Get $40 off a $40 purchase by signing up for a Target RedCard debit or credit card

Jul 12, 2020

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Update: Some offers mentioned below are no longer available. 

Here at TPG we generally advise against opening up store-specific credit cards, as they tend to offer inferior rewards and welcome bonuses. However, if you shop enough at the same store it might be worth running the numbers to see if a certain card makes sense for you, and the Target RedCard is a great choice.

Doctor of Credit is reporting that you can now earn $40 off a future $40 purchase when you sign up and are approved for either the credit or debit version of the Target RedCard. There’s no direct link for this offer, but you can find it at the end of this week’s Target circular or by going to Target.com/redcard. This offer is only valid from July 12 to July 26, 2020.

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Given that the debit and credit versions of the RedCard are nearly identical, I would recommend picking the debit option if you plan on pursuing this offer. Both cards offer 5% off in Target stores and at Target.com. The only real difference is that one is a credit card and the other is a debit card.

As the coronavirus pandemic continues to reshape consumer spending patterns across the world, people are focusing on the basics and on consolidating their shopping trips. That’s good news for a store like Target, which lets you shop for groceries, clothes and household supplies all under the same roof.

Related: Contactless pay and 5% off: Why the Target debit REDcard makes sense for me during a quarantine

We rarely see strong rewards on debit cards, and the Target RedCard is a notable exception in this category. If you frequently shop at Target, 5% off your purchases can add up quickly.

Bottom line

No annual fee and 5% cash back at Target help make the RedCard one of the most rewarding debit cards on the market. While a $40 discount isn’t the highest welcome offer you can find, it’s a very solid deal for a no annual fee card. The ability to earn solid rewards and a welcome bonus on a debit card are also unique, as you don’t need to waste a credit inquiry in order to start earning rewards if you opt for the debit card instead of the credit card.

Featured image by Eduardo Munoz Alvarez/VIEWpress/Corbis via Getty Images

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.