The Target Circle™ RedCard offers three main types of cards: the Target Credit Card, the Target Debit Card, and the Target Reloadable Card. Each type caters to a variety of user needs, providing benefits for frequent Target shoppers who are looking to maximize savings and earn rewards on their purchases.
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The Credit and Debit options allow cardholders to save 5% on eligible purchases at Target and Target.com, while the Reloadable Card provides similar benefits but can also be used outside Target stores. This card program is ideal for those who regularly shop at Target, offering benefits like extended returns, exclusive deals, and free shipping options.
Qualification requirements
For both Credit and Debit card options, applicants need to fulfill standard credit and identity verification criteria. Approval is generally determined based on an applicant’s credit history, meaning those with higher credit scores may have better chances of qualifying.
The Reloadable Card, however, is more accessible and inclusive as it does not require a credit check. Instead, it is linked to a funding source, like a bank account, rather than a line of credit. Additionally, applicants for all three cards must be at least 18 years old, and Target performs a quick identity verification during the application to ensure authenticity.
Benefits
Each Target Circle RedCard version provides the core 5% savings on nearly all purchases, giving users the chance to save significantly, especially if they are regular Target shoppers. Free two-day shipping on eligible items at Target.com is another perk, perfect for online shoppers who want to avoid delivery fees. Furthermore, the Target Credit Card offers 2% cash back on dining and gas purchases, while the Reloadable Card allows for easy reloading and is accepted anywhere Visa® debit cards are accepted.
The extended return window, adding an additional 30 days on returns and exchanges, can also be highly beneficial for cardholders who may need more time to make return decisions. Exclusive discounts and seasonal offers enhance the card’s appeal, giving users access to deals and promotions available only to cardholders.
Pros
The Target Circle RedCard is packed with benefits, particularly for frequent Target shoppers. Here’s a summary of its advantages:
- 5% Savings: Consistent discounts on almost everything at Target stores and Target.com.
- No Annual Fee: Unlike many credit cards, there are no annual fees, keeping the card cost-effective.
- Free Shipping: Eligible online purchases get free two-day shipping.
- Extended Returns: Cardholders have an additional 30 days to make returns.
- Cash Back Opportunities: Some cards provide cash back on dining and gas purchases.
- Widespread Acceptance: The Reloadable Card can be used wherever Visa debit cards are accepted.
- Simple Reload Options: Easily add funds to the Reloadable Card.
Cons
While there are clear benefits, some potential downsides should be considered. Here’s a brief summary of the limitations:
- Limited Rewards: Compared to other reward cards, the savings and rewards are mainly limited to Target.
- Restricted Usage: Only the Reloadable Card can be used outside of Target.
- Interest Rates: High APR on the Credit Card if balances aren’t paid in full each month.
- Exclusions: Some specialty items and services aren’t eligible for the 5% discount.
- No Universal Cash Back: Cash back benefits are primarily limited to specific categories, like dining and gas.
- No Cash Advances: The Credit Card does not offer cash advances.
How to apply
You can apply for the Target Circle RedCard in three different forms—Credit Card, Debit Card, and Reloadable Card—each with a unique application process. Applying online through Target’s website or in-store offers flexibility for applicants. For the Credit Card, you’ll need to fill out a standard application form, providing personal information such as your Social Security number, contact details, and income.
The Debit Card application requires linking it to an active checking account since purchases are directly deducted from this account. The Reloadable Card has a simpler application and verification process, allowing you to set up automatic reloading for hassle-free spending.
Is the card worth it after all?
The Target Circle RedCard is a valuable asset for frequent Target shoppers, especially with the 5% discount that applies to almost all in-store and online purchases. It can make a noticeable difference for those who regularly shop at Target, potentially saving hundreds annually.
However, for those who do not shop at Target often, the card’s limited rewards and savings may not offer enough incentive compared to other general rewards cards that provide more flexible cash back or points.
The Credit Card option’s cash-back feature on gas and dining can be a nice bonus for cardholders, but those with higher spending needs or a preference for general-use rewards cards may find the limited Target-focused rewards restrictive. The Debit and Reloadable options are more flexible, particularly for those who prefer not to carry a balance or undergo a credit check.
Conclusion
The Target Circle RedCard is an excellent choice for loyal Target shoppers, offering valuable savings and exclusive benefits. Available in Credit, Debit, and Reloadable options, it adapts to various spending preferences, making it accessible and versatile. The card’s standout feature is a 5% discount on Target purchases, which provides significant savings over time.
Additional perks, such as free shipping on many items and extended return periods, enhance its appeal. While the RedCard focuses on Target-specific rewards and lacks broader cash-back options, it’s an obvious choice for frequent Target customers looking for targeted benefits and enhanced shopping convenience.
