Update: Thanks to a readers tip, there is also a $150 offer that has been added to the list.
It is not often that Discover hands out any type of bonus for new customers. I was fortunate enough years ago to get a free Garmin GPS unit for opening a Discover Miles card for both my wife and I, but besides the standard $50 refer-a-friend bonus, there typically is not much incentive to “purchase” new Discover customers.
Discover believes in the quality of their product and really steps it up when it comes to the earning potential for using the card for everyday purchases. Specially, the 5% quarterly categories, as well as the Shop Discover program, which typically pays out more than any other portal on the internet, with the new Groupon exception.
Discover Amazon Offer
So that is why it is rare to now see the Discover it® offering a $75 Amazon gift card for new customers.
Gift card will be awarded after you make your first purchase within 3 months of approval. Offer only available to new card members. Offer not available to college students. Gift card will be sent within 8 weeks after first purchase. One gift card per account.
The nice thing is that your cashback bonus that you normally earn on your card can also be used towards your future Amazon purchases. So if you were to open the card and spend $1,500 this quarter with online purchases, you would earn $75 in cashback + the $75 gift card from this offer. The cashback bonus can then be used towards your bill at Amazon.
Our family rakes in a lot of cashback from our Discover More card, specifically from meeting the quarterly 5% category bonuses, as well as taking advantage of the lucrative double dipping opportunities through Shop Discover. We also have a local grocery store that only accepts Discover card, making it a valuable tool for Ohioans.
Discover $100 Cashback Offer
The standard offer for the Discover it card does not give the user any initial cashback bonus in their account.
No cashback bonus for opening the Discover it card.
However, a user on FW located a link offering $100 cashback bonus after $500 in purchases.
This offer comes with a $100 cashback bonus after $500 spend.
Discover $150 Cashback Offer
Want to earn a little more cashback with a little more spend. The best current offer for the Discover it card is giving new card holders $150 after spending $750 within the first three months.
In Conclusion
Yes, these offers pail in comparison to the monster $400-500 rewards that can initially be earned on other cards. However, not everyone may be able to qualify for those cards. I still think Discover makes up for their weak initial bonuses by offering a great card with many other benefits in the cashback and online shopping space.
I have been a Discover card holder since 1997, and it is one card I am glad to have held onto for so long. I am not saying it necessarily the best card out there, because that depends on what you are looking for in a card. But the Discover card line commands attention for its excellent cashback model as compared to some of its counterparts.
These are the best offer that we are aware of at this time for the Discover it card.
Save Money, Travel More!
Source: PippiLongStockings and NeoTradeCenter on FW and joelmeu on FT
None of the links provided in this article provide us with a commission.
One question. Can I get the $75 Gift Card from Amazon and the $150 cashback offer at the same time?
@John: Typically, Discover will only allow you to have one card, so there is very little chance they will allow you to apply and get both offers.