Discover it $100 Amazon Gift Card Sign Up Bonus

The Offer

Direct link to offer

  • Spend $500 or more within three months and receive a $100 Amazon gift card as a sign up bonus

discover it 100 amazon bonus

The Fine Print

Our Verdict

A lot of people don’t know that Amazon has it’s own credit card section and they are almost always offering a $100 amazon gift card on the Discover it (e.g MtM wrote about this deal back in October of last year). Recently I’ve been getting a lot of e-mails from readers about this deal, so I thought I’d have a look at if this deal makes sense or not.

Discover regularly offers a $150 cash sign up bonus (although this requires a minimum spending of $750 in three months). They generally offer this deal near the end of every year and it continues for the first month or two the following year (e.g last year it was released in early November and the year before in December).

If you got the card now you’d be able to take advantage of the 5% rotating categories for Q1, Q2, Q3 before the higher $150 bonus came along. If you maxed out these categories you’d earn $225, if you put that same spend on a 2% cash back card you’d earn $90. So obviously if you plan on maxing out all three of those quarters you’d be better off getting the card now (you’d get a $100 amazon gift card and $225 compared to $240).

Q1Q2Q3Q4
2018Gas Stations & Wholesale ClubsGrocery StoresRestaurantsAmazon & Wholesale Clubs
2017Gas Stations, Ground Transportation & Wholesale ClubsHome Improvement & Wholesale ClubsRestaurants. Some cardholders targeted for AmazonAmazon and Target
2016Gas and Ground TransportationRestaurants & MoviesAmazon, Home ImprovementSam’s Club, Amazon, and Department Stores
2015Gas Stations & Ground TransportationSummer Spruce Up?Home Improvement Stores, Department Stores, and Amazon.comAmazon, department stores, and clothing stores
2014Restaurants and MoviesHome Improvement Stores, Furniture Stores and Bed Bath & BeyondGas stationsDepartment Stores and Online Shopping
2013Restaurants and MoviesHome Improvement StoresGas stationsOnline Shopping
2012Gas stations, Movie theaters and MuseumsRestaurants and MoviesGas stations, Movies and Theme parksDepartment Stores and Online Shopping
2011Travel and RestaurantsHome and FashionGas, Hotels, Movies and Theme ParksRestaurants and Fashion

Chances are you won’t be able to max out all three quarters though and this also assumes that the $150 offer doesn’t come along again until Q4. Personally I’d just recommend waiting for the $150 offer to come along.

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AllwaysLearning22
AllwaysLearning22 (@guest_584496)
April 20, 2018 12:18

The link above still works. The bonus is now a statement credit for $75 after your first purchase in Amazon. Will let you know how it works out for me.

MickeyMouse
MickeyMouse (@guest_584504)
April 20, 2018 12:33

I’m wondering if it adds the $75 to your CashBack Balance or if it’s actually a Statement Credit.

If it is a Statement Credit and not added to your CashBack Balance then you won’t get the CashBack Match, making applying through a referral a better option. ($50 Right away and $50 CashBack matched at the end of your first year. Plus $50 for whoever referred you). 🙂