Target Complaint - Credit card policy stupidity
I applied for and was issued a Target Visa several years ago after being talked into getting a card by the Target cashier to save 10% on a purchase. I was given a $6500 credit limit. This is actually a low limit compared to my other credit cards because I am fortunate enough to be able to pay my balances each month and make a good income from my full time job. Recently I started using the Target Visa again after they instituted the 5% savings and also added a substantial grocery section to my local Target in Montgomeryville, PA. I have only used the card twice recently and when I went to pay for my groceries today, my card was declined twice. The cashier apologized but said that there is nothing that they can do locally. I therefore paid for the groceries with my debit card and left. I called Target credit card services when I got home and was told that since I had not used my card in a while, the limit had been reduced from $6500 to $200. I asked to have it reinstated to $6500 and was told that could not be done until the account got reviewed over several months of usage. I asked if they could just run a credit report with my social security number to check my payment history on other cards and other things to aid them in increasing the credit limit but they said that Target does not work with credit reporting agencies that way. Well, it is going to be hard to use the Target Visa card very often for my groceries with just a $200 limit as I usually spend at least $100 each week with the inclusion of cleaning products, toiletries and pet food. Oh well, it is Target's loss. As soon as I get the bill in about a week, I am going to pay off the Target Visa and cancel the card altogether. I might start shopping someplace else out of principle. The only complication is that I own Target stock - which makes this situation even more ludicrous.