It’s Back! Get Up to $160 in Free Spend At Target with REDcard Bonus

Target REDcard Bonus

The Target REDcard bonus is back again this month! This time around Target is offering $40 off a $40 purchase. It is simply $40 free if you sign up for their debit card. If you have had the card before but closed it you should be eligible again. And besides the debit card, there’s also a Reloadable card, which gives another bonus opportunity. Let’s check the details.

Target REDcard Bonus Details

Here are the terms of the deal:

• Get a $40 off coupon a purchase of $40+ when approved for a credit, debit or reloadable RedCard
• Offer valid 03/05/23–04/08/23
• The coupon will be mailed to approved cardholders with their REDcard and will be valid until 5/8/23.
  • I can confirm it is possible to double dip these coupons as well for $80 off.
• Earn 5% back on all future Target purchases with your REDcard.

Offer Link

I have taken advantage of a similar deal in the past.  I don’t think you can have 2 debit REDcards though. But if you close your Target debit card first you should be able to reapply. Plus you can separately apply for the debit and the reloadable card, and get the bonus twice. That’s a total of $160 in free spend, and no hard pull.

Final Thoughts

If you shop at Target often and have never done one of these deals this is a good offer. We have seen better in the past though.

There are three option to choose from; a credit card, debit card and a reloadable card. The credit card would result in a hard pull, which is not worth $80 bucks. But  the other two cards are a good way to get a total of $160 in free spend at Target and save 5% on most purchases.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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