If you’re on the fence about getting a Target Red Card, this may convince you to finally bite the bullet and sign up!
Target is offering a HOT coupon valid for $40 off $40+ purchase when you apply for Target Redcard credit or debit – you can do this easily online!
Sign up by December 26th, once approved and you’ll receive a $40 off $40+ purchase coupon via mail with your new Red Card credit card or debit card. The coupon will be valid through January 31st, 2021.
Target Red Card Sign Up Bonus
There are 2 kinds of Target RedCard: debit card and credit card.
Both have the same benefits and I think it just boils down to your current budgeting strategy and/or personal preference.
You can manage either type of accounts via the Target website.
Target Debit Card
If you sign up for a Target Red Card debit card, you’ll need to link your bank account with it.
There’ll be no interest; it works exactly like a debit card. Depending on your bank, it’ll take 1-2 days for the funds to get deducted from your account.
Target Credit Card
If you sign up for a Target Red Card credit card, you’ll need to be approved. It’s exactly like signing up for a credit card.
You can work around the interest fees by paying off your balance before your billing cycle ends.
It also maximizes the 5% off discount you get for every purchase if you don’t pay any interest.
7 Target Red Card Benefits
- 5% off every day in-store and online (this is especially awesome combined with coupons, cartwheel discounts, weekly sales, and gift card deals), this includes Starbucks located in Target stores!
- Free shipping at Target.com and free 2-day shipping on eligible items.
- Get 30 extra days for returns
- Early access to select products and promos like early access to Black Friday deals!
- Up to $40 cashback at checkout with Target Debit Card
- Exclusive REDcard member discounts and coupons – access exclusive coupons online via Manage My REDcard or coupons are sent with the monthly statement
- No annual fee.
Target Red Card Sign Up Bonus Fine Print
Below is taken directly from the Target website. Please read it carefully.
RedCard $40 offer: Get a coupon for $40 off a $40+ qualifying purchase when you are approved for a debit or credit RedCard in-stores and at Target.com between 11/1/20-12/26/20. The coupon will be mailed to approved cardholders with their RedCard and will be valid through 1/31/21. Excludes items sold & shipped by Target Plus™ Partners, Excludes alcohol, Apple products, Baby Alive Grow Up Baby, Barbie Dreamhouse & Camper, Bose, Cards Against Humanity, Casper, The Child action figure, CVS clinic & pharmacy, Cricut, dairy milk, DockATot, Disney Frozen Castle, DSLR cameras & lenses, Elf on the Shelf, Elvie, Fitbit, gift cards, Google, HALO Baby, Hasbro Games (Classic Monopoly, Connect Four, Jenga, Rubik’s Cube, Sorry, Trouble), Hot Wheels Ultimate Garage, HP, Imaginext Batcave, Infant Optics, JBL, LEGO, Levi’s Red Label, LG OLED TV, limited-time designer partnerships, Little People Rampway, L.O.L. House & Collector, Mega Bloks, mobile contracts, Motrin pain relief, Nerf Ultra, Nintendo hardware and Switch games, Polder, Poo-Pourri, Peg Perego, Philips Avent, power shave, power dental, Harry’s and Flamingo, prepaid cards, PS4 hardware, Samsung TVs, simplehuman, Sonos, Sony Electronics, Target Optical, Traeger, Tylenol pain relief, Weber, What Do You Meme?, and Xbox One hardware
At the end of the day, it’s best to weigh the benefits and whether having this card will actually help you. Otherwise, don’t sign up at all.
I personally have the Target RedCard credit card; it works for me and my personal preference. I just pay off the balance right away.
You can read about what made me sign up for a Target RedCard if you’re interested.
I think that $40 off is a significant chunk of change you can save during the holiday season.
I hope this helps.