How to Cancel Target RedCard in 2 Easy Ways

So you’re thinking about how to cancel Target RedCard? Don’t worry, it’s a straightforward process. Here’s what you need to know:

The Basics

Target was founded in 1902 by George Dayton as Goodfellow Dry Goods. It was renamed Dayton’s Dry Goods Company in 1903, Dayton Company in 1910, and Dayton-Hudson Corporation after merging with J.L. Hudson Company in 1969. Dayton-Hudson owned the department store chains Dayton’s, Hudson’s, Marshall Field’s, and Mervyn’s.

The first Target store opened in 1962 in Roseville, Minnesota. In 2000, Dayton-Hudson Corporation was renamed Target Corporation. Target now operates over 1,900 stores across the United States.

Learn Red Card Benefits Before Cancelling

• 5% discount on eligible purchases at Target stores and Target.com
• 30 extra days for returns on eligible purchases at Target stores and Target.com
• Free shipping at Target.com
• Free 2-day shipping on thousands of items at Target.com
• Exclusive extras like special offers and products just for RedCard holders
• No annual fees or monthly fees
• 1% cash back rewards everywhere, 2% cash back rewards at gas stations and dining
• $500 in estimated first year baby savings
• $675 in estimated annual grocery savings
• $50 off a future $50+ purchase when approved for a new RedCard credit card or debit card
• $50 account credit when you open a RedCard Reloadable Account and spend $50 at Target

If you wish to cancel, there are a couple of methods you can take:

Method 1: Call Target RedCard Services

The quickest and easiest way to cancel your Target RedCard is over the phone:

1. Dial 1-800-659-2396 to reach Target RedCard Services
2. When prompted, select the option to cancel your card
3. Provide your 16-digit card number, name, and address to verify your identity
4. Confirm whether you want to cancel just the card or your entire RedCard account
5. Make note of the effective cancellation date and request number provided

A representative will process your cancellation request right away. However, it may take an additional 7-10 business days for the account closure to fully complete.

Method 2: Submit a Written Request

To cancel by mail, send a letter with the following information:

• Your name
• Full 16-digit card number
• Desired cancellation date
• Request to close your account
• Current billing address
• Signature

Mail the letter to: Target Corporation c/o Financial and Retail Services P.O. Box 9491 Minneapolis, MN, 55440

Key Things to Consider First

Before submitting your closure request, consider these factors:

• How it impacts your credit – Closing the account could lower your total available credit and length of credit history, both important scoring factors
• Forfeiting your RedCard rewards – Make sure to redeem any Target Circle earnings prior to closing
• Losing out on 5% discounts – Double check if the savings outweigh the hassle of keeping it open
• Account credit balances – Use any credit balance you owed before the account gets terminated

Wrap Up

You can cancel your Target RedCard via phone or mail by providing your account details and specifically requesting account closure. Continue monitoring your card and checking statements during the 7-10 day processing period before the cancellation fully completes. Weigh the impacts to your credit, rewards balances, spending benefits and any credits owed to decide if canceling now is the right move.