Discover More with $75 CashBack Is Now Discover More with $100 Cashback

Some interesting news out of Discover today. The Discover More Card with $75 CashBack is now the Discover More Card with $100 CashBack. Value has truly increased with this reconfigured card. That's because the amount of spending one must do to qualify for the cash bonus hasn't changed, i.e., spend $500 within your first 3 months as a cardholder. This revamped card is available here.

This card also features the same generous cashback rewards that are the hallmark of the Discover More family of credit cards: 5% cashback when spending within certain categories like grocery and drugs stores, dining, hotels, theme parks, travel and more. Cardholders also earn up to 1% cashback on all other purchases.

Cashback rewards don't expire, but:

"... if your account is closed for any reason or inactive for 18 consecutive months or if you fail to make any Minimum Payment Due for two consecutive billing periods, any Cashback Bonus in your Cashback Bonus account will be forfeited..."

So, as long as you don't shelve the card for a year and a half, and as long as you make payments on time, your rewards won't disappear.

Discover may have reconfigured this card to compete with the Chase Freedom Visa® credit card with $100 cash back bonus. This Discover credit card may be more attractive to consumers, however, because with the Chase Freedom $100 cash back bonus card, the cardholder must spend at least $799 within the first 3 months, whereas the Discover card requires only $500-worth of spending within the same period.

Yup: competition in the financial services industry is always a good thing! Amen. Enjoy!

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