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Old Jun 13, 2013, 01:27 PM   #1
WhiteIphone5
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Target REDcard

What's the catch? You save your entire purchase 5% off. That's pretty nice, I've been interested in getting one but not sure why they would just give you 5% off. Thinking about pre-ordering PS4
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Old Jun 13, 2013, 01:35 PM   #2
Toppa G's
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Originally Posted by WhiteIphone5 View Post
What's the catch? You save your entire purchase 5% off. That's pretty nice, I've been interested in getting one but not sure why they would just give you 5% off. Thinking about pre-ordering PS4
It's a way to entice people to be loyal Target shoppers. As long as you pay your balance when it's due, there are no fees or additional charges.
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Old Jun 13, 2013, 02:24 PM   #3
mikes63737
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They're losing about 3% when you pay with a credit card, so they're really only giving you an additional 2% off. They probably make a few pennies back from the 22.9% interest rate....
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Old Jun 13, 2013, 03:52 PM   #4
WhiteIphone5
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It's a way to entice people to be loyal Target shoppers. As long as you pay your balance when it's due, there are no fees or additional charges.
When balance due? What if I use checking account and not credit card.
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Old Jun 13, 2013, 04:12 PM   #5
youngsunnz
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When balance due? What if I use checking account and not credit card.

I work for Target and the RedCard is so worth it. With the checking you have no fees at all none, but you save 5% on your everyday purchases, free shipping online, and 5% off starbucks in your target and target cafe. Not only that if you want to save a few more bucks, get pharmacy reward. Every 5 prescriptions you fill you get an addition 5% off of your purchase for 1 whole day.
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Old Jun 14, 2013, 07:06 AM   #6
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I work for Target and the RedCard is so worth it. With the checking you have no fees at all none, but you save 5% on your everyday purchases, free shipping online, and 5% off starbucks in your target and target cafe. Not only that if you want to save a few more bucks, get pharmacy reward. Every 5 prescriptions you fill you get an addition 5% off of your purchase for 1 whole day.

Sounds like your managers at Target have taught you well

I used to work there and refuse to get a red card on principle. I've seen the interest rates that some people get. It should be usury. And yes I realize with checking, there's no interest rate. But they're hoping to get you to go with the credit option and run up a bill at 30% interest.
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Old Jun 14, 2013, 07:14 AM   #7
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They're losing about 3% when you pay with a credit card, so they're really only giving you an additional 2% off. They probably make a few pennies back from the 22.9% interest rate....
That makes no sense. Target still has to pay the credit card processing fees on top of the discount they give you.
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Old Jun 14, 2013, 07:46 AM   #8
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My wife and I got one a few months back and went the debit route. It's been great so far. The only downside seems to be that sometimes it takes a little while for the debits to show up on the bank account.
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Old Jun 14, 2013, 08:18 AM   #9
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I used to work there and refuse to get a red card on principle. I've seen the interest rates that some people get. It should be usury. And yes I realize with checking, there's no interest rate. But they're hoping to get you to go with the credit option and run up a bill at 30% interest.
Or you could just pay off the balance every month and use the card for the 5% benefit. Just because someone has a credit card doesn't mean they are required to run up a bill and allow interest to collect. It's so easy to set up automatic payments so that no fees or interest are ever charged...I haven't had to actively do anything to manage my redcard payments for years.
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Old Jun 14, 2013, 08:57 AM   #10
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That makes no sense. Target still has to pay the credit card processing fees on top of the discount they give you.
When I worked at Red and Khaki Hell back in the day, to get our employee discount, we either had to pay by cash, gift card, or Target red card. We couldn't use regular credit and debit cards because of the processing fee, so that leads me to assume they get a discounted rate on the processing fee for their branded cards.

Or, you can have a buddy ring you up, get your exact total including tax and your discount, suspend the transaction, sell you a gift card for that exact amount that you could pay for with any payment method, then pull up the suspended transaction and pay for it with the gift card.
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Old Jun 14, 2013, 09:12 AM   #11
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That makes no sense. Target still has to pay the credit card processing fees on top of the discount they give you.
Target issues the cards through their own bank, Target National Bank.
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Old Jun 14, 2013, 05:10 PM   #12
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When I worked at Red and Khaki Hell back in the day, to get our employee discount, we either had to pay by cash, gift card, or Target red card. We couldn't use regular credit and debit cards because of the processing fee, so that leads me to assume they get a discounted rate on the processing fee for their branded cards.

Or, you can have a buddy ring you up, get your exact total including tax and your discount, suspend the transaction, sell you a gift card for that exact amount that you could pay for with any payment method, then pull up the suspended transaction and pay for it with the gift card.
Sheesh... Target Employee Problems!
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Old Jun 14, 2013, 05:33 PM   #13
youngsunnz
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Sounds like your managers at Target have taught you well

I used to work there and refuse to get a red card on principle. I've seen the interest rates that some people get. It should be usury. And yes I realize with checking, there's no interest rate. But they're hoping to get you to go with the credit option and run up a bill at 30% interest.
I'm actually a Target Manager and run day to day operations
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Old Jun 14, 2013, 06:50 PM   #14
senseless
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I'm not opening another credit card to get a "discount" and resent subsidizing those that do.
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Old Jun 14, 2013, 08:53 PM   #15
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I'm actually a Target Manager and run day to day operations
Ah, so you're from the same likes of people who berated me for not asking people if they'd like to open one of those stupid credit cards to save 5 cents on their purchase of a candy bar
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Old Jun 14, 2013, 09:45 PM   #16
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Who knew there was so much Target angst out there?

We use the debit option to save the 5%. Works for us. Adds up over time.
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Old Jun 16, 2013, 08:37 AM   #17
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Who knew there was so much Target angst out there?
I only go there because they're marginally better than Wal-Mart. I'd prefer to not go to either, but there aren't any mom & pop stores out there anymore.
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Old Jun 16, 2013, 01:07 PM   #18
Koodauw
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You also tend to spend more when paying with a card than cash. So they win there too.
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Old Jun 21, 2013, 06:15 AM   #19
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Still a great deal! It's like having a permanent coupon... even better deal when they offer sales on things like the itunes gift cards... $60 cards for $50 then get another 5% off of that ... I tie it straight to my checking account so that I don't have to use it as another credit card, just a debit card...
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Old Jun 27, 2013, 12:36 PM   #20
blakek
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it's a debit card people

links up with your checking account and you can only use it at Target

they have a credit card too but; think he's referring to the debit

it's awesome and totally worth it. bc it has no fees and it's free. you just use it like your debit card and save 5%
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