Discover Card~5% Bonus time again

[mickeyd]

DC users please note~

Thank you for participating in our 5% Cashback Bonus* program. We just wanted to remind you how easy it is to make your money worth More.

Just use your card on gas, hotels, movies, and theme parks from July through September and get 5% Cashback Bonus on up to $300 in these purchases. Remember, all your other purchases will earn up to 1% unlimited Cashback Bonus automatically.

 

[noelm]

I was desperately looking for such post. I am wondering if you have done research on, if Discover can really give you 5% cashback and if yes, how? I read an article which very clearly analyzed the scenes and figured its a marketing gimmick and can not offer you more than 1.54%, this is a ceiling.

As we all know, these companies are not social workers, I wonder how much do they exactly offer. If anyone has signed up for such card and getting a cashback, could you please highlight? If anyone gets the article that I am talking about, could you please post a link? I just don't remember where I read it. I hope someone else has also read it.

 

[easysurfer]

I sign up for the Discover 5% bonuses. When you put a charge on the card during the time you are signed up, instead of the regular 1% it's 5%. I have noticed at times for example, when they have the 5% back on gas, my rewards do get bigger faster then. Also, they have their ShopDiscover program that also gives at least 5% back. (Sometimes, I forget to use this though). For example, if I just bought a gadget from TigerDirect. Instead of just signing on and buying from TigerDirect directly, I access their website through www.shopDiscover.com first, then get 5% back for the effort.

 

[harley]

I was desperately looking for such post. I am wondering if you have done research on, if Discover can really give you 5% cashback and if yes, how? I read an article which very clearly analyzed the scenes and figured its a marketing gimmick and can not offer you more than 1.54%, this is a ceiling.

As we all know, these companies are not social workers, I wonder how much do they exactly offer. If anyone has signed up for such card and getting a cashback, could you please highlight? If anyone gets the article that I am talking about, could you please post a link? I just don't remember where I read it. I hope someone else has also read it.

" get 5% Cashback Bonus on up to $300 in these purchases"

It's a loss leader. It's like that free first hit of heroin. It's only $15 dollars for craps sake.

 

[kaneohe]

If you like Discover, you might be interested in this Chase copycat.......
https://www.yourchasefreedom.com/
It has the same type of rotating categories which appear to be very similar to the Discover seasonal categories and the same irritating-must-sign-up-every-quarter. At least for 3Q, the limit is 5% on $1500 = $75 vs the lower Discover. The non 5% reward is 1% vs the lower tier 0.25% of Discover for lower spending levels. The Chase is a Visa which, at least in my neck of the woods ,is more widely accepted than Discover. Another Chase irritant is that the bonus part of 4% (vs the normal reward of 1%) is not posted until 2 mos after the quarter ends .........if you think you're signed up and aren't then you could lose the bonus and not realize it until too late.

If you have a Chase checking account, the base reward increases from 1% to 1.25% and you also get 10pts per transaction which makes the reward on a $2 purchase...2pts base + 0.5pt (25% increase in base) + 10pts =6.25%.
On a $10 purchase....10pts base + 2.5pt (25% increase in base) + 10pts =
2.25%.

At least, that's my impression of how it's supposed to work. I haven't had card long enough to actually see the bonus 4% yet.....only the base rewards and the enhancement from the checking account.