Reply
Regular Contributor
stone
Posts: 242
Registered: ‎11-15-2011
0

Discover $500 Extra Cashback Bonus offer?

Received an email about this offer for my discover more.

 

Just use Discover for $3,000 each calendar month from January 1, 2013 through June 30, 2013—and pick up an extra $500 Cashback Bonus!**

Contributor
firesoul453
Posts: 150
Registered: ‎08-24-2012
0

Re: Discover $500 Extra Cashback Bonus offer?

Is that an offer for new card memebers? 

Definetly can be worth it if you spend that much a month anyway. 

My ultimate credit wish,
a JP Morgan Palladium card
Member
AmbitiousOutsider
Posts: 10
Registered: ‎07-01-2012
0

Re: Discover $500 Extra Cashback Bonus offer?

[ Edited ]

Likely it's a targeted offer.  If you normally spend that much money each month anyway, I say go for it!

 

I've received some offers for my Discover More recently, but nothing quite as nice as yours.  Mine are more like a 25% discount at Banana Republic or a $50 credit for buying $300 worth of gas at Chevron over the next 3 months.  Stuff like that.

Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: Discover $500 Extra Cashback Bonus offer?

this was posted on here a few weeks ago. 

but could you really dedicate 3000 in spending a  month just too discover for that many months straight. (if you miss one its void) 

i know i cant. 

 

Current: Discover Fico 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Frequent Contributor
OptimasPrime
Posts: 348
Registered: ‎08-17-2012
0

Re: Discover $500 Extra Cashback Bonus offer?

Pretty sure that it is a targeted offer as I have seen a few other members post about having been offered something similar.

 

The offer itself is pretty enticing -$500 cash back on 18k  of spending works out to a 2.77% return. Correct me if I'm wrong, but that 2.77% would be on top of the cashback earned from the 1% and 5% rotating categories (which would push the total % cash back to something closer to 4%).

 

The only drawbacks ( aside from the fact that 3k is a fairly large amount for most people to run through one card fir six consecutive months) I can think of are the. 25 on the first 3k and the $1500 caps on the bonus categories each quarter, but the 2.77% more than makes up for those limitations.

 

 

EQ 778 | TU 776
Barclay US Airways WMC 7.5k | BCE 5.8k | BofA Travel Rewards 9.1k | Chase Marriott Premier 13k | Citi TYP WMC 6.5k | Freedom Visa Sig 8k| Discover it 10k
Valued Contributor
nicholasyud
Posts: 1,737
Registered: ‎08-13-2012
0

Re: Discover $500 Extra Cashback Bonus offer?

[ Edited ]

18k to spend wowwww......its a lot of money to spend to get $500 cash back

Take me 2 3 years to spend that much lol wish they have that offer for 2 3 years period.


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

New Visitor
kitkate
Posts: 1
Registered: ‎02-25-2013
0

Re: Discover $500 Extra Cashback Bonus offer?

I have this offer last October 2012 and mine was to spend $3000 from November to March. At least it's only 5 months, instead of 6. But yes, it's is really tough to spend that much especially if your expenses are way below that. Also, there are a lot of establishments that don't accept Discover, so you still have to use other cards for other spendings.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}