How to Cancel Your Target Red Card (And What Comes Next)

Are you considering canceling your Target Red card? Whether you’re looking to simplify your finances or explore other options, this comprehensive guide will walk you through the steps to cancel your Target Red card and help you understand what comes next. We’ll cover everything from the basics of Target Red Cards to alternative options, ensuring you make an informed decision about your financial future.

The Red Card Puzzle

Target’s Red Card has been a popular choice for many shoppers, offering perks like discounts and free shipping. However, circumstances change, and you might find yourself wondering how to part ways with this piece of plastic. Before we dive into the cancellation process, let’s take a quick look at what Target Red Cards are all about.

Target Red Cards

Target Red Cards come in two flavors:

1. Target Debit Card: Linked directly to your checking account
2. Target Credit Card: A store credit card

Both cards offer similar benefits, including:

• 5% discount on most Target purchases
• Free shipping on most Target.com orders
• Extended return window (30 extra days)
• No annual fee

These perks have made the Red Card a go-to choice for frequent Target shoppers. But what if it’s no longer the right fit for you?

Before You Hit That Cancel Button

Before you proceed with canceling your Target Red Card, consider the following:

1. Assess your reasons: Are you cutting back on credit cards? Shopping less at Target? Understanding your motivation can help you make the best decision.
2. Credit score impact: Canceling a credit card can potentially affect your credit score. This is more relevant for the Target Credit Card than the debit version.
3. Outstanding balances: If you have a balance on your Target Credit Card, you’ll need to pay it off before canceling.

Cancellation Methods

Now, let’s get down to business. How exactly do you cancel your Target Red Card?

Can you cancel online?

Unfortunately, Target doesn’t offer an online cancellation option for Red Cards. You’ll need to use one of the following methods:

Canceling via phone

1. Call the Target Red Card service line at 1-888-755-5856
2. Navigate the automated menu to reach a representative
3. Inform them of your desire to cancel
4. Verify your identity and account information
5. Confirm the cancellation and ask for a confirmation number

Pro tip: Call during off-peak hours for shorter wait times.

Canceling by mail

If you prefer a paper trail, you can cancel by mail:

1. Write a letter requesting cancellation
2. Include your name, address, and Red Card number
3. Sign and date the letter
4. Mail to:

   Target Card Services
   P.O. Box 1581
   Minneapolis, MN 55440-1581

Remember: Keep a copy of your letter for your records.

In-store cancellation: Myth or reality?

While some sources suggest you can cancel in-store, Target’s official policy is to use phone or mail methods. In-store team members may direct you to these options.

After Cancellation: What’s Next?

Once you’ve initiated the cancellation process, here’s what to expect:

1. Confirmation: You should receive a confirmation of your cancellation. If not, follow up with Target.
2. Remaining balance: For credit cards, you’ll still need to pay off any outstanding balance.
3. Cut up your card: While not strictly necessary, it’s a good precaution to destroy the physical card.

Your Target Account

It’s important to note that canceling your Target Red Card doesn’t automatically close your Target.com account. Here’s what you need to know:

• Your Target account is separate from your Red Card
• You can continue using your Target account for online shopping without a Red Card
• If you want to close your Target account, you’ll need to contact customer service separately

Pros of keeping your Target account:

• Easy online shopping
• Access to Target Circle rewards
• Ability to track orders and returns

Cons:

• Potential for impulse purchases
• One more account to manage

Alternatives to the Target Red Card

If you’re canceling your Target Red Card but still want to maximize your shopping benefits, consider these alternatives:

Card	Rewards	Annual Fee	Best For
Discover it Cash Back	5% cash back on rotating categories (including Target sometimes)	$0	Varied shopping habits
Blue Cash Everyday Card	3% cash back at U.S. supermarkets	$0	Grocery shoppers
Walmart Rewards Mastercard	5% back at Walmart.com	$0	Walmart shoppers
Amazon Prime Rewards Visa Signature Card	5% back at Amazon and Whole Foods	$0 (with Prime membership)	Amazon Prime members

Choosing Your Next Financial Move

When selecting an alternative to your Target Red Card, consider:

1. Your shopping habits
2. Credit score requirements
3. Rewards structures
4. Annual fees (if any)
5. Additional perks (like travel benefits or purchase protection)

Conclusion

Canceling your Target Red Card doesn’t have to be a daunting process. By following the steps outlined in this guide, you can navigate the cancellation smoothly and explore new financial opportunities.

Ultimately, the right decision is the one that aligns with your financial goals and shopping habits.

FAQs

What if I’ve lost my Target Red Card?

Contact Target immediately at 1-888-755-5856 to report the loss and request a replacement card.

Does canceling affect my credit score?

Canceling a credit card can potentially impact your credit utilization ratio, which may affect your credit score. The impact is generally minimal for store cards like the Target Credit Card.

Are there any hidden fees with the Target Red Card?

The Target Red Card doesn’t have an annual fee. However, the credit version does have late payment fees and interest charges if you carry a balance.

Can I reapply for a Target Red Card after canceling?

Yes, you can reapply for a Target Red Card after canceling. However, approval will depend on your current creditworthiness.

What happens to my rewards if I cancel?

The Target Red Card itself doesn’t have a rewards program. However, if you’re part of Target Circle, those rewards are separate and won’t be affected by canceling your Red Card.

Resources and Further Reading

• Official Target Red Card Page
• Consumer Financial Protection Bureau
• Federal Trade Commission – Credit Cards

By understanding the ins and outs of canceling your Target Red Card, you’re empowering yourself to make the best financial decisions for your future. Whether you choose to keep your card, cancel it, or explore other options, the key is to stay informed and align your choices with your personal financial goals.