How to Get 18% Cash Back With the Discover More Card

Last week, I wrote about the $50 Discover card signup bonus as well as their holiday promo offering $20 back for every $200 in purchases. Just like chocolate and peanut butter, these two promos go great together…

Here’s a quick bit of math: Start by applying for the Discover More card. Once you have it, go to one of the malls participating in their holiday promo and spend $500. At that point, you’ll qualify for the $50 signup bonus. You can then take your receipts to mall customer service and trade them in for $40 worth of gift cards. That works out to $90 in rewards on $500 in spending, or 18% cash back.

If you really want to make the most of this deal, spending an extra $100 will qualify you for another $20 gift card. That works out to $110 in rewards on $600 in spending, or 18.3% cash back. Not too shabby.

Hat Tip: Blueprint for Financial Prosperity