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Target’s annual gift card promotion offering 10% off on Target gift cards is happening today (12/3/22) and tomorrow (12/4/22). You can save 10% on up to $500 in Target give cards both online and in-store. These can obviously be worthwhile both for personal use and potentially for reselling, through I urge caution if you’re tempted to try to exceed the limit.
The Deal
- Target is offering 10% off on Target gift cards both online and in-store on 12/3 and 12/4/22 only
- Direct link to this deal
Key Terms
- Limit one coupon/offer per guest.
- Offer valid for one transaction up to $500 in Target GiftCards ($50 maximum discount) at Target or Target.com per Target Circle account.
- Transaction can include multiple Target GiftCards.
- Offer is redeemable only through Target Circle.
- No returns on Target GiftCards.
- Offer does not include Visa Gift Cards, Mastercard Gift Cards, American Express Gift Cards and gift cards issued by other retailers such as dining, lifestyle and entertaining gift cards.
- Offer excludes reloads of previously purchased Target GiftCards, Target GiftCards given in exchange for electronic or prepaid trade-ins, Target GiftCards provided for merchandise returns, Merchandise Return Cards and Target GiftCards provided as free promotional card with qualifying purchase.
- Quantities limited; no rainchecks.
- Purchases of Target GiftCards that exceed certain transaction limits may be voided.
- If the GiftCard transaction exceeds $500, the $50 maximum discount may be proportionately allocated across all GiftCards in the transaction.
- Terms and conditions apply to gift cards.
- No other same department/category coupon will apply.
- Percent off coupon will apply to all qualifying items in transaction.
- Void if copied, scanned, altered, transferred, purchased, sold or prohibited by law. Item(s) may not be available at all stores. No cash value.
Quick Thoughts
Target runs this deal every year and regular Target shoppers always get excited about the chance to save up to $50. You can load Target gift cards to your Target wallet and use them on your phone to pay in-store, which means they are very easy to use over time. A lot of people will find this worthwhile for personal use, particularly those who shop regularly and Target and/or are trying to, ahem, hit the target in terms of minimum spend for a new credit card welcome offer.
If you don’t shop at Target regularly, this could still be useful for resale depending on your resale avenues and relationships. I wouldn’t expect to turn much of a profit, but for many the chance to break even on a decent chunk of spend is appealing.
Note that you’ll need to load the coupon to Target circle. I wouldn’t recommend trying to game this and exceed the per-customer limit. A few years ago, there were reports from people whose gift cards were zeroed out days after the promotion, which would be a huge headache.
Whether you buy in-store or online probably won’t matter much since there aren’t typically category bonuses for Target. The one exception might be that those with the U.S.Bank Altitude Reserve since that card earns 3x on in-person mobile wallet payments. If you used that card in-store with something like Google Pay or Apple Pay, you would earn 3x, which is worth 4.5% back towards travel. Beyond those two cards, the options that might trigger some sort of bonus category are pretty limited. Your best “everywhere else” card is probably your best bet.
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a downside of this is that if you Target Red Card, using the gift card to pay for something online wouldn’t qualify you for the Target Red Card free shipping, and 5% off. In the end, it’s only 5% additional off, while losing the free shipping benefit, if you have the Target Red Card. It’s not worth the hassle and the risk of potential issues with the gift card, unless you have something to buy that will immediately deplete the $500.
Discover has mobil wallet Q4 and I’m in my first year so that was 10% off in person or 19% overall (10% + 10%) if you don’t count the couple percent I could have gotten on my usual cards.
Thanks to the comments I went Paypal and split payment with CFF for Q4 5% and CitiDC (Citi has an offer $20 off a $200 Paypal purchase). $300 GC for $250 plus the Chase points.
Susan, thank you for reminding us about that Citi Paypal offer. I’m going to use it for this!
I use Target Red card for Target shopping, 5% discount every time. So this promotion nets only 5%. What am I missing ? May be if it codes as online shopping and use my BAC cash reward card and get another 5+%.
VIS you shouldn’t use your target card for this purchase.
Use a 2x or 2% credit card. You get 2% cashback plus 10% off savings. Then 1% cashback in your target circle. Use any rewards card other for this but not the Target card.
Thanks for the tip! I just bought a $277.78 gift card for $250 using a Visa gift card I got on GiftCards.com recently at the 5% discount.
Can you use a debit card from giftcards.com or Staples/OD to pay for the Target cards?
yep, worked for me!
I’m surprised you didn’t mention paying with the Target credit card for 5% back.
GC don’t qualify for 5% with the target CC
Paid with paypal+freedom and it worked out for me. Great if you haven’t max out the 5x freedom yet.
Yes, surprised Nick missed this option for paying…I did the same. Also Discover has 5% back for digital payments this quarter I believe.
Yup. Discover It! That’s what I am hoping to do tomorrow.