(EXPIRED) (Targeted) $25/$50 Bonus For Existing Discover Cashback Debit Account Holders

Discover has sent out targeted emails to existing Discover Cashback Debit account holders offering a bonus of $25 or $50 when making direct deposits of $250 or more for two consecutive months.

The Deal

• Complete a direct deposit of $250 or more in two consecutive months and get a bonus of $25 or $50.

Key Terms

• To qualify for the Bonus of $50 (or $25) to your Discover Cashback Debit account, a direct deposit in the amount of $250 or more must post to your Cashback Debit account in two (2) consecutive months.
• Deposits must post to your Cashback Debit account between 5/29/19 and 9/30/19 at 11:59PM ET.
• Maximum bonus eligibility is $50 per account.
• Account must be open when Bonus is credited.
• Bonus will be credited to the account by 10/31/2019.
• Offer is non-transferrable.
• Bonus is considered interest and will be reported on IRS Form 1099-INT.

Quick Thoughts

I was targeted for the $50 version of this offer, but Doctor of Credit reports that some members are being targeted for a lower bonus of $25.

DoC also has a useful resource sharing some data points of what’s qualified as a direct deposit in the past for Discover. Provided nothing has changed since those data points were submitted, there should be a fairly easy way to ensure you have a couple of $250+ direct deposits hit your account without needing to have your salary diverted to the account for a couple of months. If you have a Discover credit card, it might be worth waiting until July 1 to take advantage of one of the 5% Q3 categories, although that would involve losing some of the 5% cashback in fees.

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