Target Red Card

8.1 Total Score
4 reviews
WalletStars

Our rating is based on a combination of expert staff and user ratings.

8.1Expert Score
Support
7.5
Affordability
7
Benefits
8.5
Application Process
9.5
8.2User's score
Support
7.3
Affordability
8.3
Benefits
7.5
Application Process
9.8
PROS
  • 5% discount on most Target purchases
  • Free shipping
  • No annual fee
  • Added savings with Cartwheel app and Target Subscriptions
CONS
  • Discount only applies to Target purchases
  • High-interest rate
  • No sign-up bonus
Add your review
Average Score 8.1
PROS:
  • 5% discount on most Target purchases
  • Free shipping
  • No annual fee
  • Added savings with Cartwheel app and Target Subscriptions
CONS:
  • Discount only applies to Target purchases
  • High-interest rate
  • No sign-up bonus

Introduction

Intro APR N/A
Annual Fee $0 
APR Range 25.15%

About the Target Red Credit Card
This credit card is meant for frequent Target shoppers who are looking to save on their purchases. It has a 5% discount that applies to the majority of Target purchases — keep in mind that the benefits for this credit card apply to Target purchases only.

Benefits
The 5% discount at Target stores and Target.com will help frequent Target shoppers to save a considerable amount of money. The discount is available directly at checkout and also applies to every in-store Starbucks. You can stack your 5% REDcard savings with the Cartwheel app and Target Subscriptions savings. Another benefit is free shipping on most Target purchases. With the REDcard, you also get 30 extra days for returns. There is no annual fee.

Drawbacks
The REDcard only applies to Target purchases, so this card is only for you if you are a frequent Target shopper. The REDcard also charges a hefty interest rate of 25.15% variable APR for purchases, so if you are likely to overspend, this card is not a good fit for you. There’s also no sign-up bonus.

How to Get the Target Red Credit Card
You must be at least 18 years old and have a U.S. address to apply. In order to apply, you will need your social security number and one of the following: driver’s license, state ID, or military ID. By applying for the Target Credit Card, you are providing your contact information to TD Bank USA, N.A. and Target Corporation for their use, including marketing.

About Target
Target Corporation is the 8th-largest retailer in the United States. As of February 3, 2018, Target operates 1,822 stores throughout the United States. The company is ranked 39th on the 2018 Fortune 500 list of the largest United States corporations by total revenue. Their retail formats include the discount store Target, SuperTarget, and “flexible format” stores formerly named CityTarget and TargetExpress before being consolidated under the Target branding.


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