A number of r/churning users report getting an offer from Discover to enroll their existing Discover card to receive a Cash Back Match for a year. It appears this offer is being targeted to some people who have old versions of the Discover card, they need to upgrade the card to the newer IT version to get this bonus. The offer is being seen on both the Cash Back card and the Miles card.
Typically, the Cash Back Match is only for new cardholders. These targeted cardholders are being encouraged to product change to the newer version of the card and get the Double Cash Back Bonus along the way. The offer is being sent out via snail mail and is also showing in some logins.
If you do have an old Discover card and get targeted with this offer, it could make sense to take advantage of this offer. You are losing out on the signup bonus which is $50 via referral + doubling, for $100 total bonus. But you’re saving the pull and new account on your credit report, and you’re getting the main Discover bonus which is the double cash back bonus.
Update: Readers note that in some cases the upgrade (and Cash Back Match enrollment) is happening automatically from Discover’s end.
If anyone is signing up for a new Discover card and needs a referral, grab one from this referral thread. Check out these Things to Know about Discover as well.
