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The Target Visa was last reviewed on : 8th September 2006
Perks - .The Target Card allows you to enroll in Target's Pharmacy reward. Under this program, you will earn a 10% savings certificate for a day's shopping at Target after you use your Target credit card for the first pharmacy purchase. After that, every tenth purchase at Target Pharmacy will earn you a 10% savings certificate.
For every dollar that you spend at Target, 1% will be donated to your designed K-12 school.
Fees and Rates - The Target Red Card has no annual fee. The apr prime rate plus 15.99%. The Target Card uses the average daily balance method (including new purchases) of calculating balances and has a 28 day grace period.
Recommendation - The Target Red Card is designed for those who shop frequently at Target or Target.com. Frequent Target shoppers who do not have a credit history or have poor credit may want to consider this card as a way to start building a credit history.
If you are looking for a reward credit card with more reward choices, you may want to consider the Chase Flexible Rewards Platinum Visaź Card, which has Target Gift Certificates as part of their rewards, but also has other shopping and travel rewards.
Positives
No annual fee
Negatives
Can only be used at Target or Target.com
| Target Red Card |
| Reward Benefits |
| Reward Formula |
Enrollment in Pharmacy Reward Program
Earn a 10% savings certificate upon first phamacy purchase at Target
Earn 10% savings certificate after subsequent 10th pharmacy purchase |
| Other Benefits |
| See statement online |
| Cost/Fees/Interest rates |
| Introductory rate |
No introductory apr |
| Annual Fees |
No annual fee |
| Purchase APR |
Prime rate plus 15.99% |
| Penalty/Default Rate APR |
Prime Rate plus 19.99% |
| Min Finance Charge |
$0.50 |
| Grace Period |
28 days |
| Balance Calculation Method |
Average Daily Balance (including new purchases) |
| Cash Advance fee |
3% of cash amount, min $5.00 |
| Late Payment fee |
$25.00 |
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