Cashback from Discover More

August 27th, 2008

Discover is now offering $50 cash bonus on their Discover® More Card.  When I looked at the details of this card, I was surprised that they’re being so generous (in the relative sense :)   ).  You get $50 when you spend $500 in purchase (I believe this is a one-time deal), and from day to day, you get 5%-20% cashbacks when you shop from their partner online stores. On top of that, they also offer you

5% Cashback Bonus in categories like travel, home improvement stores, department stores, gas, groceries, restaurants, and many more (1% on all other purchases).

Right now I carry a dozen cards since each offers cashback in a different category (one for travel, one for department stores/groceries, one for restaurants, one for gas, etc.),  looks like Discover combined them all into one. 

If you haven’t tried any of the cashback credit cards, now is the time to get one.  I noticed that most cards are pretty generous in the beginning, after several years they’ll try to cut down the cashback percentage or categories (giving out more money than they could afford???). 

Here’re the details of what this card offers:

  • 5% Cashback Bonus in categories like travel, home improvement stores, department stores, gas, groceries, restaurants, and many more
  • 5% to 20% Cashback Bonus at top online retailers through our exclusive online shopping site, ShopDiscover
  • Up to 1% unlimited Cashback Bonus on all other purchases automatically
  • Unlimited cash rewards that never expire
  • Increase, even double, your rewards every time you redeem for gift cards or instant eCertificates from over 100 brand-name Partners
  • 0% intro APR Balance transfers for 12 months for customers with excellent credit
  • 0% purchase APR for 6 months, as low as 10.99% purchase APR thereafter based on your credit history
  • no annual fee
  • at this time, $50 cash bonus for $500 purchase with this card

I’m thinking to give this one a try.  That’ll probably solve my problem of finding a wallet that has enough room for my card collection (credit cards, grocery store discount cards, IDs etc.).  Believe it or not, it’s really hard to find one that can take more than a dozen cards.  The nicer-looking a wallet is, the smaller (skinnier) its card compartment is.  The Louis Vuitton wallets are the worst (not that I owned any), they’re probably designed for people who don’t need to do any grocery shopping or need any cashback from credit cards (sigh).