Posted by William Charles on May 30, 2015
Deals

Published on May 30th, 2015 | by William Charles

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Discover Double Cash Promotion – Double Rewards For 12 Months (10% Rotating Categories, 2% Everywhere + Double ShopDiscover)

Quick note: This information is coming from front line customer service representatives. They often have partially incorrect information. I’ve reached out to Discover’s media team to confirm this information, but I believe it to be correct at the time of writing due to the sheer number of different CSR that have confirmed. There seems to be some conflicting information on whether the 5% categories will also be doubled or not.

The Promotion

Starting June 1st, Discover will be offering one of the most generous promotions I’ve ever seen. They will be offering double cash back on all purchases for the Discover it, let that sink in for a moment. This means you’ll earn at the following rates:

  • 10% cash back on rotating categories
  • 2% cash back on all purchases
  • Double cash back on all ShopDiscover purchases

This promotion will be open to all cardholders and sign ups will start June 1st. The double cash back won’t kick in until your statement closes after you’ve registered (e.g if you’re statement closes on June 15th, then you will start earning double cash back on June 16th onwards). Keep in mind Discover let’s you change the date that your statement closes, so you could change it to close on June 2nd for example.  Personally I’d recommend waiting to enroll before changing your statement close date.

Your double cash back will be received at the end of the promotional period (e.g it will show on your 13th billing statement after registration) and you need to enroll by July 31st, 2015. It’s a shame this promotion doesn’t apply to the Discover it Miles card, 6% cash back everywhere would have been a nice promotion.

Discover it Current Bonuses

Discover usually offers a sign up bonus of $150 once a year on this card, unfortunately that offer is only available to some people via targeted means at the moment. The best sign up bonus is a $100 Amazon gift card (although the official site is also offering an introductory APR of 0% for 14 months). Also keep in mind that it’s possible to have more than one Discover it card (although I’d wait until it’s confirmed that 5% categories are also doubled otherwise there is no real advantage to having two cards for this promotion).

Our Verdict

For me the real deal is double ShopDiscover rewards. 2% cash back everywhere is nice, especially with no foreign transaction fee and the fact that Discover cards can be used in some locations where Visa/Mastercard has poor acceptance (e.g China & Japan) but there are plenty of 2%+ cards. 10% on rotating categories is also a really great benefit (if the double rewards does apply), but you’re limited to $1,500 per quarter, because this is for twelve months you could do up to $6,000 in spend for $600 cash back or an extra $300 cash back compared to normal.

ShopDiscover has no caps and also very competitive cash back rates, obviously they could just halve these rate or reduce certain merchants if they are getting hit hard and I expect them to do this to some degree but there will almost certainly be some limited windows in which it’ll be possible to really take advantage (I won’t discuss these until the promo goes live).

Let’s also hope this forces Chase’s hand and they step up their offering on the Chase Freedom card, suddenly a sign up bonus of $200 pales in comparison.

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Evan
Evan

So, do you think that even new cardholders will be eligible for that bonus, or will it only be for those that already have the card?

Michael B
Michael B

Wonder if Discover More might also be eligible – the wife still has the More card but I can’t convert her because we’re half way through a targeted spend $1k/mo for 5 months and get $150. This promotion would make it even sweeter.

Dave Lu
Dave Lu

Alright William, how do I sign up for this offer? And is it really 12 months? I saw on slickdeals that it was for 2 months.

Ben
Ben

Double dipping at Sears just became Quadruple-dipping! Seriously, 40% cashback could be a gold mine.

danfromjersey
danfromjersey

How do you double dip or triple dip at sears?

Ben
Ben

Yeah, I won’t be surprised if they decrease rates, but it’d be pretty disingenuous of them.

Dan…go thru Discover to Sears to buy a Sears GC, then go back thru Discover to use said GC. Right now Sears is 10% CB. So if we were to earn double that b/c of this promotion, we’d get 20% back. And if you double dip, that bumps it up to 40% cash back.

Technically, I guess you should be pentuple (?) dipping by earning Sears SYW points as well. Hmmm maybe be on the look out for deals where you earn 100% back in SYW points. Ah! This whole thing is sound to good to be true.

Pale Fire
Pale Fire

Don’t forget, the next upcoming category on the Discover includes Department and Home Improvement stores. So on the first $1,500 you’d get 40% + 10% from the Discover card.

Although I just reached out to two of my contacts at Discover who have not heard of this .

Kris
Kris

I do not quite understand how to double-dip at Sears. I understand Discover Deals has very nice cashback rate at Sears, and sometimes the shopping portals such as United, Alaska also increase the earning rateat Sears. Question: 1) Do you think buying Sears GC thru Discover portal or airline shopping portals would trigger the caskback? Many of them do not honor cashback on purchases of GC. 2) How do you use the Sears GC? Buying Visa GC from Sears store? Or can I use them online to liquidate it?

Thanks!

n
n

I would like to know this too. Thanks in advance. …..

K. Patel
K. Patel

The best news in months for me…!

Thanks Will.

barrytuneup
barrytuneup

hard to believe, but we have to check this out after midnight eastern time?

suman jampany
suman jampany

I was able to call and get enrolled in this promotion

j
j

not seeing anything yet…. maybe pacific time?

j
j

discover is apparently on mountain time, since that is when it let me sign up for the 3rd quarter promotion. no double cashback offer visible anywhere. will wait till tomorrow before making my purchases, but not getting my hopes up.

kintsakurau
kintsakurau

Confirmed. I just enrolled and agent said that all cashback would be doubled including normal spend, 5% categories, and Discover Deals, with no cap. Only catch is that all the additional cashback will not post till the 13th month Discover Miles style.

Larry Ordway
Larry Ordway

I just called and was told that the program is not available yet, the system is updating and to call back later.I am on eastern time.

Dave Lu
Dave Lu

Just called and signed up. Very easy. Note your double cash back doesn’t start until your NEXT billing cycle, so hold off until you get your next statement. Thanks William!

Matt
Matt

Thanks for the info! I just called and asked for the Discover Double Cash Promotion – it was a very efficient process!

Rebekka
Rebekka

I just sent a secure message asking for my husband’s card to be enrolled in the Double Cash promo. I’ll let you know if they will accommodate from the SM. My husband hates calling in so if I can deal with it this way, that will be great!

TJ
TJ

Called just now and signed up for the promotion. The rep tells me that applies all cash back earning credit cards (just not the miles earning credit cards). She also said they don’t send out any email to confirm enrollment. She suggests that I call back in a few days and ask for confirmation.

TJ
TJ

The same rep also said that 5% category will be included as well.

Scott
Scott

Just wanted to confirm, I am an existing card holder and I used live chat to request this. They enrolled me right away. Shopdiscover is included. Basically, whatever cash back you earn in the next year they will double at the end. Great deal.

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