topic Re: Question about Discover IT Double Cashback in Credit Cards

Question about Discover IT Double Cashback

barthooper — Thu, 01 Oct 2015 20:36:32 GMT

I saw the thread here yesterday that mentioned it being the last day to sign up but I still see the offer on the site. Is it still available or was that only a deadline for current cardholders? I'm a little confused. Thanks.

If it is gone, it is tempting to apply for in the future because of the double cash back, plus I have a friend who will refer me which nets us both $50.

ETA: Additional question: Do you have to bank the cashback rewards for the year in order to have them all be doubled? This seems silly but it is one impression you can take from reading the terms. Just wanted to confirm. Thanks again.

After the first 12 consecutive billing periods that your new account is open, we will double all of the cash back rewards you've earned and apply them to your account in the next billing cycle. You've earned rewards when they have posted to your account by the end of the 12th consecutive billing period

Re: Question about Discover IT Double Cashback

kdm31091 — Thu, 01 Oct 2015 20:36:16 GMT

@barthooper wrote:
I saw the thread here yesterday that mentioned it being the last day to sign up but I still see the offer on the site. Is it still available or was that only a deadline for current cardholders? I'm a little confused. Thanks.

If it is gone, it is tempting to apply for in the future because of the double cash back, plus I have a friend who will refer me which nets us both $50.

Nobody really knows. The debate about when the deadline is has gone on for months.

My only suggestion is to apply for it sooner vs later (if your profile supports it). I believe the concensus is that it will definitely be gone by year's end.

Re: Question about Discover IT Double Cashback

barthooper — Thu, 01 Oct 2015 20:38:28 GMT

@kdm31091 wrote:
@barthooper wrote:
I saw the thread here yesterday that mentioned it being the last day to sign up but I still see the offer on the site. Is it still available or was that only a deadline for current cardholders? I'm a little confused. Thanks.

If it is gone, it is tempting to apply for in the future because of the double cash back, plus I have a friend who will refer me which nets us both $50.
Nobody really knows. The debate about when the deadline is has gone on for months.

My only suggestion is to apply for it sooner vs later (if your profile supports it). I believe the concensus is that it will definitely be gone by year's end.

Thanks. It just seemed like yesterday had been discussed as a fairly hard deadline. I would definitely be approved for it as I have about a 775 TU FICO and no baddies. No inquiries since getting Quicksilver last August.

Re: Question about Discover IT Double Cashback

UncleB — Thu, 01 Oct 2015 20:50:00 GMT

@barthooper wrote:
@kdm31091 wrote:
@barthooper wrote:
I saw the thread here yesterday that mentioned it being the last day to sign up but I still see the offer on the site. Is it still available or was that only a deadline for current cardholders? I'm a little confused. Thanks.

If it is gone, it is tempting to apply for in the future because of the double cash back, plus I have a friend who will refer me which nets us both $50.
Nobody really knows. The debate about when the deadline is has gone on for months.

My only suggestion is to apply for it sooner vs later (if your profile supports it). I believe the concensus is that it will definitely be gone by year's end.
Thanks. It just seemed like yesterday had been discussed as a fairly hard deadline. I would definitely be approved for it as I have about a 775 TU FICO and no baddies. No inquiries since getting Quicksilver last August.

Actually it was just yesterday that it was being discussed... I was one of the folks in a thread questioning if it was really going to end this time!

I got my card a little before I originally intended to back in July, because it was said the promotion was ending on July 31. Then it was extended, and it was said to be ending on September 30. Well, here we are...

I have no idea (and neither does anybody else, truly) but I suspect (?) that it might be going through the end of the year now. It would seem to make business sense to keep it going to promote folks to get a card for the holidays, but of course nobody knows for certain, other than the upper management at Discover.

If you've got the score and profile, if it were me I would pull the trigger and get it now while the promo is still going on. It'll be a sad day here when Discover finally does end the promotion, and there will be no shortage of folks saying "if only I had another week/month/etc. I would have app'd", and the infamous, "If I app now, do you think I could get them to honor the promo, even though it's expired?"

There's no reason to be "that guy".

Re: Question about Discover IT Double Cashback

Anonymous — Thu, 01 Oct 2015 21:23:42 GMT

i made that thread. when i applied in july the rep said and site said september 30. i checked yesterday online and saw no info stating otherwise so i just wanted to inform people that were on the fence. most you can do is call and ask really. it was supposed to end in july and got extended. that's when me and UncleB apped prematurely lol

Re: Question about Discover IT Double Cashback

Anonymous — Thu, 01 Oct 2015 21:24:32 GMT

and you get doubled on all you earned, regardless if you still have them or not

Re: Question about Discover IT Double Cashback

Anonymous — Thu, 01 Oct 2015 22:29:16 GMT

However, many people are saving them as a way of keeping track of the rewards and making sure they get properly doubled.

