How does the Discover it Cash Back referral system work?

Question

One of the best cash bonus credit card offers is the Blue Cash Preferred® Card from American Express. This card gives you $150 statement credit for spending $3,000 in the first 6 months. But there are tons of cash bonus credit cards that offer you money for meeting a spending requirement in the first few months. These cards are a good way to get a hefty rebate on your purchases at the start, especially if they also have no annual fee. But it’s important to remember that initial bonuses are just that – initial. You’ll want to choose a card that provides great everyday perks even after you earn the bonus.… read full answer

Here are some of the best cash bonus credit cards:

American Express Cash Magnet® Card

Blue Cash Preferred® Card from American Express

Capital One® Savor® Cash Rewards Credit Card

Chase Freedom Unlimited®

Capital One Quicksilver Cash Rewards Credit Card

Ink Business Cash® Credit Card

Some cash bonus credit cards offer the same cash back rate on all purchases. Other cards give even higher earning rates in certain bonus categories – for example, gas or groceries.

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Answer 1 · 2020-04-16 02:33:36

WalletHub, Financial Company

@WalletHub • 04/16/20 This answer was first published on 10/16/17 and it was last updated on 04/16/20.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Discover it Cash Back referral system is an easy way to earn as much as $1,000 in extra rewards each year. All you need is a referral link, which only takes a few minutes to get, plus some friends or family members who are interested in opening a new credit card account.

Here’s how to get a Discover it Cash Back referral bonus:

Go to Discover's website.
Log into your Discover account.
Enter your referrals’ email addresses or share your referral link on social media.

That’s it! You will receive $50 cash back or 5,000 miles, depending on the type of rewards your card offers, for every person who uses your referral link to get a Discover credit card. Five discontinued offers aren’t involved in the referral program: Discover® Business Cashback Credit Card, Discover® Business Miles Credit Card, Essential by Discover®, Escape by Discover® Credit Card and Miles by Discover®. But all eight Discover cards are eligible. And you can get referral bonuses for up to 10 people per year.

That means you can earn up to $500 (50,000 miles) per year from referrals alone. That’s like a great initial bonus every single year. But you need to know a lot of people who are in the market for a new credit card.

Fortunately, there’s a lot to like about Discover cards, so it should be a pretty easy sell. Plus, each individual you refer will also get $50 or 5,000 miles if he or she makes a single purchase within three months of account opening.

Answer 2 · 2020-04-16 13:38:07

Frieda Reiss, WalletHub Credit Card Analyst

@freiss • 04/16/20 This answer was first published on 11/09/17 and it was last updated on 04/16/20.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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If you login, you can either type up the person's email, or just send a referral link over Twitter or something.

Answer 3 · 2018-01-30 10:53:38

Kay Trine, Member

@kay_trine • 01/30/18 This answer was first published on 01/30/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You get a $50 statement credit whenever you refer a friend and they become a cardmember. Your friends can also get the same amount if they make their first purchase within 3 months. You receive the referral reward if your friend applies for the specific offer you send via a link, and of course after being approved. You can get a maximum of 10 such rewards ($500) per calendar year.