Are you a frequent Target shopper?
Do you have a Target REDCard?
If not, I wanted to take a second to tell you why I think this card is a real no-brainer for the frugal-minded shopper.
Now, first let me say that you’ve never seen me promote credit cards on my site. There’s a reason for that: While the perks are great, I know that credit cards are a contributor for many people to their struggles with good financial management.
Can credit cards be used “wisely”? Definitely.
But I also know how easily credit cards can exacerbate the financial mess of an already struggling family. Which is why you’ve often heard me say, “It’s not a deal if you can’t afford it. If you’re putting this deal on your credit card without a clear plan for how to pay off that card by the end of the month, STOP. Any savings will be eaten up by interest!”
Phew… now that I got that off my chest
Let’s get back to the Target REDCard.
Yes, the REDCard can be a credit card. But you can also opt to get it as a debit card instead — in fact, that’s what my husband and I have done! And when you choose the debit card option, it has all the same perks as the credit card, including:
- 5% off all in-store and online purchases, all the time
- FREE shipping from Target.com – no minimum order (order something that costs $1, order something that weighs a ton – it all ships for free)
- Extended return period — Regular Target shoppers get 90 days; Target REDCard shoppers get 120 days (this is a huge plus if you have baby gifts or holiday gifts to return!)
- 1% cash back to your children’s school — Just designate the school of your choice and 1% of all your purchases (in store and online) will be donated to that institution
- Pharmacy rewards — For every 5 prescriptions you fill at a Target pharmacy, you’ll get a 5% off reward, good for an entire day – again, both in store and online. And yes, this 5% can be stacked with your everyday 5% for using your Target REDCard.
- No annual fee — on both the debit and the credit card
There is an online application process for the Target REDCard – the credit card gives immediate approval (assuming you’re approved) and the debit card typically requires a business day or two for bank confirmation.
As I’ve said, Frankie and I have used our Target REDCard (debit) for nearly five years and have definitely saved a lot on our Target purchases. We also get all of our prescriptions filled at Target, which is not only convenient – but also a nice money-saver as well.