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Target credit card

August 12th, 2007 at 10:20 pm

About half the time I go to Target (which is about once a week since I do my grocery shopping there), I'm asked if I want to sign up for the Target credit card.

The promotion is 10% off the day you sign up. Then you get a 10% off coupon for every $1,000 you put on the card. Well, let's say I buy $100 worth of stuff each week. After 10 weeks I will have accumulated $1,000. On the 11th week, I will get $10 off. (But only $90 will be applied to the credit card that week, which is a slight bummer.)

So we're roughly talking about a 1% reward. (Yes, you could tweak that a little bit by delaying a bigger-than-average purchase until a 10% off day, but the effect is small overall.)

For now I'll stick with my regular credit card for now which gives me 1% rewards -- in cash, no fuzzy math involved.

1 Responses to “Target credit card”

  1. dmontngrey Says:

    This is the exact reason why we stopped using our Target card in June 2006. As a result, they closed it a year later this past June. It's a shame since it was my husband's oldest credit line. Why bother use it since our daily card we use gives better rewards? A 10% coupon didn't do us any good. We just don't spend that much nowadays. We thought about asking them to reopen it, but why? We didn't use it and wouldn't start now.

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