Target is currently offering a coupon good for $40 off of $40 or more when you open a new Target RedCard until 10/8/22. It 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 $40-80 off a purchase of $50 or more when you open a new Target REDcard between 9/18/22 and 10/8/22. Note that this applies to both the debit or credit card, but we only recommend doing the debit card deal.
- 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 9/18/22 and 10/8/22.
- The coupon will be mailed to approved cardholders with their RedCard and will be valid through 112/7/22.
- Excludes alcohol, Apple products, Baby Alive Grow Up Baby, Barbie (Camper, Dreamhouse, Dreamplane, Malibu House and Townhouse), Beats Powerbeats Pro, Beats Solo Pro, Bose, Cards Against Humanity, Casper, The Child action figure, clinic & pharmacy, Cricut, dairy milk, DockATot, Dockers, Disney Frozen Castle, DSLR cameras & lenses, Dyson, Elvie, Facebook Oculus and Portal, face masks (Dolan, Sanctuary & Sugar Fix brands), Fitbit, gift cards, Google, HALO Baby, Hasbro Games (Classic Monopoly, Connect Four, Jenga, Rubik’s Cube, Sorry, Trouble), Hatch Maternity, Hot Wheels Ultimate Garage, HP Inc., Infant Optics, Instant Pot, JBL, LEGO, Levi’s Red Label, LG OLED TV, limited-time designer partnerships, Mega Bloks, mobile contracts, Motrin pain relief, Nerf Ultra, Ninja, Nintendo hardware and Switch games, Polder, Poo-Pourri, Peg Perego, Philips Avent, power shave, power dental, prepaid cards, PlayStation consoles and accessories, Revival, Samsung TVs, simplehuman, Sonos, Sony Electronics, Target Optical, Tempur-Sealy, Traeger, Tylenol pain relief, Unlocked phones, Vera Bradley handbags, Weber, What Do You Meme?, Xbox consoles and accessories, and the Zoe Doll.
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. While the win isn’t huge, it’s churnable and the $40 off $40 coupon works both online and in-store, meaning that you can get $80 worth of stuff for free. You’ll then be eligible future coupons again 90 days after you last opened it (requiring closing and re-opening the card).
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).
I used the $40 online and then tried it in-store too and the cops came a-knocking.
Be careful, soldier!
I used it in store FIRST and only then on line and it worked like a champ. YMMV
Can I use the debit card and the coupon for orders on target.com for same day delivery?
How long does it take to get the coupon?
What credit bureau does soft pull come from?
Before applying online, try store kiosk. They MAY sweeten the deal. Offer of $50 off and 10% for that days purchase. Cahiers and kiosk employees get incentives to push credit/debit cards.
Have to call in to cancel debit card?
Same question here. How can I cancel the debit card to requalify for fresh offers? I remember reading somewhere that I can click somewhere online. Thanks.
Just give them a call. That’s what I did 3 months ago and almost ready to jump back in now
Thanks, Alex. Will do that. I guess I’ll have to wait 90 days before re-applying.
Any chance this is shows on Chex report?
Mine came today with no coupon — just tons of the same flyers about scanning to add to wallet and activating. Saw a comment on DoC about the same. Will probably wait a couple days then send a message but what a pain.
True no hard pull for debit card but I think they still do soft pull so you have to remember to unfreeze your credit reports.
I think. I would love to be corrected, because, in my mind, this is a pain.
Thank for remainder about unfreezing credit reports.
Wait, the same coupon code works online and also at the store? Intentionally??
Last month when I signed up, I used the coupon online, then went into the store to use the coupon and it didn’t work. There must be a trick to make it churnable, which I haven’t been able to find. I signed up again for P2 this time and will see if the reverse order works: in store, then online.
DP: If target cancels your pickup order, the coupon will not be restored
I purchased 50$ worth of normal stuff using my coupon for pickup at a local store.
Target cancelled the order an hour in and I was unable to reorder 2 days later (coupon code invalid).
I just went to the store and got it applied at the cashier at least.
will the 50 off work for gift cards ?
nvm just saw the terms mentioned not working for gc