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Target Red Card 5% off every purchase
12-24-2010, 01:11 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Posts: 1,891
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Target Red Card 5% off every purchase
Hi,
I use my costco Amex for 90% of my purchases and love getting my cash back in February! I have a "back up" visa for purchases where amex is not accepted.
I pay my amex off each month in full (the back up visa too of course)...no cc debt for me!
I've never accepted offers for store-based cards but the Target Red card has my attention - they are offering 5% off every purchase, every day.
I spend an average of $400 a month there on groceries and household items.
Any reason not to get this card? Only drawback is having an additional card to pay...
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12-24-2010, 01:47 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,660
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IMOH, the biggest drawback to store cards is that opening a new account can pull down your credit rating a bit, owing to a) the credit inquiry and b) lowering the average age of all your accounts.
But for $20 a month, I'd risk it!
Amethyst
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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12-24-2010, 02:01 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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I have one of these in the back of a drawer somewhere. I got it because there was 10% off of the purchase when you open the card and I had a $200 item. After that it was of no benefit to me and I never used it again.
I saw the sign at Target that it's now worth 5% off of all purchases. I need to see if my card is still good.
I don't buy a lot at Target. I switch off between Target and Walmart for some non-food grocery purchases like paper goods, vitamins and cleaning supplies. I like their towels and sheets, too. And small appliances.
Later.... I found my old Target card and it's a Target Guest Card - from 2001. They no longer use this so I'll have to decide if it's worth it to get the new Red Card.
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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12-24-2010, 04:35 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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I guess its ok if it works for you. I haven't bought anything at our local Target in quite some time. I personally believe that these deals just get you to spend more money overall. My plan is to spend considerably less .
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12-24-2010, 06:23 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2009
Posts: 5,308
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Quote:
Originally Posted by foxfirev5
I guess its ok if it works for you. I haven't bought anything at our local Target in quite some time. I personally believe that these deals just get you to spend more money overall. My plan is to spend considerably less .
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Around here, at the Super Target, their prices are quite low considerably below most other grocery stores and on par with HEB (some items lower, a few higher). The selection is not as good so I can't do all my grocery shopping there. But I certainly do save money buying groceries there. Hmmm...maybe I should get the Red Card.
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12-25-2010, 07:25 AM
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#6
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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It used to be that if you purchased a certain amount with your target card you would get a coupon worth 10% off of any purchases in one day, including at the pharmacy. Now, it is 5% off all the time, which covers most things purchased with the card at the store, but not at the pharmacy. For every five prescriptions filled at the pharmacy you get a 5% off certificate to use elsewhere in the store. So, none of the discounts apply to pharmacy purchases.
I used to use the target card to save money at the pharmacy but there isn't any point anymore. I keep target pharmacy so I can pick up drugs anywhere in the US. It's prices seem competitive with other chains like Walmart and Walgreens. I keep getting 5% off coupons but rarely use them.
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No more lawyer stuff, no more political stuff, so no more CYA
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12-25-2010, 01:36 PM
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#7
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Recycles dryer sheets
Join Date: Dec 2008
Posts: 299
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Quote:
Originally Posted by bright eyed
I spend an average of $400 a month there on groceries and household items.
Any reason not to get this card? Only drawback is having an additional card to pay...
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If you don't mind carrying one more card in your wallet, go for it. Ask if they have an auto-debit option. All my cards are on auto-debit. You never have to worry about the due date or late payments when you have auto-debit.
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12-25-2010, 11:43 PM
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#8
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Confused about dryer sheets
Join Date: Feb 2008
Posts: 4
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Target indeed offers a debit option. I got mine by asking a cashier. They ask for a voided check so the account can be linked to a bank checking account, and mail you the card a week or so later.
I've had the debit card for about two months. It's been great, no problems so far.
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12-26-2010, 02:18 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Posts: 1,891
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Thanks for the feedback everyone, I think I'll give it a try and see if there are any other drawbacks or the hassle isn't worth it (but seems like it is for now =D).
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If i think of something clever to say, i'll put it here...
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12-26-2010, 06:57 AM
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#10
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Full time employment: Posting here.
Join Date: Apr 2009
Posts: 939
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Does Target have an auto-pay feature? So the full balance gets paid automatically each month? I can do that with AMEX... I don't spend a lot at Target so I haven't gotten a card with them but...
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I used to be “Thinker25” here. Retired at 62, now 73 (in 2021), no regrets & single again. I love it. I’m in RI.
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12-29-2010, 01:46 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Posts: 1,891
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I don't know about all their payment features yet - but got the card today - signing up was via the little card slider terminal, and pretty painless as these things go (no writing your name in all caps on those silly spaces on a brochure type thing), instantly approved...used on the purchase and saved over $7 today...
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