Target Credit Card Review 2025 | Pros and Cons | Detailed Overview

Summary

In this honest and unbiased review of the Target credit card, the video highlights the key features and considerations of the Target Circle card (formerly known as the Target Red Card). It offers a 5% discount on nearly all purchases, both in-store and online, along with free 2-day shipping and a 30-day extended return policy. While it’s a great option for frequent Target shoppers who pay their balance in full, it comes with a high APR of 25.15%, making it less ideal for those who carry a balance. The MasterCard version offers additional perks but isn’t guaranteed for approval.

Takeaways

• 😀 The Target Circle card, formerly known as Target Red Card, offers a 5% discount on nearly all purchases at Target, both in-store and online.
• 😀 The card provides a hassle-free discount, applied automatically at checkout, without the need for traditional reward systems.
• 😀 Starbucks purchases within Target locations are eligible for the 5% discount.
• 😀 Target Circle cardholders enjoy free 2-day shipping on most Target.com orders.
• 😀 The card also comes with a 30-day extended return policy for added convenience.
• 😀 One major drawback is that the Target Circle card is primarily a store card, limited to use at Target stores and online.
• 😀 The MasterCard version of the Target Circle card offers additional cash back on gas, dining, and general purchases, but approval is not guaranteed.
• 😀 The card has a high APR of 25.15%, making it less suitable for those who carry a balance from month to month.
• 😀 Carrying a balance on the card can result in interest charges that outweigh any savings from the 5% discount.
• 😀 The Target Circle card is best for loyal Target shoppers who pay off their balances in full and want straightforward savings.
• 😀 It's advisable to speak with an expert before making a decision about applying for the card, especially due to the high APR.

Q & A

What is the Target Circle card formerly known as?

The Target Circle card was formerly known as the Target Red Card.

What is one of the key benefits of the Target Circle card?

One of the key benefits of the Target Circle card is the automatic 5% discount on nearly all purchases at Target, both in-store and online.

Does the Target Circle card offer any shipping benefits?

Yes, the Target Circle card offers free 2-day shipping on most orders from Target.com.

What return policy does the Target Circle card offer?

The Target Circle card offers a 30-day extended return policy, providing extra convenience for frequent shoppers.

Can the Target Circle card be used outside of Target stores?

The Target Circle card is primarily a store card and can only be used at Target. However, the MasterCard version of the card can be used for broader purchases like gas, dining, and other general purchases.

Is approval guaranteed for the MasterCard version of the Target Circle card?

No, approval for the MasterCard version of the Target Circle card is not guaranteed.

What is the APR on the Target Circle card?

The APR on the Target Circle card is quite high at 25.15%, which makes it less ideal for those who tend to carry a balance.

Is the Target Circle card a good option for people who carry a balance?

No, the Target Circle card is not ideal for those who carry a balance because of its high APR. The interest charges can outweigh the savings.

Who would benefit the most from the Target Circle card?

The Target Circle card is best suited for loyal Target customers who pay their balances in full and want to maximize savings on their purchases.

What is the main consideration before applying for the Target Circle card?

Before applying, it's important to consider the high APR and whether you can pay off the balance in full to avoid high interest charges.