Target: $50 off $50 spend with new Target Circle Debit or Reloadable Card

Target is currently offering a coupon good for $50 off of $50 or more when you open a new Target Circle debit card, credit card or reloadable card.

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 or the reloadable card since that card has no fee or hard pull — making this a free and easy $50+ win for Target shoppers.

Unfortunately, Target has added lifetime language to the reloadable card’s terms, indicating that each Target Circle account is only eligible for one bonus per lifetime.

The Deal

• Target is offering $50 off a purchase of $50 or more when you open a new Target Circle card.
  • This applies to the reloadable, debit or credit card, but we don’t recommend doing the credit card deal.
  • No expiration date listed

Direct link to offer

Key Terms

Credit/Debit

• Target Circle™ Credit & Debit: Get a coupon for $50 off one future qualifying purchase over $50 when you are approved for a debit or credit Target Circle™ Card in-store or at Target.com.
• The coupon will be mailed to the approved cardholders with their Target Circle™ Card. 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.

Reloadable Card

• To receive a $50 statement credit for the Target Circle Card Reloadable Account (previously RedCard Reloadable Account), you must successfully register online at targetcirclereloadable.com for a new account, then activate the personalized card once received in the mail and spend $50 (net of reversals/returns) at Target (“$50 transaction”) with your activated personalized card within 45 days of registration (Note: purchases made with a virtual temporary card will not qualify).
• The statement credit will be posted to the account within 30 days of the $50 transaction.
• The $50 transaction must occur in one transaction at a Target location or at target.com; if you get cash back at the register during your purchase, the transaction will not qualify for this promotion.
• Limit one (1) acquisition credit per guest in their lifetime for both RedCard Reloadable Account and Target Circle Card Reloadable Account. 

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 now has to be uploaded to an online Target Circle account, 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.

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