Target RedCard Sign Up Bonus
The Target RedCard sign up bonus comes around pretty frequently and I think most people overlook it. I know we are all focused on miles, points and first class seats, but I wanted to point out some good features of the Target RedCard. And, no, I am not talking the 5% back you get at Target or the free shipping etc. Although, those are both pretty good perks. I am here to talk about the easy win the Target RedCard sign up bonus offers, even if it isn't as good as it used to be.
Update 5/10/23: We finally have the info on the recent changes that I assumed was a big devaluation when it came out, and it appears I was right. (HT DoC)
Details Of The Target REDcard Welcome Offer
The bonus for the Target REDcard changes somewhat frequently, but it has been static the last year or so. Here are the current offer's terms:
- Get a $40 off $40 Target coupon upon approval
- Coupon comes in the mail in the same envelope as the card.
- The card has no annual fee
- 4/30/23 – 5/27/23
- OFFER LINK
Some of the card perks are as follows:
- 5% off every Target purchase at the store or online
- Free 2 day shipping on most items on Target.com
- RedCard exclusive offers
But Why Is This Offer So Good?
You may be wondering why I am writing about a $40 off offer. I mean that can't be worth a hard pull, right? Especially if you are trying to stay under Chase 5/24. You are correct, it is not worth burning a Chase 5/24 spot, or a hard pull for that matter. The great thing about this offer is you don't need to do either of those things. See, this offer is good for the Target RedCard Debit card, and not just the credit card. Which means NO hard pull! It used to be available for the Reloadable card as well but they ended that in April of 2023.
The Offer Is Only Worth $40 Now
You used to be able to double dip this offer for $80 off, once in store and once online. But with the new set up, where you scan the coupon into your Target Circle app, it is no longer possible to double dip it. That may make this offer not worth chasing for some, especially with the long list of restrictions for the coupon.
I will probably still do it from time to time to grab some free stuff, since it only requires a cancellation call and a few clicks after that.
The Offer Is Churnable
The last thing I wanted to point out with this offer is that you can get it more than once. There are a few restrictions you need to be aware of though. You can not get the debit RedCard while currently holding one, you need to have closed your old card. You will also need to wait 10-15 days after closure to reapply. The other restriction is it has to be 90 days or more since you last signed up for one. Once you get past those two hurdles you should be good to go.
Target REDcard Sign Up Bonus FAQ
I wanted to put together some common questions we saw last go around so that we aren't answering the same questions over and over and so that everyone is on the same page:
When & How Does The Coupon Come?
The coupon comes in the mail with your RedCard. It should be in the same envelope. You will then need to scan it to load it into your Target Circle app and then it can be used once online, or in store, through your app.
What If My Coupon Is Missing?
A few people didn't get their coupon last time. Call the number on the back of the card and they will ship you a new one. Only people that signed up on the last day had an issue, don't wait!
When Does The Coupon Expire?
It depends on when you sign up. It can be good for 2-3 weeks if you do it towards the end of the promotion or up to 2 months if you do it early. All depends and sometimes they don't follow what the terms say on expiration date so look at your coupon closely.
Do I Need To Pay With My RedCard To Use The Coupon?
No, you can pay for the overage after the coupon is used in any way you like, including Target gift cards.
Can I Stack Coupons On The Same Order?
I am not sure at this point if you can load multiple coupons into the same Target Circle account or not now, assuming you and a spouse sign up at the same time etc.
I Got This Last Time, Can I Do It Again?
Yes you can, but you can not currently have your RedCard open. You will need to close your card and then wait 10+ days before applying. There is also a 90 day limit between applications.
How Do I Cancel?
You will need to call in on the debit card to cancel. It is best to do it late at night, they give you less of a hassle.
I Never Activated My REDcard, Do I Still Need To Close It First?
Yes, you need to close it first. You will need to activate the card and then call in to close it.
Can I Get Both Types Of Target RedCards?
You can get both the debit version and credit version, although it won't be worth the hard pull to get the credit card for most.
What If I Have The Credit Card, Can I get This?
Yes, these are all considered separate products.
Can Two People From The Same Household Do This Deal?
Yes, there is no household limit.
Can We Use The Same Checking Account As My Spouse?
No, do not use the same checking account for more than one RedCard account. This will cause issues and did last time for people that shared checking accounts.
Target RedCard Sign Up Bonus: ToP Thoughts
I figured it was worth pointing out some of these tips in case anyone was interested in a smaller, but super easy win. It is one of my favorite under the radar bonuses out there. I love that it is actually twice as good as they say and that you can get it somewhat fairly often. I always stock up on paper goods for the online order and then grab some food etc. with the in store portion. One thing I should point out is that there are a lot of limitations on the coupon so things like Nintendo and Lego are excluded. Having said that, I've never had an issue using them.