Target Redcard credit card loads no longer supported?

Published May 7, 2015   Posted in Having some fun

Well crap, I suppose it was only a matter of time.  I reported a couple months ago about the screaming good deal that people had with the Target Redcard and its ability to completely maximize your manufactured spending and credit card point generation.  But according to several sources, Target is no longer accepting credit cards as a means to load the Redcard with funds.

Target REDcardsAmong the credit card points and frequent flier blog community, talk of the bad news is all over the place.  According to Frequent Miler, the last day that the Redcard could have been reloaded with funds by a credit card was yesterday, May 6th.

I just talked with three different employees at three different Target stores in the Southeast Michigan area.  The news isn’t good.  Guest Service employees at two of the three stores were able to confirm the existence of the memo that says that the Target Prepaid REDcard will no longer be reloadable by credit card as of tomorrow (I believe that midnight tonight Eastern Standard Time is the true cut-off, so get to the store before 9 if you’re on the west coast),” wrote Frequent Miler.

Side note: As The Penny Hoarder reports, even without the Redcard, there are several ways to save money and maximize your spending while at Target, like instant at-register discounts and stackable rebates.

This report likely came as a result of the Dans Deals post that appears to have broken the news, apparently based off of a forum post.  “DDF member Dr. Moose reports that a memo went out today to all Target stores that effective tomorrow, credit cards will no longer be an acceptable form of REDcard funding.”  Apparently, Dan confirmed the memo with a local Target store.

Then, Million Mile Secrets posted that the Target policy does appear to exist, though some stores seem to be unaware of the change in Redcard policy.  So, what next?

But is there a workaround?  Sure, but it may not be free.

All indications suggest that the ability to load your Target Redcard has indeed been removed.  However, the ability to load your Redcard with a PIN-enabled debit card is still in effect.  This works because the card is effectively run as a regular debit card, and debit cards are still accepted as load mechanisms for the Redcard (more reading).  These cards may incur a fee during the purchase, however.  Plain ol’ Visa gift cards appear to work as well.

What is your experience?  Have you been able to load your Target Redcard with a credit card after May 6th?

We track our net worth using Personal Capital


5 responses to “Target Redcard credit card loads no longer supported?”

  1. I never hopped on board with the Redcard. But I received an email from a travel hacking friend first thing yesterday morning. I could sense his tears through his tone in his email. At least now I don’t have to listen to him try to guilt me into participating anymore 🙂 While I just got the Chase Sapphire Preferred credit card to the sign-on bonus, the Redcard was too much out of my comfort zone. Plus no Targets near me to make the time worth it.

    • Hi Fervent,

      The Chase Sapphire card was one of the cards that we used to manufacture spend through the Target Redcard, actually. Made everything super easy. But I agree that if you don’t have a Target near you, it makes very little sense for you to have looked into getting one.

      Your friend should keep in mind that there are other ways to utilize the Redcard to manufacture spend. It is true that the credit card load made it easy, but it certainly isn’t the only way.

  2. Whenever you get a good thing going, someone always derails it.

    • Yup, exactly. Though, I kinda get the feeling that Target specifically set it up this way to get more people on-board with the card with every intent to disallow the credit card loading capabilities at some point in the future. Well, I guess the future is now. 🙂

Leave a Reply