Update: It looks like you need to load a digital coupon to your Target Circle account to get the 10% discount. That makes it trickier to scale this deal as it requires having multiple Target Circle accounts.
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Target is running its annual sale on its gift cards by offering a 10% discount this weekend.
The Deal
- Save 10% when buying Target gift cards.
- Direct link to digital coupon.
Key Terms
- Offer valid December 5-6, 2020.
- Limit
$300$500 per customer. - Offer valid in-store and online.
- Category coupon.
- Offer valid for one transaction of 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.
Quick Thoughts
Target runs this deal during the holiday period each year, but it’s always great to see them bringing it back. This year it’s valid on both Saturday and Sunday, giving you more time to take advantage of the offer. Update: This year’s offer is even better as the limit is $500 rather than $300. Thanks to Jon for pointing that out in the comments below.
Target places a limit of $300 $500 per person and they enforce it as best they can. They’ve been known to wipe gift card balances in the past where they’ve identified people buying more than $300 $500, so don’t bother trying to buy in excess of that on the same account online.
If buying in-store, it’s best to only use a credit card once to buy these discounted Target gift cards because that seems to have been another way they’ve identified customers buying more than the specified limit of gift cards during one of these promotions in the past.
Speaking of cards, there are several cards offering bonused spend at Target right now. Discover is offering 5% this quarter, but only on purchases from Target.com, so in-store purchases won’t earn 5%. ABOC Platinum Rewards is also offering 5%, but they’ll give that for both in-store and online purchases.
Another option is a Chase Freedom/Freedom Flex card if you’ve not already maxed out your $1,500 allowance this quarter. Although Target isn’t an option for the Freedom card, PayPal is a 5% category and Target accepts payment by PayPal.
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[…] posted this deal earlier this week. To summarize, you have to first log into your account and activate the deal […]
I just got the target RED card. Can one use gift cards as payment and still get 5% discount on the red card ?
I don’t think you can buy their gift cards with gift cards. You can get a 5% discount on third party gift cards with your RedCard, but that doesn’t work on this offer unfortunately.
I was not clear. Can you pay with a target gift card and still get red card 5% discount benefit ? Planning to buy $500 gift card on my discover, $450 net cost plus $22.50 cash back on Discover and with red card another 5% on $500.
It doesn’t look like you can. The terms of the RedCard state the following:
If you use a RedCard in the same purchase transaction with another form of payment, the 5% discount will apply only to the purchase amount tendered to your RedCard.
Does anyone know if you buy these online, if you have the choice of getting the gift cards physically instead of electronically?
Yes – when looking at one of their gift cards, you have the option of getting it by mail.
Can you use target gift card to buy third party gift card such as best buy?
Unfortunately not.
Would discover 5% category for this quarter or AMEX Marriott 8 points bonus work for buying gift cards ?
Yes – both will work.
I assume this is a no, but will Target permit the gift cards to be purchased with existing Target gift cards (for instance, to take advantage of the 5x bonus on Ink for buying the gift cards at Staples)? Thanks.
I don’t think that’ll work. You can’t get a 5% discount by paying with a RedCard either.
$500. Not $300.
Ah, you’re right – thanks!
I assume I can try to do at least $50 via Paypal with a Discover point to get the bonus $10 from Paypal while also earning the 5% category and this 10% discount. Would I need to do Paypal Key to make that work? I have not thought it thru yet.
Yep, that’ll work with the Discover offer if you were targeted – that’s a great idea. You’d need to buy at least $56 worth of gift cards because any less than that would make the total less than $50 after the 10% discount and so wouldn’t be valid for the Discover/PayPal offer.
No need to use PayPal Key for that. In fact, I don’t think PayPal Key would work as it wouldn’t allow you to redeem at least 1 Discover point.
But without using paypal key it wouldn’t code as 5% cash back because it would code as paypal and not target right? But the $10 offer would apply… So no go on double dipping
Sorry, I was getting mixed up with Chase Freedom on the PayPal side. I don’t know if using PayPal Key would earn you 5% on a Discover card – I suspect not. It would therefore be best to do $56+ on a Discover card via PayPal for the $10 back offer, then the remainder of the $500 allowance in a separate transaction by paying directly with your Discover card.