The Target RedCard $40 Off $40 Sign-Up Bonus is Back for 2023 and a Reloadable RedCard Has Been Added to the RedCard Lineup

Target’s back, once again, with a lucrative RedCard sign-up bonus to start 2023.

Target RedCard applicants can receive a $40 savings off a $40 or more future Target purchase as a sign-up bonus.

And, even if you’ve received a Target RedCard sign-up deal in the past, you may be able to get another. See our thoughts at the end of the post.

Plus, the $40 savings coupon should be able to be used twice – once for an in-store purchase and again for an online purchase – for a total savings of $80. See our “data points” thoughts below.

Target RedCard

The Target RedCard (credit and debit versions, and for 2023 a reloadable account has been added) offers holders unique benefits that regular Target shoppers should consider if saving money is of interest.

Target RedCard holders receive:

• 5% off your in-store or online Target purchases
• Free shipping on many items on Target.com
• Access to exclusive promotions, gifts and special items
• An additional 30-days for returns and exchanges

You can read all the details associated with the Target RedCard, as well as apply at this Target RedCard link.

Target RedCard Sign-Up Promo

In 2022, we saw this promotion almost every other month. We’ll have to see if 2023 brings as many $40 off $40 sign-up deals…and if so, the option for receiving multiple $40 off $40 deals.

Approved applicants for either the Target RedCard credit card, debit card, or reloadable card will receive a coupon good for $40 off a future qualifying purchase over $40.

Applications can be in-store or online at Target.com.

This promotion runs January 1 through January 14, 2023.

The coupon will be mailed to approved cardholders with their RedCard and will be valid through 3/15/2023.

Interesting data point – There are reports that you can use the $40 off coupon against an in-store purchase of $40+ and then again against an online purchase of $40 or more. So you’ll be grabbing a total of $80 in savings. This has been the case for a while now, so I doubt it’s a glitch in Target’s system. Although, it may not continue, so be aware the “double dip” may end at any time.

Best to use the coupon (its code, actually) for an online purchase first since the hard copy coupon will likely be taken during the in-store checkout process.

There are a number of items that are excluded from the $40 coupon…you can see the full list under the RedCard Benefits & Program Rules “$40 off for new RedCard holders” info bullet found on the page links above and below or read the text below.

But, if your Target purchases are along the lines of household products, groceries, most clothing, etc., you should be fine using the $40 coupon.

You can read more and apply at the link below.

Target RedCard $40 Off $40 Promo/Application Link

Multiple RedCard Sign-Up Bonuses

This tactic won’t be for everyone, but it does appear possible to take advantage of these RedCard sign-up bonus promos multiple times.

First, this should only be done with the RedCard debit card. Not the RedCard credit card.

With the addition of a reloadable Target RedCard, we’ll have to do more research to see how it will factor in to multiple applications/receipt of multiple bonuses. As well as other less obvious benefits that it may provide.

Of course, the first step is closing your previously opened RedCard debit card.

There have been questions on how long you have to wait between closing a RedCard and Signing up for a new bonus. Reports now seem to indicate you’ll need to wait 90 days from the date you last opened your Target RedCard debit card. After the 90-day period is up, you should be able to get another Target RedCard sign-up bonus.

There are reports of individuals receiving multiple – up to 8 or 9 – RedCard sign-up bonuses using this tactic.

If you currently have a RedCard open, you should be able to close it, wait a few days or a week, and re-apply for this January 2023 RedCard sign-up bonus…as long as it’s been 90 days since you last opened the RedCard, that is.

Has this multiple Target RedCard sign-up bonus tactic worked for you? Is the Target RedCard sign-up bonus worth the effort?