About
The Target RedCard™ is a credit card offered by Target, a retail store chain. The card offers several benefits to customers who shop frequently at Target, including a 5% discount on most purchases made in-store or on Target.com, free standard shipping on most Target.com orders, and an additional 30 days for returns and exchanges beyond the standard return policy. There is no annual fee for the Target RedCard.
The Target RedCard can be used only at Target stores and on Target.com, and it is issued by TD Bank USA, N.A. The credit limit for the Target RedCard varies depending on your creditworthiness and income, and the interest rate is a variable rate that can change over time. The current APR for purchases is around 22.90%.
To apply for a Target RedCard, you will need to provide information such as your name, address, Social Security number, and employment information. You can apply for a Target RedCard in-store or online, and the application process is generally quick and easy. If you are approved for the card, you can start using it right away to take advantage of the benefits that it offers.
Features
-
Discounts. The Target RedCard™ offers a 5% discount on most purchases made in-store or on Target.com.
-
Free Shipping. Cardholders can enjoy free standard shipping on most Target.com orders.
-
Extended Returns. The Target RedCard™ offers an additional 30 days for returns and exchanges beyond the standard return policy.
-
No Annual Fee. There is no annual fee for the Target RedCard.
-
Credit Limit. The credit limit for the Target RedCard™ varies depending on your creditworthiness and income.
-
Interest Rates. The Target RedCard™ has a variable interest rate that can change over time. The annual percentage rate (APR) for purchases is currently around 22.90%.
-
Late Payment Fees. If you do not make your minimum payment by the due date, you may be charged a late payment fee of up to $40.
Benefits
The Target RedCard offers several benefits to its users. Here are some of the key benefits:
-
5% discount. Cardholders receive a 5% discount on most purchases made in-store or on Target.com. This can add up to significant savings, especially for frequent shoppers.
-
Free Shipping. Cardholders can enjoy free standard shipping on most Target.com orders. This can save money on shipping costs, especially for online purchases.
-
Extended Returns. The Target RedCard offers an additional 30 days for returns and exchanges beyond the standard return policy. This gives cardholders more time to decide whether to keep an item or return it, which can be especially helpful during busy or stressful times.
-
No Annual Fee. There is no annual fee for the Target RedCard, which means that users can take advantage of the benefits without paying extra fees.
-
Early Access to Sales. Target RedCard holders get early access to select sales and promotions, which can mean getting first pick of popular items.
-
Exclusive Offers. Cardholders receive exclusive offers and discounts throughout the year, which can add up to additional savings.
Overall, the Target RedCard offers a range of benefits that can be especially helpful for frequent Target shoppers. The 5% discount, free shipping, and extended returns can be particularly valuable, while the lack of an annual fee and other benefits make this card a good option for many people.
How to apply for RedCard™?
You can apply for the Target RedCard in two ways: online or in-store. Here are the steps to follow to apply for the RedCard:
-
Online Application. To apply online, visit the Target RedCard website and click on the "Apply Now" button. You will need to provide personal information such as your name, address, Social Security number, and employment information. You will also need to agree to the terms and conditions of the card. Once you have submitted your application, you should receive a response within a few minutes. If you are approved, you can start using your card right away.
-
In-store Application. You can also apply for the Target RedCard in-store by visiting the Guest Services counter at your local Target store. You will need to provide personal information and agree to the terms and conditions of the card. The application process is quick and easy, and if you are approved, you can start using your card right away.
Keep in mind that approval for the Target RedCard is based on your creditworthiness, income, and other factors, so not everyone who applies will be approved. If you are approved, you will receive your RedCard in the mail within 7-10 business days. Once you receive your card, you can activate it and start using it to take advantage of the benefits it offers.
Rates and Fees
The Target RedCard offers a range of benefits without charging an annual fee. However, it's important to understand the other rates and fees associated with the card:
-
Annual Percentage Rate (APR). The APR for the Target RedCard is a variable rate of 22.90%. This is a relatively high interest rate, so it's important to pay off your balance in full each month to avoid accruing interest charges.
-
Late Payment Fee. If you make a late payment, you will be charged a fee of up to $40.
-
Returned Payment Fee. If a payment is returned due to insufficient funds, you will be charged a fee of up to $40.
-
Foreign Transaction Fee. If you use your Target RedCard outside of the United States, you will be charged a foreign transaction fee of 3% of the purchase amount.
It's important to note that if you pay off your balance in full each month and avoid making late payments or returned payments, you can avoid most of these fees. The 5% discount, free shipping, and other benefits offered by the Target RedCard can be a good value for frequent Target shoppers, as long as you are able to use the card responsibly and avoid paying unnecessary fees.
Pros and Cons
Pros
-
5% discount. You can receive a 5% discount on all purchases made at Target with your RedCard, which can add up to significant savings over time.
-
Free shipping. You can get free standard shipping on most items purchased at Target.com with your RedCard.
-
Extended returns. You can receive an additional 30 days to make returns on purchases made with your RedCard.
-
No annual fee. There is no annual fee for the Target RedCard.
-
Exclusive offers. Cardholders may receive exclusive discounts and offers throughout the year.
Cons
-
High APR. The Target RedCard has a relatively high APR of 22.90%, so if you carry a balance, you could end up paying a significant amount in interest charges.
-
Limited rewards. The Target RedCard only offers rewards for purchases made at Target, so it may not be the best card for those who shop elsewhere more frequently.
-
Limited acceptance. The Target RedCard is only accepted at Target stores and on Target.com, so it may not be as widely accepted as other credit cards.
-
Late fees. If you make a late payment or have a payment returned, you can be charged a fee of up to $40, which can add up quickly if you're not careful.
-
No sign-up bonus. Unlike many other credit cards, the Target RedCard does not offer a sign-up bonus or introductory rewards.
