Target REDcard

Target REDcard

in Personal Credit Cards from TD Bank


Target REDcard


in Personal Credit Cards from TD Bank

SuperMoney Net Recommendation Score +44%



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.

Mostly recommended

6 users recommend
1 user is unsure
2 users don't recommend
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Community Rating Mostly recommended
Purchase APR  (Variable APR) 22.9%
Balance Transfer APR  (Variable APR) N/A
Credit Score Range 640 - 750
Annual Fee $0
Number of Reviews 9

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 cashback card. It gives you cashback 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 & 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.
  • Higher than average purchase APRs.
  • Does not offer a signup bonus.
  • Does not include many credit card benefits.
Target REDcard FAQ

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.

Target REDcard Rewards
Rewards rate (all purchases) N/A
Max rewards rate 5x
Annual rewards limit 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 22.9%.

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

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?

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

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Our Editor

What we love about Target REDcard

The Target REDcard offers 5% cash back on purchases that you make in Target stores and online, making it one of the highest earning cards for those types of purchases. You also qualify for other perks when you shop at Target, such as free shipping on most items, extended returns, promotions, a 10% coupon each year, and coupons available only to REDcard members. The card also doesn’t charge an annual fee.

What could Target REDcard do better?

The Target REDcard is a store credit card. That means that you can only use it at Target and Target’s website. If you don’t like to have single-use credit cards and would prefer to have one that you can use at multiple stores, you’ll want to choose a different card. You also can’t use the card for certain types of purchases, such as Target Optical eye exams, Stockpile and Gift of College gift cards, and prescriptions.

The card can also have a high interest rate. If you wind up carrying a balance, you could pay a lot in interest compared to some other credit cards.

Target REDcard‘s backstory

Target, founded in 1902 as Goodfellow Dry Foods, is one of the largest retailers in the United States. Target offers a REDcard debit card and a REDcard credit card to help customers pay for their purchases and earn rewards while doing so.

The Verdict

 If you do a lot of your shopping at Target, especially if your Target sells groceries, 5% cash back is one of the best rewards rates you’ll see, making the REDcard a great choice. If you don’t shop at Target frequently or tend to carry a balance on your card, the REDcard won’t earn you much cash back and can result in expensive interest charges.


  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
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
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
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Rewards Categories
  • 5% Cash Back on Target Purchases
Balance Computation daily balance.
Purchase APR (Variable APR) 22.9%
Card Type
  • Rewards
  • Cashback
  • Store Card
Card Network Other

Target REDcard Community Reviews


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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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