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Target RedCard Pros and Cons |Target Store Savings| Is the Target Red Card a Scam? |RedCard APR| - YouTube
Channel: Money and Life TV
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if you are on the fence about getting a
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target credit card known as the red card
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this video is going to help you make a
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decision today I'm going to show you
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exactly how much money I saved in one
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year using the red card in this short
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video so stay tuned
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I empty the CPA along with my sidekick
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super weak people information that
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matter so you can live your life on cage
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whoever shop at Target you'll know what
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i mean when i say that you can bet your
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life that when you walked up to that
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check register they're going to ask you
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a question they're gonna ask you the
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same question in many different way if
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you want to take five percent with your
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red car today will you be using your red
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card today to save five percent fault if
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you want to sign up for a red car today
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so I'll be honest with you guys
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finally one day out of a moment of
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weakness I sign up for the risk after
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all those years of hearing about signing
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up for this red card i spend anymore i
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just had to sign up they broke the gout
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playing up to the red carded can't face
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the Barclays to stop asking i'll fill it
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with everyone drinks the kool-aid give
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me the cardinal sign on the dotted line
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just stop asking me
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now chipper on the other hand that bird
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is disciplined they just can't break
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that bird down when they asked him that
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same question he had a different
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response now first things first I am NOT
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going to encourage credit card debt and
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anyway in this video if you cannot
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manage money or if you're spending
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addict do not get this card don't even
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consider it if I am NOT encouraging
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credit card debt nor will I ever are so
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let's dive right into the purpose of the
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pros of this having the cart biggest
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first of course is knowing you're going
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to save five percent now honestly five
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percent is even hard to get in the
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investment ranger in these days i
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persist not bad better and all you have
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to do is swipe a card now the great part
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is that five percent works on everything
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in the store so it works on things that
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are on shell things that are already in
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clarence it works personally on
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everything in the store except
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prescription but with prescription what
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you purchased enough of them then
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they'll give you a coupon that will
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allow you to get five percent off so it
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still worked at the pharmacy as well
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which is why the fiber event is a pretty
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fulfil the great part about the card is
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that you can either get the debit card
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or the credit card version of it so if
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you don't feel comfortable with a credit
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card
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that's okay you can get the debit card
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and you link it to a checking account
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and it's like you're paying cash with
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everything everything to the stories to
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paying cash now which one did I get now
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for myself personally instead of getting
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the debit card I got the credit card why
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I got the credit card because zero over
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zero liability if your credit card gets
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stolen from you or if it gets hacked
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online and they somehow access to credit
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card information
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I like that because with the debit card
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they could directly get into my checking
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account if they were to use it so their
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credit card they can't they cannot touch
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my cash and fact i purchase everything I
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possibly can on credit because as three
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or four different points in my life I
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have had to get a new credit card
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doesn't i'm not talking about the record
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here and talk about all kinds of credit
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cards because eyes on to some place that
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had their virtual database back
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it's happening all over the world is
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home depot
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it's walmart its target all these
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different major stores are getting
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hacked so that's why I shows the credit
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card because I figured at some point at
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some time in the future I might get that
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credit card information stolen so I
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don't want to have any liability which
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is why i went with a credit card
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alright the third benefit of gardens
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probably true for all credit cards but
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if you pay off your credit card balance
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in full by the end of the month you will
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pay zero interest you still say price
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for sense but you pay zero interest not
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to back other benefits the fourth
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benefit is hard has no annual fee the
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fifth benefit is if you shop online you
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get free shipping as long as you use the
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red card
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benefit number seven if you like to pay
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your bills online you can even go online
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to the target redcard account and set up
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autopay the unit have to think about it
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but you can pay your balance and pulls
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that way i'll show you in the slides
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kind of what it looks like and how you
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act a red card account right here
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the last major benefit of the target
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redcard that i can think of is that you
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get an additional 30 days to return an
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item above the normal return to date on
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your recent ok we talked about the pros
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benefit so let's talk about the cons one
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of the times is you can only use the
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card at target the red card stuff you
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cannot use that other swords best of my
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knowledge you have to use just a target
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store these are limited to that
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what's the interest rate on this card on
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number two interest rate will punch you
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end up faith interest rate is a whopping
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23 for dead
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whoa don't let around with it pay it off
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handful at the end of every month
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because you do not want to be paying
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twenty percent annual interest on number
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three
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obviously by getting this card target
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once you to spend more money at target
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they have ulterior motive ladies and
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gentlemen they want you to develop your
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spending habits after store pretty smart
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huh
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they're thinking about it they're
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thinking up in the marketing department
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of going to work you don't have your
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money at their floor you can choose not
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right number for late payment fees
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alright late payment seeds at target if
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you pay late it's a nice kick in the
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groin will come in at $35 if you pay
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late now if you make a payment but the
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repayment gets returned on your card and
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that's a whopping $25 returned payment
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be out in conclusion I can't believe I'm
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saying this but I'm actually glad that I
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signed up for the target redcard credit
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card i spend on average about 65-70
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dollars per week at target shop there on
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a weekly basis so that's one of the
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reasons why its benefits me and getting
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I got the car down January force of 2016
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ok so i started right at the beginning
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of the year and during the course of a
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whole year and allows you to save an
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additional hundred and eighty two
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dollars at by the end of the year just
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like swiping that card if you break it
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down into a net monthly savings number
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i'm saving roughly fifteen dollars a
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month
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no it's not huge but fifty dollars a
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month and easily papers gym memberships
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Netflix Hulu or something like that so
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it's a great saving because i was going
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to spend the money anyway I only
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purchase things i needed i didn't go
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above and beyond to buy things like TVs
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and whatnot i just bought basic
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household supplies grocery here and
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there so it turned out good deal for me
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the best part of all don't want to know
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how much interest i paid I paid zero in
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risk because I pay off my card every few
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weeks
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contact all the credit card tyonne I
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always pay them off everything week i
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have not paid interest since I was
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probably about 18 or 19 years old on a
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credit card on 32 today but for the most
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part I just don't pay interest so just
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as long as you manage it well that's not
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going to help problem is going to be a
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benefit for you then it could be worth
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it
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reason against the card is that one if
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you don't shop at Target very often
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you're probably not going to get some
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benefit out of it so I wouldn't get it
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if your only shot if you shop there less
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than once a month probably not worth
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your time to get the cards i would
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probably avoided at that point for is
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the main reason to avoid this plugin
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that you cannot control your spinach if
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you can't control your spending your
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opinion addicts and chance man credit
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and you're not gonna pay your bill on
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time to not get this card it will wreck
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your life so please avoid it like the
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plague that describes you in the
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description below i'm going to be
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sharing a link with you regarding a
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great article that's all about target
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redcard and a lot of what we talked
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about the day so make sure to check it
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out if you want to learn more
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you have questions or comments please
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leave them in the comments section down
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below and i will make sure to answer
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your question and response that not only
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are these videos going to help you learn
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more but they're gonna help you make
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better decisions throughout your life in
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the areas of finances investing taxes so
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many more subjects so if you've not
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already hit that red subscribe button
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down below please make sure to hit that
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button so you not miss any of our future
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videos are updates
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thank you alright guys I think I'm gonna
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wrap up the video here if you like the
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video please hit that like button
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give me some feedback below if you have
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questions comments like that sweet leave
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them in the comment section down below
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you found this information helpful
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share it with a friend or family member
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that's what these videos therefore there
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to help people i make videos every
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single week and I try to release them
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every single Sunday best of my abilities
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so that being said i will see you next
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week along with chipper and remember
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always live your life on cage by
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everybody have a great week
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