Target rebranded its RedCard to the Target Circle Card on March 3, 2024.
The Target Circle Card actually comes in three versions:
- Debit Card
- Credit Card
- Reloadable Account
The Target Circle Credit Cards are issued by TD Bank. And while TD Bank hasn’t disclosed the minimum credit score required to get approved for their cards, they often create credit cards for those with good to exceptional credit scores: 670 to 800+ FICO score.
What Credit Score Do You Need for a Target Credit Card
Even though TD Bank creates credit cards for those with FICO scores of 670 and above, that doesn’t mean that you can’t get approved if you don’t meet this minimum score.
If you have a fair credit score (580-669 FICO score), you can still apply for a Target Circle Credit Card as long as you don’t mind a hard credit pull on your credit report. Just be sure to apply for the Target Credit Card and not the Target Mastercard.
If you have a poor credit score (579 and below), however, consider building your credit history with Cushion before applying for a Target Credit Card.
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What’s the Target Circle Card Credit Card?
The Target Circle Credit Card is issued by TD Bank and has an APR of 29.95% (varies with the market based on the Prime Rate). This credit card comes in two versions:
- Target Credit Card (Store Card)
- Target Mastercard (Open-Loop Card)
The Target Credit Card is a store card which means it can only be used at Target. While the Target Mastercard can be used anywhere, which also means that it’s more difficult to get approved for.
In terms of fees, the Target Circle Credit Card charges up to $41 in late fees and up to $30 in returned payment fees.
What are The Perks of a Target Credit Card?
Here are the perks of a Target Circle Credit Card:
- 5% off Target Purchases (includes in-store Starbucks purchases and specialty gift cards)
- No Annual or Monthly fees
- Free 2-day Shipping
- Exclusives and Offers
- Additional 30 days for returns and exchanges at Target
- 2% Cash Back on dining and gas purchases*
- 1% Cash Back on purchases outside of Target*
Note: Perks marked with * are Target Mastercard exclusives
Summary
The Target Circle Card Credit Card (known previously as the Target RedCard) comes in two types:
- The Target Credit Card is a store card and you likely need a Fair Credit Score (580+ FICO Score) to have a decent chance of getting approved for it.
- The Target Mastercard is an open-loop credit card, which means it can be used everywhere, and you’ll need to have a Good Credit Score (670+ FICO Score) to have a decent chance of getting approved for it.
