Target Credit Card Review (2019)

Target REDcard

Store Credit Card

Ray FitzGerald
By: Ray FitzGerald
Posted: November 14, 2017
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

That red and white Target logo is well known throughout America, where millions of customers shop each year for bargains. Most don't realize that the company's history stretches back more than 100 years, to when it started as the Dayton Dry Goods Company in 1902. Inspired by the harsh winters in its main base of Minneapolis, Dayton blazed a retail trail in 1956 with a two-story indoor shopping center that became the world's first fully enclosed mall.

While the modern company has a new name, Target remained on the cutting edge of style and bargains, offering exclusive items for the home and deals you won't find at any other retailer. And its company-branded REDcard credit card grants cardholders 5% off of most purchases made in-store or online. However, if you're thinking of applying for the card, be prepared to pay your balances in full each month to avoid the large APR.

Target Card Overall Rating: 4.1/5.0

If you're a regular Target shopper, you've likely been asked by a cashier to apply for the store's REDcard. It's an appealing alternative to many store cards, as it offers a 5% off your sale at the register, as well as free shipping for online orders and an extended return period. While those deals are certainly tempting, the 23.9% APR on the card takes away most of the potential savings if you're unable to pay your balance in full each month.

While the Target REDcard doesn't offer rewards in terms of points or other accruing perks, the instant gratification of reducing the price of your purchase gets it close to the finish line.

Target Credit Card

  • APR: 23.90% as of Nov 2017
  • Annual Fee: $0
  • Rewards: Save 5% at Target every day
★★★★ 4.1/5.0

Something to keep in mind when using your Target REDcard is the 5% discounts do not apply to prescriptions or over-the-counter items located behind the pharmacy counter. It also does not cover Target Optical™ eye exams, gift card purchases, or certain restaurant merchants in store (though the discount was recently extended to newer stores with a Starbucks). Gift wrap, shipping and handling charges, or protection programs on purchases are also ineligible. If you're paying for only part of your purchase with the card, only the portion charged will be eligible for the discount.

Another thing to remember is that the Target REDcard can only be used in Target stores or on the company’s website. The closed-loop nature of the card limits its abilities to save consumers on their overall purchasing power.

Approval Requirements & Application

Consumers with credit scores as low as 580 report being approved for credit limits starting at $250. The card's accepting nature makes for a solid choice for anyone rebuilding their credit or establishing a new profile. Some reports show credit limits being increased up to three times each year with regular usage and payments.

Better Cards to Use at Target

Getting a percentage off of your purchase is a big draw toward the Target REDcard, especially for consumers that spend a lot of their budget there. But if your shopping trips often take you to other stores, you won’t be able to use your card all day long. You can get just as much savings with a traditional cash back credit card and the use of the latest Target coupons to cover most purchasing needs.

Cardholders report multiple issues with customer service, ranging from locked up cards to delays in processing payments. Many issues seem centered around the online portal for accessing and scheduling payments.

Cash Back

Getting a percentage off of your sale is great, but through many rewards cards, including the one suggested below, you can get similar amounts of cash back and may even qualify for a lower APR. On top of those perks, your card — and rewards — can be used anywhere you shop and not just at Target.





  • New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
17.24% - 25.99% Variable

0% APR

If Target is the more high-end of department store choices, the REDcard interest rate would belong on the shelves of that other store. If you're a thrifty shopper, and most Target regulars are, you may save money over the long haul with a lower-APR credit card option. Factor in the ability to use these cards anywhere, and it's a deal that’s hard to beat.

Wells Fargo Platinum Visa card Review

at Wells Fargo'ssecure website





  • 0% Intro APR for 18 months on purchases and balance transfers (fees apply), then a 13.74%-27.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa card
  • Easy access to your FICO® Credit Score with Wells Fargo Online®
  • Zero Liability protection for promptly reported unauthorized transactions
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • $0 Annual Fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 18 months
0% for 18 months on qualifying balance transfers
13.74%-27.24% (Variable)

Travel Rewards

If you're looking to save money, why not take some of those savings you're stashing away and take a trip? With a travel rewards credit card, you can earn miles, hotel stays, or other perks that'll have you on your way in no time. Not only will you earn travel benefits for your Target purchases (including those like pharmacy charges that aren't covered by the REDcard discount), but you'll accrue rewards for all of your purchases, everywhere.

Discover it® Miles Review

at Discover Card'ssecure website





  • INTRO OFFER: Discover will match ALL the Miles you’ve earned at the end of your first year, automatically. For example, if you earn 35,000 Miles, you get 70,000 Miles. That’s $700 towards travel!
  • Earn unlimited 1.5x Miles for every dollar spent on all purchases all with no annual fee.
  • No Blackout Dates - fly any airline, stay at any hotel.
  • Redeem your Miles as a statement credit towards travel purchases.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 14 months
10.99% for 14 months
14.24% - 25.24% Variable

While Target's REDcard isn't a bad option for regular shoppers at the store — you can never go wrong with instant savings at the register — the main drawbacks come through the high APR, which negates any discounts if you carry a balance, and the closed-loop limitations that make it only usable at Target. If you're the type that can pay off your balance in full each month, you'll likely qualify for a card with a much better rate and extensive perks that cover your purchases wherever you shop.

What Others Say About the Target Credit Card

Despite the potential for in-store savings, many cardholders report having extensive problems with their REDcard being locked regularly due to security flags. Other issues revolve around the internet portal where cardholders can manage their cards and payments. If you're a REDcard carrier, be sure to schedule your payments on time, as payment delays are another common complaint.
A review from says:

I really love my Target credit card. The credit card offers all the benefits and ease of use as any credit card I have ever had, but it also has the added incentive of getting a 5% discount at Target stores and online. And any issue I have with my account or purchases is quickly and professionally resolved with their great customer service. I highly recommend this credit card. —

★★★★ 4/5.0
A review from says:

The website appears broken to me. I am always locked out of my online account. Supposedly I need their security, but I do wonder if it isn't deliberate. I Spent over an hour two days ago trying to reach someone to unlock my account. There's no clear option on the menu. Twice, a person I reached put me on hold and call cut out. Now I'm a day late so it hurts my otherwise excellent credit. —

A review from says:

Fairly easy to get one with poor credit, you will get only a 200 or 300 credit line though. Keep your income updated with the website and if it gets higher you will see your limit get raised pretty quickly. I had Target raise my limit 3 times in a year. After about 2 years they may offer you a free upgrade to the Mastercard, which can be used anywhere. —

★★★ 3/5.0

Is the Target Card Right for You?

For more than 100 years, Target has provided consumers with the opportunity to purchase the items they need and want at discounted prices. The ability to save 5% off of your purchase with the use of a REDcard credit card is an added attraction, but the high APR and limited usability detract from the potential savings.

Instead of a one-trick wonder taking up space in their wallets, consumers are better served buying that new blouse or storage container with an everyday-use card with perks like a lower APR, cash back rewards, or travel benefits.