Discover it $50 Sign Up Bonus

Posted by Madison on October 6, 2017

Now that the holiday 4th Quarter 5% cashback offers are posted, it’s time to start planning our spending.

Discover is once again featuring 5% cashback at Amazon and Target during 4th quarter.

With their Cashback Match program, you can earn double cash back, or 10% cashback during the holidays!

Once again, our last year with Discover was very lucrative because of the double cashback! We’ve earned over $6,000 in cashback from Discover!

Unless you are still within the first 12 months of your last sign up, to earn the double promotion you have to get a new card.

Discover also has a $50 sign up bonus for new cardmembers.

It’s Free Money Friday!

How to Get Your $50 Sign Up Bonus

  1. Open a new Discover it card via referral* to get a $50 sign up bonus.
  2. Make your first purchase within 3 months of being approved.
  3. Earn a $50 statement credit.

*The Discover card without the referral is listed in our credit card directory. Find and compare all current credit card offers in our credit card directory.

Cash Rewards Bonus

Terms and Conditions

  • No annual fee.
  • Rewards never expire.
  • This exclusive offer is available only to new cardmembers.
  • After the first 12 consecutive billing periods that your new account is open, we will match all of the cash back rewards you’ve earned and apply them to your account in the following one or two billing periods.

More on Discover

Earning Rewards. You will earn 5% cashback on rotating categories each quarter. 5% quarterly cashback is listed in the Discover Rewards Calendar. You’ll earn 1% cash back on all other purchases.

Redeeming Rewards. You can redeem your cashback as statement credits, a deposit to your bank account, for gifts cards or to use as payment at

Cashback Match. You earn double cash back for the first 12 statement cycles. The bonus cashback will be posted at the end of the 12 months. All cashback is doubled including the quarterly rewards listed in the Discover It Rewards Calendar. I just got our cashback match from our Discover purchases last year which doubled our Q4 purchases at Amazon! It also doubled our Discover deals (for example shopping at Walmart to get 5% cash back doubled to 10% cash back).

2 Card Maximum. You can only have two Discover cards at a time. If you are planning to apply for a new card, you may need to close another card first. Keep the card maximum in mind before you apply for a new card to get the double cash back.

Referrals. You can refer your family and friends to earn $50 cashback. Last time we took advantage of the Discover card offer, my husband referred me to earn $50 for the referral. In addition, I earned $50 which doubled to $100. There’s a maximum of 10 referral rewards ($500) per calendar year. As of January 1, 2018, the $50 bonus will be a statement credit which will not be eligibile for doubling.

Bonuses on 2nd Discover Card. If you are an existing Discover card holder and you are adding a second card, you will not receive the $50 bonus to open a new card. However, I can finally confirm after two years, we did earn the double cash back on the second Discover card!

Sign Up for Discover

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Comments to Discover it $50 Sign Up Bonus

  1. So I have a Discover card I got several years ago, can I apply for this new ‘It’ card and still get the $100 bonus? Thanks for your help and continued success with the site.


    • It should. I have 2 chase freedom cards.


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