Target RedCard™ Mastercard

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Advertiser Disclosure Editorial Disclosure

Target RedCard™ Mastercard

Target RedCard™ Mastercard
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None Annual Fee

Target RedCard™ Mastercard

  • 28.15% variable based on the Prime Rate Regular Purchase APR
  • 31.15% variable based on the Prime Rate Cash Advance APR

At a Glance

The Target RedCard™ is a family of credit, debit, and prepaid cards from Target and TD Bank, with the most interesting option the no annual fee Target RedCard™ Mastercard. The card offers 5% off on Target purchases, plus 2% cash back on gas and dining, and 1% back on everything else.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Unlimited 5% savings at Target and Target.com
  • 2% cash back on dining and gas station purchases
  • 1% back on all other purchases
  • Additional 30-day return policy on select items
  • 2-day delivery
  • No annual fee
  • Regular Purchase APR: 28.15% variable based on the Prime Rate
  • Cash Advance APR: 31.15% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Late Payment Penalty Fee: Up to $41
  • Return Payment Penalty Fee: Up to $30
  • You primarily shop at Target for your groceries or household items
  • You want basic rewards for gas and dining purchases
  • You have a good or excellent credit score
  • You want a card with no annual fee

Target RedCard Mastercard Review

The Target RedCard™ is a popular store credit card from Target and issued by TD Bank. The card offers both open and closed-loop versions, meaning the non-branded version (without a Mastercard logo) can only be used for purchases with Target and not anywhere Mastercard is accepted, like a traditional credit card. Fortunately, the Target RedCard™ Mastercard version can be used worldwide and offers additional savings on everyday purchases. The credit cards are only one version of the RedCard™ program, with a debit card and reloadable prepaid cards being the other options.

Get 5% Off at Target

The biggest highlight of the RedCard™ store card is the ability to save 5% on eligible Target and Target.com purchases. That special saving is a great feature for anyone who frequently shops at Target. Even better, the 5% discount applies to other Target services. Cardholders can enjoy savings at any in-store Starbucks location, plus drive-up purchases, select specialty gift cards from brands like Disney, and Shipt orders placed at Target locations.

Unfortunately, not all purchases and transactions qualify for that discount. The following are ineligible for 5% off with the Target RedCard™:

Prescriptions Items behind pharmacy counter Clinic services Target Optical
Target GiftCards Prepaid cards Previous purchases Target credit payments or reloads
Shipt fees Alcohol (Indiana only) Gift wrapping Wireless protection and deposits

Mastercard Option Provides Extra Savings

The open-loop Target RedCard™ Mastercard differs in the bonus categories it offers on everyday spending anywhere in the world where Mastercard is accepted – currently in over 212 countries.

Cardholders earn 2% and 1% back on eligible global purchases, with the rewards breaking down as follows:

  • 2% back on gas or dining purchases
  • 1% back on all other purchases

If you were hoping for equally enticing credit card award options, unfortunately there is some disappointment to expect. The Target RedCard™ only offers a single redemption option for that cash back: gift cards. Rewards only apply to the purchase of Target GiftCards, making the open-loop card something of a letdown.

Other Credit Card Options for Target Savings

What happens if you want a credit card to save at Target but aren’t satisfied with what you see with the RedCard? Here are a few other credit options to consider, including one also issued by TD Bank:

Target RedCard Mastercard 1200x630 2
Target RedCard™ Mastercard
US Bank Shopper Cash Rewards™ Visa Signature® Card 1200x630 1
U.S. Bank Shopper Cash Rewards™
TD Double Up Card 1200x630 2
TD Double Up Card
Annual Fee $0 $95 ($0 first year) $0
Best Feature Enjoy 5% off at Target and Target.com every day Earn 6% back on on your first $1,500 in combined eligible purchases each quarter with two retailers you choose, with names including Amazon, Apple, Best Buy, Walmart, & Target Earn unlimited 2% cash back on all eligible purchases – no rotating spend categories, no caps or limits
Other Rewards Earn 2% cash back on all purchases you make in gas or dining merchant categories, and 1% back on all other purchases Earn 5.5% cash back on prepaid hotel and car reservations booked directly in the Rewards Travel Center; 3% cash back on eligible purchases each quarter in your choice of one everyday category, like wholesale clubs, gas and EV charging stations, or bills and home utilities (up to $1,500 per quarter); and 1.5% cash back on all purchases 0% introductory APR for first 15 billing cycles after account opening on balance transfers
Other Features Shipt savings, Starbucks savings, gift card savings, additional 30-day return window Visa Signature benefits, U.S. Bank ExtendPay® Plan, Rewards Center Shopping Deals Visa Platinum features, digital wallet, instant card replacement
Card Network Mastercard Visa Visa

Two-Day Free Shipping

One of the other great features of the RedCard is the ability to save on shipping with select Target purchases. Cardholders enjoy free 2-day shipping on thousands of items at Target.com.

You can check a product’s eligibility by checking its listing on the Target site. If an item is eligible for 2-day shipping, it’ll be noted on the product detail page and on the cart & checkout page. Place your order by the order cutoff time to receive 2-day shipping on select items to select zip codes.

Other Features

Plenty of other Target-centric features are certain to add value to this no annual fee retail card. Principal among these additional benefits is an extended window for returns. RedCard holders receive 30 additional days to return purchases beyond the standard return policy applicable to each of the purchased items when bought at Target stores or Target.com.

As with all benefits in any loyalty program, Target reserves the right to discontinue or alter the terms of this program at any time. Additionally, RedCard extended returns do not apply to all purchases, with the following excluded:

  • Target Optical purchases
  • Non-returnable items
  • Contract mobile phones
  • Online SNAP (Supplemental Nutrition Assistance Program) eligible items using both a RedCard and an EBT (Electronic Benefits Transfer) as payment.

Cardholders also receive exclusive offers, discounts, and promotions tailored to their interests and shopping habits. Keep in mind that you’ll need to be enrolled in Target Circle™ to redeem offers, and available deals are subject to change and there may be seasonal differences.

Finally, the card includes Mastercard features and protections, including the following:

Zero Liability Protection Mastercard Global Services ID Theft Protection

TD Bank Ratings

How does TD Bank rate as a lender? Here is a selection of expert reviews for the bank and its credit card products:

Should You Apply for the Target RedCard?

The Target RedCard Mastercard is an interesting option because you can use it outside of Target locations. Despite that, the card likely isn’t for everyone. If you want a versatile credit card to earn rewards towards things other than Target gift cards, this probably isn’t your best bet, with almost any other no-annual-fee reward credit card being preferable. But if you live and breathe Target, then this is most likely, definitely, the card for you.

Ultimately, the Target RedCard is a decent store card if you just want that – a store card for taking care of purchases at that single retailer. For everyone else, there are far better options out there – including retail card options from U.S. Bank, Bread, Synchrony, or other issuers.

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