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Update: This promotion is now only available to new cardmembers. Currently the promotion has been extended through the end of 2015.
Discover is launching a fantastic promotion for both new and existing holders of their Discover It card. The offer doubles all cashback for the next 12 statement cycles.
During the promotion, the Discover It will earn cashback in the following way:
- 2% back on all normal purchases
- 10% back in rotating quarterly categories up to $1,500.
The bonus cashback is paid at the end of the 12 month promotion. While the application seems to indicate this is only for new cardholders, according to Doctor of Credit existing cardholders can register by calling Discover at 1-800-347-3085. In order to be eligible, existing cardholders need to be registered by July 31, 2015.
Terms
Double First Year Cash Back:After the first 12 consecutive billing periods that your new account is open, we will double all the cash back rewards you’ve earned and apply them to your account in the next billing cycle. You’ve earned rewards when they have posted to your account by the end of the 12th consecutive billing period. You will not receive Double Cash Back if your account is closed or no longer in the cash back reward program as of the award date. This promotional offer may not be offered in the future.
For more information and a full analysis of this offer, see this Doctor of Credit post.
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If anyone of you want 50$ referral bonus then do drop me an email to bavanidinesh@gmail.com, I shall refer you folks and if its approved we both get 50$ each, if you apply directly with discover there is no first use bonus available. If I am not wrong, the 50$ that you earn will be doubled after 1 year which would mean u earn $100 for just using your Discover card in first 3 months.
So does anyone have an idea on how you can manufacture spend these categories? I can obviously easily max out the amazon spend, but is there a simple way for the gas/restaurant/and holiday shopping categories? I’m curious because I read on DOC that you can have two discover it after a year. http://www.doctorofcredit.com/how-many-discover-cards-can-you-have/ So I’m wondering if I can apply for a new card and if there’s a very simple way I can ms it. Like how I can probably just buy amazon e-gfit cards on amazon or simply buy still to resell for my ebay business. However I don’t know if there are any simpler ways that involves VGCs for the other 3 categories….
[…] Discover It Double Cashback Promotion – Get up to 10% Back for a Year – Existing cardholders must register for this promotion by July 31. […]
Try contacting a referer on FT thread if you want the Discover IT. You can get $50 and referer can get $50.
I can also refer. Contact schnike7 at hotmail.com.