Discover Cashback Bonus special in the Sunday paper

Discover Cards have a new promotion in the sunday paper, in the Smart Source coupon section. Be sure to check it out in your sunday paper. Here is a summary for y'all.

You recieve a $75 cashback bonus when you make $250 in purchases per month for 3 months. This comes out to $750 in purchases yielding a $75 reward. This is the equivalent of a 10% reward. GOOD!

You also get a 3.9% APR until 2010 on balance transfers. With the multiple drops in interest rates, this is something you need to look into. Depending on your credit score and other balances, you may be able to get qualify for much lower rates, even 0%, so be sure to check around first.

You also get 5% cashback bonus on select categories throughout the year. The special categories change every three months. You can also receive rewards from 5% to 20% when you make your online purchases through the Discover card online shopping portal.

The bad news for the Discover cashback rewards program is that for purchases that do not qualify for any specials, you receive a tiered cashback reward that starts at a sad and miserable 0.25%. Almost all other cashback programs have a baseline of 1% and unfortunately Discvoer continues to "ostrich" this.

For more details visit the Discover site or call their toll free number. The invitation code listed in the sunday paper is DAHX.

For more coverage of Discover in this blog, be sure to check our previous posts with the Discover tag. A total of 14 posts so far!