Posts Tagged ‘store’

The new laws allow credit card companies to profile your purchases to see what your spening trends are, and if your trends are similar to those of a demographic that normally doesnt pay their bills, your card gets cancelled. It already happened to me. Now, the only credit card I could get is a target stoare card. I read targets policies and they said the same thing as the new law- they can cancel my account at any time because of consumer/credit information they receive from a third party. What kind of spending do I need to do in order to keep my target card? I only have a $200 limit, and I am paying the card off every month, leaving $10 or $15 to carry over to the next month.
http://www.newcreditrules.com/ explains the new laws.