The Target REDcard is an exclusive line of financial products offered by Target to its customers, designed to provide a plethora of benefits and conveniences for regular shoppers.
The REDcard is available in two main formats: the REDcard Credit Card and the REDcard Debit Card.
The credit card is issued by TD Bank USA, N.A., and offers users the ability to make purchases on credit, while the debit card is directly linked to the cardholder’s existing checking account, allowing for direct withdrawals of funds for purchases.
Both cards share several benefits, which will be detailed in this article, such as a flat discount on purchases, free shipping for online orders, and an extended return policy.
Contents
- 1 Features and Benefits of Target RedCard
- 2 Application Process
- 3 Using Your REDcard
- 4 Rewards and Additional Perks
- 5 Security Features
- 6 Comparison With Other Store Cards
- 7 Frequently Asked Questions
- 7.1 What is a Target REDcard used for?
- 7.2 Is Target REDcard hard to get?
- 7.3 How much is the Target REDcard fee?
- 7.4 Is a Target REDcard a debit card?
- 7.5 What is the average Target Credit Card limit?
- 7.6 Can I use my Target REDcard outside of Target?
- 7.7 What happens if I return an item bought with a Target REDcard?
- 7.8 How do I close my Target REDcard account?
- 7.9 Can I add authorized users to my Target REDcard account?
- 7.10 How does the Target REDcard impact my credit score?
- 8 Conclusion
Features and Benefits of Target RedCard
5% Off Every Day
One of the most attractive features of the REDcard is the automatic 5% discount applied to almost all purchases at Target stores and online at Target.com.
This discount is applied at the point of sale, providing immediate savings without the need for coupons or promotional codes.
Whether buying electronics, clothing, or groceries, the 5% discount consistently adds up, making a significant difference in the total shopping bill.
Free Shipping
For avid online shoppers, the REDcard offers an unbeatable advantage: free two-day shipping on most items sold by Target.com.
This feature is particularly valuable during high shopping seasons such as the holidays, where it not only saves money but also time.
Extended Returns
Target normally allows returns within 90 days of purchase, but REDcard holders enjoy an additional 30 days for returns, giving them a total of 120 days.
This extended return policy provides additional flexibility for customers who may need more time to decide whether to keep a purchase.
Application Process
Applying for a Target REDcard is straightforward, whether you prefer the credit card or the debit card option. Here’s a detailed guide to help you through the application process.
Eligibility Criteria
To be eligible for a REDcard, applicants must meet certain criteria:
- Be at least 18 years old.
- Possess a U.S. address.
- Have a U.S. Social Security Number.
For the debit card, a U.S. bank account is also required as it links directly to your checking account.
Steps to Apply for the Credit Card
- Online Application: Visit the Target REDcard application page on Target’s official website. Fill in the application form, which includes providing your personal information, social security number, and financial information.
- In-Store Application: You can also apply in person at any Target store. A staff member will guide you through the process, which involves filling out a form similar to the online version.
- Approval Process: Once submitted, the application will undergo a credit check for the credit card to assess your creditworthiness.
Steps to Apply for the Debit Card
- Application Requirements: Alongside the general personal information, you will need to provide your bank account details as the REDcard debit will be linked directly to your checking account.
- Verification Process: Target will make small deposits into your checking account to verify it before activating your REDcard debit.
- Set Up PIN: Upon approval, you will set up a personal identification number (PIN) for your debit card.
Once your application is approved and you receive your card, you can start enjoying the benefits immediately.
Using Your REDcard
Utilizing your REDcard for purchases is designed to be as seamless as possible, whether you are shopping online or in a physical Target store.
In-Store Purchases
Simply present your REDcard at checkout to receive the 5% discount immediately on qualifying purchases.
The transaction will be processed either through your credit limit for the REDcard Credit Card or directly from your linked bank account for the REDcard Debit Card.
Online Purchases
When shopping on Target.com, ensure that your REDcard is linked to your Target account. Once linked, the 5% discount and free shipping options will automatically apply to your purchases at checkout.
Target App Integration
For an even more convenient shopping experience, link your REDcard to the Target mobile app. This integration allows you to easily manage your card, track your savings, and even use your REDcard for mobile wallet payments directly from your phone.
Rewards and Additional Perks
The Target REDcard goes beyond just discounts and shipping perks, offering a suite of additional rewards that enhance the shopping experience for its holders.
Exclusive Offers and Promotions
REDcard holders are often the first to know about special promotions and exclusive deals available at Target.
These can include early access to sales, special items, and unique discounts on specific categories beyond the standard 5% off.
Special Events
Throughout the year, Target may host special events for REDcard holders, providing further discounts, offers on bulk purchases, or opportunities to preview new products and collections before they are available to the general public.
Anniversary Offers
Target appreciates loyalty, and on the anniversary of your REDcard signup, you might receive special offers to celebrate your continued partnership with Target.
