Looking closely at my first account statement, it's officially called "RedCard Reloadable Account". The reason I was actually interested in RCR was that I thought that, unlike the Target Credit Union card, it would be usable to obtain RC + TM benefits at target.com. However, the advisory notice came out that "
at this time" the RCR isn't accepted at target.com, other than as a regular VISA debit card (no 5% RC discount nor eligible payment for TM discounts).
Given it's been
years since they said that "
at this time" the Target CU cards can't be used for TM payment online, I expect it will be a long time b4 corporate gets around to coding these cards to save in the Target Wallet (or Target.com) for TM discount eligibility.
You can set up paycheck direct deposit. I may divert a small portion of my DD to the RCRA. Most of my direct deposit goes to a "big bank" which services my home mortgage, but some goes to Target Credit Union and I might switch that DD over to the RCRA.
When I applied, Target offered a $40 merchandise coupon as a bonus. My card arrived in the mail along with the bonus coupon. I did have to contact RCRA Customer Care to activate my card, it didn't seem to work correctly trying to activate on the app. I since have used the RCRA a few times, and joyfully spent the $40 merchandise coupon on Christmas gifts!
Finally, in case any of you are into the gritty details, I looked up the account issuer, "
Pathward, N.A., Member FDIC".
Pathward is based in Sioux Falls. Until August 2022 were known as "Metabank, N.A.". They sold the "Meta" name to Facebook for a large amount of money, reportedly $600 million, hence the name change. Pathward is a real bank, though without physical branches. Pathward (or "Metabank") issues most of Target's prepaid debit "gift" Mastercard and VISA cards. RCRA Customer Care is based out of Fortson, Georgia, not out of Minneapolis.
