Our top picks of timely offers from our partners

More details
Novo Business Checking
Learn More
Terms Apply
Thousands of dollars in exclusive perks plus, no hidden fees
Earn more with a high yield savings account
Learn More
Terms Apply
Fed rate hikes can mean higher rates on savings accounts
Rocket Mortgage
Learn More
Terms Apply
Rates could continue to rise - look into refinancing with one of our top picks.
Find the best credit card for you
Learn More
Terms Apply
Looking for a card that offers cash back or travel rewards? Check out our marketplace.
Chime
Learn More
Terms Apply
Get paid early with direct deposit and pay no overdraft, transfer, or minimum balance fees
Select independently determines what we cover and recommend. We earn a commission from affiliate partners on many offers and links. Read more about Select on CNBC and on NBC News, and click here to read our full advertiser disclosure.
Latest

Get $40 off a $40 Target purchase after approval for the Target RedCard

New applicants approved for the Target RedCard can receive a $40 coupon for a future qualifying purchase for a limited time. Here's what you need to know about the offer.

Share
Getty Images

The offer mentioned below is no longer available.

Target is known for its red bullseye logo and Target Circle™ Offers that help shoppers earn up to 50% off hundreds of items, but now there's a new reason to consider opening the popular store card.

New applicants who are approved for the Target RedCard™ card from November 1 to December 26, 2020 receive a $40 coupon for a future qualifying purchase of $40 or more at Target. If you frequently go on Target Runs and order from Target.com, you may want to consider applying this month.

The Target RedCard already offers a unique 5% discount at checkout on most purchases in-store and at Target.com, plus free two-day shipping on most items. Below, CNBC Select breaks down what you need to know about the new limited-time offer.

New Target RedCard welcome bonus

When you’re approved for the Target RedCard between November 1 to December 26, 2020, you’ll get a coupon for $40 off a minimum $40 qualifying purchase. This offer is similar to the limited-time offer Target ran in August that offered $50 off a future qualifying purchase of $100 or more, but it has a lower minimum purchase requirement.

You can apply online or in-store to qualify for this welcome bonus. After approval, the $40 coupon will be mailed to you and is valid through January 31, 2021.

The coupon can be used toward a wide selection of Target items, from holiday gifts and reusable water bottles to paper towels and toilet paper. However, there are exclusions including: items sold & shipped by Target Plus™ Partners, alcohol, Apple products, Samsung TVs, Target Optical and more. Refer to the coupon for the full list of exclusions.

Don’t miss: 5 things to know about the Target RedCard and Why the Target RedCard is my favorite card for holiday shopping

Information about the Target RedCard™ has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
FreshBooks
Learn More
Terms Apply
FreshBooks accounting software allows you to easily upload receipts (including mileage) and create invoices
FICO® Basic, Advanced and Premier
Learn More
Terms Apply
Up to $1 million identity theft insurance plus, dark web scans for Advanced and Premier plans