Target REDcard™ Credit Card Review

Target REDcard™ from TD Bank — all information about the credit card.

By Hanna Volkava
Updated October 20, 2023

Good Choose for Groceries

Target REDcard™ TD Bank
Apply now
Our Rating:
2.38 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 5% Cash Back on purchases at Target and Target.com.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $0
  • Purchase Intro APR:
    None
  • Regular APR:
    28.15% Variable
  • Balance Transfer APR:
    None
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TD Bank Target REDcard™ Rewards Calculator

How do you record your expenses?
Enter your monthly spendings on:
5%
Target purchases
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All benefits

  • Cash back
    • 5% On purchases at Target and Target.com.

Rate and fee information

  • Purchase Intro APR
    • None
  • Purchase APR
    • 28.15% Variable
  • Intro Balance Transfer APR
    • None
  • Balance Transfers APR
    • None
  • APR for Cash Advances
    • 31.15% Variable
  • How to Avoid Paying Interest
    • Your due date is at least 25 days after the close of each billing cycle. You will no be charged interest on purchases if you pay your entire balance by the due date each month.

Fees

  • Annual Fee
    • $0
  • Fees for Cash Advances
    • Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Return Payment
    • Up to $30
  • Late Payment
    • Up to $41
View all Rates & Fees

Pros & Cons

Pros:
  • High discount on Purchase of eligible items
  • Two-day free shipping on selected items
  • Extended time for returns and exchanges
  • 5% discount at several other places
Cons:
  • Limited acceptance
  • High APR
  • Certain products are excluded from discount
  • High Penalty Fees

Features

Classic
Mastercard
  • No Annual Fee
  • No foreign transaction fees
  • Payment Flexibility
  • Rewards
  • Purchase Protection
  • Good Credit
  • Excellent Credit

About the issuer

TD Bank has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your

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Target RedCard MasterCard® Credit Card Review

Let’s discuss the pros and cons of Target RedCard MasterCard® Credit Card, which offers a 5% discount on most purchases from Target stores, Target.com, and Target Starbucks.

Target RedCard MasterCard® Credit Card focuses on rewarding cardholders by offering discounts on purchases from Target stores, Target.com, and offering other coupons and gift vouchers. The Target RedCard MasterCard® Credit Card can be used everywhere MasterCard is accepted in contrast to regular Target RedCard, which can only be used at Target. Usually, Target RedCard MasterCard® is offered automatically to frequent Target customers as an upgrade to Target RedCard. This indicates relatively high credit score requirements for Target RedCard MasterCard®. The card doesn’t provide any introductory offers and has a high APR of 28.15%. Late payment and returned payment fees are up to $40 and up to $29, respectively.

Target RedCard MasterCard®: Pros and cons

Pros: Cons:
Discount on Purchases from Target. Target RedCard MasterCard® Credit Card offers a 5% discount on most purchases from Target Stores and Target.com. A 5% discount is also applied to purchases from Starbucks cafes located inside the Target stores and gift card purchases at Target. High APR. The Target RedCard MasterCard® Credit Card charges a variable APR of 28.15%. There is no intro APR.
Free 2-day Shipping from Target.com. For most purchases from Target.com, you can get free 2-day shipping on thousands of items. However, item eligibility depends on your ZIP code and the location of the product. No Cash Advance. The Target RedCard MasterCard® Credit Card does not offer a cash advance to its users.
No Annual Fee. There is no annual fee for Target RedCard MasterCard® Credit Card. No Direct Application. Only Target RedCard cardholders are eligible to get Target RedCard MasterCard® Credit Card. Frequent Target shoppers, who make timely payments, are offered this credit card as a reward.
Annual 10% Discount Coupon. The Target RedCard MasterCard® offers cardholders a 10% discount coupon every year on the card’s anniversary. Not all products get a discount. Some of the products in Target stores and target.com are excluded from the 5% discount. These items include OTC and prescription drugs in Target Pharmacy, Target Optical eye exams and protection plans, Target gift cards, gift wrapping services.
MasterCard® brings greater acceptability. Unlike regular Target RedCard, the Target RedCard MasterCard® can be used everywhere MasterCard® is accepted. No rewards for non-Target purchases. You won’t get any cash back or discounts for purchases made outside Target.
No Foregn Transaction Fee. Although the card doesn’t provide any incentive to pay outside Target stores, the absence of foreign transaction fee can be useful in some circumstances.

Target RedCard MasterCard® Credit Card: rewards system

Target RedCard MasterCard doesn't offer traditional cashback rewards. Instead it offers a flat 5% discount on most purchases from Target stores, Target.com and Target Starbucks. In addition, it offers an annual 10% coupon on card anniversary, and don’t forget about a 5% discount on gift cards purchases at Target. Basically, you can do purchases at your favorite merchants with a 5% discount by buying their gift cards with the Target RedCard MasterCard® at Target stores.

Who can benefit from getting the Target RedCard MasterCard® Credit Card?

The individuals who regularly shop at Target stores, Target.com and Starbucks can benefit from this card by utilizing a discount of 5% on a regular basis. MasterCard® brings greater acceptance with it

Are there any other benefits of the Target RedCard MasterCard® Credit Card?

Target RedCard MasterCard® offers other benefits such as:

  • Additional return period

Target RedCard MasterCard® Credit Card offers additional 30 days returns and exchanges.

  • MasterCard® benefits

MasterCard® offers multiple other benefits like ID Theft Protection programs, Global Services (e.g. emergency card replacement) and airport concierge.

Conclusion

Wirth a 5% discount on most Target purchases and no annual fee the Target RedCard MasterCard® is a highly rewarding card for individuals who want a single solution for their regular shopping from Target stores and Target.com. However, there is no benefit of using this card at places other than Target. There isn’t any clearly defined application method or application criteria for the Target RedCard MasterCard® Credit Card. Only Target RedCard Credit Card cardholders who shop regularly at Target are eligible to receive this card as an upgrade.

FAQ

What is the customer service phone number for Target RedCard MasterCard® Credit Card?

The customer service phone number is 1-800-440-0680.

How to check my application status for Target RedCard MasterCard® Credit Card?

The application status for Target RedCard MasterCard® Credit Card can be checked by calling 1-800-424-6888. Alternatively, as the applicants for Target RedCard MasterCard® Credit Card are existing customers, they can check the status with customer service phone number as well.
Hanna VolkavaHanna Volkava

Financial and product expert

hv@myfin.us
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