Apply For A Target RedCard & Get $40 Off $40+ Purchase

Target is offering a promotion that will give you a $40 off coupon on your future purchase of $40 or more when you apply for a Target RedCard.

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What is a Target RedCard?

The Target RedCard comes in two versions, a credit card or debit card, that offers cardholders the following benefits:

  • Save 5% every time you shop at Target in store and online
  • An additional 30 days for returns and exchanges
  • Free shipping on most items at Target
  • Target exclusives (special items, gifts, and offers)
Target RedCard 5% discount benefit
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Target RedCard Promotion

Target is trying to get more shoppers to be a loyal cardholder. From April 30 to May 27, when you apply for either the Target RedCard credit card or Target RedCard debit card, you’ll get a coupon for $40 off a qualifying purchase of $40 or more.

I would recommend the debit card and not the credit card version. The credit card version requires a hard inquiry on your credit report and I wouldn’t do it for $40. Get the debit card instead – it won’t affect your credit score.


Target RedCard $40 off $40+ offer
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Target RedCard $40 Off $40+ Terms & Conditions

  • Get a coupon for $40 off a $40+ qualifying purchase when you are approved for a debit or credit RedCard in-stores and at between 4/30/23-5/27/23.
  • The coupon will be mailed to approved cardholders with their RedCard and will be valid through 6/26/23.
  • Excludes items sold & shipped by Target PlusTM Partners, alcohol, Apple products, Barbie Dreamhouse, Bose, Casper, clinic & pharmacy, dairy milk, DockATot, Disney Frozen Castle, DSLR cameras & lenses, Elvie, Fitbit, gift cards, Google, HALO baby, Hasbro games (Classic Monopoly, Connect Four, Jenga, Rubik’s Cube, Sorry, Trouble), Hot Wheels id, HP, Infant Optics, JBL, LEGO, Levi’s Red Label, LG OLED TV, limited-time designer partnerships, Mega Bloks, mobile contracts, Motrin pain relief, Nerf Ultra, Nintendo hardware and Switch games, Polder, Peg Perego, Philips Avent, power shave, power dental, Harry’s and Flamingo, prepaid cards, PS4 hardware, Samsung TVs, simplehuman, Sonos, Sony electronics, Target Optical, Thomas and Friends Wood, Traeger, Tylenol pain relief, 23andMe, Weber, and Xbox One hardware.

The Bottom Line

Target has promoted the Target RedCard in the past with the same $40 coupon discount. Helpful for those who shop at Target a lot.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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3 years ago

I need a a target gift card but also I’d like to purchase a tablet right now with funds from my cash app

3 years ago

Thanks for this! Googles for Target savings and this popped up. I love the rest of your site too Money Ninja.

3 years ago

Thank you, Ninja! I’m glad I googled for a discount when I got home instead of applying in store when a cashier asked. It doesn’t hurt to wait and investigate.

Sal Ami
Sal Ami
2 years ago
Reply to  Beavis

Make sure to share with Butthead.