Posted by Chuck on September 10, 2019
Bank Account Bonuses

Published on September 10th, 2019 | by Chuck

84

Discover Checking Account Cashback Match Bonus, $30 Per Month up to $210 Bonus Match

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

Direct Link to offer

  • Signup for a new Discover Cashback Debit checking account and get a cashback match/double on all cashback earned through 3/31/20. Use offer code CBMA919.

 

The Fine Print

  • Offer valid through September 30th, 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 2/28 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 of May through November 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



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msb1xr
msb1xr

Can you do this if you did the $300 bonus before?

William Charles

As far as I know, yes.

Steve

It says “Apply for your first Cashback Debit Account”. The word “first” sounds to me like people who already had the account aren’t eligible for this offer. But I don’t know for sure.

William Charles

Ah, when they mentioned the $300 offer I thought they were referring to the Discover savings bonus.

cowsareverywhere
cowsareverywhere

Wow, that’s a really easy bonus. Thanks a lot DoC.

K
K

It’s really easy for you to spend $21,000?

Toad
Toad

Spending money is easy. It’s the making money part that is difficult. It’s really difficult for you to spend $21,000? I can help you out with that if so.

lei
lei

i dont even have $2,100 in my account for you to spent.

Justin
Justin

All giftcards and MO?

FreeIsGood
FreeIsGood

So basically the bonus is an additional 1% on spend? That’s no better than a 2% cashbacks card like the free Citi doublecash, so for anyone who tracks opportunity cost, this offer actually earns nothing?! Or am I missing something?

nik
nik

The fee for paying taxes using a debit card are lesser than using a credit card. In other words for paying taxes, with a debit card you will keep the entire 2% back.

Hari
Hari

I could pay my rent using a debt card at my apartment for free. So thats a 2% back on rent!

Ro
Ro

Can you pay rent without any card fees with Debit card?

Zalmy

You can use a debit card for many things that you can’t necessarily with a credit card, such as MOs.

So you can purchase $3,000 of MOs each month in one sitting when you go to Walmart (not a problem, you’re actually using a real debit card) and earn $60 for ~5 minutes of work. Not bad.

Debit
Debit

Have you tried this? They have hard coded to reject payment for money orders

Zalmy

Really? I thought they specifically want debit cards to be used for purchasing MOs

Also, see this comment https://www.doctorofcredit.com/discover-checking-account-cashback-match-bonus-up-to-210-bonus-match/#comment-755149

Hari
Hari

I think the comment simply clarifies that you can buy MO with any Debt card. Not sure on the part where it earns cash back for that.

M
M

There’s a small number of WM MC that are hard coded to not recognize Discover DC.

david190810
david190810

Read the term please.
…the purchase of money orders or other cash equivalents…made with your debit card are not eligible for cash back rewards

david190810
david190810

It’s definitely better than Citi Double Cash since there is no minimum to cash out. However, it’s definitely not worth it because you can almost always get more than 2% cash back.

Gadget

FreeIsGood You are 100% correct, and the people commenting are either breaking terms, or going off old gouge. DoC covered this in the linked article, and it says “The following transactions are now excluded:

ATM transactions
The purchase of money orders or cash equivalents
Cash over portions of point-of-sale transactions
Loan payments
Prepaid card funding
Peer-to-Peer (P2P) payments are not eligible for cash back rewards
In addition, purchases made using third-party payment accounts (services such as Venmo and PayPal, who also provide P2P payments) may not be eligible for cash back rewards”

So, in essence, you’re risking even getting your 1% back, let alone 2% 7 months from now. Discover does shutdown accounts – been there, done that, and the only thing I did is have a very busy Chex report and a couple failed trial deposits. They shutdown my checking, and a month later, my Discover CC.

Granted, if your buying cash-like stuff, not too much worry about CC protections, but if your doing normal spending, it’s much better to be using a CC.

Edit: Rent payments are probably ok, and I would be real careful about tax payments. For the majority of people, that is not really practical – paying ahead 3K a month – sounds like a really crappy idea for most. They might consider any of these as a ” third-party payment account”.

AkJohnny
AkJohnny

so if you purchase a money order or money orders they will shut you down? regular people buy money orders with a debit card all the time. weather you get 2% back is another deal… I may dip my toes in the water with this one as well…

Mimi
Mimi

Please try it and report if successful since others have failed buying MOs at WM with their DiscDC. It might work at grocery stores with no need for split tender.

missjenniferd1
missjenniferd1

ditto, everything Gadget said!!

as per usual, he is spot on!!

Pauline the Bean
Pauline the Bean

missjenniferd1 Did you change your gravatar recently?

missjenniferd1🦉 🦁
missjenniferd1🦉 🦁

yep!! i decided since i am a regular on this site, to just let people assosciate a face with the name, rather than my cat — it’s me!!!

Anonymous166
Anonymous166

You’re not concerned about your privacy on a public forum?

missjenniferd1🦉 🦁
missjenniferd1🦉 🦁

for my picture? and comments here on doc? no not really

Superman
Superman

Anonymous166 Because money center clerks have a bulletin board of our gravatars in the back called, Wally’s Watch List?

