DO **NOT** Get the TARGET RedCard!
Target "National Bank" is a cancer on the Target brand name and needs to be abolished. It's much more harsh, impersonal, inflexible, and conservative than any of the huge national bank conglomerates. They don't care about their customers and are all about making a buck off your back.
(1) Target "pushes" this credit card through it's employees at point-of-sale and they resent being harassessed for not "selling" enough cards. Check the online blogs including at 'ihatetarget.com'.
(2) Customers are being pushed into applying for this card at point-of-sale and tempted with immediate 'savings' on their purchase. Standing at a cash register with people lined up behind you is not the time to be deciding if you want to apply for a credit card and the implications of that!!
(3) I applied at the register for my 5% savings but the application would not allow me to list my (correct) PO Box since I travel for business and don't want my mail sitting curbside for days. I had to list my street address (which only gets junk mail.) My first mistake, I admit. I should not even have applied but they put me on the spot.
(4) My bill got mixed in with other mail and I missed making my payment. Yes, my mistake, but an honest mistake. As soon as I became aware of it, I paid the amount in full, not just the minimum due.
(5) Due to the honest misunderstanding, I asked to have late charges and/or interest credited to my account as a one-time courtesy, since I don't make a habit of being an irresponsible borrower. They refused. They reported me 30-days late on my payment to credit bureau.
(6) I used the card more over a period of a couple of years to show I was responsible.
(7) After a few years, I asked them to give me a good faith removal of that 30-day late payment. They refused. I asked again after several months, by elevating to a higher level (VP). They refused. *Note: Statistics show the majority of customers who ask for a reversal of late charges, interest, or dropping of late payment reports succeed, especially on the first offense. Most stores know people are human, they sometimes make mistakes, and they shouldn't be beat over the head for a late payment for the SEVEN YEARS it takes to fall off their credit reports. Not Target. They will take every opportunity to make every penny they can off every customer from interest and fees to make up for that 5% they pay out. Not good for business or for customer relations, but they don't care about you. It's all about the almighty dollar with them.
(8) I proceeded to boycott Target fpr several years. They threatened to close my card from disuse and finally closed it.
I'm coming up on the end of my seven-year late payment sentence. It really doesn't affect my credit much at this point, but it annoys me that they continue to hold it over me. They lost a long-time customer for life over their foolish "REDCARD" program.… read more
Reviewed by: @maxj_7