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That’s because Discover will double the cash back you’ve earned at the end of 12 months. This is a fantastic deal!
I’ll show you how to earn the most cash back!
What’s the Deal?
Link: Discover it
Discover has confirmed that all cash back you earn with the Discover it card will be doubled at the end of 12 billing cycles.
This includes 1% cash back from regular card purchases, rotating 5% cash back category bonuses, Discover Deals shopping portal offers, and refer-a-friend bonuses.
This is great news for folks who like to shop online. Because the Discover Deals shopping portal often pays the highest cash back!
Note: You do NOT have to be a new cardholder to earn double cash back for 1 year. If you already have the Discover it card, you can request double cash back by calling 800-347-3085.
Making the Most of the Deal
For example, you’ll earn 5% cash back on up to $1,500 in spending each quarter at:
- Home Improvement Stores, Department Stores, and Amazon (July 2015 to September 2015) – $75 cash back ($1,500 in spending X 5%)
- Holiday Shopping (October 2015 to December 2015) – $75 in cash back ($1,500 in spending X 5%)
And Discover will double the cash back you’ve earned after 12 billing cycles.
Let’s look at examples using the Discover Deals shopping portal.
From July 2015 to September 2015, you’ll earn 5% cash back on up to $1,500 in spending at department stores, including Macys.
I checked evreward to find the best cash back shopping portal deals. Through Discover Deals, you’ll earn an additional 10% cash back!
- $10 (10% cash back) from shopping through the Discover Deals portal
- $5 (5% cash back department store category bonus) for using your Discover it card
That’s a total of $15 (15%) cash back just to start. But Discover will double your cash back after 12 billing cycles, so you’ll actually earn $30 total (30% cash back!).
That’s a fantastic deal!
2. Home Depot
Also from July 2015 to September 2015, you’ll earn 5% cash back on up to $1,500 in spending when you use your Discover it card at home improvement stores, like Home Depot.
And by shopping through the Discover Deals portal, you’ll earn an additional 5% cash back!
So if you spent $100 at Home Depot by going through the Discover Deals portal 1st, and paying with your Discover it card, you’d earn:
- $5 (5% cash back) from shopping through the Discover Deals portal
- $5 (5% cash back home improvement store category bonus) for using your Discover it card
That’s $10 (10% cash back) immediately, which is doubled at the end of 12 months. So you’d earn a total of $20 (20% cash back).
Refer-a-Friend Cash Bonus Doubled, Too!
If you sign-up for the Discover it card using a friend’s referral link, you’ll earn $50 after you make a purchase in the 1st 3 months of account opening.
And so will your friend!
These bonuses are ALSO doubled after 12 months! So each of you will receive $100 cash back total.
And cardholders can refer as many as 10 friends a year. That’s $500 in referral bonuses, doubled to $1,000 after 12 months!
You can use my link, or in the comments, post your own for folks to use!
If you’re already a cardholder, you can get your Discover it referral link here.
Discover confirms it will double ALL cash back earned in your 1st 12 billing cycles with the Discover it card at the end of the 1st year.
Including cash back earned from category bonus spending, shopping through the Discover Deals online portal, and refer-a-friend bonuses.
This is a fantastic opportunity to stack these bonuses and earn 20% to 30% or more cash back on your purchases!
And if you want to share your refer-a-friend link in the comments, please do!