Gerald
Gerald

For those of us who pay estimated tax, this may be a good deal. I’ll have to run the numbers, but even if I don’t max it out, 2% back with a $2.58 fee has got to be better than 3% back with a 1.87% fee (assuming pay1040.com, Discover Miles It in the first year).

Jenn
Jenn

Offer code shows XXXXXXX in the link. Anyone see another promo code? That one didn’t work

Shshank
Shshank

The offer code is CA19. If you google ‘Discover Cashback Checking’, the very first ad that shows up – from Discover – has the offer code mentioned.

Jenn
Jenn

Thanks!!

Sam
Sam

can discover debit be used to load serve/bluebird? or money orders at walmart? I’ve verified that it doesnt work to pay citi credit card

Zalmy

Should work for MO at Walmart

Information Booth
Information Booth

Sam…you can purchase Mo’s at Walmart with a debt card. I’ve done it many times… have a blessed day!!

Sam
Sam

i guess what i meant does it earn the 1% back when you do it?

Debit
Debit

Did you use discovery debit card specifically to buy the MO at walmart? I tried it once at a different store than walmart and it didn’t work.

Haven’t tried at Walmart.

Dylan
Dylan

+1 for me. Tried to buy MO at WM and Kroger and the payment was rejected.

david190810
david190810

Read the terms please.
… the purchase of money orders or other cash equivalents, … made with your debit card are not eligible for cash back rewards

artgriego
artgriego

Yes but the transaction should still go through. Lots of stores accept debit for MO payment. It’s up to Discover to exclude the rewards or say that we’re not even allowed to buy MOs with the card. This is a crappy policy if Discover wants these checking accounts to be taken seriously.

Hari
Hari

Apart from paying Rent, what are the other places you could only use a Debt card free free? Just seeing if there are easier way to max out this $3,000/month.

cowsareverywhere
cowsareverywhere

Yes, there are much easier ways.

t
t

so i can link my debit card to paypal..and pay with no fee? for rent?

Brian
Brian

Possibly MOs, since it’s a genuine debit card.

Hari
Hari

MOs are excluded from the cash back terms. idk if they will be able to find it out in Grocery stores that codes it differently.

CNH
CNH

Can’t you pay your Chase credit card with a debit card? Would be a nice way to get an extra 2%.

https://wallethub.com/answers/cc/pay-chase-credit-card-with-a-debit-card-2140665336/

Zalmy
CF Panda
CF Panda

Waited over 3 years for another crack at a Discover Checkings Bonus after missing out on the last one. While better than nothing its a bit underwhelming.

david190810
david190810

For those who want to purchase MOs, be careful because they excluded that in the terms already.

… the purchase of money orders or other cash equivalents, … made with your debit card are not eligible for cash back rewards

bax
bax

Just opened this account 10 days ago. Called in to get this promo code manually added to my existing account. I think it’s worth pointing that the extra 1% CB will post in one big batch in Feb., 2019, rather than with the regular 1% CB.

potatoslayer
potatoslayer

Before anyone gets too excited, I did the discover checking account a little over a year ago. They were the WORST bank I’ve ever had to deal with. They held deposits for weeks, shut down due to “suspicious activity” (I used an atm). When they shut my account down it took 24 hours to get it reactivated (after an hour on the phone). They then told me any payments I had using their bill pay service would be denied (already sent) and I would be responsible for any fees fir returned patient from the payees.

I cringe when I see “Discover Checking.” I’ve had 20-30 checking accounts in the past few years and no other bank has come close to the incompetency and nuisance I had to deal with from Discover.

Do yourself a favor and pass on this one .

sybloc
sybloc

Cue 7 months from now when this thread lights up again with people whining about not getting their bonus from this offer using their super-secret 007 MS techniques.

Bad on so many levels. F**k Discover.

Jon
Jon

$21,000 of spend over 7 months for a $210 bonus essentially :/ ill pass and stick with looking for the next easy straightforward $200 checking bonus instead while using my Citi DC for normal purchases

Hari
Hari

Depends on what you wish t achieve. If you can even make an exta 1% on things like Rent etc where you might make no extra money. Maybe not the full $210 but even a $100 over the term is extra money for setting up the account and changing some of your DD over there.

missjenniferd1
missjenniferd1

hard pass….

Dan - Legal Bank Robber
Dan - Legal Bank Robber

LOL, your loss.

AllenW
AllenW

I’m considering it. Any ideas other than services like Plastiq and pre pay taxes? Really need good ideas for an easy debit spend……

Dan - Legal Bank Robber
Dan - Legal Bank Robber

I’m not in the business of giving away free MS info

JP
JP

Why so selfish? lots of other bloggers do……… Thought we were in this together?

Toad
Toad

I buy bananas at the grocery.

Erik
Erik

When was this code first offered? (I applied 3 weeks ago)

Harold
Harold

I’ve been paying estimated tax for a while, and it does earn the 1% (and presumably 2% with the bonus). Payusatax and pay1040 both charge a fixed fee of about $2.60 and you can make two payments each quarter for each of them. But, when I tried Official Payments a few months ago, they did not like Discover debit cards, and processed them like a credit card, charging 2.25%.

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Loading cash app did not work for this month, Discover getting a little too smart. Time for a little more effort and actually getting out of bed to MS this.

Hari
Hari

Any other creative ways to MS this?

Ram

I should I have read this before opening the account 🙁

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