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.