Not cash back. They’re basically store credits for use in Target only. They show up in the wallet section of the app. There’s a toggle button to use them or toggle off if you don’t want to use them for the particular purchase. They can’t be used for gift cards, but can use them for most merchandise.
From the terms & conditions:
To redeem on
Target.com or the Target App, apply the Target Circle Rewards to your next online order during checkout on
Target.com or the Target App.
When you elect to redeem Target Circle Rewards, the entire amount will be applied to your next purchase as a Target discount. You cannot elect to apply only a portion of your Target Circle Rewards to a purchase. If your purchase is less than the amount of the Target Circle Rewards you have applied, the remaining amount may be unavailable for a second transaction until the first transaction has completed processing.
Target Circle Rewards are applied to the total purchase amount after all other discounts have been applied to the purchase transaction, except that if you use your Target Circle Card to pay for the purchase, any applicable Target Circle Card 5% discount will be applied to the transaction after the Target Circle Rewards are redeemed.
Target Circle Rewards cannot be redeemed for the following:
- adult beverage purchases;
- dairy product purchases;
- purchases of prescriptions and over-the-counter items located behind the pharmacy counter;
- purchases made at some partner businesses, including in-store clinics, Target Optical and Target Plus Partners;
- Same Day Delivery purchases, purchases made on the Shipt app and tips for shoppers;
- purchases made from Target through third-party sites such as Google Express;
- purchases of Target GiftCards;
- purchases of specialty gift cards and Visa, American Express and Mastercard gift cards/prepaid cards;
- purchases fulfilled via email (for example, video game digital downloads and digital specialty gift cards);
- taxes, bottle deposits, shipping, delivery, handling and all other fees or charges;
- payment of any Target Circle Card balance, debit card cash withdrawals at checkout and payments for insufficient funds;
- prior purchases; or
- where otherwise prohibited by law.