Discover Grocery Bonus Offer
Discover has released a new offer for their cardholders offering up to 4% cashback at grocery stores through the end of September, 2016.
Update: Some people have reported not seeing this offer so it may be targeted.
Sign up to earn 2% Cashback Bonus on up to $500 in monthly purchases made at stand-alone Grocery Stores and Supermarkets now through 09/30/2016.
- Grocery purchases made at convenience stores, gas stations, warehouse clubs, supercenters, discount stores (or at grocery stores associated with supercenters or discount stores) are not eligible.
- Purchases made using tap-and-pay, mobile or wireless card readers, virtual wallets or similar technology may not be eligible.
Loading the Offer
To load this offer to your account, simply log-in and look towards the right hand side. You will see the offer listed under your normal 5% bonus category offer. You must activate it to earn the bonus cashback.
If you have the Double Cashback promotion then this would amount to 4% cashback on grocery purchases after the doubling. One simple thing to do would be to purchase a $500 Visa/MC gift card for $505.95 each month. That would earn $20 cash back after doubling or about a $14 profit. Of course, it is best to use this card for actual groceries if you don’t have a card that earns a better return at grocery stores.
As a reminder the Chase Freedom card is currently paying 5X at grocery & warehouse stores on up to $1,500 in purchases through the end of June. That is a better offer overall, but since both of these offers are capped, I suspect many of you will have the additional bandwidth to maximize both.
This is a good offer considering it comes in addition to the normal 5% bonus categories this quarter. This really only makes sense if you have Double Cashback on your account, since you can get 2% everywhere from a number of other cards.
Were you targeted? Did you get a different offer? Let us know in the comments!