MINNEAPOLIS (Oct. 14, 2010) — Beginning Sunday, October 17, 2010, guests who shop with a Target REDcard will experience even greater value by receiving 5 percent off nearly all purchases made at any Target store or on Target.com everyday. This clear and simple new program extends to all Target REDcard* products, including the Target Credit Card, Target Visa Credit Card and Target Debit Card.
“This innovative, new initiative will provide Target REDcard holders with tremendous value on our exciting merchandise assortment – everything from electronics to fresh food,” said Terry Scully, president, Target Financial Services. “This program makes Target’s low prices even lower, so there’s no need for Target REDcard holders to shop around.”
The simplicity of this new program makes it easy for Target cardholders to stretch their dollar even further with savings on products from entertainment to household cleaners. They can pick up the latest fashions as well as holiday gifts and décor, and receive an additional five percent off Target’s already low prices.
In addition to receiving five percent off nearly all purchases using a REDcard, guests will receive a coupon good for 5 percent off a future day of shopping every time they fill five prescriptions at a Target pharmacy with a Target REDcard.
This new Rewards program will replace the existing Rewards program in which new account holders receive an initial 10-percent-off coupon and existing cardholders earn coupons for 10 percent off a future day of shopping. The existing program ends on October 16 at close of business.
Guests who currently don’t have a Target REDcard can apply for a Target Credit Card or Target Debit Card in any Target store.
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,752 stores in 49 states nationwide and at Target.com. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week. For more information about Target’s commitment to corporate responsibility, visit Target.com/hereforgood.
For more information, visit Target.com/Pressroom.
* Upon approval, you will receive 5% off purchases paid for with your REDcard at Target® stores and Target.com (Target Debit CardTM cannot be used on Target.com), except on prescriptions, Target gift cards and prepaid cards, Target Clinic® services, Target Mobile SolutionsSM and Target Optical® eye exams. 5% discount applies to eligible purchases minus any other discounts and the value of any promotional Target gift cards received in the transaction. See program rules at Target.com/redcard for details.
REDcard®: Existing Target Credit Cards, Target Visa® Credit Cards and Target Debit Cards, and new Target Credit Cards and Target Debit Cards. New cards subject to application approval.
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