Target is now offering a DEBIT card (called the Target Check Card). This is very interesting to me. Often I get offered a CREDIT card when checking out (or walking into a store like Home Depot) – but I don’t do credit. This time the checkout girl asked if I would “like to apply for a Target Debit Card”? I answered “no” before I realized what she said, then asked her to repeat the question. I asked her for some information to see what they offered. The cashier stated that everyone says “no” to the question and it took her a few moments to locate a pamphlet and application at her station. I took it home to look it over. Here is what I can gather are the pro’s & cons of this product:
- It’s a debit card, not a credit card, so I won’t owe somebody money next month for what I check out today.
- It’s tied to my checking account, so I won’t have to fund a separate account at a different bank or balance another checkbook.
- I can get up to $40.00 cash at the register, like using an ATM.
- It offers points towards a 10% discount and/or gives up to 1% of the money I spend there to a school of my choice.
- This would be another piece of plastic I would have to keep track of that does the exact same thing my bank’s debit card does.
- It does not have the same theft protections that my bank’s Visa Debit card offers (see Visa’s Debit card Zero Liability policy – click here )
That is the deciding factor for me. It’s just not worth carrying another thing with my name on it without the added benefit of the Zero Liability policy. And let’s just face facts: a disciplined person could utilize this card and come out with a couple of discounts, but I can’t call myself a disciplined person when I’m shopping at Target.