09-11-2012 11:48 AM
Yesterday I got a letter in the mail from Discover that offered me an extra $150 cash back if I put $1,000 in purchases through my More card in October, November, AND December. You have to call them to set it up, and you have to spend $1,000 in each of the three months -- not just $3,000 across the quarter. This is in addition to the normal 0.3-5% cash back on purchases and whatever you get back through Shop Discover.
$150 back on $3,000 in purchases works out to an extra 5% over whatever you're already getting back. I think this is going to be an exciting quarter. I'm not sure if this offer is for every account or is just because I got a CLI that I haven't been taking advantage of (read: $0 statement balance), but the letter actually came with a nice little ledger to try to help you plan in advance how to spend enough.
The rep did tell me that Money Messenger doesn't count toward it, but all regular purchases do.
09-11-2012 12:18 PM
Thats interesting. Should be awesome for those that usually max out the $1500 limit on %5 cash back each quarter.
I wonder whats in it for Discover though? Maybe just increase Discover cards useage?
09-11-2012 03:02 PM
09-12-2012 05:00 PM
The last few months I've been running about $1,000/mo through the card and paying it in full before the statement cuts. Not sure if the program has any particular name, but from some quick Googling I can see it is a targeted offer and the amount of cash back and amount of purchases seems to vary (i.e. one person claimed $500 cash back for spending $3,000 in each of the 3 months).
09-12-2012 05:24 PM
Very interesting, I might give Discover a call about this.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.