Target Redcard upgrade to Target Mastercard

Where you can talk about store credit cards, like gas station cards, department store cards, etc.
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Michael
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Target Redcard upgrade to Target Mastercard

Postby Michael » Sun Sep 07, 2014 8:32 am

I have had a red card with a $2000 limit since 2010.

While on the phone yesterday, I asked the CSR whether the Redcard would be eligible for upgrade to the new Target Mastercard when they roll it out early next year.

She told me yes, and that, if fact all Redcards would be automatically upgraded to Mastercards. This sounded too easy and too good to be true. I told her that all Redcards were going to get Mastercard "Chip & Pin'" technology, but that didn't mean that they would be converted to actual Mastercards.

She went and checked with her supervisor, who confirmed what she said.

Too good to be true?


dickey1331
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Postby dickey1331 » Sun Sep 07, 2014 5:02 pm

Would be pretty nice if thats true.
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CC Deville
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Postby CC Deville » Sun Sep 07, 2014 9:38 pm

When the news broke earlier this year that Target decided to move up their EMV plans, there was an artist rendering of the upcoming Target Red Cards; included were the Debit, Credit and MasterCard versions; therefore, based on that it looks like the retail card will still be available. I can't imagine that they would automatically upgrade the retail card to a co-branded MasterCard.

I think you are spot on when you indicated that all three products are going to receive MasterCard's Chip + PIN technology only and does not mean that the Debit and retail Credit card will be given a MasterCard logo.

Another point in the news articles from earlier this year was that only current co-branded Target cards (meaning the Target Visa) would be changed to Target MasterCard.

I am not an expert and they may be telling the truth. If that is the case, it would be great to have a credit card (MasterCard) available to US customers that has true Chip + PIN (not chip and signature or chip and signature and sometimes PIN at unmanned kiosks). When Target axed the Visa to new customers they owned the bank and receivables; but now that TD owns the receivables and the economy has improved, who knows? Maybe they will offer the MasterCard to the rest of us.

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Postby GodfathersBiker Chick » Fri Sep 12, 2014 4:40 pm

Which CRA do they pull

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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Sep 12, 2014 6:52 pm

Creditboards.com has a pull database which suggests they pull mostly Equifax and Transunion. Whether both or just one, I don't know, but there were very few cases of Experian pulls.

Most FICOs 600+ get approved. The odds are better if you apply in store, others report.

I have never had the card and haven't been in the store for a while, so I don't know if it's a good deal. I hear payments can take a long time to post to your account.
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rockyrock
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Postby rockyrock » Fri Sep 12, 2014 11:16 pm

CC Deville wrote:
If that is the case, it would be great to have a credit card (MasterCard) available to US customers that has true Chip + PIN (not chip and signature or chip and signature and sometimes PIN at unmanned kiosks).


USAA offers a Chip and PIN MasterCard. I've had it for over a year but only used it today for the first time.
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ilikeme1
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Postby ilikeme1 » Wed Sep 17, 2014 8:27 pm

rockyrock wrote:USAA offers a Chip and PIN MasterCard. I've had it for over a year but only used it today for the first time.


Same here, but I have not found a place to use it yet! The only place I know of around here that takes chip cards is Walmart and I don't shop there. My Penfed Visa is also Chip and Pin. My Costco and BCP Amex cards are Chip & Sig.
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