Quick note: This information is coming from front line customer service representatives. They often have partially incorrect information. I’ve reached out to Discover’s media team to confirm this information, but I believe it to be correct at the time of writing due to the sheer number of different CSR that have confirmed. There seems to be some conflicting information on whether the 5% categories will also be doubled or not.
The Promotion
Starting June 1st, Discover will be offering one of the most generous promotions I’ve ever seen. They will be offering double cash back on all purchases for the Discover it, let that sink in for a moment. This means you’ll earn at the following rates:
- 10% cash back on rotating categories
- 2% cash back on all purchases
- Double cash back on all ShopDiscover purchases
This promotion will be open to all cardholders and sign ups will start June 1st. The double cash back won’t kick in until your statement closes after you’ve registered (e.g if you’re statement closes on June 15th, then you will start earning double cash back on June 16th onwards). Keep in mind Discover let’s you change the date that your statement closes, so you could change it to close on June 2nd for example.  Personally I’d recommend waiting to enroll before changing your statement close date.
Your double cash back will be received at the end of the promotional period (e.g it will show on your 13th billing statement after registration) and you need to enroll by July 31st, 2015. It’s a shame this promotion doesn’t apply to the Discover it Miles card, 6% cash back everywhere would have been a nice promotion.
Discover it Current Bonuses
Discover usually offers a sign up bonus of $150 once a year on this card, unfortunately that offer is only available to some people via targeted means at the moment. The best sign up bonus is a $100 Amazon gift card (although the official site is also offering an introductory APR of 0% for 14 months). Also keep in mind that it’s possible to have more than one Discover it card (although I’d wait until it’s confirmed that 5% categories are also doubled otherwise there is no real advantage to having two cards for this promotion).
Our Verdict
For me the real deal is double ShopDiscover rewards. 2% cash back everywhere is nice, especially with no foreign transaction fee and the fact that Discover cards can be used in some locations where Visa/Mastercard has poor acceptance (e.g China & Japan) but there are plenty of 2%+ cards. 10% on rotating categories is also a really great benefit (if the double rewards does apply), but you’re limited to $1,500 per quarter, because this is for twelve months you could do up to $6,000 in spend for $600 cash back or an extra $300 cash back compared to normal.
ShopDiscover has no caps and also very competitive cash back rates, obviously they could just halve these rate or reduce certain merchants if they are getting hit hard and I expect them to do this to some degree but there will almost certainly be some limited windows in which it’ll be possible to really take advantage (I won’t discuss these until the promo goes live).
Let’s also hope this forces Chase’s hand and they step up their offering on the Chase Freedom card, suddenly a sign up bonus of $200 pales in comparison.
Useful Posts
- Discover will usually do a soft pull for a small credit limit increase and a hard pull for a big credit limit increase
- If you have multiple credit cards with Discover, it’s possible to reallocate your credit with them
- Discover uses your statement balance when reporting your credit utilization to consumer reporting agencies
if you still need a card, i’d love and appreciate it if you would be using to use my link because I want to use the bonus for my student loans. gracias!
http://bit.ly/1RHJaPt
— Got enrolled by message thru discover online. I am already on IT card not sure what it meant you wil get converted to IT..
Hi XXXX
Thank you for your message regarding your Discover account. I understand your interest in the Double Cashback Bonus promotion, and I am happy to assist you today!
We can certainly activate this promotion on your account today! As requested, I have signed you up for this promotion. Here are the terms of this offer:
Enrollment into the promotion will not be finalized until your account converts to the Discover it at your next billing cycle; any spend you make from today until that billing cycle will not be eligible for this double Cashback Bonus promotion. After the first twelve consecutive billing cycles that you are enrolled, we will double all the Cashback Bonus rewards you have earned and apply them to your account in the next billing cycle. You earn rewards when they have posted to your account by the end of the 12th consecutive billing cycle. You will not receive Double Cashback if your account is closed or no longer in the Cashback reward program as of the award date.
Please let me know if you have any additional questions or concerns about your account.
I appreciate your business and the time you have taken to contact me today. Thank you for choosing to use Discover since 2012!
Sincerely,
XXXXX
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——- Original Message ——–
Date : Jun 13, 02015 11:18 PM
Subject : Re: Other Rewards Questions [#368502]
Provide any additional information relevant to this request in the space below: I saw “Discover Double Cash” Promotion. Is this promotion for existing card holders as well. If so could you please let me know how to enroll into this promotion.
I tried to change from my More to it 1 day before my statement closed. I was told that it needs to be done at least 3 days before the statement closes for the promotion to work on the next statement. If anyone’s interested in changing over, keep that in mind.
Thanks to DoC for finding this great promotion and allowing us to share referral links! Here’s my referral link that gets us both $50 (doubled to $100 under this promo!): http://bit.ly/1IhDkkc
Applied for the card, got approved but referral bonus is $50 not $100, one rep said yes its $100 but the application reviewer said its $50
Just signed up for the promotion with secure chat, took 2 minutes, no confirmation email or number but the rep told me to copy/paste our chat for confirmation.
I am considering changing my More card over to an it card so I can get this promotion on both of my cards. Do you have to wait until the new card arrives to add the promotion? Are there any advantages the More has over the it?
Eric – I changed my More card to an IT card over the phone. My account number remained the same and I enrolled in the double rewards program. My statement cycle was about to end and my IT card will be effective at the beginning of the next statement cycle. Customer service was very helpful.
Thanks for the info.
Received SM back from Discover, they were able to add the promo, effective start of next billing cycle. They said we would receive an email confirmation in about 72 hours. Easy peasy.
Do you need a referral from existing card member to apply ? and is it a hard pull for new cardholders ?
Good thing I checked the site to sign up, turns out someone was making fraudulent charges with my card all week
Just wanted to confirm, I am an existing card holder and I used live chat to request this. They enrolled me right away. Shopdiscover is included. Basically, whatever cash back you earn in the next year they will double at the end. Great deal.