How do I make a payment on my Target RED Card?

Yes, store credit cards can help you build credit if you use them wisely. Store credit cards report your payment history to credit bureaus monthly. If you pay your credit card bill on time and stay within your credit limit, a store credit card can go a long way in building or rebuilding your credit.… read full answer

What you should know about store cards:

• Overview: Store credit cards are offered by certain retailers and can usually be used only for purchases within a specific store, website, or affiliated locations. There are also store cards that are on a network, such as Visa and Mastercard. These can be used anywhere the card’s network is accepted.
• Approval Requirements: You can use a store credit card to help build credit because they're generally easier to get. Most store cards require fair credit to have a chance of being approved. The drawback is that you'll likely start out with a higher interest rate and a lower credit limit than you would with a store card on a certain network. But these cards come with stricter approval requirements.
• Deferred interest: Be wary of any 0% promotional offers, particularly for large purchases. Unlike a 0% APR you'll find on some regular credit cards, most store cards operate on deferred interest. If you don't pay off the balance by the end of the promotional period, you'll be charged all the interest accrued on the original purchase price.
• What to watch out for: Where you can run into trouble with a store credit card is the temptation to overspend. Your favorite retailer may bombard you with promotional offers, discounts, and sales announcements.

So, you might end up canceling out any discounts and burning up most of your credit limit. That doesn't bode well for your credit utilization, which should be at less than 30% of your available credit. And then there's the interest that will be tacked on if you have to carry a balance to the next month.

So, store cards can definitely help you build credit, as long as you keep your account in good standing. The same rules apply to a regular credit card, so feel free to check out more tips on how to build credit with a credit card. Some of the best store credit cards offer extensive rewards and are worth getting, especially if you already shop at their respective stores.

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

The credit score that you need for the Target Credit Card is 640, at a minimum. That means at least fair credit is required for approval. Note that the Target Credit Card can only be used to make Target purchases, in-store and online.

When you apply for a Target Credit Card, your credit score is one of the major factors that the card’s issuer will consider. But it’s not the only factor. Your income, employment status, debts, and housing information matter, too. But your odds of approval are generally higher if you have a credit score above the 640 mark.… read full answer

Here are the Target Credit Card requirements for approval:

• Minimum credit score: 640+ (at least fair credit)
• Age requirement: 18 years old
• Income requirement: Enough to afford monthly payments (wages, investments, etc.)
• Citizenship: Must be a U.S. citizen with a valid Social Security Number
• Bank account requirement: Must have a checking account at a bank in the U.S.

You can apply for the Target Credit Card online or in person at a local Target store. You may be approved instantly if your doesn’t require application additional review. Otherwise, it can take 7-10 business days to receive a decision.

If approved, you will also be able to make purchases right away. You will receive a temporary credit card to use until your actual card arrives.

Here’s what you should know about the Target Credit Card:

The Target Credit Card gives you a 5% discount at Target and Target.com. You’ll also get 30 extra days for returns and free two-day shipping on Target.com orders. The card also offers a $0 annual fee.