I’m always on the lookout for attractive credit card sign-up offers – however these days offers tend to involve (1) non-monetary rewards such as Citi points or miles, and (2) high spending limits in the $3,000-$5,000 range. A lot of offerings are also targeted at business customers.
However, the Discover It is giving a very good cash-back opportunity: you can receive $150 back after spending $750 – that’s like getting 20% off on whatever you buy with your next $750! The trick is to go to this creditcards.com page and click on the $150 offer from Discover It (should be the 6th card down the list). This is a fairly basic card so most people should not have trouble getting approved. Once you put $750 on it, you receive $150 cash back!
But wait – there’s a shortcut: you don’t even have to make $750 in purchases. Amazon Payments allows you to send up to $1,000 to another account holder (get a significant other or friend) each month via credit card without a fee. This means you can instantly grab your $750 cash back by putting payment through Amazon and requesting the same amount back from your partner!
This appears to be a limited time offer and is the best cashback ratio Discover has offered thus far; don’t wait to sign up now!