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If you plan on doing some serious holiday shopping this year, and you have a Discover card in your wallet/purse, then you'll like today's news. Discover, which already offers the best cashback rewards program in the industry, is going to double the cashback rewards for Discover cardholders, starting on November 15, 2010. What's the catch, you ask? This extra bonus only works with online shopping.

If you're like me then you probably do most of your shopping online anyway. IMHO, shopping online is the best thing since...well, the Internet!

Here's a clip from today's press release:

"...With the holidays just weeks away and in time for Black Friday and Cyber Monday, Discover is announcing extra cardmember benefits to provide gift buyers with greater value when they use their Discover cards this season.

Starting November 15, Discover cardmembers will earn Double Cashback® Bonus (2 percent) on up to $1,000 in holiday purchases on any online shopping through December 31. And because Discover Cardmembers are always earning Cashback Bonus on every purchase they make, once they reach the $1,000 spending limit, they will still automatically earn up to 1% Cashback Bonus. Discover cardmembers can quickly and easily enroll in the Double Cashback Bonus program at Discover.com or by calling 1-800-DISCOVER (347-2683).

Other ways Discover is rewarding cardmembers and helping them to maximize their holiday spending include:

* 5% Cashback Bonus: Discover Cardmembers have the opportunity to earn 5% Cashback Bonus in rotating categories throughout the year. From October through December, cardmembers can earn 5% Cashback Bonus on up to $300 in purchases at restaurants, department stores and clothing stores. Cardmembers can enroll at Discover.com or by calling 1-800-DISCOVER (347-2683).

* Increased Cashback Bonus at ShopDiscover: Discover cardmembers already enjoy earning 5%-20% Cashback Bonus on purchases made through ShopDiscover, Discover's exclusive online shopping mall featuring more than 150 top retailers. Starting November 11, more than 65 ShopDiscover retailers will increase the Cashback Bonus amount they offer by 5%, with partners such as Dell, Sears and Lands' End offering 10% Cashback Bonus for a limited time. Many others will offer free shipping on merchandise purchased through the site.

* Expanded Redemption Options: Discover recently announced an expansion to its rewards program to include more ways for cardmembers to redeem their Cashback Bonus, including the ability to redeem for brand-name merchandise. During the holidays, Discover cardmembers will experience the addition of even more merchandise, including popular consumer electronics such as Wii Bundles, iPods, Blu-ray Disc Players and HD Camcorders - all delivered with no shipping fees. Cardmembers also will be able to redeem their Cashback Bonus rewards for exclusive experiences, including the ability to purchase 2011 Discover Orange Bowl tickets that include exclusive cardmember experiences surrounding the game.

'Discover has a rich tradition of rewarding our cardmembers and helping them to do more with their holiday gift budgets,' said Julie Loeger, senior vice president of rewards and brand management at Discover. 'Whether cardmembers want to use their Cashback Bonus for merchandise, partner gift cards, a unique experience or a charitable donation, Discover is offering incredible value and choice for everyone's holiday wish list.'..."

If you don't have a Discover credit card, click here to review the Discover cards we recommend. And happy shopping!

Labels: cashback, christmas_shopping_season, credit_card_review, holiday_shopping, xmas_shopping