Target RedCard Bonus Devaluation

The popular Target RedCard bonus offer is back but it has some changes this time around. One thing we know for sure isn't good, but the other change I am just assuming it isn't good at this point. This is a deal that has been going on for years now, and has been pretty lucrative for those that play the game, but Target may have leveled the playing field a bit with a Target RedCard bonus devaluation. If you want to know all about the deal and some FAQ on everything then check out our post on the RedCard sign up bonus. I'll update this post completely when we know for sure what is going on.

Two Notable Changes

There are two notable changes that we need to discuss in detail this time around.

Target RedCard Reloadable Excluded

The first change that they made is they excluded the Reloadable version of the RedCard in the terms. This is a bummer for a few reasons. It was recently added to the stable of RedCards at the end of 2022, which was a nice addition. It gave us a chance to get multiple bonuses, since it was were considered a different product from the credit card and debit card. That opened up an opportunity for another bonus every 3 months or so, worth up to $80.

It was also nice that you could cancel this version of the RedCard online and not have to have any human interaction. It made it the favorite of the options for me.

That all seems to have ended, hopefully you were able to get it once or twice before they closed that door.

The Coupon Terms Have Changed & That Could Be Very Bad

Here are some notable changes in the RedCard coupon terms:

The coupon will be mailed to approved cardholders with their RedCard and will be valid though 6/26/23. Must upload coupon to Target App and be fully enrolled in Target Circle to redeem coupon.

This part gives me pause because of the requirement to be fully enrolled in Target Circle and upload the coupon into the app. That sounds to me like it will be added to your Target Circle balance maybe. Or a coupon in your account where you would have to scan your app to use it in store. That would mean it will be attached to your account online too. This would likely mean the end of the double dip, getting actually $80 in value. In the past you could use it once in store and then once online because they had two codes on the coupons. That is my guess at least, we won't know for sure until people start to get this latest round of coupons.

The sliver of hope that I have is that they still seem to be mailing out a coupon, which needs to be loaded to your Target app. You would think this would just be automatically attached to your Target account instead. Maybe there will still be some wiggle room with the coupon. My guess is that won't be the case but weirder things have happened.

Link To Terms

Target RedCard Bonus Devaluation: ToP Thoughts

The Target RedCard bonus devaluation was bound to come at some point, although I was not expecting the reloadable card to be removed from the options. I did think they would eventually find a way to block the double dip. It appears they have taken the steps to do just that, but we won't know for sure until the coupons roll in. If you don't mind the deal only being worth $40 potentially, instead of the $80 double dip, then you can still go for it. I assume some won't think it is worth the effort any more.