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.Continue Reading
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.Learn more about Credit & Lending