Where and how to send your Target RedCard payment

You can pay your Target RedCard bill by mail, online through Target's website, by phone, or in person at a Target store. The method you choose affects how long your payment takes to reach Target and when it posts to your account.

Mail payments should be sent to the address printed on your bill statement. Online and phone payments post the same day if you make them before the payment deadline. In-store payments at the customer service desk are processed immediately, though the payment may take one business day to show in your online account.

Target's customer service phone line for RedCard payments is available seven days a week. You will need your RedCard number and the amount you want to pay when you call.

Key Takeaways

  • Online payments through Target's website or the Target app are the fastest method and post the same day if submitted before your due date.
  • Mail payments typically take seven to ten business days to arrive, so send them at least two weeks before your due date to avoid a late payment.
  • Your payment due date appears on your monthly statement, and paying after that date triggers a late fee and may affect your credit report.
  • Automatic payments through your bank account can be set up to pay a fixed amount or your full balance on the same date each month.
  • If you cannot pay the full balance, Target allows you to carry a balance and pay interest on the remaining amount.

Setting up automatic payments to avoid missed due dates

Automatic payments remove the risk of forgetting to pay and incurring a late fee. You can set this up through your Target account online or by calling Target's customer service line. You choose the payment date and whether to pay a fixed amount or your entire statement balance each month.

Automatic payments pull money directly from your bank account on the date you select. If your account does not have sufficient funds on that date, the payment will fail and you will be charged a returned payment fee. You can change or cancel automatic payments at any time through your account settings.

What happens if you miss your payment due date

A late payment fee is charged if your payment arrives after the due date shown on your statement. This fee varies but typically ranges from $25 to $40 depending on your account history. The late fee is added to your balance and you will owe interest on it.

A payment that is 30 days late will be reported to the three major credit bureaus — Equifax, Experian, and TransUnion — and will appear on your credit report for seven years. This late payment can lower your credit score and make it harder to borrow money in the future. If your payment is 60 days late, Target may close your account and refer the debt to a collection agency.

If you know you will miss a payment, contact Target's customer service before the due date. Some cardholders have been able to negotiate a one-time waiver of the late fee, though this is not may provide.

Understanding your statement and finding your due date

Your monthly statement shows your opening balance, all purchases and credits from the past month, your minimum payment due, your full statement balance, and your due date. The due date is always the same calendar day each month — for example, the 15th or the 25th.

You can view your statement online through your Target account or request a paper copy by mail. The online version is available as soon as your billing cycle closes, usually before the paper statement arrives. Your due date is counted from the statement closing date, not from when you receive the statement.

Paying more than the minimum to reduce interest charges

Target requires a minimum payment each month, but you can pay any amount above that without penalty. Paying more than the minimum reduces the interest you owe on your remaining balance and helps you pay off the card faster.

Interest is calculated daily on your unpaid balance. The interest rate for Target RedCard purchases varies by creditworthiness and is shown on your statement. If you carry a balance of $1,000 at an interest rate of 20 percent annually, you will owe approximately $200 in interest over one year if you only make minimum payments.

Paying your full statement balance by the due date means you owe no interest at all. This is the least expensive way to use a credit card, though it requires having the full amount available when the bill is due.

Using Target's payment plan options for large purchases

Target offers a promotional financing option called RedCard Financing, which allows you to split certain purchases into monthly payments with no interest if paid in full within the promotional period. This option is shown at checkout when you are may be able to access and appears on your statement as a separate line item.

If you do not pay the promotional balance in full by the end of the promotional period, you will be charged interest on the entire original amount retroactively — meaning interest from the purchase date forward, not just from the end of the promotion. This can result in a large unexpected charge, so it is important to track when your promotional period ends and plan to pay it off before that date.

You can still make regular payments on your promotional balance before the deadline. Payments are applied to your regular balance first, then to promotional balances, so you may need to pay more than your minimum to ensure the promotional amount is paid off in time.

What to do if you cannot pay your full bill

If you cannot pay your full balance, you can pay any amount above the minimum due without penalty. Your remaining balance will carry over to the next month and you will owe interest on it. The interest rate is shown on your statement and is applied daily to your unpaid balance.

If you are struggling with debt across multiple cards or accounts, you may want to explore whether a debt consolidation loan or balance transfer card could lower your overall interest rate. These options have their own costs and trade-offs, so compare the total interest you would pay under each option before deciding.

If you are unable to pay even the minimum, contact Target's customer service to discuss your situation. Some cardholders have negotiated temporary payment arrangements, though these are handled case by case and are not may provide.

Frequently Asked Questions

How long does it take for a payment to show up in my account?

Online and phone payments post the same day if submitted before your due date. Mail payments typically take seven to ten business days to arrive at Target's processing center. In-store payments are processed immediately but may take one business day to appear in your online account.

Can I pay my Target RedCard with a different credit card?

Target does not accept credit card payments for RedCard bills. You can pay by bank transfer, mail check, phone, or in person. Paying a credit card bill with another credit card typically incurs a cash advance fee and is not recommended.

What is the difference between my statement balance and my minimum payment?

Your statement balance is the total amount you charged during the billing cycle. Your minimum payment is the smallest amount Target requires you to pay to keep your account in good standing. Paying only the minimum means you will owe interest on the remaining balance.

Will paying late affect my credit score?

A payment that is 30 days or more late will be reported to credit bureaus and will lower your credit score. The impact is larger for recent late payments and decreases over time, but the late payment remains on your report for seven years.

Can I change my payment due date?

You can request a due date change by contacting Target's customer service. They may allow you to move your due date to a different calendar day to better match your pay schedule, though this is not may provide and may depend on your account history.