Target REDcard 5% Off, $40 off $40+ Coupon For New Approvals

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards and may receive a commission. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

$40 off $40 coupon is back. We’ve become regular users of the Target app and their Drive-Up option. No markups, well-organized, dedicated parking area, and minimal waiting. I expect to keep using this curbside pickup service even beyond the pandemic. If only Costco had a similar service!

The Target REDcard offers 5% off all Target purchases both online and in-store (Target gift cards excluded, in-store Starbucks included) and free 2-day shipping on qualifying items. No annual fee. From May 1st through May 28th, newly approved REDcard applicants can receive a $40 off $40+ coupon (valid in-store or online) along with their new card in the mail. There are a bunch of restrictions (see below), but I can easily spend $40 on snacks and other household goods.

Debit card version. A lesser-known fact is that you can get it as a debit card such that it withdraws money directly from your linked bank account, and applying for it won’t harm your credit score (nor hinder your ability to apply to other, more lucrative credit cards). Instead of a credit check at one of the 3 major bureaus, a reader reports that Target uses SageStream (formerly ID Analytics) for debit cards, another consumer reporting agency.

If you don’t want to use a REDCard, Target Circle offers 1% cash back on top of your usual credit card rewards.

You can earn 1% to redeem at Target later when you use non-RedCard payment types on eligible purchases. (To earn 1%, a RedCard can’t be used for any portion of the purchase.) Just scan Wallet in the Target app or enter your mobile number in store, or make a purchase online. Restrictions apply.

Here’s the full list of restrictions on that $40 off $40 coupon.

RedCard $40 offer: Get a coupon for $40 off an over $40 qualifying purchase when you are approved for a debit or credit RedCard in-stores and at between 5/2/21-5/29/21. The coupon will be mailed to approved cardholders with their RedCard and will be valid through 6/26/21. *Excludes items sold & shipped by Target PlusTM Partners. Excludes alcohol, Apple products, Baby Alive Grow Up Baby, Barbie (Camper, Dreamhouse, Dreamplane, Malibu House and Townhouse), Beats Powerbeats Pro, Beats Solo Pro, Bose, Cards Against Humanity, Casper, The Child action figure, CVS clinic & pharmacy, Cricut, dairy milk, DockATot, Dockers, Disney Frozen Castle, DSLR cameras & lenses, Dyson, Elvie, Facebook Oculus and Portal, face masks (Dolan, Sanctuary & Sugar Fix brands), Fitbit, gift cards, Google, HALO Baby, Hasbro Games (Classic Monopoly, Connect Four, Jenga, Rubik’s Cube, Sorry, Trouble), Hatch Maternity, Hot Wheels Ultimate Garage, HP Inc., Infant Optics, Instant Pot, JBL, LEGO, Levi’s Red Label, LG OLED TV, limited-time designer partnerships, Mega Bloks, mobile contracts, Motrin pain relief, Nerf Ultra, Ninja, Nintendo hardware and Switch games, Polder, Poo-Pourri, Peg Perego, Philips Avent, power shave, power dental, Harry’s and Flamingo, prepaid cards, PlayStation consoles and accessories, Samsung TVs, simplehuman, Sonos, Sony Electronics, Target Optical, Tempur-Sealy, Traeger, Tylenol pain relief, Unlocked phones, Vera Bradley handbags, Weber, What Do You Meme?, Xbox consoles and accessories, and the Zoe Doll.

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards, and may receive a commission from card issuers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

User Generated Content Disclosure: Comments and/or responses are not provided or commissioned by any advertiser. Comments and/or responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.


  1. No Target near us. However, I think we have a better deal at our Fred Meyer, which is part of Kroger. No extra charge for pickup, 1% back in form of credit mailed out quarterly, fuel points, and 5.25% back on B of A cash back card. When ordering for pickup, the charge goes through as an online purchase, a 3% category, and we get 75% bonus. In store only get 3.5% (2% plus 75% bonus). So, it is better for us to order online and pickup. Never had a problem with an order and they are quick delivering to you car.

Leave a Reply to Jonathan Ping Cancel reply