The two Target credit cards, called the Target Circle credit card and Target Mastercard, require credit checks and appear on your credit report. The Target Circle credit card is a store card that can only be used on Target purchases, while the Target Mastercard is an open-loop credit card that can be used anywhere Mastercard is accepted. The Target Circle credit card and Target Mastercards are actual credit cards that require credit approval and let you spend up to a specified credit limit.