No more Discover double up on referrals

Discover has sent an email to some card holders advising of an unfortunate change in its referral program: beginning on January 1, 2018, the $50 bonus for referring a friend or opening a new account will be paid as a statement credit rather than as part of your cashback bonus. Furthermore, you’ll be limited to earning $500 a year from referrals. Here’s the full email:

 

 
Unfortunately, that means the referral/new account bonus will no longer double at the end of your first year. That’s not the end of the world a you’ll still both get $50, but it’s definitely a devaluation of the benefit. Still, the offer to double your cashback bonus at the end of year 1 remains one of the most generous cash back bonuses out there — especially if you make good use of Discover Deals. This change in referral credit would be minor in comparison to other changes that could have been made.
H/T: Reddit

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

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