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Does Target Have Layaway, Payment Plans, And Rain Checks?

Does Target Have Layaway, Payment Plans, And Rain Checks

Do you have your sights set on a pricey item that you don’t currently have the money for?

Target is known for offering a wide range of products at low rates. This is a great place for smart shoppers to save a little money. Many major retailers offer customers some types of payment plans. This allows shoppers to get their hands on the products they need right away and pay for them in installments.

So, let’s find out, ‘does Target have layaway, payment plans, and rain checks?’

How Target Payment Plans Work?

Target works in partnership with a number of third-party financial companies to provide customers with financing options. This allows them to walk out of the store with certain products even if they cannot pay for them in full. These financing plans are available to customers who purchase products from a store or the company’s website.

Target works with QuadPay, Affirm, and Klarna34 to help customers finance their purchases. It is important to check out the details of the different payment options in advance. Once you reach the checkout, you simply need to choose your preferred payment option. 

How Target Payment Plans Work

Zip Pay 

Previously known as QuadPay, Zip Pay allows customers to split their payments into four installments. You usually have six weeks to pay off the total cost of the product. This can be a good option if you receive your salary every two weeks and don’t want to wait. 

Read more: Does Walmart Cash Checks on Saturday & Sunday?


You can make monthly payments through the Affirm website or the Affirm app. You can download the app onto your smartphone and take it shopping with you. Affirm users receive a virtual card and simply need to enter the card details at the checkout. You can then arrange to pay in convenient installments through the app or website. 


This financial company allows you to pay for items in four smaller payments. You can sign up via the Klarna website or app and link your account to your bank account. This allows the installments to be drawn directly from your bank account on a pre-arranged date. 

What happens when you miss a payment?

One of the great things about these payment plans is that you will not be charged interest. However, it is important to read the terms and conditions carefully. There is usually a late fee if you fail to pay the latest installment on or before the agreed date. Fortunately, financial companies send you reminders to help make sure this doesn’t happen. 

Included items

Payment plans can be used for most items that are sold in a Target store or on the website. The main exception is products that are sold and shipped by Target Plus Partners. This is because these items are sold by third-partner merchants, who offer more limited payment options.

If you are purchasing products online, you will see the available payment options at the checkout. Simply select the option you prefer and read the terms and conditions. You can speak to a store employee to arrange the payment plan that meets your needs best. 

Rain Checks

Finding the perfect product can often involve a lot of effort. If it is an expensive item, you are sure to spend time doing your research and reading reviews. Once you have decided which product you want, you will be ready to head on over to your local store.

Getting to the store and discovering the product is sold out is sure to be upsetting. The last thing you want is to go back to the drawing board and do your research all over again.

Rain Checks

Even if the price went up…

Fortunately, you can take advantage of the Target rain check policy to save yourself time and money. You can arrange to be notified when the product becomes available again in your local store. The best part is that you can buy it at the original price, even if the price has gone up.

Depending on the state you live in, the rain check lasts for between 30 and 45 days. However, the product will not be put on hold for you when it becomes available. You will need to be quick on the mark to grab it before stocks run out again. 

No reduced items…

According to the rain check policy, not all products are eligible. Items that have been reduced or put in clearance are not subject to a rain check. In addition, the policy does not apply to everyday low-price items. 

How to Save Money?

How to Save Money

Layaway is not offered when you purchase a product from a store or on the company’s website. Although you can arrange to finance, this is done through a third-party financial company. You are responsible for selecting the best option and making the payments.

If you want to save money on products, it is a good idea to sign up for a Target Red Card. You will receive a 5% discount each time you make a purchase when you present this card. The Red Card also gives you access to a range of exclusive offers and products. 

Retailers That Offer Layaway

Opting for layaway is a good way to manage your payments without having to use a credit card. However, it is important to note that many layaway programs come with cancellation charges and additional fees. For this reason, many major retailers have decided to stop offering these types of programs.

Retailers That Offer Layaway

Retailers that still offer layaway programs include:

  • Walmart
  • Kmart
  • TJ Maxx
  • GameStop
  • Big Lots
  • Kmart

Read more: How To Use Affirm at Walmart

A Few More Things To Know About Target!

Heading to your local superstore? Then let’s learn more about When Does Target Restock, so you’re not disappointed, or if you’re still studying, find out Does Target Have A Student Discount, or how about Where Can I Buy Target Gift Cards Besides Target, and even Does Target Sell Amazon Gift Cards if you’re buying a birthday present.

Is your local post office closed? Then you’re probably wondering Does Target Sell Stamps, or for monetary services, check out Does Target Do Cashback, as well as Does Target Do Money Orders, or for payment options, Does Target Take EBT and Does Target Take WIC?

Sometimes we retreat a purchase and would like a refund, for that, you’ll need to know more about the Target Return Policy After 90 Days, or if you’re as forgetful as me, take a look at the Target Return Policy Without Receipt for 2023.

Final Thoughts

Target does not usually offer direct payment plans or lease products for finance. However, the retailer works with a select number of finance companies. This allows you to pick up your goods immediately and pay the finance companies in installments.

will not be charged interest when you choose one of these financing options. However, it is important to note that late fees are usually charged if you miss a payment. You need to make sure that you keep track of your payments, especially if you purchase several items in installments.

Enjoy your convenient shopping at Target!

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