Update 8/19/24: Just a reminder that this offer is still around
Update 4/8/24: Deal is back; I can’t seem to find the expiration date on this one (ht reader Matt)
The Offer
- Get a coupon for $50 off a $50 qualifying purchase when you are approved for a debit or credit REDcard in-stores and at Target.com.
The Fine Print
- RedCard $40 offer: Get a coupon for $40 off a qualifying purchase over $40 when you are approved for a debit or credit RedCard™ in-stores and at Target.com between 11/1/20-12/26/20.
- The coupon will be mailed to approved cardholders with their RedCard and will be valid through 1/31/21.
- Excludes items sold & shipped by Target Plus™ Partners, alcohol, Apple products, Baby Alive Grow Up Baby, Barbie Dreamhouse & Camper, Bose, Cards Against Humanity, Casper, The Child action figure, CVS clinic & pharmacy, Cricut, dairy milk, DockATot, Disney Frozen Castle, DSLR cameras & lenses, Elf on the Shelf, Elvie, Fitbit, gift cards, Google, HALO Baby, Hasbro Games (Classic Monopoly, Connect Four, Jenga, Rubik’s Cube, Sorry, Trouble), Hot Wheels Ultimate Garage, HP, Imaginext Batcave, Infant Optics, JBL, LEGO, Levi’s Red Label, LG OLED TV, limited-time designer partnerships, Little People Rampway, L.O.L. House & Collector, Mega Bloks, mobile contracts, Motrin pain relief, NERF Ultra, Nintendo hardware and Switch games, Polder, Poo-Pourri, Peg Perego, Philips Avent, power shave, power dental, Harry’s and Flamingo, prepaid cards, PS4 hardware, Samsung TVs, simplehuman, Sonos, Sony Electronics, Target Optical, Traeger, Tylenol pain relief, Weber, What Do You Meme? and Xbox One hardware.
Deal History
- Update 2/4/24: Deal is back until May 4
- Update 12/8/23: Deal has been extended through 12/30
- Update 10/30/23: Deal is back from 10/29/23 – 12/9/23.
- Update 9/5/23: Deal is back 9/3 – 10/14; this time it’s back to $40. Just remember, they stopped allowing churning this card.
- Update 8/7/23: Deal is back 8/6/23 – 8/19/23, this time $50 off $50. Just remember, they stopped allowing churning this card.
- Target REDcard Churning Is Dead
- The Target REDcard $40 Quadruple Dip Is Dead
- Update 6/19/23: Deal is back and valid 6/18/23 – 7/22/23. They’ve gone back and now include the reloadable card in the deal
- Update 7/17/23:
If you close a card, you become eligible again for the $40 coupon after 90 days from when you last opened the card. - Update 4/30/23: Deal is back for April 30 – May 27, 2023. Here is the ad link (find it at the end). (ht Tom MacDonald) This time they are requiring a coupon via Target Circle to get the deal which means it no longer works twice. Also notable, they exclude the Reloadable card now from earning the $40 coupon.
- Update 3/3/23: Deal is coming back beginning Sunday March 5th and through April 8th, 2023. Here is the ad link.
- Update 12/30/22: Deal is back and valid 1/1/2023 – 1/14/2023
- Update 8/6/22: Deal is back and valid from 8/7/22-8/27/22.
- Update 4/3/22: Deal is back and valid until 4/3/2022-4/16/2022.
- Update 1/2/22: Deal is back from 1/2–1/15. Hat tip to Amber
- Update 5/2/21: Deal is back for May 2nd through May 29th. (ht Loren and ieatdogfood)
- Update 3/7/21: Deal is back for March 7th through April 3rd. Hat tip to reader Yaro
Our Verdict
This is a regular offer and one of the best offered for REDcard, previous offers can be viewed here. Sometimes we see $50 off, but that requires $100 in spend. Sometimes you can also get $4 via Swagbucks as well but not currently available. There is no hard pull for the debit card or reloadable card.
It seems Target now allows opening the card again every 180 days. If you closed out an old card and it’s been more than 180 days since opening the previous card, they should approve you for a new one. (Previously it was every 90 days.)
I saw the terms now say “you’ll have at least 30 days to use the $50” coupon.. apparently it says on Target Circle.. how long was the expiry for people here? Did you get 30 days or longer?
what is the actual expiration date of cpn vs date of application? Recent data pts appreciated
I applied 8/20, received everything a week later. Had a 12/2/24 expiration date.
Summer 
Zzcodi
that’s really helpf! thanks for sharing.. so it’s more than 30 days.. sounds like almost 45 days. I think they just load the $50 via the app now instead of doing the physical coupon like in the past?
I got the coupon but I’m not sure how this works. It asks me to scan a barcode and the $50 will be applied to my wallet. Do I need to go to a store to scan this? I tried with my phone and nothing works.
I have the same issue. I scanned the barcode on the app but it didn’t show up on my wallet.
In order for me to FIND my scanned coupon (it indicated it was accepted) in the app I typed in “$50” in the Search Target Circle search field. I found it and then I was allowed to use it. I clicked it on and off a few times and then it showed up in my Target Circle Bonus just for you.
It’s real intuitive.
Anyone know when this current round will expire? (or any guess)?
P1 app instantly approved. P2 application for debit card went into review (expect mail in 7-10 days). P2 had a debit card that was closed last year. She had to open a target online account this time before applying (which may be different this time).
50 is too weak vs the old days
Can you still double dip the coupon or is it one time use
same question
One time use
Another DP for the debit card. Previously opened 3/11, closed 8/5, approved 8/19.
Interesting – previously we had heard the need to wait 180 days, you were approved in less than that
Anyone else approved after less than 180 days?
The churn is still strong for the debit card. Previously opened 2/10, closed 7/10, approved 8/20. Similar timeline for P2.
Did you need to use a different bank account?
No. I’ve always used the same one.
Same bank account for debit card? (I donot know if reloadable needs that info)
Yes, same bank account for the debit card. I linked via Plaid/Affinity or whatever named service to Capital One.
I don’t recall linking a bank for the Reloadable. They give you an account number/RTN to transfer money to it….
I got a denial for using the same bank account for P2 as me, but I think it’s more for being under 180 days since last open
Ummm… Yes, more than likely. Only seen one data point that was less than 180 days recently and I’m pretty sure they ghosted the person asking questions about their date.
Hope SDubbs replies. I threshing dps
This time around, I used different bank accounts for both.
Zzcodi
Can you get the bonus from both the reloadable and the normal debit if you get approved for both?
Yes, but don’t delay… For the debit they mailed me the $50 voucher and by the time I grabbed the mail it had ready expired.
For the reload card I spent $50+ online then the store apparently didn’t have some items in stock (even though it let me place the order online)…so they had to break-up my order and ship to me. Because of this the $50 never registered so I never received the $50 credit.
I tried dealing with their awful outsourced customer service on both matters and they are completely useless and just want to argue with you. Also no one (in store or their direct customer service numbers) seems to know how these cards function and what the terms are.
Anyway, I’ll get off my soapbox now.
I got Approved for the Debit. Now how do I go about using the $50?