Target to trim price of iPhone 5C to $50

Customers can slash an additional 5 percent off the price tag by using a Target REDcard.

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Starting Sunday, Target buyers can pick up the iPhone 5C for $50.

The retailer's new 5C price presents a savings of $30 off the former $80 price. The new price is good at Target Mobile centers across more than 1,500 Target stores in the US and requires the usual two-year contract with the carrier of your choice.

Customers equipped with a Target REDcard can reduce the price an additional 5 percent. Target also offers an electronics trade-in program that doles out gift cards in exchange for used phones, tablets, laptops, cameras, and other gear.

Consumers will also find discounted deals at other retailers. Walmart offers the 5C for $45 while Radio Shack rewards 5C buyers with a $50 gift card.

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