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.
READ THIS about the recent changes to the offer and the devaluation to the sign up bonus that will likely not make it worth the effort for some.
UPDATE 11/2/23: A new $50 offer has returned just in the time for the holidays.
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. The offer did jump up to $50 off of $50 last month but it is back to its normal offer this time around. Here are the current offer's terms:
- Get a $50 off $50 Target coupon upon approval
- Coupon comes in the mail in the same envelope as the card.
- The card has no annual fee
- 10/29/23 – 12/9/23 – (HT DoC)
- 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 $50 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 is once again available for the Reloadable card as well so you can do the offer twice without a hard pull.
The Offer Is Only Worth $50 Now
You used to be able to double dip this offer (back when it was $40 off, for a total of $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 No Longer As Easily Churnable
You used to be able to get this offer every few months but they recently changed the rules on that. We are still not exactly sure what the time frame is now. Some suspect once every 6 months but we don't know for sure. If you give it a try please let us know in the ToP Facebook Group.
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 All Types Of Target RedCards?
You can get both the debit version, Reloadable 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.