https://www.target.com/c/gift-cards/-/N-5xsxu
Terms & conditions
$5 Target GiftCard when you spend $50 or more on Happy and Thanks Teacher gift cards. Not valid on previous orders. Redemption limit one gift card per guest. Offer excludes items sold & shipped by Target Plus™ 3rd Party Partners and clearance items. Quantities limited. Your account will be charged the amount of the qualifying item reduced by a Target discount in an amount equal to the amount of the gift card, and a separate charge for the amount of the gift card will be assessed. Specialty, pre-paid and all gift cards (e.g., Target GiftCards, Target™ Visa®, Mastercard®, or American Express® Gift Card, restaurant, entertainment, lottery cards) cannot be returned or redeemed for cash or credit except where required by law. Pricing, promotions and availability may vary by location and on Target.com. Offer expires 8/7/2021 at 11:59pm PT.
https://www.target.com/c/gift-car...5xsxuTerms 
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No, you cannot use Target gift cards to purchase third-party gift cards.
"ONLINE EXCHANGE REQUIRED"
meaning that you can't take the gift card directly to the B&M location to use. In fact, I believe the recipient has to make a choice between the selection, and only that store is good. For example, you can't use some at Chipotle and the rest at Lowe's.
I hope I'm wrong, but that exclusion swayed me from purchasing one of those in the past. Still a good deal (10% back plus 5% off via Red Card) if you don't mind the hoops.
it's not the entire specialty gc category, right?
No, you cannot use Target gift cards to purchase third-party gift cards.
"ONLINE EXCHANGE REQUIRED"
meaning that you can't take the gift card directly to the B&M location to use. In fact, I believe the recipient has to make a choice between the selection, and only that store is good. For example, you can't use some at Chipotle and the rest at Lowe's.
I hope I'm wrong, but that exclusion swayed me from purchasing one of those in the past. Still a good deal (10% back plus 5% off via Red Card) if you don't mind the hoops.
For those that have done it, is the procedure pretty much redeem/exchange it for a Lowes egift card to be used online or in-store? How long is the process? I'm planning to spend about $500 in Lowes anyway, so it's still 10% back/off.
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