Question

So I’ve had a Target Red card for years, I’ve always paid the balance. Recently, they sent me a notice that my red card is transitioning to a Red card mastercard so I can use it anywhere. I have no issue paying the balance off because I rarely go to Target but my question is, would this show up as a new account on your credit report even though I’ve had the red card for years? Thanks for the help in advance!  

Answer 1

I think if they offer It, then no hit on your report. It’s only if you initiate the increase or change.  

Answer 2

This happened to me as well and I don’t recall it showing as a new account on my report

Answer 3

I think it will only show as a new account if another creditor purchases Target or any company's card.  

Answer 4

Walmart recently changed their credit card from synchrony (store card) to capital one. I've seen it on several credit reports that the old card account was closed as "transferred" and a new one opened. No credit inquiry though. I'm wondering if that is similar. A lot of store cards seem to be doing this lately. My local grocery store card is changing to Citi this month.  

Answer 5

It did not appear as a new account on my credit our switch was about 6months ago