#TARGET RED CARD FREE#

Other big-chain stores, such as clothing retailer Gap, co-brand their credit cards with big networks such as Visa.

No use outside of Target - This card is limited only to purchases in-store and on the retailer’s website.

High APR - Yes, store cards typically have lofty APRs (see above), but given Target’s army of frequent and loyal shoppers the company could give its cardholders a break on this.

Extra time for returns - Target REDcard™ credit card holders receive an additional 30 days in which they can return unwanted merchandise.

You won’t have to do so with this product. No annual fee - No one likes to pay an annual fee to own a credit card.That problem is non-existent when you’re a Target REDcard™ credit card holder ordering from the retailer’s web portal.

#TARGET RED CARD FREE#

Free shipping on online orders - The one big complaint many e-shoppers have is that shipping costs are too high.The 5% Target REDcard™ credit card discount can be applied to this service too. Target subscriptions - Jumping on a trend popularized by retailers such as, Target offers subscription services in which it’ll deliver “everyday essentials” directly to your home.Starbucks - For some reason Target doesn’t highlight this in the list of REDcard™ features, but the 5% discount also applies to Starbucks outlets located inside Target stores.Savvy cardholders can also leverage that 5% discount in other ways. In my experience this is quite extensive I’ve never not received the 5% discount on any of my purchases, and I’ve been a cardholder for over half a decade. What I like about Target REDcard™ĥ% discount on qualifying purchases - The card generates a 5% discount, both online and in-person, on most Target merchandise. If you feel you can do so effectively, and you’re enough of a frequent shopper at the retailer to gain from the card’s benefits, then you should go ahead and apply for one. Great care must be taken not to carry over a balance on a store card. And the higher the risk of default, the higher APRs tend to be. Thus, store card holders as a group are a much riskier pool of borrowers than general rewards credit card holders. As such, retailers aren’t as picky as general credit card issuers regarding the credit quality of those customers.

Why? Because store cards are a tool for retailers to keep customers coming back. Those deals might be sweet, but store cards tend to have much higher APRs than general credit cards. Almost always, they promise some kind of one-time and/or regular savings unique to the card.Īs always in the financial world, though, you don’t get something for nothing. Most likely, if that retailer is big and prominent you’ve probably been hit up to get their proprietary credit card. So you like shopping habitually at a favorite retailer. Note: I’m specifically discussing the credit card, which is not to be confused with the similar Target REDcard™ debit card. More: Consolidate debt with one of these top-rated balance transfer credit cards Discover: This card has one of the longest intro 0% interest periods around

Target red card