U.S. Markets closed

Target's gift card sale is Sunday. Here's what you need to know and how to save 10%

Kelly Tyko, USA TODAY

Hands down, this Sunday is the best day of the year to buy Target store gift cards.

For one-day only Dec. 8, you can save 10% on Target gift card purchases up to $300 in stores and online. Target announced the Sunday special, which is part of its weekend "HoliDeals," in a blog post.

With gift cards continuing to be the most popular holiday gift, this is a rare chance to stock up and save on Target gift cards for gifts or to keep for yourself. 

For the 13th year in a row, the National Retail Federation found gift cards were the most popular item on holiday wish lists and requested by 59% of those surveyed.

The cards will be redeemable starting at 10 a.m. CT Dec. 9.

Looking for tech gifts?: Best Buy kicks off '12 Days of Deals' Monday with themed sales through Dec. 20

Starbucks Happy Hour: Here's how to get a free Starbucks drink every Thursday in December

Target's gift card sale is Dec. 8 and store gift cards are 10% off. Some exclusions apply.

Gift cards can be added to the Target app to redeem at checkout and used with the new Target Circle loyalty program, which launched nationwide in October. With the free program, members can earn 1% on every purchase to redeem on a future Target trip and take advantage of other discounts.

Shoppers with a Target RedCard credit or debit card aren’t eligible to earn 1% with the loyalty program when they pay with a store-branded card but will continue to get 5% off store purchases including select gift cards year round. However, store gift cards are excluded from the cardholder perk.

Target has another "HoliDeal" promotion. Through Sunday, get a free $10 gift card when spending $30 on beauty products.

According to the Dec. 8 weekly ad posted at Target.com, through Dec. 14, select gaming gift cards are buy one, get one 10% off and there are coupons for $10 off a $50 toy purchase and $25 off a $100 toy purchase. Some exclusions apply.

The fine print

Here are a few other caveats of the gift card sale:

  • The minimum gift card purchase is $10, and the maximum is $300 with a $30 maximum discount per household.
  • The limit is one transaction of up to $300 in Target gift cards on Target.com.
  • The offer doesn’t include Target Visa gift cards, Target MasterCard gift cards, Target American Express gift cards or gift cards that other retailers have for sale in the store.
  • Offer excludes reloads of previously purchased Target gift cards and cards given in exchange for electronic or prepaid trade-ins, cards provided for merchandise returns and cards provided as free promotional card with qualifying purchase.

Target Circle guide: Here's what you need to know about the new shopper loyalty program

Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko

This article originally appeared on USA TODAY: Target gift card discount: Save 10% on store gift cards Dec. 8