Discover is offering a double cashback bonus on up to $1000 in holiday purchases on any online shopping from November 15, 2010 through December 31, 2010. You must log in to your Discover Card account and click the “Sign Up Now” button or visit www.discovercard.com/holidaydouble for full details.
Sign up to earn 2% Cashback Bonus on Internet purchases from 11/15/10 (or the date on which you sign up, whichever is later) through 12/31/10, subject to a cap of $1,000 in purchases. These purchases must post to your account by 12/31/10. If a purchase is not classified as an Internet purchase, it will not qualify. Purchases earning 2% Cashback Bonus will not count toward your total annual purchases to determine your tier level. Allow up to 5 weeks for this reward to be added to your Cashback Bonus account. Only Discover More, Open Road and Motiva Cardmembers are eligible to participate in this program. See Cashback Bonus Program Terms and Conditions for further details.
If you’re a Discover Card holder, it’s time to check your mail. From February through June 2010, Discover is running a special promo to targeted cardholders. If you’re eligible, you can earn a $500 bonus for spending at least $2,000 each month from February 2010 through June 2010. To enroll:
1) Call 1-866-645-1436 from January 1, 2010 to February 1, 2010 and let us know you’d like to stop using other cards and switch your spending to Discover.
2) Use Discover for all your purchases like groceries, gasoline, electronics as well as monthly bills like cell phone, internet and cable.
3) Earn an extra $500 CashBack Bonus – just for making $2,000 in purchases with your card in each month from February 2010 through June 2010. Remember, this is in addition to the CashBack Bonus you can earn every time with your card.
For a limited time, when you spend $50 or more on select items sold by Amazon.com in Apparel, Electronics, Software, Video Games, and Computers, you will get $10 off when you pay with your Discover Card. Items that qualify for this promotion will display a message under the “Special Offers and Product Promotions” section. After you’ve added qualifying items that total $50 or more and update your payment form to your Discover Card, the discount should be reflected in your cart. For the full terms of the promo, see this link. For examples of items eligible for the discount, see this SD thread.
Discover Card holders can earn a 2% cash back bonus on up to $1,000 in holiday purchases at department stores, clothing stores, shoe stores, jewelry stores or any online shopping with their Discover More, Open Road, or Motiva card from November 15 through December 31, 2009. Purchases must post by December 31.
To earn this bonus, you must sign up for this promotion by logging into your Discover account. Click on rewards tab and you will see the “Double Cash Back Bonus” under the current 5% advertisement. (Via SD)
The Credit Card Accountability, Responsibility and Disclosure Act, signed earlier this year, is already paying dividends for consumers. As the WSJ reports, Amex and Discover cardholders should soon be receiving notices that they will no longer be charged fees if they exceed their credit limit. This move was spurred by the credit card act that expressly prohibits issuers from levying fees unless the consumers have explicitly requested to surpass their limit and have indicated they are willing to pay to do so.
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Some sweeping changes are coming to your Discover Card, and unfortunately, most of them are not good. Effective for billing periods after May 1, 2009, a number of changes to its cash back program will be made:
- Cash back redemptions, which either are transferred to a bank account or issued as statement credits, will now only start at $50, and must be made in multiples of $50.
- In addition, gift card redemptions will still start at $20 but no longer need to be in multiples of $20.
- Transactions conducted in a foreign currency will begin being charged a 2% fee.
- Perhaps most importantly, the first $3000 of annual spend only earns 0.25% cash back. Spending above $3000 continues to earn 1%.
Additionally, there are some changes to the terms for those who do not pay in full. Thanks to reader Robert for alerting us to these changes.
Now through November 30, 2008, you can get $4 off your purchase of movie tickets at Fandango when you use your Discover Card. Discounts are limited to one per Discover card holder. To access this deal, you must purchase tickets through this link.
Fandango also has a “buy one get one free” ticket offer with MasterCard for Madagascar: Escape 2 Africa. That offer can be found here. Despite the promo showing an expiration date of 11/2/08, it is still reportedly working. (Via SD)
Discover will be removing both the minimum and maximum balance transfer fees on its consumer and business credit cards, effective November 1, 2008. Currently, balance transfers are assessed a fee of 3% with a $10 min and $75 max for consumer accounts. As of next month, all balance transfers will be subject to a flat 3% fee.
Discover seems to be following an industry-wide trend, as this move closely follows Chase’s decision to remove the balance transfer fee caps on nearly all of its cards. Discover and Chase join Citi, which also eliminated the max balance transfer ceiling on the vast majority of its cards earlier in the year. As credit tightens, we should probably expect more issuers to follow suit.
Discover Cash Over is an often overlooked but very useful feature that allows you to use your Discover card much like an ATM card at the grocery store checkout. When you use your Discover card at a participating supermarket, you can request additional cash at checkout, and it will be treated as a normal purchase with the same APR and grace period and no transaction fee. For those who pay off their balance every month, it’s a convenient way to save a trip to the ATM.
In the past, the program was even more attractive, since you used to be able to earn rewards on the cash you received. That was like getting free money. While most stores no longer give you rewards on your Cash Over, there are a few that still do.
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Discover is doubling its normal bonus rate on grocery store purchases from November 1, 2008 to December 31, 2008 for new accounts:
- Discover Open Road Card: Will earn 2% cash back on the first $1,000 in grocery purchases during November and December. As usual, it will also earn 5% on gas and auto maintenance purchases.
- Discover Motiva Card: Will earn 2% cash back on the first $1,000 in grocery purchases.
- Miles by Discover Card: Will earn double miles on the first $1,000 in grocery purchases, in addition to earning the usual double miles on food and travel, on up to $3,000 per year.