Target Visa Credit Card

  • 33333
  • 33333
  • 33333
  • 33333

Target Visa Credit Card Target is one of the largest discount store chains in the country. It is located all over the United States and the chain continues to grow every year. Even though it is a discount store, it did once offer another way for you to get a discount and that was with this Target Visa credit card.

Do a FREE comparison of available credit card options using the credit card chaser tool on this page!

Unfortunately, the word “was” is used here because, in April of 2010, Target discontinued its Visa credit card option. All of its cardholders that had a Target Visa were offered a REDcard in its place. Even so, the REDcard is under the same restrictions for fees as its Visa card was, according to the Federal Reserve.

Target Visa Credit Card – The REDcard Alternative

The Target REDcard is the only credit card offered by Target at this time. You can also get a Target debit card, but this is very different from the REDcard as its use is based upon the deposits that you make to the debit card. The downside to the debit card is that you can only use it at Target and it isn’t a secured credit card, which means your use isn’t reported to creditors.

The REDcard is a retail store credit card option, which means that you will be paying a higher interest rate for this card, regardless of how good your credit might be. What’s more, the APR is tied in with the prime rate, which means that if the prime rate increases, so does your APR.

Target Visa Credit Card – The REDcard Rewards Program

Initially, both the Target Visa credit card and the REDcard offered a rewards program that allowed you to earn points for each $1 that you spent using your Target credit cards. However, at the end of 2010, Target discontinued that rewards program.

Now, Target offers a 5% discount on all purchases made at Target.

This applies to any purchase, including clearance items and medications. Additionally, when you purchase five medications using your Target REDcard, you will get an additional coupon for 5% your entire store purchase. You can use this coupon at your leisure; it doesn’t have to be used on the same day you receive the coupon.

Target Visa Credit Card – The REDcard Terms

The biggest downside to using this credit card is its 22.9% interest rate. In addition, the penalty fee will be up to $35 for a late payment and $25 for a returned payment. However, if you don’t plan on carrying a credit card balance, then you can benefit from the 5% discount that Target offers on this card.

Find credit cards for your needs absolutely FREE on this page!

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

Leave Your Own Target Visa Credit Card Review & Star Rating!

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>