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$100 Cash Back Bonus from Discover

It’s Free Money [1] Friday! Yippee. Over the course of time, I’ve even started to look forward to the Friday article myself, even though I already know what is coming!

Right now, Discover Business Card [2] is offering $100 a cash back bonus.

Update: Discover announced that this promotion will expire on December 31, 2008.

How to Get Your Cash Back Bonus

  1. Open a new Discover Business Card [2].
  2. Make $1000 in purchases in the first 3 months.
  3. Get your bonus in 8 weeks.

Tips and Tricks

Don’t have a business?? No problem. Most credit card companies allow you to open a business account as a sole proprietor using your name for the business name and your SSN.

10% Cash back. Do the math. $100 on $1,000 in purchases is like getting 10% cash back, better than any of the other Cash Rewards Credit Cards [3].

Terms and Conditions. “Earn a $100 Cashback Bonus when you make $1000 in purchases within 3 months after your account is opened. Offer valid for new accounts only; limit one per account. We are not responsible for merchant delays in processing transactions. Promotional reward will be applied within 8 weeks. See Cashback Bonus Terms and Conditions for full details.”

Discover Card Details

If you are trying to decide what to purchase with the $1,000, in addition to the bonus, the regular cashback is:

  • 5% on the first $2,000 in office supply purchases.
  • 2% on the first $2,000 in gas purchases.
  • 0.25% for purchases made at select warehouse clubs and discount stores.
  • 0.25% on the first $5,000 in other purchases (1% over $5,000).
  • Office supply purchases in excess of $2,000 and gas purchases in excess of $2,000 earn the same rate as other purchases.