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 22.9%
• 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

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 22.9%.

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.

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.