 The Target Debit Card withdraws funds from the customer's existing checking account, and allows for up to $40 "cash back".The debit card allows guests to save five percent off each purchase.In late 2017, Target replaced its REDcard slogan "Save 5% Today, Tomorrow, & Everyday with Target REDcard" when it rolled out new benefits for REDcard holders by offering exclusive products on Target.com and preorders with "Everyday Savings.