Discover it® Credit Card Cash Back Match Bonus

Discover it® Cash Back art

Discover Bank : Discover it® Credit Card

Cash Back Match

Offer Expires In

Limited Time Offer

How To Earn The Bonus

  1. Apply for a new Discover it® Cash Back or Discover it® Chrome credit card using the link below.
  2. For the first year, use your credit card to earn cash back: for Discover it® Cash Back, you'll earn 5% in rotating categories, 1% on everything else; for Discover it® Chrome, you'll earn 2% at gas stations and restaurants, 1% on everything else.
  3. After 12 consecutive billing cycles, bonus cash will be credited to your rewards account within 2 billing cycles.

Available in Your Area?

Yes

Annual Fee?

Varies

Open Online?

Yes

Credit Pull?

Hard

Discover it® Cash Back art

Apply Now

at Discover

The Discover it® Cash Back and Chrome credit cards offer new cardholders a bonus 2X "Cashback Match" on all cash back earned in the first year. This means that if you earned $150 in cash back, Discover will give you an additional $150.

You'll be automatically enrolled when you open your new account, and there's no limit to how big of a bonus you can earn.

Keep in mind that this deal is in addition to the 0% intro APR that both cards offer for the first 15 months.

How To Earn The Bonus

The Discover it® Credit Card promotion requires you to make purchases using the account's card in order to earn the Cash Back Match bonus.

Full requirements to receive this bonus are:

  1. Apply for a new Discover it® Cash Back or Discover it® Chrome credit card using the link below.
  2. For the first year, use your credit card to earn cash back: for Discover it® Cash Back, you'll earn 5% in rotating categories, 1% on everything else; for Discover it® Chrome, you'll earn 2% at gas stations and restaurants, 1% on everything else.
  3. After 12 consecutive billing cycles, bonus cash will be credited to your rewards account within 2 billing cycles.

The fine print

  • Discover will match all the cash back rewards you've earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods.
  • You've earned cash back rewards only when they're processed, which may be after the transaction date.
  • Discover will not match: rewards that are processed after your match period ends; statement credits; rewards transfers from Discover checking or other deposit accounts; or rewards for accounts that are closed.
  • This promotional offer may not be available in the future and is exclusively for new cardmembers.
  • No purchase minimums.

How does this credit card 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:

Aspiration

Aspiration Zero

Bonus
$300
Account Type
Personal Credit Card
Expires In
90 days
Requires
  • Card Spend

Chase

Chase Freedom Flex℠

Bonus
$200
Account Type
Personal Credit Card
Expires In
Limited Time
Requires
  • Card Spend

Amex

Blue Cash Preferred® Card from American Express

Bonus
$350
Account Type
Personal Credit Card
Expires In
Limited Time
Requires
  • Card Spend

Why Discover Bank?

Discover Bank 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.

Discover it® Cash Back

Discover it® Cash Back credit card has bonus categories that change every 3 months. Example categories have been grocery stores, Walgreens and CVS, streaming services, restaurants and gas stations. Starting in October and through the end of this year, you'll earn 5% by shopping online at Amazon, Walmart, and Target.

Keep in mind the 5% category is limited to the first $1,500 in purchases. After that, it drops to the 1% level, which is what you'll earn on all other purchases.

You can redeem cash back via direct deposit, statement credits, charity donations, applying your rewards at Amazon, or by gift cards. What's nice is that you don't need to meet any threshold to redeem, except for gift cards which requires at least $5.

Overall, it's a solid cash back system for a card with no annual fee, but you do need to remember to enroll each quarter, and the $1,500 purchase cap can be limiting.

Fees

Discover it® Cash Back does not charge an annual fee.

Discover it® Chrome

Discover it® Chrome is a cash back credit card that earns 2% at gas stations and restaurants.

Keep in mind the 2% cash back is limited to the first $1,000 in combined purchases each quarter. After that, it drops to the 1% level, which is what you'll earn on all other purchases.

You can redeem cash back via direct deposit, statement credits, charity donations, applying your rewards at Amazon, or by gift cards. What's nice is that you don't need to meet any threshold to redeem, except for gift cards which requires at least $5.

Fees

Discover it® Chrome does not charge an annual fee.