Credit Cards » Credit Card Reviews » Target Red Card Review 2024 – Is It The Best Shopping Card?
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Target Red Card Review 2024 – Is It The Best Shopping Card?

The Target Red card is great for anybody who shops at Target or at Target.com, both loyal customers and occasional shoppers. The 5% discount on all purchases cannot be matched by even some of the best cashback credit cards available.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Target RedCard™ Credit Card

target red card

Rewards Plan

1% – 5% 5% off at Target and target.com, 2% on dining and gas purchases and 1% everywhere else outside of Target

Sign up Bonus

None None

Our Rating

3.9
3.9/5

0% Intro

None

Annual Fee

$0

APR

29.95% (Variable)

Target RedCard™ Credit Card

target red card

Rewards Plan

1% – 5% 5% off at Target and target.com, 2% on dining and gas purchases and 1% everywhere else outside of Target

Sign up Bonus

None None

Our Rating

3.9
3.9/5

PROS

CONS

APR

29.95% (Variable)

Annual Fee

$0

0% Intro

None

Credit Requirements

Avergae – Good

Target Red Card is a store credit card issued by the large retailer Target, one of the largest discount retailers in the US, with many different brick and mortar stores as well as a strong online presence.

The Target card has many perks and rewards for cardholders but the biggest is that customers get 5% off at Target and target.com, 2% on dining and gas purchases and 1% everywhere else outside of Target, no limits. Target Red card can be used online for purchases and when it is used, cardholders get 2 day free shipping.

The card doesn't have an annual fee, and can be great for average credit (around a 615 credit score) who want to use it to build or rebuild their credit. In addition, exclusive benefits include extended returns, special discounts, and occasional free items.

However, drawbacks include a high APR (29.95% (Variable), lack of introductory offers, and a modest welcome bonus of a one-time $40 discount. The 5% discount doesn't apply universally, excluding certain items like prescriptions and gift cards. Notably, the Target RedCard lacks a broader applicability seen in regular cash back cards.

How do I redeem Target RedCard rewards?

Once you accumulate at least $10 in savings, you can request an electronic or physical Target GiftCard online or by calling.

Are there fees for upgraded shipping with the Target RedCard?

Yes, fees apply for upgraded shipping, and free shipping doesn't cover same-day or grocery delivery orders through Shipt.

Does the 5% discount apply to all Target items?

The 5% discount has limitations; it doesn't apply to certain items like prescriptions, gift cards, and specific services.

Can the Target RedCard benefits be used outside of Target?

No, the benefits, including discounts and rewards, can only be used for purchases at Target and Target.com.

What are the exclusive extras offered with the Target RedCard?

Exclusive extras include an extended return window, special discounts, and occasional free items for cardholders.

Pros & Cons

Let’s look at the benefits and drawbacks of the Target Red card and see if it’s the right one for your wallet.

Pros
Cons
No Annual Fee
Rewards Only Usable at Target
High Cashback on Target
Discount Limitations
Exclusive Offers, Combined Discounts
No 0% Intro APR
Extended Returns
High APR
Free Delivery

You do not have to meet a spending threshold in order to offset an annual fee.

Cardholders of the Target Red card enjoy a 5% off at Target and target.com, 2% on dining and gas purchases and 1% everywhere else outside of Target.

Target Red cardholders get access to special offers ranging from increased discounts and early access to Black Friday deals to exclusive products and discounts on outside vendors like Hotels.com.

Also, the high cashback rate perk can be used with sales, coupons, and clearance items, give you the option to save even more on the discounted purchases. 

Cardholders get an extra 30 days for returns with the Target Red card. That means customers have up to 120 days to return items they do not like, need, or that were defective.

Target Red card can be used online for purchases and when it is used, cardholders get 2 day free shipping. 

Usually to get free shipping from Target customers need to purchase over $35 in merchandise. There are some restrictions so make sure to read item details before making an online purchase.

Unlike some store cards, there is no need to join a membership program to unlock the best discounts and perks, making it more accessible.

The benefits, including the 5% discount and gift card rewards, can only be utilized for purchases at Target and Target.com, limiting flexibility.

The 5% discount does not apply universally, excluding certain items like prescriptions, gift cards, and services such as eye exams or protection plans.

The Target Red card does not offer an introductory rate unlike many cards on the market. It you need or are looking for an introductory rate, you will have to look at other offerings.

The APR for the Target Red card is a 29.95% (Variable).

These rates are high but many can qualify with ok credit. Most store cards have very high APRs. 

How To Apply For Target Red Credit Card?

Visit the Target red card homepage.

