If you love shopping at Target, you'll love their RedCard. Target has three types of cards to choose from: Credit, debit and reloadable. All cardholders receive a number of perks including a 5% discount on purchases at Target stores (including in-store Starbucks cafés) and at Target.com.
Target has an additional $40 bonus for new card holders when you acquire your RedCard before October 14, 2023. There are more great cash back credit card opportunities to consider if this one has you wanting more ways to earn when you spend.
Get a $40 credit when you open a RedCard Reloadable Account and spend $40 at Target. You must successfully register online at redcardreloadable.com for a new account, then activate the permanent card once received in the mail and spend $40 in one transaction within 45 days of registering the card. .
There is no fee for loading cash utilizing barcode reload at a Target location. The amount of each add money transaction at Target locations must be at least $20.00. You can also add money to your account from an external bank account or money app (like Venmo or Paypal) and receive direct deposits. Free cash withdrawals are available at any AllPoint ATM located inside of a Target location
RedCard Debit and Credit Cards
If you open a new RedCard debit and credit card you will receive a coupon for $40 off a future qualifying purchase over $40 to be used after you are approved for the card. The coupon will be mailed to you with your RedCard and will be valid through 11/13/23.
If you decide to get the RedCard credit card, you will earn 2% back on dining and gas purchases and 1% everywhere else outside of Target. The cash back rewards you earn are redeemable toward Target gift cards. You also will not earn 1% rewards when you shop at Target or Target.com, but the 5% RedCard Discount program applies to those purchases.
RedCard debit card holders pay for Target purchases directly from an existing checking account. You are required to link the card to an existing checking account and it can only be used at Target stores and Target.com.
Rewards and perks for all cardholders
In this case, all cards are created equally. You don't need to hold the credit card or link your checking account to the RedCard debit card to get the best perks. All cardholders, including the reloadable card, are eligible for the following rewards:
- 5% off every day at Target and Target.com
- No annual or monthly fees
- Free 2-day shipping on most items at Target.com
- Get an additional 30 days for returns and exchanges
- RedCard Exclusives including special items and offers
- No annual fee
Donna joined Kiplinger as a personal finance writer in 2023. Previously, she spent more than a decade as the contributing editor of J.K.Lasser's Your Income Tax Guide and edited state specific legal treatises at ALM Media. She has shared her expertise as a guest on Bloomberg, CNN, Fox, NPR, CNBC and many other media outlets around the nation. Donna graduated from Brooklyn Law School and University at Buffalo.
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