A super easy way to keep up with your old pal Katy is to subscribe to my newsletter!
never in my life did i think that i would be turned down for a credit card.
i could fill a dumpster with the number of credit card offers i get in the mail each week, and the one time i actually try to apply for a card, they say no?
today i tried to get myself a target visa card, to separate my personal purchases from the purchases doc and i make jointly. i was turned down, and offered instead a target store charge card, which i have no use for.
i pulled my credit reports; they’re spotless. i have only my mortgage and one credit card on them. my debt consists almost entirely of my mortgage, and the debt that i do carry on my credit card is extremely low. up until recently, i’ve paid my entire balance every month without fail. i have no negative credit history whatsoever.
i can’t figure this out, for the life of me. my only theory is that perhaps i’m TOO GOOD… in otherwords. because of my history of faithful payments and paying off my balances, they wouldn’t make any money off of me in finance charges or late fees.
what do you think? any other theories?
It seems unlikely to me that Target would turn you down for being too good, though I suppose it’s possible. I’m not sure it’s legal though. Here’s a link to your rights when you’re turned down. Don’t know if you want to follow up on it but they are supposed to send you a letter explaining why they rejected the credit.
http://www.credittalk.com/myrights/turndown.html
Oops, forgot silly Blogger doesn’t require a name.
Brett
Visa will make money every time you charge something whether you pay off your balance or not. It could be that you aren’t in the target demographic (no pun intended) for this card.
When you got your credit report, did you get Doc’s too? It’s been a while since I looked at ours, so I don’t remember if that happens automatically or not.
Bonnie
that’s right, i forgot the merchant is charged a fee when someone uses their credit card, that goes to the c.c. company. so i guess they would make money off me.
still… it just seemed weird. and i was miffed. reeeeally miffed. i think i’m just going to go to my bank (whom i have my current card with) and see if they’ll give me another one.
i really liked the way the target cards looked, though (and i LOVE their marketing campaigns) — that’s the whole reason i decided to go with them. oh well.