Does Target have layaway? Before we get to the Target Layaway Policy, let’s cover the basics. While the use of credit cards has somewhat lessened the popularity of layaway over the years, layaway is still an excellent option for many who want to make payments on larger purchases with no interest — not to mention that for plenty of parents, the fact that the store keeps the items until they are paid off and picked up is a bonus to keep them away from prying eyes before a big holiday.

In this article, we are going to take a look at one of the most popular stores in the U.S., Target, and give you details about the Target layaway program. We’ll also take a look at stores similar to Target that offer layaway.

Included in This Article:

  • Does Target Have Layaway? What Is the Target Layaway Policy?

  • Other Payment Methods Target Accepts en Lieu of Target Layaway

  • Similar Retailers That Offer Layaway

  • Things to Consider Before Committing to Layaway

  • And More…

Does Target Have Layaway?

No, Target does not currently offer layaway as an option. When you review the company’s Help section and choose “Payment Methods,” layaway does actually appear in the topics menu, but there is no information provided. A call to several Target locations confirmed that the retailer does not offer layaway.

If you try a Google search for “Target layaway,” you may come across a site called elayaway.com, which has a page with the Target logo. The company is not affiliated with Target or any of the other companies listed on this site. Rather, eLayaway offers personal loans that can be used to purchase anything from anywhere. They simply position it as a “layaway” option, when in reality it is not the same thing. To restate the above information, layaway at Target does not exist. Target online layaway isn’t even an option.

Purchasing Options at Target en Lieu of a Target Layaway Option

Although Target layaway plans do not exist, Target does offer a number of other payment methods and purchasing options. Accepted payment methods include cash, business and personal checks, Target REDcard (Target debit or credit card), third-party debit and credit cards, Target gift cards, third party gift cards from American Express, Discover, Visa, and MasterCard, merchandise vouchers from a return, U.S. traveler’s Checks, Canada traveler’s checks (only in stores that can accept Canadian currency), WIC, PayPal (online sales only), and ApplePay. Full details on Target’s payment methods can be found on the company’s website.

Ship to Store Option: Yes. You can order online and ship to your local Target for free.
Wish List Option: Yes. Check out the Target online wish list option.
Locations: Find your nearest Target location.

Large Retailers Similar to Target That Offer Layaway

With no layaway option from Target, many people will wonder, “What stores offer layaway then if Target doesn’t offer layaway?” There are several large retailers that do offer the opportunity to choose items, make payments on them, and pick them up after you’ve paid all the installments. Below is a list of the retailers most similar to Target and the details on each company’s layaway policies.

Kmart

  • Does Kmart Offer Layaway?: Yes. Check out the Kmart layaway details.
  • Is there a Fee?: Yes. $5 Online & In-Store, $10 In-Store only (total of $300 or more)
  • Down Payment Requirement: $10
  • In-Store Only?: No, layaway is available both online and in-store.
  • Categories of Products Included: No specific categories mentioned, but if shopping online, the item will specify “Available for Layaway.” Here is a list of items not allowed.
  • Minimum Purchase Requirement: None specified.
  • Minimum Payment Requirement: For purchases less than $300, four payments made in total, payment due every two weeks (eight-week contract). For purchases of $300 or more, six payments made in total, payment due every two weeks (12-week contract). A seven day grace period is given for a missed payment.
  • Fee for Cancellation: $10 cancellation fee (except where prohibited by law) for purchases less than $300. $20 cancellation fee for purchases of $300 or more.
  • Date Items Must Be Picked Up By: By the end of either the eight-week or 12-week contract.
  • Layaway Offered Year-Round: Yes.
  • Where are Payments Made?: Any register or online at kmart.com/layaway.
  • Accepted Payment Methods: Check out the list of Kmart’s accepted payment methods.
  • Locations: Find your local Kmart.

Walmart

  • Does Walmart Offer Layaway?: Yes. Check out the Walmart layaway details.
  • Is there a Fee?: No
  • Down Payment Requirement: $10 or 10%, whichever is greater
  • In-Store Only?: Yes
  • Categories of Products Included: Electronics, Toys, Infant Toys, Infant Furniture, Small Appliances, Large Furniture, Auto Electronics, select Sporting Goods, and Jewelry.
  • Minimum Purchase Requirement: $50
  • Minimum Payment Requirement: No.
  • Fee for Cancellation: $10 cancellation fee (except in Ohio, Maryland, Rhode Island or District of Columbia)
  • Date Items Must Be Picked Up By: December 12, 2016
  • Layaway Offered Year-Round: No (except for Jewelry in some stores). Only offered between 9/2/16 to 12/12/16, with the exception of Thanksgiving Day, November 24, 2016.
  • Where are Payments Made?: Pick-Up Desk or any register.
  • Accepted Payment Methods: Check out the list of Walmart’s accepted payment methods.
  • Locations: Find your local Walmart.

