So I canceled my Target Red Card recently after twice calling to request an increase in my credit limit. Once in December when I wanted to purchase some electronics for gifts.
I was told no credit increases were allowed during December. Huh!I should back-up a little and explain when I got the card my credit limit was $2,000, but because I hadn't gone into debt charging items at Target over time my credit limit was reduced to a measly $200. That's a great incentive for someone to shop for Christmas gifts at Target. I promptly took my business elsewhere.When I called again last week I was told no again.
Then the rep started asking me why I haven't been using my card enough to suit Target? Huh! In other words if I promised to buy a lot of stuff on my card they would consider raising my limit. I told him my shopping habits weren't Target's business and to please cancel my card.For a company to penalize customers for not charging some arbitrary amount on their card is *** and insulting to my intelligence (what's left of it after talking to their customer service).
For example: when I don't spend enough at Nordstrom all that happens is I'm not invited to the Presale or VIP events; if I don't spend $500 annually at Kohl's I don't get the coupons in the mail; Macy's sends me coupons no matter.
You get the idea. I have credit cards with $25k+credit limits and nothing happens when I don't use them, or pay them off monthly.As I told CS, there are thousands of places to spend my money and so long Target!
Product or Service Mentioned: Target Credit Card.