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Since October 12, 2015, the prepaid REDcard (Redbird) can only be loaded at Target with cash. It can still be loaded online with a bank-issued debit card, up to $200/day and $1K/month.

Therefore, for MS (manufactured spending) Redbird is now considered dead. RIP!

Author Topic: The Target Prepaid REDcard  (Read 1960537 times)

Offline JayR

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Re: The Target Prepaid REDcard
« Reply #5000 on: February 09, 2015, 04:07:27 PM »
I didn't get such an email, but it could be this is the cause. Is this the same as a typical fraud alert, or does this mean they are suspicious of what I'm doing?
Do you have banks linked to the REDcard? Are they yours or other people's? If yes, then that could be suspicious to Target.
You can modify your original post. The modify button is right next to the quote button.

Offline ChaimMoskowitz

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Re: The Target Prepaid REDcard
« Reply #5001 on: February 09, 2015, 04:09:20 PM »
I tried the 2nd $1000 10 min after my first one. Separate transaction.
That's odd.
I just found a new supply of forks!

Offline Hatastah

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Re: The Target Prepaid REDcard
« Reply #5002 on: February 09, 2015, 04:10:32 PM »

Do you have banks linked to the REDcard? Are they yours or other people's? If yes, then that could be suspicious to Target.
I have my own BofA account linked, transfer most of my loads to there shortly after loading. No other bank accounts linked

Offline clear thinker

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Re: The Target Prepaid REDcard
« Reply #5003 on: February 09, 2015, 04:11:39 PM »
How are you people dealing with 1099 that gets issued after swiping 20k?

Offline ChaimMoskowitz

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Re: The Target Prepaid REDcard
« Reply #5004 on: February 09, 2015, 04:17:40 PM »
How are you people dealing with 1099 that gets issued after swiping 20k?
Say what?
I just found a new supply of forks!

Offline JayR

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Re: The Target Prepaid REDcard
« Reply #5005 on: February 09, 2015, 04:20:01 PM »
From WIKI
Quote
There is no tax event in loading your RedCard.  Even if it was reportable, it would only get a 1099 if, in a year, you did more than 200 transactions AND gained more than $20,000.
You can modify your original post. The modify button is right next to the quote button.

Offline hvaces42

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Re: The Target Prepaid REDcard
« Reply #5006 on: February 09, 2015, 04:21:16 PM »
I dont know his name. But he was very friendly, and eager to help me. As are all thye cashiers. The trick is to go when the lines are empty. Case the joint, and you'll see when those times are. Late at night...early on some days...
The last thing you want to do is hog the line, so if a line forms, complete that transaction and move aside.
Or if you see that the cashier thinks you are doing something fishy (which you are NOT), just move over to the next line, or go upstairs, if there is one.

Location: Cleveland.

Look for a young male African American. really nice guy.
Wow...There is only one C Heights...and it aint in Ohio if you know what I mean. I thought u were in NY. I do agree that early in the day and late at night have been the best times to load. Have had very easy times when the store was quiet.
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Offline benjie1305

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Re: The Target Prepaid REDcard
« Reply #5007 on: February 09, 2015, 04:23:38 PM »
From WIKI

Not that difficult to have 200 transactions for people that are buying themselves 4-10 RC's (like I have seen on the RC selling thread). If you then include how many places now have 1k limit or sep transactions for 2.5k that 200 comes faster than you think.
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Offline sueaberman

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Re: The Target Prepaid REDcard
« Reply #5008 on: February 09, 2015, 04:25:44 PM »
I also was not able to do 3 transactions for one swipe so I did 3 separate ones which all went through but before I could do any  I did get a fraud alert on my credit card which I called and cleared up.  They said it was based on my $500 charge at target last month and now $1000.  I took care of it on the phone and now it all seems ok.

Offline JayR

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Re: The Target Prepaid REDcard
« Reply #5009 on: February 09, 2015, 04:26:09 PM »
Not that difficult to have 200 transactions for people that are buying themselves 4-10 RC's (like I have seen on the RC selling thread). If you then include how many places now have 1k limit or sep transactions for 2.5k that 200 comes faster than you think.
Then, maybe switch to GC's to avoid the hassle. Unless, the activation fees aren't worth it.
You can modify your original post. The modify button is right next to the quote button.

Offline D.

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Re: The Target Prepaid REDcard
« Reply #5010 on: February 09, 2015, 04:31:43 PM »
Would the (unlikely) 1099 be based on loads to the RC or on transfers out from the RC?

