Update 8/19/24: Just a reminder that this offer is still around
Update 4/8/24: Deal is back; I can’t seem to find the expiration date on this one (ht reader Matt)
The Offer
- Get a coupon for $50 off a $50 qualifying purchase when you are approved for a debit or credit REDcard in-stores and at Target.com.
The Fine Print
- RedCard $40 offer: Get a coupon for $40 off a qualifying purchase over $40 when you are approved for a debit or credit RedCard™ in-stores and at Target.com between 11/1/20-12/26/20.
- The coupon will be mailed to approved cardholders with their RedCard and will be valid through 1/31/21.
- Excludes items sold & shipped by Target Plus™ Partners, alcohol, Apple products, Baby Alive Grow Up Baby, Barbie Dreamhouse & Camper, Bose, Cards Against Humanity, Casper, The Child action figure, CVS clinic & pharmacy, Cricut, dairy milk, DockATot, Disney Frozen Castle, DSLR cameras & lenses, Elf on the Shelf, Elvie, Fitbit, gift cards, Google, HALO Baby, Hasbro Games (Classic Monopoly, Connect Four, Jenga, Rubik’s Cube, Sorry, Trouble), Hot Wheels Ultimate Garage, HP, Imaginext Batcave, Infant Optics, JBL, LEGO, Levi’s Red Label, LG OLED TV, limited-time designer partnerships, Little People Rampway, L.O.L. House & Collector, Mega Bloks, mobile contracts, Motrin pain relief, NERF Ultra, Nintendo hardware and Switch games, Polder, Poo-Pourri, Peg Perego, Philips Avent, power shave, power dental, Harry’s and Flamingo, prepaid cards, PS4 hardware, Samsung TVs, simplehuman, Sonos, Sony Electronics, Target Optical, Traeger, Tylenol pain relief, Weber, What Do You Meme? and Xbox One hardware.
Deal History
- Update 2/4/24: Deal is back until May 4
- Update 12/8/23: Deal has been extended through 12/30
- Update 10/30/23: Deal is back from 10/29/23 – 12/9/23.
- Update 9/5/23: Deal is back 9/3 – 10/14; this time it’s back to $40. Just remember, they stopped allowing churning this card.
- Update 8/7/23: Deal is back 8/6/23 – 8/19/23, this time $50 off $50. Just remember, they stopped allowing churning this card.
- Target REDcard Churning Is Dead
- The Target REDcard $40 Quadruple Dip Is Dead
- Update 6/19/23: Deal is back and valid 6/18/23 – 7/22/23. They’ve gone back and now include the reloadable card in the deal
- Update 7/17/23:
If you close a card, you become eligible again for the $40 coupon after 90 days from when you last opened the card. - Update 4/30/23: Deal is back for April 30 – May 27, 2023. Here is the ad link (find it at the end). (ht Tom MacDonald) This time they are requiring a coupon via Target Circle to get the deal which means it no longer works twice. Also notable, they exclude the Reloadable card now from earning the $40 coupon.
- Update 3/3/23: Deal is coming back beginning Sunday March 5th and through April 8th, 2023. Here is the ad link.
- Update 12/30/22: Deal is back and valid 1/1/2023 – 1/14/2023
- Update 8/6/22: Deal is back and valid from 8/7/22-8/27/22.
- Update 4/3/22: Deal is back and valid until 4/3/2022-4/16/2022.
- Update 1/2/22: Deal is back from 1/2–1/15. Hat tip to Amber
- Update 5/2/21: Deal is back for May 2nd through May 29th. (ht Loren and ieatdogfood)
- Update 3/7/21: Deal is back for March 7th through April 3rd. Hat tip to reader Yaro
Our Verdict
This is a regular offer and one of the best offered for REDcard, previous offers can be viewed here. Sometimes we see $50 off, but that requires $100 in spend. Sometimes you can also get $4 via Swagbucks as well but not currently available. There is no hard pull for the debit card or reloadable card.
It seems Target now allows opening the card again every 180 days. If you closed out an old card and it’s been more than 180 days since opening the previous card, they should approve you for a new one. (Previously it was every 90 days.)
View Comments (3765)
Do you need to unlock your chex or any other report
No. I have never been able to find any evidence of a pull on any regular credit report.
For the Target debit card, they WILL pull Certegy and MAY PULL EWS.
(I don't think it's possible to freeze either)
I have never found any trace of the Reloadable on ANY report. @guest_1944863
P1 & P2 cards arrived today, so no detriment for P2 to do the trial deposits. (Applied on 10/06) Current expiration is 12/02/24.
It seems like so long since I did this, I had trouble remembering the exact steps. The important parts...
Personally, I will probably do store pick-up on my online order. If doing a store purchase, you should just be able to enter your phone number at the register, or scan the app, to get the $50 off. Just make sure you hit the magic number of at least $50 in authorized merch.
