(EXPIRED) $40 off $40 at Target w/ new RedCard Debit Card

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Target is currently offering a coupon good for $40 off of $40 or more when you open a new Target RedCard by 10/14/23. It probably isn’t worth doing this deal for the credit card, but it could be a nice deal if you’re opening the debit card since that card has no fee or hard pull — making this a free and easy $40 win for Target shoppers.

The Deal

  • Target is offering $40 off a purchase of $40 or more when you open a new Target REDcard between 9/3/23 and 10/14/23. Note that this applies to both the debit or credit card, but we only recommend doing the debit card deal.
  • Excludes Reloadable cards.
  • Direct link to ad
  • Direct link to debit card page

Key Terms

  • Get a coupon for $40 off an over $40 qualifying purchase when you are approved for a debit or credit RedCard in-stores and at Target.com between 9/3/23 and 10/14/23.
  • The coupon will be mailed to approved cardholders with their RedCard and will be valid though 11/13/23. Must upload coupon to Target App and be fully enrolled in Target Circle to redeem coupon.
  • Excludes alcohol, Apple products, Barbie camper and houses, Beats Fit Pro, Beats Flex, Beats Powerbeats Pro, Beats Studio Buds, Black History Month, Bose, Bratz Collector and Designer Dolls, Bullseye’s Playground, Cards Against Humanity, Casper, clinic & pharmacy, Cricut, dairy milk, DockATot, Dockers, Do-a-Dot, DSLR cameras & lenses, Dynamic Coins, Dyson, Fisher Price Laugh n Learn, Fitbit, Funko Standard Pop, gift cards, GilletteLabs Heated Razor Starter Kit by Gillette – 3ct, Google, Hair Appliances, HALO Baby, Hasbro Games (Classic Monopoly, Connect Four, Jenga, Sorry, Trouble), Healthy Roots Dolls, HP Inc., ICU reading glasses, Infant Optics, JBL, Latino Heritage Month, LEGO, Levi’s Red Label, Lights From Anywhere (Junior), LG OLED and QNED TVs, limited-time designer partnerships, Lovevery, Marvin’s Magic Drawing Board and Pens, Mega Bloks, Meta Oculus and Portal, mobile contracts, Motrin, Ninja, Nintendo hardware and Switch games, Polder, Philips Avent, Plan B, power shave, power dental, prepaid cards, Play-Doh Ice Cream Truck Playset, PlayStation consoles and accessories, Pride, Revival, Samsung TVs, Scratch Art, Shark, Shipt Membership, simplehuman, SI Thunder Glow Drone, Sonos, Sony Electronics, Svengali Magic Cards, Take Action, Target Optical, Tempur-Sealy, Trading Cards, Tylenol pain relief, Tylenol PM, Ulta Beauty at Target Brands, Unlocked phones, Vera Bradley handbags, Weber, What Do You Meme?, WonderFold.

Quick Thoughts

There are a bunch of exclusions above, but most regular Target shoppers will still find $40 off of $40 to be an easy bonus. You’ll then be eligible for future coupons again 6 months after you last opened it (requiring closing and re-opening the card). This deal used to be churnable every ninety days and target clamped down. Now, dp’s indicate that you must wait 6 months from closing a debit RedCard before Target will approve you for a new one.

Target is now requiring that the coupon be uploaded to the Target app and the recipient be fully enrolled in Target Circle. Previously, the $40 off $40 coupon worked both online and in-store, meaning that you could get $80 worth of stuff for free from one coupon. Since this will be uploaded to an online Target Circle account now, you have to scan it in store in order to use, spelling the end of the $80 online/in-store double dip.

I generally prefer to focus on larger bank account bonuses, but this is nonetheless an easy win and the deal is better still if you shop at Target regularly since the debit card gives you 5% off both in-store and online. There isn’t any benefit in opening the credit card over the debit card (and in fact that would be a pretty poor deal given so many credit cards on the market with offers that are much better than a $40 coupon).

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