Discover’s Double Cash Back promotion was supposed to end today but it has been extended until the end of the year. This is the second time that they extend the promo which was originally scheduled to end in July. I missed this somehow.
There used to be a $150 sign up bonus for the It card, but now with a referral link you get $50 after first purchase (doubled in a year), and I get $50 as well. You can also use a referral from your friends and family.
The Double Cash Back promotion will double any cash back that you earn during your first year of card membership and you’re supposed to get a lump sum of of the doubled amounts at the end of the year. This includes cash back earned on purchases, cash back from Discover Deals, referrals and sign up bonuses. Even the cash back earned with the Apple Pay promo will be doubled and that is a nice chunk of money.
The extension until the end of the year might be important for people who have a Discover card but want to get a second. You can only open your second Discover card (even the same one) after having the first for at least 12 months, if you do make 12 month before the end of the year then you can get the Double Cash Back promo on the second card as well. You can’t have more than two Discover cards.
If you’re eligible to get the card you should get it as soon as possible so you have time to max out the Apple Pay promo before it end at the end of the year. Keep in mind that Discover updated their terms on 9/18, adding that gift cards are not eligible for the 10% cash back with Apple Pay but that same kind of wording is in many other promos and cards that still pay out for gift cards. Read more here about the devices that qualify and the promo details.
The best way to maximize the Apple Promo deal is to buy items that you would buy anyway, but from stores that accept Apple Pay. If you can’t reach that $10,000 threshold, then do the rest in gift cards.
Here’s a list of stores that accept Apple Pay. The Mastercard Nearby app will also give you a longer list. You should still check other stores and look for the Apple Pay logo since the list is not up to date. Let us know if you find any stores not listed there.
Keep in mind that you can also earn 5% Cashback Bonus on up to $1,500 in purchases at Amazon, Department Stores, and Clothing Stores from October in the fourth quarter of 2015. This is also doubled.
So there’s many ways to get creative with the Double Cash Back Promo, the Apple Pay 10% cash back promo and the quarterly bonus categories from Discover.