Next, fill the “Identity Protection Guide,” which includes your names, primary phone, and email address.

On the next page, fill in your security information such as your date of birth, SSN, and your ID, then click “Continue.”

Next, fill in your address as well as your financial information.

Finally, review your application and submit it.

How It Compared To Other Store Cards?

The Target RedCard, in comparison to other store credit cards, offers a competitive suite of rewards and benefits but has its distinct advantages and limitations. Similar to Amazon, Walmart, it provides a straightforward 5% discount on eligible purchases, simplifying the rewards structure.

However, the exclusivity of benefits limited to Target and Target.com is a notable drawback. This contrasts with the broader applicability of some other store credit cards, like the Amazon Prime Visa, Walmart Credit Card, Costco Anywhere Visa, Macy's American Express, and Sam's Club Mastercard.

While the Target RedCard offers free two-day shipping and exclusive extras like extended returns, it lacks a compelling welcome bonus. For example, Prime Visa offers $100 Amazon gift card upon approval, Walmart card offers 5% cash back for the first 12 months when you use your card with Walmart Pay for in-store purchases, upon approval and Costco card offers None.

However, unlike other store cards, the Target card doesn't require a memebership. The Amazon card require a $139 membership fee, Sam's Club $45 and to get the Costco card you'll need to pay $60 to be a member.

Is the Target Red Card Right for You?

The Target Red card is great for anybody who shops at Target or at Target.com, both loyal customers and occasional shoppers. The 5% off at Target and target.com, 2% on dining and gas purchases and 1% everywhere else outside of Target cannot be matched by even some of the best cashback credit cards available. Shoppers do not have to wait months or build up points or amounts to use the high cashback. 

 Those who are loyal Target customers will find even more perks with free shipping and exclusive offers. Customers who may not have stellar credit may still be able to get a Target Red card and benefit from the perks. They can even use the card to help rebuild their credit history.

Customers will get the same perks as with the Red card but it will be connected to your checking account. However, with the debit card you will not be building your credit. If you do not shop at Target or shop very infrequently there, this may not be the card for you.

Compare The Alternatives

If you're looking for a store credit card – the Target Red card is definitely a good option, but there are some good alternatives:

Citi-costco-anywhere-visa-credit-card review

best buy credit card

Sam's Club® Mastercard®

Costco Anywhere Visa® Card by Citi
Best Buy Visa Card
Sam's Club® Mastercard®
Annual Fee
$0 ($60 Costco membership fee required)
$0
$0 ($50/$110 for Club/Plus membership – MUST)
Rewards
1-4% 4% cash back on on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter, 3% cash back on restaurants and most travel purchases, 2% cash back at Costco and Costco.com, 1% cash back on all other purchases
1-5% 5% back in rewards on shopping at BestBuy, 3% back in rewards on gas purchases, 2% back in rewards on dining, takeout and grocery purchases, 1% back in rewards on everyday purchases
1-5% 5% cash back on gas anywhere Mastercard is accepted (on the first $6,000 per year, then 1% after), 3% cash back on Sam’s Club purchases for Plus members, 3% on dining and takeout and 1% on all other purchases
Welcome bonus
None None
None 10% back in rewards on your first day of purchase
None $30 statement credit after making $30 in Sam’s Club purchases within the first 30 days
Foreign Transaction Fee
$0
N/A
N/A
Purchase APR
20.49% (Variable)
15.99% – 31.49% variable
20.40% or 28.40% Variable

Compare Target Red Card

While Target RedCard offers a less attractive cashback rewards ratio than Amazon, it still may be a better option for some. Let's compare.

Target Red Card vs. Prime Visa: How They Compare?

If you focus on groceries – the Target RedCard wins, but if you focus on travel or gas – you may want the Costco credit card.

Target Red Card vs. Costco Anywhere Visa Card: How They Compare?

If you do all your grocery and fuel shopping at either Target or Sam's Club, the cashback you get from both credit cards is pretty similar.

Sam’s Club Mastercard vs Target Red Card: How They Compare?

The target RedCard is our clear winner, with a higher cash-back rate and estimated annual value. Here's what you can get with each card.

JCPenney Credit Card vs Target Red Card: How They Compare?

The Target RedCard is our winner especially if you focus on groceries and dining, with much better cashback rates than Macy's Credit Card.

Target Red Card vs. Macy's Credit Card: What Store Card Offers The Highest Rewards?

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The product offers that appear on this site are from companies from which this website receives compensation.
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Welcome Bonus:
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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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Picture of Lorraine Smithills

Lorraine Smithills

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
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Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

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Annual Fee:
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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.