(EXPIRED) Stack 5% off Target eGCs + 5% back from Freedom / Discover

Sorry, this deal is no longer available. Do you want to be alerted about new deals as they’re published? Click here to subscribe to Frequent Miler's Instant Posts by email.

Target is currently offering 5% off on e-gift card purchases up to $25 off of $500 per household. That’s not a terribly exciting deal on its own, but it would stack well with 5% back at Target via the Chase Freedom or Discover IT card Q4 bonus categories (which are each valid on up to $1500 in total purchases) as you’d end up with a net 9.75% off of face value (or do even better if you’re in the first year on a Discover IT card and still working on your cash back double for the year). Note that this is only valid Friday and Saturday 11/8 and 11/9.

club carlson visa

The Deal

Key Terms

  • Valid through 11/9
  • Max discount of $25 off of $500 per household
  • Offer applies to email and mobile delivery of Target GiftCards only – not valid on physical cards
  • Only valid on Target gift cards (not 3rd party cards or Target Visa Gift Cards, etc)

Quick Thoughts

As noted at the top, 5% off on Target gift cards is a decent discount given you are buying direct rather than risking the secondary market. However, if you’re stacking with 5% back via Discover / Chase, the discount may certainly be appealing enough. Your net cost for a $500 gift card would be $451.25. While Discover is offering 5% back on Target this quarter, Chase is offering 5% back on PayPal purchases. I checked to make sure that PayPal could be used for Target.com email gift purchases, and it can:

If you aren’t sure that you’ll otherwise max out this quarter’s Chase Freedom or Discover IT bonus categories, this can be a good way to lock in the cash back with a discount you can use in a future quarter (just don’t forget to activate the bonus categories first — see this post for an activation link)

This can also be a decent way to work towards spending requirements if you are a regular Target shopper and you need to hit spend in the near future. With Black Friday sales coming and Target’s annual 20% off coupons on the horizon, locking in an extra discount now could stack on your savings later.

H/T: Doctor of Credit

Last updated on November 9th, 2019

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

More articles by Nick Reyes »

Regarding comments: Comments posted at the bottom of Frequent Miler pages and posts are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

5
Leave a Reply

avatar
4 Comment threads
1 Thread replies
6 Followers
 
Most reacted comment
Hottest comment thread
5 Comment authors
CynthiaPattyPoints For FourNick ReyesDaveP Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of
DaveP
Guest
DaveP

Doesn’t using Freedom card via PayPal incur credit card fee? How do you truly get 5x using a credit card via PayPal?

Points For Four
Guest
Points For Four

Could one then use the $500 target gift to buy a $500 Disney gift card?

Patty
Guest
Patty

Thank you! Freedom this quarter has been really tough for me since I can’t do Samsung Pay on my phone and I rarely find a Chase Pay at the places I go to.

Cynthia
Guest
Cynthia

The last few years Target has had a 1-day sale right after Thanksgiving for 10% off gift cards. Chances that they’ll do it again? I would think that’s a better offer and would still stack with the Freedom and Discover bonuses.