Not resolved
2 comments

my dad has a target card, "redcard" , and the only reason he got it was to help pay for his medication not paid for by medicare during his donut hole. he has to pay $2700 before medicare part d will pay for any of his medications.

he is disabled and on ss & got the card to help pay for his out of pocket expense, this way he does not have to go without his medication. the problem is his interest rate has grown from 18% to 29.99% in less than a year!!!!!!!!! he has NEVER been late with a payment & usually pays more than his minimum payment. his last bill was $49.92 & he paid $300.

however, his rate went from 27.24% to 29.99% just in the last month!!!!!!!!! he called customer service about this matter & they told him they had raised everyones rate by nearly 3% to help recover money they have lost due to other people filing bankruptcy against them. i'm sorry but how the *** is that my dad's or anyone elses problem?????????!!!!!!!!!!!

i think it is wrong to screw a customer with a good payment history, already living on limited income, just because someone else has screwed you!!!!!!!!!! if anyone has any suggestions or comments they would be greatly appreciated!

Review about: Target Credit Card.

Do You Have Something To Say ?

Write a review

Comments

Terms of Service
Post Comment
Cancel
Anonymous
#309471

Pay off the balance....so NOT helpful! Target Red Card is a predatory lender!

They "target" seniors, low-income and troubled credit customers with bait and switch credit offers. They have to raise the rates because of defaults? That's their problem -did they decide to extend credit to risky borrowers or did the senior citizen in this case? We're supposed to pay for their poor judgement & faulty business model?

Take it out of the shareholders dividends -you gamble, sometimes you lose.

Moral of story? Don't shop at Target and don't take their card!

Anonymous
#59256

Quote = Lucinda sasser

“my dad has a target card, "redcard"”

These are not the same. A RedCard is a credit card issed by Target National Bank and affiliated with Visa. Does your card have the Visa logo on it?

Quote = Lucinda sasser

“the problem is his interest rate has grown from 18% to 29.99% in less than a year! (…) he has NEVER been late with a payment & usually pays more than his minimum payment.”

So he is carrying a balance on the card? How much and for how long?

Quote = Lucinda sasser

“he called customer service about this matter & they told him they had raised everyones (sic) rate by nearly 3% to help recover money they have lost due to other people filing bankruptcy against them.”

While that may be true, and difficult to prove, you can’t stop the credit card company from raising the rate. This was in the terms and conditions that your dad accepted when he agreed to the line of credit (the application that he made in a Target store or on line).

Quote = Lucinda sasser

“ i'm sorry but how the *** is that my dad's or anyone elses problem? (…) i think it is wrong to screw a customer with a good payment history, already living on limited income, just because someone else has screwed you!(…) if anyone has any suggestions or comments they would be greatly appreciated!”

Pay off the balance and cancel the account.

You May Also Like