Value retailer Target will restructure the rewards offered to holders of its branded credit and debit cards, swapping accrued discounts over time for an immediate 5% discount at the point of sale.
Starting this fall and in time, customers who use one of Target’s three types of REDcard products will get 5% deducted from their total bill when paying either in Target stores or online at Target.com.
Target, one of the few retailers to manage its own credit-card operations, currently offers customers a Target-branded Visa....