I love Discover, last month we cashed in $40.00 in cash back rewards. I often wonder how they make any money. We’ve been customers since 2001 they’ve paid us over $500 on cash back bonuses over the years.
HS
Menu Monday
2 hours ago
Discover Rewards
Discover is offering $20 gift cards for every $200 dollars spent at participating malls. I don’t understand how Discover can afford to do promotions like this but I’m tempted to take advantage of them. With the holidays coming up why not get a free lunch on them or $20 off a big purchase.
I love Discover, last month we cashed in $40.00 in cash back rewards. I often wonder how they make any money. We’ve been customers since 2001 they’ve paid us over $500 on cash back bonuses over the years.
HS
I love Discover, last month we cashed in $40.00 in cash back rewards. I often wonder how they make any money. We’ve been customers since 2001 they’ve paid us over $500 on cash back bonuses over the years.
HS
2 comments:
Most people will charge the $200 and take 5 years to pay it back. So they make about $100 or more on interest, that is how they make money.
These kinds of offers can benefit if you were already going to spend the $200 and you pay bill in full when bill comes in. But sometimes they have conditions that you must have a balance to recieve the bonus. Then it is not worth it.
I had a goal of not using credit this Christmas, but I wanted to take advantage of this offer. I made a $200 payment to Discover before heading to the mall, so I wouldn't be borrowing the money. I did end up spending about $240 though, so I need to send in another payment. I was able to use the $20 Discover gift card to help pay for two video games at Walmart, which each came with a $10 Walmart gift card. Those will be used to lower our grocery purchases next week.
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