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Target RedCard Mastercard welcome bonus: $50 off a future $50+ shopping trip

Target is currently running a $50 off a future qualifying Target purchase over $50 when you get a new Target RedCard. There is no end date published on this promotion, but Target frequently changes its welcome bonus on this card. This is the best promotion that we’ve seen them run on this card.

The Target RedCard is one of the best cards to use for your Target purchases for its 5% discount.

Target RedCard Mastercard welcome bonus:

Save $50 on a future qualifying purchases of over $50 when approved for a credit or debit RedCard.

Our take on the welcome bonus: The Target RedCard frequently offers a similar bonus for new cardmembers. If Target isn’t currently offering a welcome bonus, just wait a few weeks and they’ll launch a new offer. $50 off of $50 matches the largest offer we’ve seen on this card.

The link above is a direct link. We don’t make any money when you use the link above, but we’ll always show you the best offer.

Target RedCard™ Mastercard card art

Target RedCard™ Mastercard at a glance:
Annual fee: $0
Rewards: 5% discount at Target and Target.com. 2% on dining and gas. 1% everywhere else.
Benefits: Free 2-day shipping at Target.com. Additional 30 days to return at Target.

About the Target RedCard Mastercard

Target RedCard™ Mastercard card art
Target RedCard™ Mastercard

The Target RedCard™ Mastercard offers a generous discount at Target and Target.com. The card carries no annual fee.

The RedCard’s flagship rewards come in the form of a 5% discount on most purchases at Target and Target.com. You’ll also get 2% on dining and gas purchases and 1% everywhere else you use the card. Rewards for spending on purchases outside of Target come in the form of a Target gift card, rather than cash back.

Cardmembers also get a few extra perks when shopping at Target and Target.com. These include an extra 30 days to return or exchange items you buy at Target and free 2-day shipping on hundreds of thousands of items at Target.com. The Target RedCard Mastercard has no annual fee.

For more on the Target RedCard Mastercard, check out our overview of the Target RedCard Mastercard.

Target RedCard Mastercard welcome bonus:

Save $50 on a future qualifying purchases of over $50 when approved for a credit or debit RedCard.

Our take on the welcome bonus: The Target RedCard frequently offers a similar bonus for new cardmembers. If Target isn’t currently offering a welcome bonus, just wait a few weeks and they’ll launch a new offer. $50 off of $50 matches the largest offer we’ve seen on this card.

The link above is a direct link. We don’t make any money when you use the link above, but we’ll always show you the best offer.

Target RedCard™ Mastercard card art

Target RedCard™ Mastercard at a glance:
Annual fee: $0
Rewards: 5% discount at Target and Target.com. 2% on dining and gas. 1% everywhere else.
Benefits: Free 2-day shipping at Target.com. Additional 30 days to return at Target.

My take on the welcome bonus

$50 off a $50 shopping trip is the highest offer I’ve seen on the Target RedCard Mastercard. A similar offer usually comes around every month or so, so I wouldn’t sweat it if you miss this one. But if you are a Target shopper, now is a good time to pick up this card.

Frequently asked questions

Is the Target RedCard Mastercard a credit card?

Yes. The Target RedCard Mastercard is a credit card that can be used outside of Target.

Does the Target RedCard Mastercard offer 5% cash back?

The 5% rewards of the Target RedCard Mastercard are offered as a 5% discount on Target purchases. You will receive your 5% discount at checkout, with no need to worry about cash back.

Does the Target RedCard Mastercard earn cash back?

No. When you use the card at Target, you’ll get a 5% discount on your purchase. If you use the card elsewhere to earn rewards, you’ll receive your rewards as a Target gift card.

About the author

  • Photo of Aaron Hurd, credit card and travel rewards expert.

    Aaron Hurd is a credit card, travel rewards, and loyalty program expert. Over the past 15 years, he has authored over a thousand expert contributions published by leading outlets including WSJ, TIME, Newsweek, Forbes, NerdWallet, The Points Guy, Bankrate, CNET, and many others. He has also served in consulting roles for many of these same outlets, designing content strategy, hiring teams of teams of editors and contributors, developing thought-leadership pieces, and ghost-editing for senior editors. Aaron is well-known in the miles and points community and regularly presents about travel rewards at conferences like the Chicago Seminars and Minnebar. Aaron has enjoyed the game of optimizing credit card rewards since getting his first credit card shortly after he turned 18. He started learning about credit cards and travel rewards from the (now defunct) FatWallet Finance forums and FlyerTalk. He holds more than 40 open credit cards and has first-hand experience with almost every major credit card product.

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