Offline sueaberman

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Re: The Target Prepaid REDcard
« Reply #5011 on: February 09, 2015, 04:33:24 PM »
not such a big hassle just wondered if I were to have a problem with either credit card or red card as I am trying to meet thresholds.

Offline hvaces42

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Re: The Target Prepaid REDcard
« Reply #5012 on: February 09, 2015, 04:35:16 PM »
Not that difficult to have 200 transactions for people that are buying themselves 4-10 RC's (like I have seen on the RC selling thread). If you then include how many places now have 1k limit or sep transactions for 2.5k that 200 comes faster than you think.
20k +200 transactions on 1 card. What difference does it make if you have more than one. Its one per social, remember? so its 6 transactions per month to load that gets you to 72 swipes a year. You still have 128 different ways that you can unload. Thats 10 bill pays / transfers a month and you have change left. How do you get to 200 transactions without being silly???
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Offline Marco Polo

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Re: The Target Prepaid REDcard
« Reply #5013 on: February 09, 2015, 04:35:33 PM »
not such a big hassle just wondered if I were to have a problem with either credit card or red card as I am trying to meet thresholds.
Once you establish a pattern, you shouldn't have issues.
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Offline AnonymousUser

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Re: The Target Prepaid REDcard
« Reply #5014 on: February 09, 2015, 04:35:50 PM »
Not that difficult to have 200 transactions for people that are buying themselves 4-10 RC's (like I have seen on the RC selling thread). If you then include how many places now have 1k limit or sep transactions for 2.5k that 200 comes faster than you think.
It's 200 transactions on 1 account.
Would the (unlikely) 1099 be based on loads to the RC or on transfers out from the RC?
Probably both.

Offline benjie1305

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Re: The Target Prepaid REDcard
« Reply #5015 on: February 09, 2015, 04:36:55 PM »
20k +200 transactions on 1 card. What difference does it make if you have more than one. Its one per social, remember? so its 6 transactions per month to load that gets you to 72 swipes a year. You still have 128 different ways that you can unload. Thats 10 bill pays / transfers a month and you have change left. How do you get to 200 transactions without being silly???

It's 200 transactions on 1 account.Probably both.

Fair enough. Thanks.
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Offline ChaimMoskowitz

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Re: The Target Prepaid REDcard
« Reply #5016 on: February 09, 2015, 04:48:29 PM »
It is a PP debit card. There is no 1099 issued. Stop with this nonsense.  ::)
I just found a new supply of forks!

Offline hvaces42

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Re: The Target Prepaid REDcard
« Reply #5017 on: February 09, 2015, 04:56:23 PM »
It is a PP debit card. There is no 1099 issued. Stop with this nonsense.  ::)
Would you like to reconsider?

From the RedCard User Agreement:

"12. Your Liability...
...
b. Taxes.
As a result of new IRS rules, we may be required to report to the IRS and to you on Form 1099K the gross amount paid to you and received into your Account and, as applicable, Sub-Account(s). In order to carry out this required reporting, We will require your correct legal name and correct and valid Taxpayer Identification Number (usually your Social Security Number or Employer Identification Number) and, in some cases, a valid and complete Form W-9. Where you do not supply correct information, the IRS notifies us that it does match its records, or as otherwise required by Applicable Law, we will be required to back up withhold 28% of gross payments made to your Account. It is your responsibility to determine what, if any, taxes apply to the payments you make or receive and amounts you need to collect, report, or remit to the appropriate tax authority."

IRS 1099-K reporting requirments:

1099-K Reporting Requirements for Payment Settlement Entities
Beginning in January, 2012, payment settlement entities (PSEs) are required by the Housing Assistance Tax Act of 2008 to report on Form 1099-K the following transactions:
All payments made in settlement of payment card transactions (e.g., credit card);
Payments in settlement of third party network transactions IF:
-Gross payments to a participating payee exceed $20,000; AND
-There are more than 200 transactions with the participating payee.
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Offline Tzafnas Paneach

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Re: The Target Prepaid REDcard
« Reply #5018 on: February 09, 2015, 04:59:02 PM »
When adding a credit card company as bill option and it asks for the account number do I just put down the credit card number I would like them to pay off or can I just do xxxx last four numbers?

Offline Marco Polo

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Re: The Target Prepaid REDcard
« Reply #5019 on: February 09, 2015, 05:00:19 PM »
When adding a credit card company as bill option and it asks for the account number do I just put down the credit card number I would like them to pay off or can I just do xxxx last four numbers?
CC number.
Quaerite et Invenietis.