The main difference is that REDcard can only be used at Target seeing as it is no longer branded with the Visa logo, nor is it associated with any other major payment network. The good news is the rewards are better since the former Target Visa credit card only offered an initial 10% sign up bonus. The REDcard now offers an ongoing 5% discount on almost all purchases from Target. The former Target Visa had varying interest rates based on your creditworthiness that ranged between 13.25% and 22.90%. However, on the downside the APR is at 22.9% for everyone regardless of how good or bad your credit may be.