Updated Dec 2, 2022 - Economy & Business

Target's gift card sale starts Saturday with 10% discount

Gift cards on display at Target store

Target holds a gift card sale in December. Photograph: Daniel Acker/Bloomberg via Getty Images

Target is bringing back a rare discount on one of the top holiday gifts — gift cards, according to its weekly online sales circular.

Why it matters: The National Retail Federation's annual holiday survey showed gift cards are expected to be a favorite gift once again with total spending projected to reach $28.6 billion, compared with $28.1 billion in 2021.

  • Holiday shoppers plan to purchase between three to four gift cards and spend an average of $51.47 per card or $165.87 per person, the survey found, which is similar to 2021.
  • Clothing is the top gift category with 55% of consumers planning to buy, followed by gift cards at 45%.
Target gift card deal 2022

Details: Get 10% off store gift card purchases up to $500 through its Target Circle loyalty program — for a maximum savings of $50.

  • The gift card discount is Saturday and Sunday.
  • Exclusions apply and the offer is available on in-store and online Target gift card purchases.

Flashback: Being a member of the loyalty program has been required to get the annual gift card discount since 2020.

Target holiday price match 2022

How it works: Shoppers qualify for a price adjustment on Target purchases made between Oct. 6 and Christmas Eve if store prices go down "any time on or before Dec. 24."

Meanwhile, Walmart has also extended its return window for the holidays.

Editor’s note: The headline was corrected to reflect that the sale starts on Saturday, not Friday.

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