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Target REDCard Review

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Target REDcard™
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Target REDcard™
Editor’s Score: (3.5/5)
Learn more externa link icon At our partner’s secure site. See Rates & Fees, Terms Apply.
Target REDcard™
Editor’s Score: (3.5/5)
  • Intro offer:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    22.90% (Variable)
  • Recommended credit score:
    670-850 (Good to Excellent)

NextAdvisor’s Take

Pros
  • No annual fee
  • 5% discount on Target purchases
  • Free two-day shipping
  • Extended returns timeframe
Cons
  • High APR
  • No points-earning capabilities
  • No perks for non-Target purchases
The Bottom Line
The Target REDCard is a solid pick for Target aficionados. For no annual fee, it offers 5% off at Target in-store and online, free shipping, extended returns, and more. But this card is specifically designed for Target shoppers. If you prefer other big-box retailers, or make most of your purchases elsewhere, you may get more value from a more general rewards card.

Additional Card Details

  • No annual fee
  • 5% discount on Target purchases and at in-store Target Starbucks locations
  • Access to “exclusive extras” benefit, offers that may be targeted based on your purchase history or location
  • Free two-day shipping
  • Extra days for returns
  • 22.90% variable APR
  • No foreign transaction fees

Target REDCard Full Review

Card Type

The Target REDCard is a retail rewards card that lets Target shoppers earn on everyday purchases.

Annual Fee

There is a $0 annual fee.

Welcome Offer

The Target REDCard has no current welcome offer.

Rewards

Earn 5% off in-store and online Target purchases, including purchases at in-store Target Starbucks locations. 

Fees 

There’s a regular variable APR of 22.90%. If you pay late, you may pay a late fee up to $40 and is your payment is returned, you may incur a fee up to $29.

How to Use the Target REDCard 

When you apply, also make sure to check which version of this card you’re approved for. Target (and TD Bank, which issues the card) offers both a Target Credit Card, which is similar to a traditional closed-loop retail card, and a Target Mastercard, which may be used at other stores or wherever Mastercard is accepted. This card’s terms also state that the Mastercard version may not be available to new applicants, so it’s possible to be approved for the retail card and later upgrade to the Mastercard.

If you open a Target REDCard credit card, we strongly recommend only using it on Target purchases. As mentioned, it offers 5% off Target purchases, free, two-day shipping and extended returns on eligible Target purchases. You’ll want to use it on all eligible Target purchases to save money and get fast and free shipping. 

For all other purchases, there are plenty of no-annual-fee options that will earn you either cash back or points for future travel to help you maximize your purchases. Examples of these include the Amex EveryDay® Credit Card* and the Chase Freedom Unlimited®.

In the same vein, if you more regularly shop at Amazon or other large retailers such as Walmart instead of Target, this card likely isn’t as good for you as other general cash back cards or even other store-affiliated cards.

The card does not charge foreign transaction fees, which is a solid perk if you’re planning on traveling abroad when it’s safe to do so again.

Target REDCard Credit Card Compared to Other Cards

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Target REDcard™

Target REDcard™

Editor’s Score: (3.5/5)
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Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

Editor’s Score: (3.8/5)
  • Intro offer:
    $150 Amazon Gift Card
  • Annual fee:
    $0
  • Regular APR:
    14.99% to 22.99% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site See Rates & Fees, Terms Apply.
Learn More externa link icon
Capital One Walmart Rewards® Mastercard®

Capital One Walmart Rewards® Mastercard®

Editor’s Score: (N/A)
  • Intro offer:
    5%
  • Annual fee:
    $0
  • Regular APR:
    17.99% – 26.99% (Variable)
  • Recommended credit:
    580-740 (Fair to Good)
  • Learn more externa link icon At our partner’s secure site

*All information about the Target REDCard, Amex EveryDay Credit Card, Amazon Prime Rewards Visa Signature Card, and Capital One Walmart Rewards Mastercard has been collected independently by NextAdvisor and has not been reviewed by the issuer.

Is Target REDCard Right for You?

The Target REDCard is a solid pick if you shop at Target frequently. Since there’s no annual fee and you’ll get 5% off your purchases, it’s an easy way to save money on all your Target purchases. Note, however, that prescriptions, over-the-counter items, clinic services, eye exams, eye protection plans, gift cards and prepaid cards, among a handful of additional purchases, do not qualify for 5% cash back.

This card could be a good pick as the coronavirus pandemic continues to keep us home, as well. The free two-day shipping can come in handy as people continue to minimize trips to the store. You’ll also receive an additional 30 days beyond the standard return policy to return unwanted goods.

Since the card has a relatively high APR — 22.90% variable — it’s especially important to pay your balance in full and on time to avoid interest charges. It also does not offer an introductory period with 0% APR. If you find yourself carrying a balance often or even from time to time — something we strongly advise against, if possible —  the Target REDCard is not going to be the best option for you.

EDITORIAL INDEPENDENCE

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

Frequently Asked Questions

Does the Target REDCard have an annual fee?

No, the Target REDCard does not have an annual fee.

What credit score do I need to get the Target REDCard?

You’ll need good to excellent credit, ranging from 670-850, to be approved for the card.