What's the Target Credit Card APR? This question is about the Target Credit Card

What's the Target Credit Card APR?

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This question is about the Target Credit Card

Evelyn Boros, Credit Cards Moderator

@evelyn_boros • 02/17/23 This answer was first published on 02/05/21 and it was last updated on 02/17/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Target Credit Card APR is 27.15% (V). Interest charges apply to balances you carry from one month to another. There is no 0% APR offer for this card right now, but you can avoid interest by paying the bill in full every month.

The Target Credit Card's interest rate is high compared the average APR among new credit card offers right now. If you have at least good credit, you can find far better deals and maybe even qualify for some of the best credit card rates.

Things to know about the Target Credit Card APR:

Keep in mind that the Target Credit Card gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe.

Should you decide to carry a balance on your Target Credit Card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.

Answer Question

How do I do a balance transfer on my Target credit card?

The Target Credit Card does not allow balance transfers. In general, balance transfers let you to shift high-interest debt from your current account to another issuer’s credit card and pay off the balance, presumably at a reduced interest rate.

For a look at some of the top balance transfer cards on the market, check out WalletHub’s ... read full answer Best Balance Transfer Credit Cards page.

How to Choose a Balance Transfer Card

The objective of a balance transfer is to save money on interest, so you will want a card with a low introductory APR on balance transfers. Just be sure to pay off the transferred balance in full before the introductory rate expires. Otherwise, the remaining balance will accumulate interest daily at the card’s regular APR.

You can find out how much a balance transfer card with a low intro APR will save you in interest charges by using WalletHub’s balance transfer calculator. This tool will also recommend credit cards that may help you save money and get out of debt faster.

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Can you use a Target credit card anywhere?

No, you cannot use the Target Credit Card anywhere. This card can only be used at Target stores, Target.com, and through the Target mobile app. The Target Mastercard, on the other hand, can be used anywhere Mastercard is accepted.

It’s worth noting that potential cardholders do not get to choose which card they apply for. If they apply and get approved, the applicants will get either the Target Credit Card or the Target Mastercard, depending on their creditworthiness.... read full answer

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How can I get pre-approved for the Target Credit Card?

You cannot get pre-approved for the Target Credit Card.

It's not hard to get approved for this store card, since it requires fair credit or better. But make sure you qualify for it. An application will result in a hard pull on your credit report, lowering your credit score for a short period of time. If you don’t know where you stand, you can ... read full answer check your score for free, right here on WalletHub.

You can also take a look at a list of the major issuers that offer pre-approval for their credit cards.

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