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Target Red Card?

October 21st, 2010 at 07:29 am

I knew it was coming. Target made a change to their store credit card that has made it a potentially attractive option for us. As of right now, and for the foreseeable future, Target will instantly give you 5 percent off of all purchases made at Target, with the card.

Now, I've never had a store credit card. I also don't have any credit card debt and pay our balances in full every month.

We don't need another card, but let me just say I'm considering this one.

We buy almost everything at Target. Baby formula, diapers, pajamas, baby shoes, whole milk, you name it, and we buy it there. I shop there probably twice a week. It's the best place to buy basics close to us, I usually get coupons from them, and they have competitive prices on baby items as Wal-mart.

So, the question is, is it worth it to get the Red card and save 5 percent off every time I go there, plus the coupons?

It will be a small hassle to have yet one more card to keep track of, but probably not onerous enough to negate the savings, considering how much we spend there.

Any thoughts?

16 Responses to “Target Red Card?”

  1. Ima saver Says:

    I think you should get the card. 5% off would be very nice.

  2. ThriftoRama Says:

    I'm leaning that way. It could save us a couple hundred dollars a year at least, I'm thinking....

  3. Joan.of.the.Arch Says:

    Yes, I think the 5% would be worth it. It probably beats the rewards offer any other credit card gives you.

  4. creditcardfree Says:

    I'm actually considering it, although I have yet to apply. I think at one point I figured we would save about $30 per month based on how much we already spend there! That is $360 a year. Seems worth it to me. I am dreading keeping track of an additional payment and I'm a bit against cc's in general.

  5. MonkeyMama Says:

    Yes - I have been meaning to apply, but haven't yet. I think it is worth it!

  6. Homebody Says:

    I had no idea. At this point if we all can manage it without overspending, I think 5% is well worth it. I have to confess I got an Amazon visa the other day when I went to order an exercise book and it said I would get a $40.00 credit. I ordered up a Vtech reading thing with the pen with 4 books for granddaughter for Christmas. (hanging head a little embarrased).

  7. LittleGopher Says:

    Target's our store too....we have the card, and really it's no different than our Visa - we keep to the philosophy of not buying more than we normally would and paying it off each month. The 5% is money that stays in my pocket!

  8. ThriftoRama Says:

    I have an Amazon visa. We buy gifts on that site frequently and only use it for that. We also have a rewards card that puts 2 percent cash back into a brokerage account, which is our main card. It goes toward the kids' college.

  9. jewels3 Says:

    You don't need to get a credit card. Target also offers a debit card that comes out of your checking account with the same benefits. We've had a Target debit card for awhile now and love it.

  10. My English Castle Says:

    I was thinking the same thing--especially since I sunk another $100 at target today. Is it the debit card or the credit card or both that offers 5% off?

  11. jewels3 Says:

    both offers 5%. Personally I see no reason to get a credit card if the debit card does the same thing.

  12. ThriftoRama Says:

    Hmmm. I didn't know about the debit card. I am reluctant to have anything linked to checking. It's much harder to fix and error on a debit than it is on a credit card.

  13. My English Castle Says:

    They tried to pitch the debit card to me the other day, but I think the credit card might be better for us too.
    We never carry a balance, and I'm with Thriftorama, I'm hesitant about a linked debit card.

  14. baselle Says:

    If it makes your routine better, might as well go for it. Since you already buy a ton there and won't have to change your habits, it makes it worth it.

  15. Jerry Says:

    If you already know that you shop there a lot, and you spend a decent amount of money there, then why not? 5% can really add up and lead to some good savings over time, but this is assuming that you have some insurance that you will be there frequently enough to make it worth your while.
    Jerry

  16. disneysteve Says:

    We've been considering this card, too. I didn't know about the credit card - just saw the info for the debit card. I would much prefer a credit card if the benefits are the same. Over the past 6 months, we would have saved over $80 with the 5% off deal. That's worth it in my book. I will have to look into the credit card offer as I'd rather not do debit if I don't have to.

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