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If there is one thing that most suburban parents have in common, it is an affinity for Target. Target has a little bit of everything, the stores are usually clean and bright, kids love going in them (ahem, toy aisles and snacks) and if you are lucky, maybe you can even grab a Starbucks on the way out. The downside of Target is that I rarely make it out of there without spending more than intended since they have mastered the impulse purchase, but that’s another story. If you are like me and find yourself in a Target store or on Target.com with any regularity, then you really should at least strongly consider having a Target REDcard. I know we don’t talk a ton about store cards, but this is a really good one for Target shoppers. Not only is the Target REDcard always worth a consideration for Target afficianados, but that sentiment is extra-true right now since they are offering a rare REDcard sign-up bonus of sorts.
Limited time Target REDcard sign-up bonus
The limited-time Target REDcard welcome bonus is a coupon for $25 off a $100 Target purchase, excluding alcohol, Apple products, Bose, CVS clinic & pharmacy, DSLR cameras & lenses, Elf on the Shelf, gift cards, Google products, GoPro, LEGO, LG OLED TV, mobile contracts, prepaid cards, Sonos, Target Optical, Tylenol pain relief, and Weber. The $25 off coupon will be valid until July 31, 2018, but you must obtain a new Target REDcard by June 23, 2018, to qualify for that discount. Not an affiliate link of any sort, just a decent deal for many parents.
I know that a bonus of $25 off a $100 purchase is small potatoes compared to the 100,000 point bonuses we normally talk about around here, but it is noteworthy since there usually isn’t a REDcard bonus at all. Honestly, the real value of the Target REDcards is not in the initial acquisition, but in the everyday savings and extra perks they unlock at Target.
Save 5% at Disney and more with a Target REDcard
With a Target REDcard, you get an extra 5% off at Target on an ongoing basis in most categories, including on their travel-related gifts cards such as Disney, Uber, and Southwest. If you want to save at Disney World, a very simple way to shave 5% off the top is to simply load up on Disney gift cards at Target using your Target REDcard. You can then use those gift cards to cover your Disney lodging, park tickets, meals, and more. For every $1,000 spent at Disney, that is an easy $50 saved. You may do better getting your Disney gift cards with rewards credit cards elsewhere, but the worst you should be doing on a Disney trip is enjoying a 5% savings with the Target REDcard.
The Target REDcard also gets you free two-day Target.com shipping without the usual $35 minimum spending requirement and a longer return window. If you use Target for some baby supply subscriptions then your REDcard can save you 15% on those purchases, too.
Take your Chase 5/24 status into account before applying
One thing to be very aware of if you are active in the rewards credit card hobby is that getting a Target REDcard credit card may very well impact your Chase 5/24 status. It is a store card that can only be used at Target, but I’ve heard enough reports of that impact Chase 5/24 status that I’m not personally willing to risk it. However, getting the Target REDcard debit card should not hurt you from a 5/24 standpoint as it is not a new credit account, but rather it just links to your existing checking account. Using a debit card at Target would mean forgoing protections offered by some credit cards, but I don’t personally need very many protections on Barbies, $7 kid clothes, bananas, throw pillows, and Starbucks. I’d rather take the 5% discount offered by the REDcard.
If you are interested in a Target REDcard and want the coupon for $25 off a $100 Target purchase, then be sure to apply for your Target REDcard by June 23, 2018. If you want to be extra careful about your Chase 5/24 status, I would recommend the debit card version over the credit version.
Is the Target REDcard a part of your overall rewards card strategy?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.