The Target Credit Card credit limit is $200 to $2,000 to start, according to forum posts. However, there's no surefire way of knowing your credit limit beforehand as the issuer does not disclose this information on the card’s terms.
For the most part, the Target Credit Card credit limit depends on each applicant’s overallcredit standing. Those with the highest income and best credit scores will generally be offered thehighest starting credit limits.
It is also worth noting that after 12 months, accounts get reviewed for automatic credit limit increases. These inquiries will result in a soft pullof your credit report, so they won’t affect your credit score. Your chances of an increase are better if your income has improved and you’ve updated it through youronline account. Makingpayments on time, and preferably in full, is also a good idea.
This answer was first published on 05/08/19 and it was last updated on 01/09/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
The Target Mastercard credit limit is usually around $6,000 to start, according to forum posts, and some cardholders report limits as high as $8,000. The issuer does not include any specific credit limit information in the card's terms, though.
What is the ideal credit card limit? ›
If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.
What credit score do you need to get approved for a Target Credit Card? ›
Your income, employment status, debts, and housing information matter, too. But your odds of approval are generally higher if you have a credit score above the 640 mark. Here are the Target Credit Card requirements for approval: Minimum credit score: 640+ (at least fair credit)
Is $3000 credit card limit good? ›
A $3,000 credit limit is good if you have fair to good credit, as it is well above the lowest limits on the market but still far below the highest. The average credit card limit overall is around $13,000. You typically need good or excellent credit, a high income and little to no existing debt to get a limit that high.
What is a realistic credit limit? ›
Many starter credit cards have credit limit ranges between $200 and $1,000. In that case, you could consider a limit of $500 or more to be a fairly good starting limit. However, the best credit limit for your first card is one that you can pay back on time each month as you spend with your card.
Is a 15k credit card limit good? ›
Adam McCann, Financial Writer
Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $15,000 or higher.
Is $20000 a good credit card limit? ›
Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.
What credit limit can I get with a 750 credit score? ›
What credit score is needed to get a high-limit credit card?
| VantageScore 3.0 credit score range | Average credit card limit |
|---|
| 300–640 | $3,481.02 |
| 640–700 | $4,735.10 |
| 700–750 | $5,968.01 |
| 750+ | $8,954.33 |
Mar 15, 2024
A $1,500 credit limit is good if you have fair to good credit, as it is well above the lowest limits on the market but still far below the highest. The average credit card limit overall is around $13,000. You typically need good or excellent credit, a high income and little to no existing debt to get a limit that high.
Is Target a hard card to get? ›
You need fair credit or better to get approved for a Target Credit Card. For the best odds of being approved, it's recommended that you only apply for a Target Credit Card if your credit score is 640 or higher and you have enough income to afford monthly bill payments.
You may be approved to shop online instantly, or you may have to wait for seven to 10 days to get your card, depending on whether Target approves you automatically. The website isn't 100% clear on how long it may take to be approved for either RedCard if you are not automatically approved.
Which is the easiest store credit card to get? ›
Some of the easiest store credit cards to get are the Fingerhut Credit Account, the Montgomery Ward Credit Account, and the Amazon Secured Credit Card. These cards accept people with “bad” credit, and they all have $0 annual fees.
What is an impressive credit limit? ›
A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt. What qualifies as a good credit limit differs from person to person, though.
Is $100,000 credit limit good? ›
Adam McCann, Financial Writer
Yes, $100,000 is a high credit card limit.
Is a $25,000 credit limit good? ›
Adam McCann, Financial Writer
Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $25,000 or higher.
Is $50000 credit card limit good? ›
Yes, $50,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $50,000 or higher.
How do I check my target red card limit? ›
You can check your Target Credit Card balance online. Just make sure to enroll in online banking first. Alternatively, you can also check your balance over the phone at (888) 755-5856.
How to increase Target credit limit? ›
To be eligible for a credit limit increase, your account must be in good standing for at least 12 months and your income information must be up to date. To update your income information, call (800) 424-6888 and follow the prompts to get connected to a customer service representative.
Is 2000 credit card limit good? ›
Yes, a $2,000 credit limit is ok, if you take into consideration that the median credit line is $5,394, according to TransUnion data from 2021.
