|Miles to Memories does not have a direct relationship with the card issuing bank(s) and this post does not include any affiliate links. If you wish to support the site by applying for credit cards or using other referral links, you can do so here.
Before applying I highly suggest reading the following posts: Slow & Steady Doesn't Make You A Loser and A Mandatory Waiting Period to Apply for Credit Cards?. You can find all of our credit card reviews here.
Discover Double Cashback Extended
One of the best credit card promotions of this entire year has been Discover’s Double Cashback (extravaganza). For those who aren’t in the know, this promotion basically doubles all cashback earned on your Discover card the first year. This includes the 5% bonus categories, normal spend and even cashback earned through the Discover Deals portal.
For more info on the promotion, see: Discover it Double Cashback – Everything You Need to Know!
Initially this promotion was open to all Discover cardholders. Eventually Discover realized how popular it had become and restricted the promotion to new cardholders only. From the beginning, the end date of this promotion was set as July 31, 2015. With that date approaching, I know a lot of people were considering whether or not to apply for the card.
Extended Through September 30
Well Discover’s PR agency reached out to me yesterday to let me know that Discover has decided to extend this promotion through September 30, 2015. This is great news if you were considering whether to get a card, but weren’t quite ready to apply. Here is exactly what I was told.
New Discover cardmembers who apply from now through September 30 will receive double the amount of Cashback Bonus® with no limit on the amount of rewards.
Opportunity for Current Cardholders?
As I mentioned before, current Discover cardholders are not eligible to link this promotion to their open cards. If you have had your Discover card for a year or more, you may be eligible to get a new one. If that is the case, you should be able to get this promotion on your new card only.
What about current cardholders who registered for this promotion when it launched? Well if you were to wait until September 30 to apply, you could get another 12 months of double cashback on your new card. This would give you about 8-9 months of overlap and then 3-4 additional months of double cashback on your new card.
The best offer right now for the Discover it card (my review) is the referral offer. Find a friend who has the card and they can refer you. When you sign-up they receive $50 and you receive $50. Of course that $50 is also doubled at the end of the first year!
I don’t often write a post when contacted by a PR firm, but I think this promotion is popular and valuable enough that it is worth sharing the news. If you were planning to apply tomorrow to get in on this deal before it went away, you now have a little breathing room to decide a strategy that is best for you.