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Target Redcard questions

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Super Contributor

Target Redcard questions

I’m aware there’s a MasterCard version a store card version and I think a regular version. Can someone please confirm this? If so, there’s no inquiries or credit involved with the plain Jane redcard is there?
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:




Updated Oct 2020, unless otherwise noted.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 1 of 9
8 REPLIES 8
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Regular Contributor

Re: Target Redcard questions

I know there is a Redcard credit card and a Redcard debit card.  There may also be a Redcard MC/Visa though I am not positive.  There is a credit check if you want the Redcard credit card.  I, personally have the debit card though I don't remember having a credit check done for the debit version.  Hope this helps.

Starting Scores (9/19): EQ - 474/TU - 528/EX - 502
Current Scores (10/20): EQ - 619- TU - 611/EX - 637
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Message 2 of 9
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Valued Contributor

Re: Target Redcard questions

I am assuming by "plain Jane" you mean the debit card? If so, then no there is no inquiry on your credit to get this card. You need to link your bank account. When you pay the funds are pulled directly from your linked bank account.

Message 3 of 9
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Super Contributor

Re: Target Redcard questions

To be honest I didn’t even know that it was a debit card. I just knew they had a MasterCard a store card and then they said a redcard so I didn’t know if it was debit or what so that’s why I was seeking the knowledge of the forum.

Thank you for responding and educating me.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:




Updated Oct 2020, unless otherwise noted.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 4 of 9
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Frequent Contributor

Re: Target Redcard questions

The credit version can also be upgraded to a MC by the issuer (TD Bank) if they determine an account to be worthy. Cannot be requested by a customer.









Message 5 of 9
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Super Contributor

Re: Target Redcard questions

Yeah I’m looking for the 5% off without having to open a new credit account. The debit card will get a 5% off still right?
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:




Updated Oct 2020, unless otherwise noted.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 6 of 9
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Frequent Contributor

Re: Target Redcard questions


@Birdman7 wrote:
Yeah I’m looking for the 5% off without having to open a new credit account. The debit card will get a 5% off still right?

Yes, that's the way to go to get the discount without the HP and new account









Message 7 of 9
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Moderator Emeritus

Re: Target Redcard questions

@Birdman7
Re: Target Redcard questions
Yeah I’m looking for the 5% off without having to open a new credit account. The debit card will get a 5% off still right?

Do you want to expose your banking relationship to Target Stores? You know as well as anyone about their outstanding system security! Com'mon!
Starting Score: 300
Current Score: 850
Goal Score: 850


Take the myFICO Fitness Challenge
Message 8 of 9
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Super Contributor

Re: Target Redcard questions

Yes that was the next implication I was thinking of. I thought the regular card was just a discount card that kept points I didn’t realize it was a debit card until members educated me. I’ve got some thinking to do now.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:




Updated Oct 2020, unless otherwise noted.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 9 of 9
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