I called to close my debit card today after 15 days, and the agent added a note to my account that I have opened and closed the account multiple times and won't be able to get a new card. Lets see if that happens.
That happened to me last year. No problem opening another card after a few months.
Does anybody know if eGift card works for reloadable promo? Maybe it's some side service and is not considered as Target purchase
Search the comments for gift card, your answer is there
The question was about eGift cards. Most of DP are about GC, not eCG. And the last DP is that it was not paid.
It works, you just don’t get the 5% discount obviously.
Anyone with dud coupons recently? P2 didn't have the Target app, so I signed off the app on my phone and they signed on with their own account just to scan the coupon. Got a success popup, but no sign of the coupon appearing in their wallet or Target Circle offers area.
Guess we have to go chat or call for a reissued coupon?
P1 & P2 auto-approved for the Debit today.
Last opened: 4/2/24 (187 days ago) Last closed: 8/27/24
With P2, this time we are doing trial deposits, hopefully to avoid any EWS inquiry. I've always done the automated linking, usually to Capital One.
Technically, my P2 wasn't approved until today when verifying trial deposits. Done/approved.
My desire to test avoiding the EWS inquiry might not be valid though. I looked at P1 & P2 EWS reports from mid-Sept this year and there was no EWS inquiry done in April 2024.
In Oct 2023, they did pull as "TARGET via CERTEGY WELLS". Not sure what the difference would have been.
I seem to have lost it in my notes, but I opened a Debit around the same time last year and I don't have an EWS inquiry.
Just spitballing, but have you ever requested your Certegy report? Perhaps they didn't have a report for you yet, so they pulled EWS to verify your info and generate one.
I have requested a Certegy report before.
https://www.doctorofcredit.com/apply-for-a-new-target-redcard-debit-credit-and-get-40-off-40-shopping-trip-11-1-12-26/#comment-1841138
But the date of the inquiry matches my RedCard application, 10/02/2023. And pulled in April 2023 too.
https://www.doctorofcredit.com/apply-for-a-new-target-redcard-debit-credit-and-get-40-off-40-shopping-trip-11-1-12-26/#comment-1754464
Ahh yeah, I remember seeing that first comment. Maybe Certegy/Target changed their procedure, and stopped pull EWS in Oct/Nov 2023.
Have you or P2 ever been denied for EWS inquiries?
I have 84 inquiries (also 42 open accounts and 15 closed), and I don’t have any issues with EWS banks.
Ummm... that's hard to say. PNC, BofA, Citizens... all EWS banks, my P2 has or had issues getting approved. Do they specifically say the denial is due to EWS? No. But a little inconvenience to avoid one inquiry on her report... I think is worth it. I recently pulled EWS for both of us, and doing so about every 6 months, so it will be awhile before I have the DP.
IIRC, EWS used to have two sections of inquiries on the EWS report, but now the new account application and promotional inquiries are together. Some of them are just due to linking accounts via ACH.
Gotcha. I did have some issues with EWS banks last year, until I updated all my reported open accounts with the same address and email. EWS takes contact information from the application and returns a confidence score based on your report, so mismatches can cause low scores and denials.
Since this new debit card requires Target Circle account to apply, can I use the card right away for online orders, or I still need to wait for the physical card in the mail first?
You can use the card right away if you choose to have it instantly linked, but you won't get $50 off...
You have to wait for the mailed card with the coupon and scan it with the app to get the discount. @guest_1926484
DP: I signed up for the reloadable card in mid-August. After receiving the card in the mail, I did an ACH deposit from my bank account for $51. I used the card at the target store to buy a physical target GC in the amount of $51 on 9/5. Received the $50 bonus on 9/26 which I then ACH debited back to my bank account.
I was approved for debit card (last time opened 03.28.2024) and I was approved for reloadable (last time opened 09.18.2023). Fineprint for reloadable says once in life. Is it true or they pay?
Please read this: https://www.doctorofcredit.com/apply-for-a-new-target-redcard-debit-credit-and-get-40-off-40-shopping-trip-11-1-12-26/#comment-1895740
Called to close the debit cards for P1 and P2 since next week would be 180 days since their openings. The two supervisors we talked to both said that we would need to wait 90 days after closing to reapply. We'll see next week.
Rep is wrong. I just closed / opened within a few days of each other about 2 weeks ago.
Wait, what? Did you really ask them when you could churn the next card while closing your current cards?
We didn't. They just said that unprompted in an attempt to keep us from closing.
That's a very strange thing to say to try to retain a customer...
Most people, besides us churners, close accounts because they don't want them anymore. Why would they care when they could reapply?
And the people that do care when they can reapply should be the customers they don't want. 😕