Re: Question about Discover IT Double Cashback

kdm31091 — Thu, 01 Oct 2015 22:32:21 GMT

I haven't spent my rewards and will probably just wait to see them doubled. Admittedly, I don't see getting a ton of use out of Discover anytime soon. Q4 includes amazon, department and clothing stores. While nice, it's nothing I plan to spend a ton on. I may use dept stores or clothing for holiday shopping and maybe one or two purchases on amazon but don't plan on anything earth shattering.

Q1 is usually gas, which is unexciting for me. Restaurants will be the next time the card is of large use to me, and luckily that should be Q2, although of course nothing is guaranteed.

I like the double promo, but trying to make sure I don't go out and spend just because of it.

Re: Question about Discover IT Double Cashback

barthooper — Fri, 02 Oct 2015 00:29:50 GMT

@kdm31091 wrote:
I haven't spent my rewards and will probably just wait to see them doubled. Admittedly, I don't see getting a ton of use out of Discover anytime soon. Q4 includes amazon, department and clothing stores. While nice, it's nothing I plan to spend a ton on. I may use dept stores or clothing for holiday shopping and maybe one or two purchases on amazon but don't plan on anything earth shattering.

Q1 is usually gas, which is unexciting for me. Restaurants will be the next time the card is of large use to me, and luckily that should be Q2, although of course nothing is guaranteed.

I like the double promo, but trying to make sure I don't go out and spend just because of it.

Oh I agree. I only plan to use it when the categories are useful but for the year of double cashback it will replace Quicksilver as my daily driver since it beats the QS's 1.5%. I applied and was approved for 11k.

Re: Question about Discover IT Double Cashback

Anonymous — Fri, 02 Oct 2015 08:21:13 GMT

Be sure to check out discover deals under your account if you shop online. I got 10% cash back on am order from j.c.Penney. There are quite a few online deals but you have to order through their link (like ebates) to get the credit. I have seen 10% offers from select stores and 5% that weren't in the quarterly listing like bass pro shop and best buy. Walmart and walgreens even offered 5% cash back online.

Re: Question about Discover IT Double Cashback

takeshi74 — Fri, 02 Oct 2015 12:34:18 GMT

@barthooper wrote:
Do you have to bank the cashback rewards for the year in order to have them all be doubled? This seems silly but it is one impression you can take from reading the terms. Just wanted to confirm. Thanks again.

After the first 12 consecutive billing periods that your new account is open, we will double all of the cash back rewards you've earned and apply them to your account in the next billing cycle. You've earned rewards when they have posted to your account by the end of the 12th consecutive billing period

It says "earned" and not "current rewards balance" but you can also refer to their FAQ.

https://www.discover.com/credit-cards/cashback-bonus/double-faqs.html

@kdm31091 wrote:
I haven't spent my rewards and will probably just wait to see them doubled. Admittedly, I don't see getting a ton of use out of Discover anytime soon. Q4 includes amazon, department and clothing stores. While nice, it's nothing I plan to spend a ton on. I may use dept stores or clothing for holiday shopping and maybe one or two purchases on amazon but don't plan on anything earth shattering.

Q1 is usually gas, which is unexciting for me. Restaurants will be the next time the card is of large use to me, and luckily that should be Q2, although of course nothing is guaranteed.

I like the double promo, but trying to make sure I don't go out and spend just because of it.

Don't have Apple Pay and IOS 9? Someone else already mentioned it but there's also Discover Deals. Cash back isn' t just the quarterly rotating categories.

Re: Question about Discover IT Double Cashback

Anonymous — Fri, 02 Oct 2015 13:51:05 GMT

@Anonymous wrote:
However, many people are saving them as a way of keeping track of the rewards and making sure they get properly doubled.

I am doing just that. I have only redeemed $1, because Amazon has a $5 off promotion if you pay for "part" of your purchase with your Discover rewards. I paid for a purchase with $1 rewards to get the $5 off, and the rest of it went on my Discover. I don't plan to use the rewards for anything until I see it all doubled. At that point, I am hoping that I will have enough in cash back to pay for an entire month's worth of bills!

