Data point for Target Circle Bonus:
For the last round of bonuses (that ended 4/13), I had a spend $70 get $10 bonus reward. Terms were as follows:
“Qualifying purchases exclude alcohol, Target GiftCards, Visa, American Express and Mastercard gift cards/ prepaid cards, CVS pharmacy, clinic, and Target Optical. See the Target Circle program rules for complete list of excluded items. Restrictions apply. See terms & conditions below.”
I bought $25 and $50 (total $75) emailed REI gift cards. This did not trigger the bonus.
I reached out through the Target chat yesterday, and they insisted that all gift cards were excluded now. I asked what specific part excluded third party guards and they stated it was the “prepaid cards” part. (The way it’s worded should only applied to Visa etc. cards, but they insisted that meant it wasn’t allowed.) As a one time courtesy they would grant the $10 bonus.
Not sure if anyone else ran into this, but thought I’d share.