The Offer
- Discover is offering the following sign up bonus on the Discover it card:
- $200 sign up bonus when you spend $500+ within the three months
- Unlimited double cash back on all purchases for the first year. Card earns at the following years:
- 5% back on rotating categories each quarter. Up to $1,500 in spend per quarter
- 1% cash back on all purchases
Card Details
- Card has no annual fee
- Earning rates:
- 5% back on rotating categories each quarter. Up to $1,500 in spend per quarter
- 1% cash back on all purchases
- Cashback Match: We’ll match all the cash back you’ve earned on your credit card from the day your new account is approved through your first 365 days and add it to your rewards account within two billing periods. You earn cash back only when transactions are processed, which may be after the transaction date. We will not match: rewards that are processed after your match period ends; statement credits; rewards transfers from Discover or Capital One checking or other deposit accounts; or rewards for accounts that are closed. This promotional offer may not be available in the future and is exclusively for new cardmembers. No purchase minimums.
Our Verdict
Reader bockrr found this in a sponsored listing in Google, so not sure if it’s a new offer Discover is actively promoting or not. Previous best deal was a $100 referral + match for first year. Usually the sign up bonus isn’t matched, although I’m surprised it’s not specifically called out in terms. I do think this bonus is worth considering, if you max out the 5% categories each quarter you’d earn:
- $200 from the sign up bonus
- $600 from the rotating categories
We will add this to our list of the best credit card bonuses. Read these things everybody should know about Discover cards before applying.
Hat tip to reader bockrr (side note, somebody please convince bockrr to set up a page with all of their referrals)
