If you want a 5% discount, can't you just get one of the other RedCards? They have 3 of them:
* Prepaid debit ("RedBird")
* Regular debit
* Credit
I think they all give the 5% discount.
That's correct. I was only implying the regulars here, that is people who already have Redbird. I wouldn't get the prepaid (Redbird) now just for that.
For people who don't need a merchant credit card (most MS-ers don't) and don't want to hurt their credit, it makes sense to get the debit REDcard, if they want to get a Target card just for the 5% off, free shipping from Target.com and 30 days extended return policy.