![]() ![]() Learn more or apply for a Target Red Card here. The card is linked to your bank account, so when you swipe it, the money comes directly out of your linked checking account. You still get the five percent discount and the store benefits because they don’t have to pay Visa or MasterCard’s interchange fees. Related: What Credit Score Do You Need to Get Approved for a Credit Card? If you don’t have the credit history to get approved for a Target Red Card credit card (or you’re just opposed to credit), there’s another option that can still net you the five percent savings: a debit card version of the Target Red Card. Yes, this card has a fairly crazy APR (22.90 percent), so anybody who is even thinking of using it to pay off a 60” LED TV over 12 months should get a financial intervention.īut, if you spend a lot at Target like we do, the Red Card might make sense. So there’s little reason not to get this card and take advantage of the savings it offers. Today, my spending is in check and I’m in the habit of paying off credit card balances in full each month. I was high on credit and hungry for more. I would have maxed that baby out faster than bunnies make babies. Related: How to Use a Credit Card ResponsiblyĬase-in-point: Ten years ago, I should never have applied for a new credit card. ![]() But the truth is, what’s right for me might not be right for you. The talking heads on TV love to preach, “all debt is evil” and “you can’t afford it”. Unfortunately, so much mainstream financial advice is one-size-fits-all. Everybody has different financial goals and priorities (and that’s a good thing!) Beware one size fits all financial adviceīut just because some of these products are crappy and some people abuse them doesn’t mean they’re always a bad idea for everybody. It’s easy to open one at every store, cluttering our credit history and dragging down our credit score. We buy $500 of clothes and make payments for a year…at 29 percent interest. Often times we get them when we’re young and financially inexperienced. That was ingrained.Īnd it’s true that these store credit card accounts can be traps. The five percent off from the Red Card can be stacked on top of your pharmacy rewards for extra savings.Įvery time I was offered this card at the checkout, I thought about how the savings would add up, but I always said no because, as a financial blogger, store credit cards are just “evil”. If you fill your prescriptions at Target, you’ll get an additional five percent off for one day of shopping for every two prescriptions you fill. It also qualifies you for free shipping from and extends your return period for an extra 30 days. So if we spend an average of $500 a month at Target, five percent off is $300 a year. Diapers, clothes, cat food, toiletries, even some groceries. For convenience, if we can buy something there, we typically do. (All the time not just the day you open it, like a lot of store credit cards.)Ĭompared to cash rewards credit cards that pay one percent, maybe two percent back and up to five percent back on a limited number of items, that’s a pretty good discount.Īnd my wife and I do a lot of damage at Target. If you’re not familiar with Target and their card, the Target “Red Card” gives you five percent back on everything you buy. Beware one size fits all financial advice.You'll need to provide your receipt for reload information. ![]() Your Account ID (locate by logging into /myredcard)įor RedCard Reloadable Account questions, call 1-83 or visit.Review payment history including paymentsįor Target Debit Card™ questions, call 1-88.Make a one-time payment, schedule up to 30 days in advance.Your Account ID (Locate on a previous RedCard statement or on /redcard.To use our automated phone system, you will need: Available in English or Spanish 24 hours a day, making it quick and easy to hear your balance information, make a payment, review transaction history and much more. Use our automated phone system to securely access information about your RedCard. If you have other questions about your Target™ Mastercard® or Target Credit Card™, call RedCard Guest Services at 1-80. Visit the Help pages for frequently asked questions about the RedCard, or visit the RedCard page. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |