Target REDCard Review

  • 3 min read

Target was founded in 1902 by George Dayton and in the decades since has grown to become the second-largest department store in the U.S. The first Target store bearing the current name opened in 1962 in Minnesota, and the retailer now operates over 1800 stores throughout the United States. This includes stores formally branded under the “SuperTarget”, “CityTarget”, and “TargetExpress” names.

Target Products

Target stores carry a selection of groceries and department store fare, including clothing, shoes, auto accessories, electronics, and sporting goods. Many locations feature in-store services such as Target Optical, Target Pharmacy, and Target Photo. Most locations have also incorporated a Starbucks Coffee within their retail space.

Benefits of the Target REDCard

The Target Credit Card offers great perks to cardholders who love shopping at Target’s many locations. When using the card, you can get up to 5% off of many Target purchases, as well as free shipping from their website on most items.

The Target REDCard is a store credit card, so it can only be used at Target locations and on their website to purchase this retailer’s merchandise. However, regular Target shoppers will appreciate the ability to charge their purchases on a revolving line of credit while taking advantage of all the extra benefits.

Target offers their own Credit Card to consumers in the US, which has three key components that we will explore – the reward incentive, the annual fee and the interest rate. 

The instant 5% reduction noted above, applies on this card but only to purchases in US Target stores and online at Target.com

All purchases made at Target online will qualify for free shipping on top of the 5% discount. All Target purchases on the card enjoy an additional 30 day period in which to make a return.

The “Take Charge of Education” feature allows card holders to nominate a school and Target will donate an amount equal to 1% of the Target purchases on the card each year. There is no annual fee associated with either card.  However, there are a number of potential fees payable, including a late payment fee of up to $35 and a returned payment fee of up to $25.

The interest rate on the card is currently 22.90%; however, this rate may change depending on changes in the Prime Rate, consistent with the market.

How to Sign Up For a Target RED Card

Signing up for the Target Store Card is as easy as filling out an online application. The process is quick and hassle-free, and approval usually takes a few minutes.

View more information about the Target Red Card.

Target RED Card for Canadians

Target previously offered Canadian consumers a Target Mastercard which was co-branded with RBC. When Target left Canada, the card was no longer offered by Target for Canadians.

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Christopher - BSc, MBA

With over two decades of combined Big 5 Banking and Agency experience, Christopher launched Underbanked® to cut through the noise and complexity of financial information. Christopher has an MBA degree from McMaster University and BSc. from Western University in Canada.