Overall, the Target RedCard can be a good choice for frequent Target shoppers who are able to use the card responsibly and pay off their balance in full each month. However, if you're looking for a card with more versatile rewards or a lower APR, you may want to consider other options.
Requirements
To apply for a Target RedCard, you must meet the following requirements:
-
Be at least 18 years old
-
Have a U.S. mailing address
-
Have a Social Security number or Individual Taxpayer Identification Number (ITIN)
In addition, you'll need to provide some basic personal and financial information when you apply, including your name, address, income, and employment status. Target may also check your credit score as part of the application process, so it's important to have a good credit history if you want to be approved for the card. If you don't have a good credit score, you may be approved for a Target RedCard with a lower credit limit or a higher APR.
Issue and Repayment
If you have an issue with your Target RedCard or need to make a repayment, you can do so in a number of ways:
-
Online. You can log in to your Target RedCard account on the Target website or through the Target app to make payments, view your account balance, and manage your account settings.
-
By phone. You can make a payment or get account information by calling the Target RedCard customer service number at 1-800-424-6888.
-
By mail. You can mail your payment to the address listed on your billing statement.
If you miss a payment or make a late payment, you may be charged a late fee of up to $40. If you continue to miss payments, your account may be sent to collections, which can have a negative impact on your credit score. To avoid these issues, it's important to make payments on time and in full each month. If you're having trouble making payments, you may want to contact the Target RedCard customer service team to discuss your options.
How to lock for missing or stolen cards?
If your Target RedCard is lost or stolen, you should take immediate action to prevent any unauthorized use of your account. To do this, you can lock your card by following these steps:
-
Log in to your Target RedCard account on the Target website or through the Target app.
-
Click on the "Account Management" or "Profile" section of the website or app.
-
Select "Report Lost/Stolen Card" and follow the prompts to lock your card.
Alternatively, you can contact the Target RedCard customer service team at 1-800-424-6888 to report your card as lost or stolen. They can assist you with locking your account and issuing a new card.
It's important to act quickly if your card is lost or stolen to prevent any unauthorized charges from being made on your account. Once you've locked your card, monitor your account carefully for any suspicious activity and report any unauthorized charges to Target immediately.
FAQ
How to Manage Target RedCard™?
You can manage your Target RedCard™ in a variety of ways, including:
- Online account management. Once you have a Target RedCard™, you can create an online account to manage your account, view your transactions, pay your bills, and more. To set up an online account, go to the Target RedCard™ website and click on "Manage My RedCard" to get started.
- Mobile app. Target also offers a mobile app that you can download to your smartphone or tablet. The app allows you to manage your RedCard™ account on the go, view your transactions, make payments, and more.
- Customer service. If you have questions about your RedCard™ account, you can contact Target customer service by phone, email, or chat. You can find the contact information on the Target website.
- Alerts. You can sign up for alerts to stay on top of your account activity. Target offers email and text alerts that can notify you when your payment is due, when a payment has been received, when a transaction has been made, and more.
- AutoPay. You can set up AutoPay to have your Target RedCard™ payment automatically deducted from your bank account each month. This can help ensure that you never miss a payment and that your account stays up to date.
Overall, there are several ways to manage your Target RedCard™, so you can choose the method that works best for you.
What is a RedCard™ Reloadable Account?
The Target RedCard Reloadable Prepaid Card is a type of prepaid debit card that can be used to make purchases anywhere that accepts Mastercard. This card is different from the regular Target RedCard credit card, which is a credit card that can only be used at Target and on the Target website.
With a Target RedCard Reloadable Prepaid Card, you can load funds onto the card and use it to make purchases without the need for a traditional checking account or credit check. You can also use the card to withdraw cash at ATMs or to make online bill payments.
The Target RedCard Reloadable Prepaid Card has several benefits, including no credit check, no overdraft fees, and no minimum balance requirements. However, there are some fees associated with the card, such as a monthly maintenance fee and fees for certain transactions like ATM withdrawals.
Overall, the Target RedCard Reloadable Prepaid Card can be a good option for people who don't have a traditional checking account or who want a prepaid debit card that offers some additional benefits like discounts at Target and free online bill pay.
Is Target RedCard™ Debit Card or Credit card?
Target RedCard is available as both a debit card and a credit card, so you can choose the type of card that best fits your needs. The Target RedCard Debit Card is linked to your existing checking account and can be used to make purchases at Target and other retailers, as well as to withdraw cash at ATMs. The Target RedCard Credit Card is a traditional credit card that can only be used at Target and on the Target website. Both types of RedCard offer benefits such as 5% off on Target purchases, free shipping, and extended returns. However, it's important to note that the credit card charges interest on any unpaid balances, while the debit card does not.
Is Target RedCard™ free?
Yes, Target RedCard is free to sign up for and use. There are no annual fees or transaction fees associated with the card, and you can use it to make purchases at Target and on the Target website without any additional costs. However, it's important to note that if you choose to use the Target RedCard Credit Card, you will be subject to interest charges on any unpaid balances, so it's important to pay off your balance in full each month to avoid interest charges.
Is Target RedCard™ hard to get approved?
Getting approved for a Target RedCard can depend on a variety of factors, such as your credit score, income, and other financial details. If you have a good credit score and a stable income, you may have a better chance of being approved for the card. However, if you have a lower credit score or a less stable financial situation, you may have a harder time getting approved.
The Target RedCard Credit Card is typically easier to get approved for than other credit cards, as it is designed for people with a wide range of credit histories. However, if you have very poor credit, you may not be approved for the card.
The Target RedCard Debit Card, on the other hand, is linked to your checking account, so there is no credit check involved. As long as you have a checking account in good standing, you should be able to get approved for the debit card.