DiscoverCard Targeted Offer $300 Cashback Bonus 2014

By | May 12, 2014

DiscoverCard $300 Cashback Bonus 2014

DiscoverCard recently sent out a targeted offer for a $300 Cashback Bonus. The offer is:

Use your Discover card. Sign up by 1/31/2014. Spend $2,000 every month, from 02/01/2014 to 09/30/2014, and you’ll get $300 Cashback Bonus from Discover.

It’s simple. Don’t change your spending. Just change your card to Discover.

There may have been other variations but they are in a similar structure where you have to spend a certain minimum amount per month to receive a fixed cashback bonus. Essentially, they are trying to make DiscoverCard your primary credit card in your wallet.

I received this offer earlier this year (scanned above) and it looked look a great offer at first. Initially, I mistakenly thought it was a $300 bonus Cashback for each month with at least a $2000+ spend, but it’s really only $300 Cashback bonus for a total of $16,000+ over 8 months. That only translates to a measly 1.88% bonus Cashback. It’s definitely not as a good deal as I initially thought.

Because I had mistakenly understood the offer, I charged my Discovercard to meet the minimum spend for the first two months but after I realized the misunderstanding, I saw that it was worth the work and then I let the offer go. Unfortunately, DiscoverCard is not my primary credit card so therefore it was conscious work for me to always remember to pay with DiscoverCard. Also, DiscoverCard is not as widely accepted as MasterCard and Visa, which means there are occasions where my DiscoverCard could not be charged. Therefore, there needs to be a bigger incentive for me to actively use the DiscoverCard as my primary card.

Do you think this was a good offer by DiscoverCard? Let me know your thoughts in the comments section below.

2 thoughts on “DiscoverCard Targeted Offer $300 Cashback Bonus 2014

  1. George

    In the past my Discover card was my primary cash back card. Then I got a Fidelity American Express 2% card and moved my main purchasing over to it.

    I received a similar offer to yours now in 2015, but the term of the required spending is now only until the end of June. I’m going to go for it as it does make sense now. If the return was only going to be 1.88% then I would stick to Fidelity for now.

    Reply
  2. Sean Post author

    Hi George,

    It looks like your Discover offer is better, with a shorter term. You can do the math and see if it’s worth it. For me, the previous offer was not.

    I had also move most of my charges to the Fidelity American Express 2% card, however, Discover sometimes give very good promotions and that makes it worthwhile to have the Discover Card handy. Also, Discover’s price guarantee feature seems to something that is missing in the Fidelity card.

    Anyhow, please keep us posted on how you do with your Discover promotion.

    -Sean

    Reply

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