Deal has now ended, view more checking bonuses by clicking here.
Update 1/14/20: Deal is back. You can signup through February 10, 2020. Cashback match is for cashback earned through July 30, 2020. New offer code is: CBMB120 (ht uscreditcardguide)
Update 11/12/19: Deal has been extended
Update 10/1/19: Deal has been extended
Update 9/10/19: Deal has been extended.
Update 8/14/19: Deal has been extended.
Update 6/28/19: Deal has been extended.
Update 6/2/19: Deal has been extended.
The Offer
- Signup for a new Discover Cashback Debit checking account and get a cashback match/double on all cashback earned through 5/29/20. Use offer code
CBMB1119
The Fine Print
- Offer valid through December 9th, 2019
Our Verdict
The Cashback Debit account earns 1% cashback on debit purchases on up to $3,000 in purchases. They do exclude certain transactions from earning cashback. Under this signup offer, any cashback earned through 4/30 will be doubled.
The cashback match should work for any cashback earned on the checking account. Far as I know, earning 1% on the debit card, up to $30 cashback per month, is the only way to earn cashback. If you max out the 7 months with $30 cashback each month, you’ll end up with $210 cashback. That will be matched with an additional $210 cashback match. And of course you can continue earning up to $30 each month on the account afterward, just it won’t be matched after that.
All-in-all, if you’re interested in the account and are able to max it out easily, this can amount to a $210 signup bonus which is pretty good, especially given the fact that the rewards are likely non-taxable and not 1099ed. And that’s on top or the ordinary $210 earn you’ll get as well. On the other hand, if you find the debit spend difficult, it may not be worth it.
Discover has offered a bonus of $300 for the checking account which is superior to this cashback match offer. However, that has not been offered in years. From memory, there hasn’t been any signup bonus at all for the checking account in years. They do currently offer a bonus of up to $200 on their savings account.
Hat tip to Uscreditcardguide
