Target RedCard Review

What is a Target Red Card and how it works?

The Target Red Card is a store-branded card that can be used at Target stores and Target.com. The card is issued by Bank of America and offers shoppers 5% off in the form of an instant discount on every purchase made in stores or online (some restrictions apply). Additionally, the card does not have an annual fee or a complicated rewards program. 

What do you get with a Target Red Card?

Everyday RedCard Benefits:

You’ll get a 5% discount at Target every time you shop in-store or online. It applies to everything you can buy in the store, including items already marked down or on sale, and you can use it while applying other coupons to your purchase. You’ll receive free 2-day shipping on hundreds of thousands of items at Target.com. Also, Exclusive Extras including special items, gifts, and offers. Besides, you'll have an additional 30 days for returns and exchanges. You’ll receive a 10% off coupon on the anniversary day. Finally, use Wallet which offers easy and fast checkout in the Target app to save with Target Circle and pay with RedCard by scanning your phone at checkout in store. 

Everyday 5% discounts apply to:

• Starbucks: Starbucks discounts on in-store locations where you’ll get everyday 5% savings when you pay with your RedCard. 
• Target Subscriptions: Save 5% on everyday essentials delivered on your schedule when you subscribe, plus get everyday 5% savings when you pay with your RedCard. 
• Specialty gift cards: You’ll get everyday 5% savings on specialty gift cards for travel, restaurants, movie tickets, and more when you pay with your RedCard.
•  Top Deals: You’ll get 5% off on Target’s top deals of the week when you use your RedCard.
• Clearance: Save even 5% off more on clearance prices when you use your RedCard.
• Drive-up: Stay in your car and save 5% every day when you use your RedCard.
• Target Circle: Save 5-50% on hundreds of items in stores & get everyday 5% savings when you pay with your RedCard
• Same day delivery via Shipt: Save 5% on your same-day delivery order placed on Target.com when you use your RedCard.

Ways to pay your RedCard Credit Card Payment:

• Online: To pay online you must log in at Target.com/myRedCard.
• Phone: To pay via phone call 800-659-2396.
• In-Store: To pay in-store pay at Guest Service Counter.
• Mail: To pay your payment via mail send payment to the address on your billing statement.

Cons of Target RedCard:

The card comes with the variable interest rate of 25.15% APR (variable) which is very high and makes the 5% savings completely useless if you’re only paying the minimum. Also, the card has high-interest rates, high fees, low minimum payment requirements designed to encourage people to revolve balances, and low limits as the card can only be used at Target stores, late payment fees run up to $38 and returned payment fees run up to $27.

Target RedCard Mastercard

The Target RedCard Mastercard is Target’s more universal response to the Target RedCard credit card. You can use the Target RedCard Mastercard at any location that Mastercards are accepted around the world. Frequent travelers will also delight in the fact that this card does not come with a foreign transaction fee. This means that cardholders can travel abroad for their next vacation getaway without encountering annoying fees. So not only do cardholders save big on Target purchases, but they also save money on fees.

Conclusion:

The Target RedCard is a great option for those who shop a lot at Target stores as they will receive the benefits mentioned above. Also, the card comes up with no annual fees and the automatic 5% discount is an excellent way to save even more money when you do your regular shopping.

But, you must avoid the card if you’re not a normal Target shopper or struggle to manage your money and your credit.