These offers could range from additional discounts to bonus points in other Target services.
Security Features
In today’s digital age, the security of financial transactions is paramount. Target ensures that REDcard holders are equipped with robust security features to protect their information and finances.
Chip-and-PIN Technology
Both the REDcard Credit and Debit Cards incorporate chip-and-PIN technology, which provides an added layer of security compared to magnetic stripe cards.
This technology makes it significantly more difficult for fraudsters to copy or clone your card.
Fraud Monitoring
Target actively monitors REDcard accounts for unusual activity. If suspicious transactions are detected, they may temporarily freeze the card and contact the cardholder to verify the transactions, ensuring that any fraudulent activity is stopped promptly.
Secure Account Management
Cardholders can manage their accounts online with strong authentication measures in place. Regular updates and optional alerts can also be set up to keep cardholders informed of their balances, due payments, and recent transactions.
Comparison With Other Store Cards
When choosing a store credit card, it’s important to consider how it stacks up against other similar offerings in the market.
Discounts and Benefits
The REDcard offers a flat 5% discount on almost all purchases, which is highly competitive. Many other store cards offer similar discounts, but these often come in the form of rewards points that need to be redeemed, rather than instant savings at checkout.
Flexibility and Usage
Unlike many store-specific cards, the REDcard is not just limited to credit purchases but also offers a debit option, which draws directly from the cardholder’s bank account. This can be more appealing for those who prefer not to accrue credit card debt.
Interest Rates and Fees
The REDcard Credit Card’s interest rates are comparable to other retail credit cards, which can be relatively high compared to general-purpose credit cards.
It’s crucial for potential cardholders to consider this when deciding to carry a balance on the card.
Frequently Asked Questions
What is a Target REDcard used for?
The Target REDcard is designed for shopping at Target stores and on Target.com. It provides cardholders with exclusive benefits such as a 5% discount on most purchases, free two-day shipping on eligible items, and extended return periods.
It is available as both a debit card, which links directly to your bank account, and a credit card, which functions on a line of credit.
Is Target REDcard hard to get?
The difficulty in obtaining a Target REDcard can vary depending on the type of card you are applying for:
Credit Card: Since this card requires a credit check, the ease of getting approved depends on your credit score and financial history. Generally, it requires at least fair credit for approval.
Debit Card: The debit card version is easier to obtain as it does not require a credit check, but you must have a U.S. bank account that can be verified by Target.
How much is the Target REDcard fee?
There is no annual fee for either the Target REDcard credit card or debit card, making it cost-effective for regular Target shoppers.
Is a Target REDcard a debit card?
The Target REDcard is available both as a debit card and a credit card. The debit card version is linked directly to your checking account and draws money directly from the account to cover purchases, whereas the credit card version extends a line of credit.
What is the average Target Credit Card limit?
The credit limit for a Target REDcard credit card varies based on the individual’s creditworthiness and financial history. Limits can start as low as $200 but can be higher based on your credit score, income, and existing debts.
It’s not uncommon for established cardholders with good credit to receive higher limits.
Can I use my Target REDcard outside of Target?
The Target REDcard is designed primarily for use at Target stores and on Target.com. The credit card version can technically be used anywhere that accepts Visa (if you have the Visa-branded version), but its benefits like the 5% discount apply exclusively to Target purchases. The debit card is strictly for Target purchases only.
What happens if I return an item bought with a Target REDcard?
If you return an item purchased with your Target REDcard, the refund will be credited back to your card. You will also receive back any discounts you received from using the card for that purchase.
The extended return policy—additional 30 days over the standard 90-day return policy—still applies, giving you more flexibility.
How do I close my Target REDcard account?
To close your Target REDcard account, you can call the customer service number provided on the back of your card or listed on the website.
It’s recommended to pay off any remaining balance before closing to ensure a smooth process.
Be aware that closing a credit card account can affect your credit score by impacting your credit utilization ratio and the average age of your credit accounts.
Yes, you can add authorized users to your Target REDcard credit card account. This can be done through your online account management page or by contacting Target REDcard customer service.
Authorized users will receive their own card linked to the primary account and can enjoy the same benefits. Note that the primary account holder is responsible for all charges made by the authorized users.
How does the Target REDcard impact my credit score?
Applying for the Target REDcard credit card involves a hard inquiry on your credit report, which can temporarily lower your credit score by a few points.
If approved, how you manage your account (like maintaining low balances and making payments on time) can positively or negatively affect your credit score.
The debit card version, however, does not impact your credit score as it does not require a credit check upon application and is not reported to credit bureaus.
Conclusion
The Target REDcard offers a substantial array of benefits that can significantly enhance the shopping experience for regular Target customers.
With instant discounts, exclusive offers, and strong security measures, it represents a compelling choice for those who shop frequently at Target.
Whether it is best suited for your needs depends on your shopping habits, financial situation, and how much value you place on the additional perks and rewards it provides.