Although the Target REDcard does not offer a sign-up bonus, it's still a fantastic offering for loyal Target shoppers. From its automatic discount to its online shopping benefits, the REDcard has the potential to offer lots of savings. But with any store card, it's essential to be wary of all the rates and fees.
Build up your credit: Store cards are usually easier to qualify for than other reward cards, so you can use the REDcard Credit Card to improve your credit scores by using it responsibly and always paying on time (the debit card can't be used to build credit).
You only need “fair” credit to qualify for the Target RED Credit Card, which means it's possible to get approved with a credit score of just 620. You can see if you're in the ballpark by checking your credit score for free on WalletHub.
Yes, the Target Credit Card does a hard pull on your credit report upon application. ... And since you'll need to have at least fair credit to be considered eligible for the Red Card, make sure you have the credit needed to avoid an unnecessary hard pull on your credit.
Your Target credit card limit will be determined based on your creditworthiness, including credit scores and income. But don't expect a very high limit on this one. As with most store cards, users report initial credit limits in the vicinity of $1,000, which is pretty modest.
Best credit cards if your FICO score is 600 to 649 overview
| Credit Card | Best For |
|---|---|
| Capital One Platinum Credit Card | Rebuilding credit |
| Secured Mastercard® from Capital One | The lower end of fair credit |
| OpenSky® Secured Visa® Credit Card | Those with little to no credit |
| Discover it® Secured | Cashback rewards AND building credit |
The best credit cards for a 550 score:
The easiest department store credit card to get approved for is the Fingerhut Credit Account, but that's only if you count an online retailer / mail catalog as a department store. It's the only store card you can get with bad credit.
Subject to application approval (Target Mastercard not available to new applicants). The RedCard credit cards (Target Credit Card and Target Mastercard) are issued by TD Bank USA, N.A. The RedCard debit card is issued by Target Corporation.
Not a bad way to build credit.
You only need “fair” credit to qualify for the Victoria's Secret Credit Card, which means it could help you establish credit history or perhaps continue rebuilding from previous mistakes. If you don't know your credit score, you can check it for free on WalletHub.
The credit score needed for the Old Navy Credit Card is 700+; this means you need at least good credit to get it. But you'll need at least a score of 640+ (fair credit) to have a decent chance of being approved for the Old Navy Store Card.
The Target credit card does not guarantee instant approval, unfortunately. A decision on a pending application can take up to 7-10 business days, which isn't great, but it's important to know that pending applications are rare and those happen when they need to verify your information further.
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