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This morning, we shared an offer for the Discover it card that allows new cardholders to earn double cash back for their first 12 billing cycles. When combined with 5% bonus categories, that means you’ll earn a whopping 10% cash back on purchases. For example, through the end of June, you can earn 10% back on the first $1,500 spent at restaurants and movie theaters. Then from July through September, you’ll earn 10% back on the first $1,500 spent at home improvement stores, department stores and Amazon.com, and so on.

Making the deal even sweeter, Discover just confirmed that existing cardholders are eligible to enroll as well — just call the number on the back of your card and ask to enroll in the double cash back promotion. You’ll also earn double cash back (2% total) on all other purchases with no cap. The double cash-back promotion also applies to Discover it Miles, so if you have that card you’ll earn 3% cash back (that can be redeemed toward travel spend) for the next 12 billing cycles. Both cards have no annual fee, and while there isn’t a sign-up bonus, you can potentially earn quite a bit over the next 12 months. You’ll receive the double cash portion from the previous 12 billing cycles at the end of the one-year period (so you need to keep your account open until after you receive the bonus cash).

Discoverit

Discover it

  • 0% intro APR on purchases & balance transfers for 12 months — then a variable purchase APR applies, currently 10.99% – 22.99%. A 3% fee applies to each transferred balance.
  • Exclusive offer: Double all the cash back you’ve earned at the end of your 1st year—automatically.*
  • 5% cash back in categories that change each quarter like gas, restaurants and more—up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
  • New Freeze It on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.
  • Free FICO Credit Score on statements, online & by mobile app.* And 100% U.S.-based service any time.
  • No annual fee. No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won’t raise your APR.*
  • Each Discover purchase is monitored. If it’s unusual, you’re alerted by e-mail, phone or text and never responsible for unauthorized purchases on your Discover card.
  • *See rates, rewards, free FICO® Credit Score terms & other info by clicking “Apply.”

Discoveritmiles

Discover it Miles

  • No annual fee & unlimited 1.5x Miles on every dollar you spend on purchases. 0% intro APR on purchases for 12 months—then a variable purchase APR applies, currently 10.99% – 22.99%.
  • Exclusive Double Miles Offer: At the end of your first year—when other Miles cards charge an annual fee—Discover doubles all the Miles you’ve earned.*
  • 100 Miles = $1 value. Redeem Miles in any amount toward travel purchases on your statement. Or get cash as a direct deposit to your bank account.*
  • Discover pays you back for your in-flight Wi-Fi fees — up to $30 a year — with an automatic statement credit.*
  • New Freeze It on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.*
  • Free FICO Credit Score on statements, online & by mobile app.* And 100% U.S.-based service any time.
  • Free overnight shipping of replacement cards to any U.S. street address at your request. And you’re never responsible for unauthorized purchases on your Discover card.
  • *See rates, rewards, free FICO® Credit Score terms and other info by clicking “Apply Now.” See complete Discover it® Miles details.

This is an absolute no-brainer, particularly for existing cardholders. You need to enroll in the offer by July 31, but there’s no reason to wait, especially if you haven’t already maxed out your 5% bonus category spending this quarter.

For more information on these cards, check out these posts:

Chase Freedom®

It's a stellar Cash Back card on its own, but when paired with the Chase Sapphire Reserve or Chase Sapphire Preferred, the Freedom's 5x Category Bonuses let you rack up Chase Ultimate Rewards Points, transferrable to partners or redeemable via the portal.

Apply Now
More Things to Know
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Unlimited 1% cash back on all other purchases — it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.49-24.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Enjoy new 5% categories every 3 months
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Intro APR on Purchases
0% for 15 months
Regular APR
15.49%-24.24% Variable
Annual Fee
$0
Balance Transfer Fee
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.