Can You Have Both the Target Red Card and the Target Mastercard? (2024)

Yes, you can have both the Target Credit Card and the Target Mastercard. After your Target Credit Card gets upgraded to the Mastercard version, you’ll be able to submit an application for the Target Credit Card. However, before applying for a second Target credit card, there are a few things you should consider.

What to Know Before Getting Both Target Credit Cards

Requirements

To apply for the Target Credit Card, you need at least fair credit. The Target Mastercard, however, requires excellent credit and is only available through an offer to upgrade from the Target Credit Card.

Acceptance

The Target Credit Card can only be used for purchases at Target, while the Target Mastercard can be used everywhere that accepts Mastercard.

Credit Score Impact

Having two Target credit cards can have both positive and negative impacts on your credit score and finances. On one hand, having more available credit can lower your credit utilization ratio, which can improve your credit score. On the other hand, having two Target credit cards can increase the risk of overspending, missing payments, or accumulating interest charges. These factors can lower your credit score and hurt your financial health.

So, before you decide to get both the Target Credit Card and the Target Mastercard, consider your spending habits, budget, and financial goals.

This answer was first published on 10/31/23 and it was last updated on 01/09/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Can You Have Both the Target Red Card and the Target Mastercard? (2024)

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