Discover Double Cashback End Date & Terms
Around this time last year Discover rocked our world with the DEAL OF THE
CENTURY YEAR! While that may be a bit too much excitement, for a brief month or so they did offer existing cardholders double cashback for a year. (New cardholders can still get this when signing up.) This promotion doubles earnings through credit card spend and Discover Deals purchases. We even got Double Cashback on our Apple Pay purchases (10% doubled to 20%) last year.
This past year hasn’t been without trouble. Discover did eventually end double cashback for existing cardholders. They also severely limited payouts from the Discover Deals portal and added a gift card limitation to the Apple Pay promotion. It may have taken them awhile, but I think they eventually realized that doubling all cashback would mean a lot of money!
Confirming Your Double Cashback
Still, many of us are coming up on a year with this promotion, which means our double cashback money is a comin’. Since I know many of you will want to maximize this thing to the end, it is important to know exactly when your promotion is ending. First, let’s look at the legalese regarding the promotional end period.
After the first 12 consecutive billing periods, we will match all of the cash back rewards you’ve earned and apply them to your account in the following one to two billing periods. If your account is closed or no longer in the cash back reward program at the time we calculate your potential award, your cash back will not be matched. You’ve earned cash back rewards when they have posted to your account by the end of the 12th consecutive billing period. This promotional offer may not be offered in the future.
So the double cashback is not paid on the date of enrollment, but on the statement closing period. To confirm my end date and enrollment period, I hopped on chat with Discover. The agent was able to confirm everything for me. (Thanks to reader Anthony for the idea!)
Specifically the agent confirmed:
- The account was enrolled on June 5, 2015.
- The statement closing date is June 12th.
I then asked the all important question:
Me: So I can make purchases up until June 12 that will count towards the Double Cashback?
Agent: That is correct.
So there you have it. You should be able to make purchases up until the day of the statement closing even if the charge doesn’t fully post until later. I am still a little skeptical that they will payout on purchases that are made on June 12th that don’t post until the next statement period, but alas I do have a copy of the chat transcript to back me up. (I do have another card with a later enrollment date, so I’ll probably just use that as it gets closer to avoid any issues.)
Applying for Another Card
It is possible to get a second Discover It card to perhaps play the game for another year. I won’t go too much into the details here since Frequent Miler did a good job of covering all of the considerations for getting another Discover it card the other day.
If you enrolled in Double Cashback on your Discover it card about a year ago, it can’t hurt to chat with Discover to get them to commit to a firm end date just in case there are issues with the cashback posting. I know that I have earned quite a lot of cashback in the past year and will be excited to see it all post in the next month or two!