So I recently applied for Discover credit card: Discover Card: Cashback Bonus
So I’ve had a little history with Discover Card. They’re basically the only credit card that ever rejected me not once, but TWICE. Once in freshman year of college and once again in junior year. Not sure why. Maybe they don’t like college students, so I had actually decided to never apply for another Discover Card again, but I’ve passed up too many good deals they’ve offered and finally decided to try again. Guess what, I was approved pretty much on the spot (no telling me to wait for approval while they process my application).
Anyway, the reason I wanted to share this credit card with you folks was the 5% Cashback Bonus. This changes quarterly it appears. Currently, the promotion is for restaurants, movies, and at the following retailers:
- AMAZON.COM
- Barnes & Noble
- Borders®
- Circuit City
- Crutchfield®
- Napster®
- Waldenbooks®
This even beats Amazon’s own credit card I think, which gives you 3pts for every $1 you spend there equating to only ~3%.
Anyway, everything else you purchase on the card, you get 1%, which probably isn’t useful anymore.
The hardest thing about a Discover card is that hardly anyone accepts it. Though I have found a couple restaurants.
Anyway, when I was activating the card, the guy mentioned about a special bonus from date 1 to date 2. I didn’t really follow and thought he was trying to sell me some credit protection plan, so I just ignored him and just said declined any offers.
Today I received in the mail about the full details regarding this promotion and here it is verbatim:
Thank you for calling to activate your Discover Card. Now you can start building your Cashback Bonus. To get you started, get $1 Cashback Bonus on your first 20 purchases between 09/12/06 and 10/10/06.*
* Earn up to 1% on purchases. In addition, get $1 Cashback Bonus on each purcahse between 09/12/06 and 10/10/06 up to a maximum Cashback Bonus of $20. We are not responsible for merchant delays in processing transactions. Please allow eight weeks for this special reward to be added to your Cashback Bonus Account. If your Account i
ns closed or deliquent, you will not receive this special reward.
Pretty neat. If I guess the inevitable comes and I still haven’t made 20 purchase by 10/3/06, I’ll probably go to a supermarket and just purchase how many more $1 bonuses I can get in sticks of gum.
Hey Krunk,
I’ve got something you could spend your hard earned plastic on! RightStuf is currently running a sale on Anime (Geneon) merchandise. You can get 10 items for $50 or 25 items for $100. I just ordered and saved 84% on my purchase (About 540 dollars off)! Check em out at http://www.rightstuf.com/
– Noob
P.S. I’m not an employee of rightstuf, just a fan of anime!
Be careful, credit cards can get you into alot of trouble. I would know 🙁
Anything can get you into a lot of trouble if you’re not responsible. Credit cards are extremely useful if you can manage you finances well.
//krunk (^_^x)
Hmm. Ever consider the mtvU card from Citibank? Seems somewhat similar: more details
Citibank offers a Visa version, which allows it to be accepted by more merchants… on the other hand, they use a point system vs. Discover’s cashback program. I’m trying to decide between the two as well, but just thought I’d throw that out there.
there’s one problem with the mtvU card, you can only redeem gift cards and merchandise while Discover allows you to redeem cash. Discover actually increases some gift cards twice the value if you decided that’s what you want to redeem instead of cash.
//krunk (^_^x)