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[LIVE NOW!] Target Gift Card Sale 2020: Limit Raised to $500 in Purchases! But With a Catch

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Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


The annual Target gift card sale takes place this weekend! While Target-branded gift cards will still be discounted 10%, Bullseye’s masters made three big changes from past years.

Target Gift Card Sale 2020: What’s Different

This year’s version of the Target gift card sale features several adjustments:

  • This is a biggie: Only members of Target Circle (Target’s loyalty program) are eligible to take part in the sale. (It’s free to register.) There was no such requirement in the past. I’m guessing this is to prevent Target gift card enthusiasts from store hopping — and buying up tens of thousands of dollars in gift card inventory. (It’s a thing. Trust me.)
  • The sale takes place over during days: Saturday, December 5, and Sunday, December 6. It’s usually just one day (traditionally, the first Sunday of December). Purchases may be made online, on the Target app, or in person at stores.
    • In my experience, the sale starts just after midnight PST. Late Friday night/early Saturday morning is when — I’m guessing — the sale launches online.
  • Customers may purchase up to $500 in Target gift cards (for a savings up to $50) in their lone, single purchase. This is an increase from the $300 limit we saw the past several years.
    • You can use the discount once per Circle account — and then you’re done. So plan ahead as to how many gift cards you need — and at what denominations.
    • You don’t need to purchase $500. Heck, buy a $5 gift card and save fifty cents. But you can buy up to $500 in gift cards.
Manhattan, New York. November 20, 2020. A woman wearing a mask exits a Target store in Midtown. Target is holding its annual gift card sale the first weekend in December.
The Target gift card sale takes place this weekend. (©iStock.com/Massimo Giachetti)

Personally, I’m sticking to the online-only, emailable gift cards. (My friends and family will take what they get and they’ll like it, galdumit! 😉 ). My mother-in-law is more old school and prefers physical gift cards she can mail to people. So she hopes she can order online and use the curbside pickup option.

Which Credit Card to Use?

Sorry, Target RedCard members, you will not earn 5% back on Target gift card purchases.

So what are your best options to buy Target gift cards? Here are a few ideas:

Stack with Cashback or Miles/Points Portals?

Portals generally don’t award cashback or miles/points on gift card purchases. But stranger things have happened, so YMMV. It certainly can’t hurt to try using Rakuten, TopCashback, etc. Just don’t get your hopes up.

Final Approach

Most people can find something (or many somethings) they need at Target. So the annual Target gift card sale is a great way to save on gifts for other people — or load up on savings for yourself to use on future purchases.

It’s great they increased the limit to $500 in Target gift card purchases. The Circle membership requirement will be onerous for some. But for people already into loyalty programs (and if you read this blog, you probably are 🙂 ), it’s just another one to add to the stack.

 

H/T: USA Today

Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

7 Comments

      • How do you know you received the discount in the check-out when purchasing online? I don’t see any discount taken and I’m already a Target circle member.

  1. Can this be stacked with the 10% sale on other merchandise thru 12/12 for 20% off?

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