It’s been a while since I wrote about opportunities to earn some extra cash back with Discover. But I was just thinking about it recently and figured I would check my accounts and see if there was anything on offer.
Discover Credit Card Extra Cash Bank
You can see if you are eligible for any extra cash back earning opportunities by using the link discover.com/extracbb. That will direct you to a page to log in to your account and it will either give you the offer you were targeted for or noting if you are not so lucky. I control three discover credit card accounts and had an offer on one of them. Some sleuthing around the web shows some other offers available:
- Extra $200 cash back for $1,500 spend per month between 5/1/2015 and 9/30/2015 (5 months) makes for an effective 3.67% cash back ($275) on $7,500 spend
- Extra $150 cash back for $1,000 spend per month between 5/1/2015 and 9/30/2015 (5 months) makes for an effective 4% cash back ($200) on $5,000 spend
- Extra $75 cash back for making $1,000 spend makes for an effective 8.5% cash back ($85) on $1,000 spend
All of the above assume you are spending at an earning rate of 1% cash back. If you can make some of that spend in Discover’s quarterly 5% cash back categories you may fare significantly better.
I value Discover cash back very highly as they can be redeemed at effectively double face value for some car rental programs, in particular National car. So having this will be nice (my one card got the $200 offer which is the lowest percentage earner but the highest absolute dollars earner I have seen – the other cards got rocks)
Discover Debit Card $0.20 Cash Back Per Transaction
If you have a Discover checking account (I do – signed up a while back for an easy bonus) you can always get $0.10 cash back per transaction up to 10 transactions a month. However from May 1st – July 31st (i.e. three months) they are doubling that to $0.20 per transaction.
Now hey this is definitely not as awesome as the legendary Banana Republic deal which gave uncapped $2 per transaction for two months (and they ran it twice – God bless them!) But it is definitely better than a poke in the eye with a sharp stick and will add up to $60 cash back which as I note above is effectively worth $120 in National car rental certificates. Key is being able to find somewhere that allows small transactions. I will go back to paying my water bill one cent at a time so as to fully maximize this.
I’m guessing some of you may find this too time consuming for the reward, but hey a deal is a deal….
I really love the Discover cards and checking accounts… bonuses galore, great cash back opportunities and the ability to lever up the returns with some of the redemptions. Be sure to periodically check discover.com/extracbb to see if you have any goodies lined up for you.
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