Some banks approve store cards for those with a fair credit history or slightly above a credit score. However, some banks approve credit cards for those who have credit scores in the 's. If your score is low, you might still be approved, but you might be charged a higher interest rate on the balances and be offered a lower credit limit than those who have higher credit scores.
Some of the information that you'll need to provide when applying for a credit card at Target include:. The Target RedCard offers consumers the choice of a charge card—Target purchases only—or a credit card with the Mastercard logo—purchases allowed anywhere Mastercard is accepted.
There are no rewards points to keep track of and if someone purchases a significant amount from Target frequently, the savings can add up over time. However, the interest rate is high as is the case for most store-branded cards.
Also, please note that if the balance is not paid in full each month, the APR on the Target RedCard and the resulting interest charges could wipe out the savings earned from the discount.
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Personal Finance. Your Practice. Popular Courses. Part Of. Types of Store Cards. Store Card FAQ. Store Card Reviews. Credit Cards Rewards Cards. Table of Contents Expand. How the Target Credit Card Works. Rewards and Benefits. Where to Get a Target RedCard. What Kind of Credit Is Required? Some offers and extra discounts are available to everyone during limited-time promotions.
The benefits are simple and an instant discount means there are no rewards to keep track of. Where the RedCard gets complicated is the fact that Target offers it in three different forms.
When applying, you can choose either a debit or credit card. All versions offer the same benefits at Target. Unlike most store cards, Target allows you to apply for two separate versions of the RedCard. Customers can choose between a debit card or a credit card, both offer the same discounts and benefits with no annual fee.
The main advantage of choosing the credit card option is the ability to pay over time. This option can also be good for someone looking to build credit. The Target credit card is easier to qualify for than most rewards credit cards, so it could be a solid option if you have fair or limited credit history. Your payment history will be reported to credit bureaus, giving you the opportunity to improve your credit score if you responsibly pay your bill.
This card, like many store cards, is known for offering low credit lines at first but raising the credit limit based on your payment history and use of the card. Some cardholders are eventually offered an upgrade to a Target Mastercard, which can be used at stores other than Target. Money is withdrawn immediately. Additionally, choosing the debit card is a good option for anyone who wants to avoid opening a new credit card. Debit cards are governed under the Electronic Fund Transfer Act, which protects you against fraudulent charges—but only after you report your debit card lost or stolen.
Learn more in our guide to credit versus debit cards. All credit cards come with fees, but the credit version of the RedCard has high ones. The RedCard is only designed for use in Target stores or at Target. If you hold a debit card or the entry-level credit card, your card will be denied if you attempt to use it elsewhere. Save yourself the embarrassment by saving it for Target only. Some credit cardholders are offered an upgrade to the Target Mastercard after several months of responsible use.
Offer details below. Subject to application approval Target Mastercard not available to new applicants. Mastercard is a registered trademark of Mastercard International, Inc. Pat 7,, and 8,, Restrictions apply. Pricing, promotions and availability may vary by location and at Target. Loading, please wait Free 2-Day Shipping. Same Day Delivery. Please select a store.
Already have a RedCard? Sign in for a more personalized view. Manage my RedCard. Program rules. Apply for credit. Apply for debit. Which RedCard is right for you? This offer is not valid on previous orders or where otherwise prohibited by law. When you use your RedCard for your Target.
Thousands of items qualify for 2-day shipping. Item eligibility and assortment vary by market and are determined by the location of the item and the destination ZIP code. Place your order by the order cutoff time to receive 2-day shipping on select items to select ZIP codes. Refer to the product detail page for estimated delivery dates.
Visit Target. Every exclusive extra may not be available to every RedCard holder, and the selection of RedCard holders for a specific exclusive extra may be based on criteria, such as previous purchases or geographic location. Exclusive extras are planned throughout the year at our sole discretion and may vary from year to year. Exclusive extras may have limitations and restrictions.
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