Yesterday I broke the news with the confirmation of a Target memo that May 5th would be the final day to load REDcards with a credit card.
Last night I did my final REDcard loads via a credit card.
This morning I went back to test the waters. Here are the results:
-Credit cards are indeed hard coded so that they can’t be loaded to REDcard, even if the cashier tries.
-Credit cards are also hard coded so that they can’t be loaded to the older American Express for Target cards, even if the cashier tries.
-I was able to use a Vanilla issued Visa gift card (like those sold at Office Depot and 7-Eleven) by using the last 4 digits of the card number as the PIN.
-I was able to use a Metabank issued Visa gift card (like those sold at Office Max and Staples) by using the last 4 digits of the card number as the PIN.
-I was not able to use a Staples Visa rebate card as the last 4 digits didn’t work as a PIN.
-I was not able to use an AMEX gift card as it also doesn’t have a PIN.
So not all is lost. They were very easy-going about loading gift cards to REDcard. And you are able to use multiple gift cards in one transaction using split tender.
You can still load $5,000 of Visa gift cards onto each REDcard per month. If you have an Ink card that’s 25,869 miles per month if you buy the Visa gift cards at an office supply store earning 5 points per dollar. Yes, you’ll pay $173.75 in gift card fees as opposed to it being free previously. But being able to obtain miles for that cheap is a bargain. A first class award in a lie-flat bed on an 11 hour flight Newark to Honolulu is just 30K Singapore miles. Or a Singapore suite from JFK to Europe is 57K miles.
Of course when the gift cards go on sale the numbers change completely. Currently you can get gift cards for below face value at Office Max and Office Depot. Or you can just buy gift cards online from Staples.
Don’t have an Ink card yet? The Ink Plus and Ink Cash cards are both offering 10K more points than normal for signups by 05/25.