Evolve money has announced that you’ll now be allowed to use Discover cards to pay your bills using their online bill pay service. They also plan to allow payment by Visa & Mastercard sometime in early 2015 and will waive express fees until December 31st, 2014.
Because payments made through Evolve are card not present, these transactions should code as “online shopping” and thus be eligible for 5% cash back as this is currently be offered as one of the 2014 quarter four categories (thanks to The Free-Quent Flyer for pointing this out on twitter). Although as this looks like it’s an official partnership with Discover, they might have specifically excluded this from earning 5% cash back.
When it comes to using Evolve Money there are a few things to keep in mind when using a card (whether it be a prepaid, debit or credit card):
- You can only make one payment per calendar month per biller (maximum of $999 per payment)
- Total payments cannot be more than $2,999 a day
Hopefully Evolve can continue to offer a compelling product with low fees. They’ve previously stated that they want to allow larger payments for things like mortgage payments, if they are able to offer this fee free (or fees less than 2%) then it’ll suddenly become a lot easier to earn cash back on your mortgage payments.
If you’d like more information on Evolve, read this. We will also update the following page if Evolve add any promotional codes for their service. There are currently two personal cards Discover cards available for sign up, the Discover it (5% cash back in rotating categories) & Discover it chrome (2% cash back on all gas & grocery purchases). Only the Discover it card is worth considering, as you can get at least 2% cash back in all categories which makes the chrome card a useless product. The regular Discover it card currently has a $150 sign up bonus.
As always, remember to set your cash advance limit to $0 to avoid any potential cash advance fees that might be charged.
Hat tip to Travel with Grant
