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Target REDcard

in Personal Credit Cards from TD Bank

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Target REDcard

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in Personal Credit Cards from TD Bank

Net Recommendation Score +33% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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2 users recommend
0 users are unsure
1 user doesn't recommend
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Community Rating

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Balance Transfer APR  (Variable APR) N/A
Credit Score Range 640 - 750
Annual Fee $0
Purchase APR  (Variable APR) 24.4%

Target REDcard Review

Target REDcard is a store cashback credit card issued by TD Bank. If you're wondering whether Target REDcard is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

  • Generous reward rate. You will get a cashback rewards rate of up to 5%.
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 24.4%
  • No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
  • Fair or better credit required. You stand a chance of qualifying if your credit score is not below 640.

Target REDcard Pros and Cons:

The Good The Bad
  • Free 2-day shipping
  • An additional 30 days for returns and exchanges.
  • No annual fee.
  • Cardholders can earn rewards on their purchases.
  • Target REDcard reports to multiple credit bureaus.
  • Cardholders can earn rewards on their purchases.
  • Higher than average purchase APRs.
  • Does not offer a signup bonus.
  • You don't earn rewards on every purchase.
  • Does not include many credit card rewards.

Is there a Target REDcard cash back or rewards program?

Target REDcard is a cashback card. This means you earn a percentage of your purchase as a cash reward. This card features rewards for purchases in the following categories:

Target REDcard Rewards
Rewards rate (all purchases) N/A
Max rewards rate 5%
Annual rewards limit N/A
Signup Bonus ($) N/A

Does Target REDcard have a signup bonus?

Target REDcard doesn't offer a cash signup bonus.

Does Target REDcard offer an annual loyalty bonus?

Target REDcard doesn't offer a cash loyalty bonus.

What are the relevant APRs for Target REDcard?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Target REDcard has higher than average purchase APRs.

Target REDcard has a variable purchase APR of 24.4%.

Does Target REDcard have an introductory APR offer on balance transfers?

No, Target REDcard does not come with an introductory APR offer for balance transfers.

Does Target REDcard have an introductory APR offer on new purchases?

Target REDcard does not offer an introductory rate on new purchases.
Target REDcard Purchase Intro Offer
Description
Introductory Rate N/A
Purchase Intro APR Period (months) N/A

What are the fees for Target REDcard?

The following fees apply to Target REDcard:

Target REDcard Fees
Fees Amount
Annual Fee $0
Returned Payment Fee up to $29
Late Payment Fee up to $40

Does Target REDcard report your account activity to credit bureaus?

Target REDcard reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Target REDcard

  • Visit the Target REDcard website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Eligible In-Store Purchases 5%
Every Purchase (Points) 5% off Target purchases
No Annual Fee  
Annual Fee $0
No Interest Grace Period for Late Payment 25 days
Minimum Interest Charge $1
Returned Payment Fee Up to $29
Late Fee Amount Up to $40
Customer Type Personal
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 640 - 750
Card Type
  • Cashback
  • Rewards
  • Store Card
Card Network Other
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Bonus Rewards Get $25 off a future qualifying purchase over $25 when approved for a RedCard.
Rewards Categories Target Purchases
Rewards Type Cash Back
Balance Computation daily balance.
Purchase APR (Variable APR) 24.4%

Target REDcard Community Reviews

 

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