Target: $50 off $50 spend with new RedCard Debit Card

Target is currently offering a coupon good for $50 off of $50 or more when you open a new Target RedCard by 5/4/24.

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 $50+ win for Target shoppers.

The Deal

• Target is offering $50 off a purchase of $50 or more when you open a new Target REDcard before 5/4/24. Note that this applies to the reloadable, debit or credit card, but we don’t recommend doing the credit card deal.
• Direct link to offer

Key Terms

• RedCard Credit & Debit: Get a coupon for $50 off one future qualifying purchase over $50 when you are approved for a debit or credit RedCard in-store or at Target.com.
• The coupon will be mailed to the approved cardholders with their RedCard.
• You will have at least 30 days to redeem the coupon. See exact coupon expiration date on the back of the coupon.
• Must upload coupon to Target App and be fully enrolled in Target Circle™ to redeem coupon prior to the end of the coupon expiration date.
• Excludes items sold by Target Plus™ Partners, alcohol, Apple products, Barbie camper and houses, Beats, Black History Month, Bose, Bratz Collector and Designer Dolls, Breville, Bullseye’s Playground, Cards Against Humanity, Casper, clinic & pharmacy, Cricut, dairy milk, Disney Princess Castle, Do-a-Dot, Doona, 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, Kendra Scott, Latino Heritage Month, LEGO, Levi’s Red Label, LG OLED and QNED TVs, Lights From Anywhere (Junior), limited-time designer partnerships, Lovevery, Marvin’s Magic Drawing Board and Pens, Mega Bloks, Meta Oculus and Portal, mobile contracts, Motrin baby, Nintendo hardware and Switch games, Polder, Philips Avent, Plan B, power shave, power dental, prepaid cards, Play-Doh Ice Cream Truck Playset, PlayStation – consoles, virtual reality and accessories, Pride, Revival, Samsung TVs, Shipt Membership, simplehuman, Sonos, Sony Electronics, Take Action, Target Optical, Tempur-Sealy, Trading Cards, Tylenol (and baby) pain relief, Ulta Beauty at Target Brands, Umbrellas, 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 $50 off of $50 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, but 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 also requiring that the coupon be uploaded to the Target app and the recipient be fully enrolled in Target Circle. Previously, the coupon worked both online and in-store, meaning that you could get $100 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 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 $50 coupon).

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