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This weekend only: Target’s big annual gift card sale

Summer Hull
Summer Hull
Director of Content
Summer Hull has been covering (and using) travel tips, rewards credit cards and loyalty programs for over a decade. She has flown close to a million miles, often on points and miles and with her family in tow.
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Jennifer Yellin
Contributor
Jennifer is a contributing writer to The Points Guy where she focuses on family travel. She is also the founder of Deals We Like where she helps her readers travel on a deal.
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Melissa Klurman
Melissa Klurman
Contributor
Melissa Klurman is a freelance travel reporter. Combining her journalism background with her love of exploring, Melissa turned her passion for travel into a profession, venturing everywhere from the Arctic to Zimbabwe in search of stories. She has worked as an editor at both Frommer's and Fodor's travel guides, editor at large for Bonnier's Travel Group (Islands/CTL/Saveur) and was a media spokesperson for both Fodor's and Travelocity. At Fodor's she created the first Southern Africa and African Safari guidebooks, which in turn has led to more than a dozen trips to southern and eastern Africa, including gorilla trekking in Uganda and a comically unfortunate horseback ride in the Kalahari Desert.
Dec. 02, 2023
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3 min read
Target Exterior
This weekend only: Target’s big annual gift card sale
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Black Friday and Cyber Monday are in the rearview mirror, but the deals haven't stopped just yet. In fact, this weekend only, Target will offer a Target gift card sale.

On Saturday, Dec. 2, and Sunday, Dec. 3, Target gift cards are 10% off in stores and online with a one-time-use Target Circle discount.

From milk and bananas to clothes, luggage, toys and home furnishings, Target is the one-stop destination for almost everything. It's pretty hard to go wrong buying a Target gift card for yourself or someone on your shopping list.

If you know you're likely to regularly shop at Target for the foreseeable future, buying discount gift cards now can help you meet a minimum credit card spending requirement to earn a sign-up bonus all while setting yourself up to save money on Target purchases over time. If you have some toy purchases to make for donations, these gift cards can make it easy to stretch those donation dollars 10% further, too.

To take advantage of the kickoff to the holiday savings, you'll first need to activate the offer in your Target Circle account. This limits the number of discounted gift card transactions to just one per account. You can purchase smaller denomination gift cards up to the $500 discounted maximum or one $500 gift card as long as your purchase is all in one transaction with the Target Circle offer activated.

A few restrictions apply:

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  • There's a limit of one offer per guest for purchasing Target gift cards online or in stores.
  • One transaction can include multiple Target gift cards worth up to $500, but there's a $50 maximum discount.
  • The offer excludes Visa Gift Cards, Mastercard Gift Cards, American Express Gift Cards and gift cards issued by other retailers.
TARGET

If you want to increase the value of this deal, you can pay for your discounted gift cards with a Chase Freedom Flex via the PayPal checkout option on the desktop Target website.

If you haven't already maxed out your $1,500 toward Freedom Flex's 5-points-per-dollar bonus categories for this quarter (including PayPal), you should earn 5 points per dollar spent on this purchase (activation is required).

With this payment option, you can buy a $500 Target gift card for $450 and earn 1,350 Chase Ultimate Rewards points (or $27 at TPG's current valuations of Ultimate Rewards at 2 cents per point) via PayPal with the Freedom Flex card. If you also have a premium Ultimate Rewards card, such as the Chase Sapphire Reserve, those 2,250 points you'll earn are worth over $46, according to TPG's valuations. That equals $96 in savings on a $500 purchase.

This payment strategy is particularly beneficial if you plan on spending those dollars at Target over the coming weeks and months. To possibly save even more, go through a shopping portal before clicking on the Target website. Know, though, that gift card purchases are typically excluded from earning cash back, so if you don't add anything else to your cart, you may not receive any shopping portal savings.

Featured image by TARGET
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.