Discover Bank, member FDIC, has a cool twist on the old-fashioned debit card: cash back rewards. Open an account online, and they'll give you 1% cash back on up to $3,000 in debit card purchases each month, for up to $360 each year as a bonus to your normal spending. See website for details.
How To Earn The Bonus
The Discover Cashback Debit promotion requires you to make purchases using the account's card in order to earn the up to $360 bonus.
Full requirements to receive this bonus are:
- Open a new Discover Cashback Debit checking account using the link below.
- Use your debit card to earn cashback – up to $30 can be earned per month (see website for details).
- Bonus cash will be deposited into your account each month.
Open a Cashback Debit account before the bonus expires
The fine print
- ATM transactions, cash equivalents like money orders, cash back on point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards.
- Purchases made using third-party payment accounts (services such as Venmo® and PayPal®) may also not be eligible for cash back rewards.
- See website for details.
How does this personal checking offer from Discover compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Citi®
Citi Priority Account
- Bonus
- up to $2000
- Account Type
- Personal Checking
- Expires In
- 53 days
- Requires
- Min Balance
U.S. Bank
U.S. Bank Smartly® Checking
- Bonus
- up to $400
- Account Type
- Personal Checking
- Expires In
- 20 days
- Requires
- Direct Deposit
Fifth Third Bank
Personal Checking
- Bonus
- $225
- Account Type
- Personal Checking
- Expires In
- 30 days
- Requires
- Direct Deposit
Why Discover Bank?
Discover Bank, member FDIC, is an online bank operated by the American financial services company, Discover Financial Services.
With almost 50 million cardholders, Discover is the third-largest credit card issuer in the U.S. In 2000, Discover acquired the Greenwood Trust Company and rebranded it as Discover Bank. While Discover is now fully an online bank, the company still owns and operates the original branch of The Greenwood Trust Company in Delaware, making it the bank’s only physical location.
Discover doesn't offer quite as many new customer incentives as some of the other big banks, but there's still free cash up for grabs. Plus, these bonuses are in addition to no monthly fees, high yields, and overall top-rated customer satisfaction.
Learn more in our Discover Bank review
Cashback Debit
Many confuse Discover as being just a credit card company, but they actually offer a host of banking products as well, including this checking account that puts a credit card spin on a traditional debit card: cash back rewards.
With this account, Discover will give you 1% cash back on up to $3,000 in debit card purchases each month, up to $360 each year (see website for details). In addition, the account comes with absolutely none of the typical fees: monthly maintenance, insufficient funds, stop payment, check orders, or replacement debit cards.
Fees
Cashback Debit does not charge a monthly fee.
Apply now for a Cashback Debit account to earn the $360 bonus offer