Store credit card no. 3: Target RedCard
This might be the best choice for everyday purchases since Target is a retailer known for selling this type of product. This is also another card that offers a very generous 5% cash back to the most loyal customers, and it has no annual fee.
The cashback applies not only to online purchases but also to in-store ones. Compared to other cards, this is actually a big pro.Â
The Target REDcard Credit Card may not have a conventional rewards program, but with its simple discounts on every transaction, it may be considered one of the best credit cards around.
Besides all of these, you can use the card to get some really nice discounts. You can easily take advantage of the 5% discounts at Starbucks, on Shipt for every same-day order that you make using Target.com, the 5% discount on clearance, and even another 5% discount on gift cards.
By now, it all sounds great, right? And it is great, but obviously, there must be a drawback to such an amazing deal. The Target RedCard has a baffling interest rate of 27.90%! This is a lot, and because of this, you need to be careful since all of this can snowball, making all of the value of those 5% savings equal to zero.
