Target’s REDcard is a popular store credit card that offers shoppers 5% off their purchases, free shipping, and other exclusive benefits. But does it help build credit?
The answer is yes.. and no. Target’s REDcard is a store credit card, which means it can only be used at Target stores.
Store credit cards are not typically reported to the major credit bureaus (Experian, TransUnion, and Equifax), so they generally won’t help you build credit.
However, Target’s REDcard is a Mastercard, which means it can be used anywhere Mastercard is accepted. And when you use your REDcard as a Mastercard, it will be reported to the credit bureaus and can help you build credit.
So if you’re looking to build credit with your Target REDcard, make sure you’re using it as a Mastercard outside of Target stores.
Conclusion:
Target’s REDcard can help you build credit if you use it as a Mastercard outside of Target stores.