DON'T GET A RED DEBIT CARD.
I like target.
Its one of my favorite stores, but the red card is a scam. it's marketed as a no fee debit card that comes right out of your account. What I assume with a debit card is that they check your balance then they authorize the transaction. If you have money or overdraft your approved otherwise your declined.
Worst case you owe your back money for the overdraft protection. When you use your Target “debit” card you are writing a check. It will be presented to your bank several days later. If it doesn’t clear Target will charge you $30 and your bank may charge you the same, but you have also just written a hot check and can be arrested and charged with a misdemeanor..
and they could report you to the check systems as a hot check writer. What? They failed to mention this. The banks can't do this anymore without your permission on debit cards.
Target can because they are not a bank. Yes it did happen to me, except the reporting part. Three red card transactions all less than 3$ they charged me $90.
Oh but they ran the transactions again and they all cleared, so I didn't owe the 5$ just the 90$ fee. Shop target just stay away from the red card.
Product or Service Mentioned: Target Debit Card.
Monetary Loss: $90.