Sebi Mitchell, Credit Cards Moderator
@sebim
Yes, the Target Credit Card does a hard pull on your credit report when you submit an application. The purpose of the hard inquiry is to evaluate your creditworthiness, based on how you've used credit in the past, and this process will temporarily lower your credit score, usually by 10 points or less for up to 12 months.
Unfortunately, pre-qualifying with only a soft pull isn’t an option. And since you’ll need to have at least fair credit (a 640+ credit score) to be considered eligible for the Target Card, make sure you have the credit needed to avoid an unnecessary hard pull on your credit. You don't want to risk credit score damage from a hard pull if you're more likely to get rejected than accepted.
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People also ask
How do I increase my Target Credit Card credit limit?
You can increase your Target Credit Card credit limit by using the card regularly, staying below your credit limit, and paying more than the minimum amount due each month. You can't just ask Target for a higher credit limit, unfortunately, though they will keep track of your account activity to see if you are eligible for a credit limit increase. If you do qualify for a higher credit limit, the increase will apply automatically, and you will be notified via email.
read full answer by WalletHub, Financial CompanyHow do I check my Target Credit Card application status?
You can check your Target Credit Card application status by calling 1 (800) 424-6888. When you call, you’ll need to provide the required information so that TD Bank can match you to your application. TD Bank does not allow you to check your application status online
How to Check Your Target Credit Card Application Status
- Call 1 (800) 424-6888.
- Follow the automated prompts that lead to an application status check or connect with a representative and tell them you’d...
How can I pre-qualify for the Target Credit Card?
You cannot pre-qualify for the Target Credit Card.
The Target Credit Card only requires fair credit or better (a credit score of 640+) for good odds of approval, though. Other factors, such as your income, debt and overall ability to make credit card payments will also be taken into consideration. If you don’t know where you stand, you can check your credit score for free, right here on WalletHub.
Applying for the Target Credit Card will trigger a hard inquiry...
read full answer by Jamie Thompson, WalletHub AnalystDid we answer your question?
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