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Discover $50 – $100 Bonus

Also be sure to check out the Chase $100 Sign Up Bonus [1] and the Discover $50 bonus [2]!

I spent some time last week chatting with a Discover rep about the Discover 25,000 Bonus Miles [3] offer to clarify the math. When I explained to him what I was doing, he suggested an even better card for readers! Talk about great customer service!

So this week, for Free Money [4] Friday, we’ll feature the (even better) Discover Miles card.

Discover is offering 12,000 bonus miles, which you can convert to a statement credit, for using the Discover Miles Card [5].

How to Get Your $50 Bonus

  1. Open a new Discover Miles Card [5].
  2. Earn 10,000 bonus miles by making one purchase each month for the first 10 months (1,000 bonus miles each month).
  3. Promotional miles will be applied within 8 weeks.
  4. Redeem 10,000 miles for a $50 account credit or have it electronically deposited into your bank account.

How to Get Your $100 Bonus

  1. Earn the miles in the same manner above.
  2. Use your card to purchase any travel on any airline, cruise, vacation package, hotel or car rental.
  3. Redeem 10,000 miles for a $100 travel credit to your account within 90 days after the purchase posts to your account.

More About the Miles

Annual Fee. There is no annual fee.

Extra Bonus Miles. You can actually earn 12,000 bonus miles if you use the card each month for the first 12 months. I used 10,000 in my example, because you can redeem them in 5,000 increments.

Miles for Purchases. In addition, to the bonus miles, you earn 2 miles for each dollar you spend on your first $3,000 in combined travel and restaurant purchases each year and 1 mile for each dollar above that and all other purchases.

Miles Never Expire.

Flexible Redemption. Because you don’t actually have to use the miles to book a flight, you can easily use your card for a business trip, or take the kids to a hotel overnight to get your $100!