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Target’s annual gift card promotion offering 10% off $500 in Target gift cards will be coming this Saturday (12/7/24) and Sunday (12/8/24), both online and in-store. These can obviously be worthwhile both for personal use and potentially for reselling, through we always caution folks who are tempted to try to exceed the limit.
The Deal
- Target is offering 10% off purchases of up to $500 in Target gift cards both online and in-store on 12/7 and 12/8
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- You must load the coupon to your Target Circle account before purchasing gift cards in order to get the discount
Direct link to this deal (not live until 12/7)
Key Terms
- Offer valid December 7-8, 2023.
- Must load Target Circle digital coupon before purchase.
- Transaction can include multiple Target gift cards.
- Offer valid for one transaction of up to $500 in Target gift cards ($50 maximum discount).
- Limit one coupon/offer per guest.
- Valid online & in-store.
Quick Thoughts
Target runs this deal every year and regular Target shoppers always get excited about the chance to save up to $50. You can load these gift cards to your Target wallet and use them on your phone to pay in-store, making them easy to use over time. Many people will find this worthwhile for personal use, particularly those who shop regularly at Target and/or are trying to, ahem, hit the target for minimum spend on a new credit card welcome offer. Note that you’ll need to load the coupon to Target circle before buying the gift cards.
If you don’t shop at Target regularly, this could still be useful depending on your resale avenues. I wouldn’t expect to turn much of a profit, but for many the chance to break even on a decent chunk of spend is appealing.
We don’t recommend trying to game this and exceed the per-customer limit. A few years ago, there were reports from people whose gift cards were zeroed out days after the promotion, which would be a huge headache.
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5% cash back on my Discover card on $450, Sweet !
does target restrict you from using target gift cards to buy third party giftcards?
Good Question!……………………Stephen?
I assume this can be done with Paypal for double dipping with the Chase Freedom 5X bonus?
I’ve bought several Target gift cards this quarter with Paypal for the 5X Chase Freedom bonus.