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
Please enter all required fields Click to hide
Correct invalid entries Click to hide
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 Comment
newest most voted
Inline Feedbacks
View all comments