I have taken advantage of a similar deal in the past. I don’t think you can have 2 debit REDcards though.
If you shop at Target often and have never done on of these deals this is a good offer. We have seen better in the past though. I would go with the Debit card since it shouldn’t come with a hard pull or anything so you save a Chase 5/24 slot. Plus you have the card for ongoing savings at Target.
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.