a regional thing, so no doubt others have different experiences based on their location. I'm just outside of a big NE city.

[Rick9972]

Have never liked Target. Have seen or heard of no reason to change my mind.

Plus they have really weird commercials.

[Flyingifr]

They closed my $4000 credit card several years ago. I just never went into a target store much, before, during or since. The terms of the card were not much to entice me to use it and therefore I didn't.

[Aerovette]

They closed my $4000 credit card several years ago. I just never went into a target store much, before, during or since. The terms of the card were not much to entice me to use it and therefore I didn't.

I truly DO understand why they closed it, but it does not make me happy. Unlike my younger years, I now see credit as something to have for emergencies and when travelling I grab a zero balance card and have it on standby just in case. I think if I am adhering to their terms, then it should be MY option to close. If I am NOT adhering to their terms then it should be THEIR decision. It mostly bothers me because without a SINGLE mistake or mis-use, or abuse on my part, my credit score will be negatively impacted. It's one thing if I do it to myself, but with a click of a mouse key, THEY have harmed my credit.

Also, when I called and told them that my agreement says NOTHING about "lack of activity" they used the "we can change the terms at will" clause to which I stated that doing away with the terms is NOT the same as a change in terms. I feel unjustly PUNISHED, when the fact that I watch my debt should be REWARDED.

[Flyingifr]

Aerovette-

In today's credit climate, no good deed goes unpunished. What happened to you once has happened to me 4 times since October and my Utilzation (even after the CLD's) is less than 20% and I have never been late with a payment.

You have the right attitude - they don't want your business... this credit funk won't last forever and there will come a day when tey ask you to come back. Then you can decide whether to take them up on it or ntell them to drop dead.

[kleep]

I've seen many variations on this article:

http://kdka.com/business/target.credit.terms.2.847705.html

I've always thought Target had overpriced crap. I only shopped there because they gave me a card a few years back - and even then it was only in emergencies when I actually needed something. I always PIF and they closed my account. While they didn't lose a 'faithful' customer, I'll never go there again.