Re: Question about Discover IT Double Cashback

Anonymous — Fri, 02 Oct 2015 13:54:51 GMT

@kdm31091 wrote:
I haven't spent my rewards and will probably just wait to see them doubled. Admittedly, I don't see getting a ton of use out of Discover anytime soon. Q4 includes amazon, department and clothing stores. While nice, it's nothing I plan to spend a ton on. I may use dept stores or clothing for holiday shopping and maybe one or two purchases on amazon but don't plan on anything earth shattering.

Q1 is usually gas, which is unexciting for me. Restaurants will be the next time the card is of large use to me, and luckily that should be Q2, although of course nothing is guaranteed.

I like the double promo, but trying to make sure I don't go out and spend just because of it.

I am trying to remain concious of the same thing. I don't think that I am overspending, but I definitely compare prices on Amazon and Ebay now. If I can get something for the same price on Amazon that ebay has, I will use Amazon because of the defacto 10% cash back. I am basically running all expenses through Discover because it has the best return of all of my cards right now (except for gas and groceries for which I use BCE for 3%).

Re: Question about Discover IT Double Cashback

barthooper — Fri, 02 Oct 2015 14:17:45 GMT

@Anonymous wrote:
@Anonymous wrote:
However, many people are saving them as a way of keeping track of the rewards and making sure they get properly doubled.
I am doing just that. I have only redeemed $1, because Amazon has a $5 off promotion if you pay for "part" of your purchase with your Discover rewards. I paid for a purchase with $1 rewards to get the $5 off, and the rest of it went on my Discover. I don't plan to use the rewards for anything until I see it all doubled. At that point, I am hoping that I will have enough in cash back to pay for an entire month's worth of bills!

Can you link to that or elaborate? I went to Amazon's page about paying with Discover rewards and didn't see anything about that. Thanks.

Re: Question about Discover IT Double Cashback

Anonymous — Fri, 02 Oct 2015 14:47:48 GMT

@barthooper wrote:
@Anonymous wrote:
@Anonymous wrote:
However, many people are saving them as a way of keeping track of the rewards and making sure they get properly doubled.
I am doing just that. I have only redeemed $1, because Amazon has a $5 off promotion if you pay for "part" of your purchase with your Discover rewards. I paid for a purchase with $1 rewards to get the $5 off, and the rest of it went on my Discover. I don't plan to use the rewards for anything until I see it all doubled. At that point, I am hoping that I will have enough in cash back to pay for an entire month's worth of bills!
Can you link to that or elaborate? I went to Amazon's page about paying with Discover rewards and didn't see anything about that. Thanks.

It was an option that popped up when I was about to complete my order. It gave me a promo code to enter once I chose the $1 in rewards. I just looked back at order details to see if it would show me the code, but it just says "SWP Promo -$5.00" If I remember correctly, the pop up looked to be targeted to those who had never redeemed Discover reward dollarson Amazon before. I am pretty sure there was some language in there about this $5 off for the first time you use reward dollars from Discover to pay for part of an Amazon purchase.

Re: Question about Discover IT Double Cashback

UncleB — Fri, 02 Oct 2015 21:23:08 GMT

@Anonymous wrote:
@barthooper wrote:
@Anonymous wrote:
@Anonymous wrote:
However, many people are saving them as a way of keeping track of the rewards and making sure they get properly doubled.
I am doing just that. I have only redeemed $1, because Amazon has a $5 off promotion if you pay for "part" of your purchase with your Discover rewards. I paid for a purchase with $1 rewards to get the $5 off, and the rest of it went on my Discover. I don't plan to use the rewards for anything until I see it all doubled. At that point, I am hoping that I will have enough in cash back to pay for an entire month's worth of bills!
Can you link to that or elaborate? I went to Amazon's page about paying with Discover rewards and didn't see anything about that. Thanks.
It was an option that popped up when I was about to complete my order. It gave me a promo code to enter once I chose the $1 in rewards. I just looked back at order details to see if it would show me the code, but it just says "SWP Promo -$5.00" If I remember correctly, the pop up looked to be targeted to those who had never redeemed Discover reward dollarson Amazon before. I am pretty sure there was some language in there about this $5 off for the first time you use reward dollars from Discover to pay for part of an Amazon purchase.

I haven't received the Discover offer before, but I have got that same offer for redeeming Amex MR points a few months back. I'm not certain, but I think I had redeemed MR points on Amazon previously before I got the 'offer'.

It was definitely a pleasant surprise!

Re: Question about Discover IT Double Cashback

kdm31091 — Fri, 02 Oct 2015 21:33:36 GMT

Nope no iphone, and not gonna spend ~$600 or more to get one for cash back that will never cancel out that purchase price with my spend. I'm really not interested in doing mobile payments anyway...trying to spend less time on my smartphone, not more.