Target Red Card Offer | $40 Off $40 Purchase Coupon w/ New Debit or Credit Card!

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Check out the benefits of a Target Red Card and why we think it’s a must-have for Target Shoppers! 

Hand holding a Target Red Card and flowers are in the background

Target shoppers, apply for a new Red Card and score a BIG discount! 🙌

The Target Red Card is one of our absolute favorite store credit cards because of all the cardholder perks and exclusive offers that come with it!

Being a Red Card holder means that you save 5% every day on Target purchases (no promo code required!). You also score FREE 2-day shipping on most items on, get extended time for returns, and more!

Plus, through May 27th, Target is offering a coupon for a whopping $40 off a purchase over $40 that will be included with your NEW Target RedCard (valid on the debit and credit card options)! The $40 off coupon will be mailed to approved cardholders with their Red Card and will be valid through 06/26/23.

Target Red Card and coupon

In addition to the Credit and Debit Cards, Target is now offering a third option – the Target Red Card Reloadable Account. Note that the coupon does not apply for these cards, but it is still a nice option!

This card offers all the same benefits as the other Red Card options, but it doesn’t require a credit check or bank account! To get a Reloadable card, you just need to be 18+ years old, have a valid email address, and provide your Social Security Number to verify your identity.

The Target Red Card Reloadable Account is similar to Target’s Debit Card, but instead of linking to your checking account, your Target Red Card Reloadable Account can be preloaded with cash at Target.

Hand holding a Target Red Card

You can also get your paycheck or government benefits up to two days early when you set up direct deposit on your Reloadable Account. This service is totally free for cardholders! In fact, there aren’t many fees associated with the Red Card Reloadable Account at all as there is no annual fee, and reloading your card is free too!

If you want to use the “Money In Minutes” feature of the Mobile Check Capture service to reload your account, that will incur a fee. To avoid this fee, you can choose the “Money in Days” option instead.

To avoid ATM fees, Reloadable Red Card holders can use the in-network Allpoint ATMs at Target for any withdrawals. Be sure to review this list of all the Red Card Reloadable fees before using your card!

Target carts

What’s the best part about having a Target Red Card?

Target’s 5% off Red Card discount will also stack with the already discounted sale or clearance items and Target Circle offers, so you can scoop up all the Target deals your heart desires at the very best prices!

Why wouldn’t you want to save a little extra on the items you’re already buying? 🤷‍♀️ And because now you can opt for the Credit, Debit, or Reloadable Card version and still get all the SAME perks, a Target Red Card is really a no-brainer!

hand holding target red card

Applying for a Target Red Card Credit or Debit Card is really easy, too!

You can apply conveniently and quickly online – the entire application process should take less than 15 minutes!

If you’re not interested in another credit card, consider applying for the Red Card Debit Card instead. There’s no credit check needed, and it’s totally free. The Red Card Debit Card gets linked with your existing checking account. Plus, you can also withdraw up to $40 cash at checkout in-store.

Regardless of which type of card you choose, you don’t have to worry about paying any sort of annual fee! 🙌

Target-Shipping-Box (1)

Here are all of our favorite perks (some restrictions apply):

  • Save an extra 5% every day on Target purchases when you pay with your Red Card – in-store AND online!
  • Store your Red Card info in the Target app for a faster checkout experience!
  • FREE 2-day shipping on most items on – no minimum purchase!
  • Early access to special events, products & promotions – just for Red Cardholders!
  • Extended returns – additional 30 days, excludes Optical and non-returnable items!
  • Exclusive extras, including special items & offers!
  • Save 5% off specialty gift cards for travel, restaurants, movie tickets, and more!
  • Save 5% when you use your Red Card at any in-store Starbucks location!

Save even more with these hot Target deals!

About the writer:

Chelsey has a degree from American Military University with over 6 years of content writing experience specializing in saving money and living frugally.

Join The Discussion

Comments 6

  1. Ella

    hey, it says that reloadable cards are excluded from the $40 off $40 offer at the bottom of the page.

    • Alli (Hip Sidekick)

      Thanks so much for pointing that out, Ella – the post has been updated! šŸ’•

  2. Teresa

    Iā€™m not sure where to share that. I got a $20 off $125 purchase in my target red card offers. So, I posted it on this thread. Thanks.

    • Jessica (Hip Sidekick)

      SWEET! Thanks for sharing, Teresa! šŸŽÆšŸ™Œ

  3. rainydayD

    I finally took the plunge and got the debit card šŸ™‚ My question is: the 40.00 of 40.00 or more coupon is it good twice, once in store and once on-line? I read that somewhere but it didn’t sound right. Thanks.

    • Jessica (Hip Sidekick)

      Hey there! It looks like in the photo of the coupon we received that it is a one-time use only coupon, that is valid in-store or online. Hoping that’s helpful and you enjoy your new Target debit card! šŸŽÆšŸ¤—

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