For those who shop for everything at Target — food, clothes, household essentials — the perks on the Target Circle™ Credit Card hit the bull's-eye.
Issued by TD Bank, the $0-annual-fee card gets you a 5% discount on all eligible Target purchases, which means you don’t have to wait to redeem rewards; you’ll get savings right at checkout.
Because the Target Circle™ Credit Card carries high ongoing interest rates, it’s not a good fit for folks who are planning to spend time, well, in the red. But for those who pay their bills in full every month and are looking for some extra savings, it’s worth getting.
🤓Nerdy Tip
Target has several Circle products, all of which offer the same 5% discount on eligible Target purchases: the Target Circle debit card, Target Circle Mastercard and Target Circle™ Credit Card. This review focuses on the Target Circle™ Credit Card, a closed-loop credit card that can be used only at Target.
Target Circle™ Credit Card: Basics
Card type: Store.
Ongoing rewards: 5% discount on all eligible Target purchases.
Annual fee: $0.
Other benefits:
Exclusive offers, gifts and early access to promotions.
Free standard shipping (and free two-day shipping on qualifying items).
30 days of extra time to return purchases.
Credit score requirement: You can qualify for the Target Circle™ Credit Card with good to excellent credit, generally defined as a credit score of 690 or better. As with all credit cards, though, credit scores alone are not enough for approval. The issuer will consider your income and other factors.
Because the card's 5% discount is applied at checkout, you don't need to worry about accruing and redeeming rewards on this card; you'll get your savings upfront. The 5% discount doesn't apply to certain purchases, though. For example, you won't get a 5% discount on prescriptions, Target Optical eye exams, or Target gift cards and prepaid cards. For a full list of exclusions, see the card's terms and conditions.
