Target Circle™ Card (Mastercard) Review
Overview
The Target Circle™ Card (Mastercard) is a category rewards card from TD Bank, running on the Mastercard network. The Target Circle™ Card (Mastercard) earns up to 2x on dining and gas, so it pays you the most exactly where you already spend. There is no annual fee, which means every dollar of rewards is pure profit. New cardholders can earn $50 in Target Circle rewards after $50 in the first 60 days.
It earns its keep without an annual fee, which is rare for a card with real bonus categories. That combination makes it a strong everyday keeper that you never have to justify paying for.
Think twice if: your spending does not line up with its bonus categories, or if you would rather not think about where you swipe at all.
Our 3.5 out of 5 rating
Each score weighs the rewards rate, value after the annual fee, welcome offer, points flexibility, and perks, with every point valued at a flat 1 cent. This is our editorial assessment to help you compare cards, not a guarantee of approval or of the value you will get.
Rewards: how it earns
Where the Target Circle™ Card (Mastercard) earns its rewards is its bonus categories: 2x on dining (about $60 a year on the $3,000 a typical household spends there) and 2x on gas (about $43 a year on the $2,160 a typical household spends there). Across a full year of average household spending, the card returns roughly $343 in rewards before any welcome bonus, so the more your spending overlaps those categories, the better it does.
| Category | Rate | Notes |
|---|---|---|
| Dining and restaurants | 2x | Bonus category |
| Gas | 2x | Bonus category |
| Groceries | 1x | Base rate |
| Travel | 1x | Base rate |
| Streaming | 1x | Base rate |
| Everything else | 1x | Everything else |
The fine print on rates: The 5% Target benefit is an instant discount, not earned rewards. The 2% and 1% accrue as Target GiftCard value redeemable only at Target, not as cash or transferable points. The Mastercard tier generally needs excellent credit.
Every point and mile above is valued at a flat 1 cent, the same honest standard we use for every card. Run your own spending through the calculator to see what this card would actually return for you.
Pros and cons
- 2x on dining
- 2x on gas
- No annual fee
- Welcome offer worth about $50
- Generally needs good to excellent credit to qualify
The welcome bonus
The current welcome offer is $50 in Target Circle rewards, earned after you spend $50 in the first 60 days. Valued honestly at a flat 1 cent per point, that is worth about $50. Stacking the welcome offer on top of a typical year of rewards and accounting for no annual fee, the first year is worth roughly $393.
Is the annual fee worth it?
The Target Circle™ Card (Mastercard) has no annual fee, so there is no break-even math to worry about. Every dollar of rewards is profit, and you can keep it open for free, which also helps the average age of your credit over time.
Benefits and protections
Beyond the rewards, the perks and protections worth knowing about include:
- Free two-day shipping on Target.com and extra time for returns
Statement credits
This card does not come with recurring statement credits. Its value is in the rewards rate and welcome offer.
Who should get it, and who should skip it
It is best for people whose biggest monthly spending is dining and gas and who want to maximize those categories without paying an annual fee.
Skip it if your spending does not line up with its bonus categories, or if you would rather not think about where you swipe at all.
Frequently asked questions
Best-card guides featuring this card
Offer details verified against issuer sources as of July 2026. Editorial opinions are our own. Cardocrat values all points at a flat 1 cent and never inflates redemptions.
