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.
Target credit card
August 12th, 2007 at 10:20 pm
August 12th, 2007 at 10:47 pm 1186958863