If you want to be able to shop at the best prices, using a credit or debit card can give you the flexibility you need. You can control your purchases with a debit card as well as a credit card. But what if you don't want to limit yourself to one or the other? You can use both your debit and credit cards at the same time to get a chance to save more money.
The Target REDcard program provides both credit and debit card options with a discount card. With a Target REDcard, you will receive a 5 percent discount on all Target purchases you make both in store and online. This discount applies to major brands within Target stores, including any in-house coffee or pastry shop. Cardholders also have an extra 30 days to return gifts and get free standard shipping on most Target purchases.
Both types of cards have a variety of rewards and benefits. You can get a hefty discount at many Target stores once you have a Target credit card. Plus, you will only pay an annual fee instead of a set annual percentage rate for balance transfers. This means that you will be saving even more on everyday products.
You can use your Target credit card to purchase larger items and then pay the balance before the date due indicated on the card. This can save you money by reducing the amount of interest you will pay. You can also use your credit card to reduce your monthly payment by up to five percent. These discounts are available at Target stores both in-stores and online.
If you have had your account at least six months, but not more than a year, you may qualify for a discount at Target. All new applicants, including existing cardholders, can apply for a discount. The new applicants must be able to show proof of their income and household expenses. In addition, Target will review your application, make sure it is accurate, and process it. Target will then notify the cardholder of any potential discounts.
You can enjoy rewards and perks at Target in addition to rewards on purchases with credit cards. Target offers a loyalty program that allows you to earn five dollars in reward value every time you make a purchase at their restaurant. The same cannot be said for their debit cards. You cannot earn points or cash back with a debit card. However, Target does offer a twenty-five day grace period for charges made using these cards. These purchases are also eligible for rebates on certain items.
Target's rewards credit cards are accepted at over one hundred and twenty-four restaurants in the United States. You can be sure that you will find a restaurant in your local neighborhood that accepts this credit card. In order to receive the best benefits, make sure you pay off your balance in full each month. This ensures that your credit score will remain high. You can also enjoy additional incentives and rewards by increasing your credit card limit, as well as increasing the amount of your payments that you make monthly.
If you currently have a low credit score, there are steps you can take to improve your credit score. Your most important task is to avoid any purchases that will result in a high interest rate. If you already have a high credit limit, you can use your credit card as much as possible to pay down your balance and keep your payment history at a reasonable level. If you are unable to manage your credit, use a lower credit score while you are working to improve your credit score.