Q:

What is REDcard?

A:

Quick Answer

The REDcard is a card affiliated with the retail store Target. According to the retailer's website, Target offers two types of REDcards: a debit card and a credit card. Both cards offer cardholders a 5-percent savings on any purchases made with the REDcard at Target stores or through Target.com. Purchases made with a REDcard have an additional 30 days to be returned, and if the purchase is made through Target's website, it qualifies for free shipping.

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Full Answer

Both the Target debit card and the Target credit card have no annual fee, as stated on Target.com. Both cards are also Chip-and-PIN enabled. Target REDcards have an electronic chip in them, which makes them difficult to counterfeit and protects the cardholder from fraud. When the card is used, a PIN number is required in lieu of a signature, both to prevent fraud and to provide additional security.

The Target debit card operates similar to a check, withdrawing money from the cardholder's checking account to pay for purchases made, explains Target. The credit card allows cardholders to charge purchases made via Target's website or in a Target store. Those with a credit card can manage their accounts and make payments online. As of 2015, those with debit cards are able to withdraw up to $40 of cash when they check out at a Target store.

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