Sears

  • Does Sears Offer Layaway?: Yes. Check out the Sears layaway details.
  • Is there a Fee?: Yes, except where prohibited by law. $5 for an eight-week contract (less than $400 purchase), $10 for a 12-week contract ($400 or more purchase).
  • Down Payment Requirement: $0 down in-store, $0.01 down online.
  • In-Store Only?: No, layaway is available both online and in-store.
  • Categories of Products Included: No specific categories mentioned, but if shopping online the item will specify “Available for Layaway.”
  • Minimum Purchase Requirement: None specified.
  • Minimum Payment Requirement: For purchases less than $400, four payments made in total, payment due every two weeks (eight-week contract). For purchases of $400 or more, six payments made in total, payment due every two weeks (12-week contract). A seven day grace period is given for a missed payment.
  • Fee for Cancellation: $15 cancellation fee (except where prohibited by law) for purchases less than $400. $25 cancellation fee for purchases of $400 or more.
  • Date Items Must Be Picked Up By: By the end of either the eight-week or twelve-week contract.
  • Layaway Offered Year-Round: Yes.
  • Where are Payments Made?: At the store or at sears.com/layaway.
  • Accepted Payment Methods: Check out the list of Sears’ accepted payment methods.
  • Locations: Find your local Sears.

Burlington Coat Factory

  • Does Burlington Coat Factory Offer Layaway?: Yes. Check out the Burlington Coat Factory layaway details.
  • Is there a Fee?: Yes. $5 fee (plus tax where applicable).
  • Down Payment Requirement: 20%
  • In-Store Only?: Yes
  • Categories of Products Included: All merchandise store-wide.
  • Minimum Purchase Requirement: None specified.
  • Minimum Payment Requirement: No.
  • Fee for Cancellation: $10 cancellation fee (plus tax where applicable)
  • Date Items Must Be Picked Up By: December 24, 2016
  • Layaway Offered Year-Round: Possibly, at certain stores.
  • Where are Payments Made?: In store.
  • Accepted Payment Methods: Check out the list of Burlington’s accepted payment methods.
  • Locations: Find your local Burlington Coat Factory.

Marshalls

  • Does Marshalls Offer Layaway?: Yes (but check with your local store, as not all locations offer it). Check out Marshalls layaway details.
  • Is there a Fee?: Yes. $5 fee.
  • Down Payment Requirement: $10 or 10%, whichever is greater.
  • In-Store Only?: Yes
  • Categories of Products Included: All merchandise except jewelry items that have been marked down, food items, and furniture. See store for any other restrictions.
  • Minimum Purchase Requirement: None specified.
  • Minimum Payment Requirement: No.
  • Fee for Cancellation: $5 cancellation fee.
  • Date Items Must Be Picked Up By: 30 days from date of initial layaway contract.
  • Layaway Offered Year-Round: Yes.
  • Where are Payments Made?: In store.
  • Accepted Payment Methods: Check out the list of Marshalls’ accepted payment methods.
  • Locations: Find your local Marshalls.

Toys “R” Us

  • Does Toys “R” Us Offer Layaway?: Yes. Check out the Toys “R” Us layaway details.
  • Is there a Fee?: Yes. $5 fee.
  • Down Payment Requirement: 10%
  • In-Store Only?: Yes
  • Categories of Products Included: No exclusions specified.
  • Minimum Purchase Requirement: No.
  • Minimum Payment Requirement: Payments must be made every 30 days as follows: 40% of the total price of the order within 30 days; 70% within 60 days, and the total price of the order must be paid within 90 days or prior to the end of the Holiday Layaway period, whichever is earlier.
  • Fee for Cancellation: $10 cancellation fee.
  • Date Items Must Be Picked Up By: 90 days from date of initial layaway contract or at the end of a holiday promotional layaway period.
  • Layaway Offered Year-Round: Yes.
  • Where are Payments Made?: Any register in-store or online at www.toysrus.com.
  • Accepted Payment Methods: Check out the list of Toys “R” Us’ accepted payment methods.
  • Locations: Find your local Toys “R” Us.

Large Retailers Similar to Target That Do Not Offer Layaway

In our search of retailers that offer a layaway option for purchases, we also ran across some popular retailers that, like Target, do not offer layaway as an option at this time. Major retailers without a layaway option include the following:

Things to Consider When Using Layaway

When someone is thinking about using a layaway program, there are some things that are worth considering before committing to an extended layaway contract. To be sure you’re making the best decision possible for your holiday purchasing needs, think about the following:

  • Will you miss any upcoming sales by purchasing now?
  • How much are you going to pay in fees or cancellation penalties?
  • Can you make the required payments?
  • Will you save time by purchasing for layaway now rather than waiting?
  • Do you fully understand any penalties for not paying the balance by the deadline?
  • Does your credit card offer incentives for use that may cost you less than layaway in the long run?
  • Is the convenience of “storing” your items at the store before the holidays a benefit to you?

Target Layaway: Conclusion

While Target may not offer a layaway option, you can still use either a Target REDcard or other credit card to purchase items now and pay for them later. Of course, you might miss out on the benefits of layaway, which includes free storage of your items while you are paying for them. If you have your heart set on layaway, several other large retailers, like Walmart and Kmart, offer a layaway program for fairly low fees and minimal penalties. Many of the stores with a layaway option offer layaway online, allowing busy holiday shoppers to make their purchases from home. Check out this First Quarter Finance article detailing Walmart’s layaway policy.

Layaway may not be the best option for everyone. But it’s good to know where you can go to get it when you need it, so you can take advantage of all available options for the holidays as well as other major shopping events throughout the year. Target layaway may not exist but you still have options.