If you are looking for a credit card that offers great services along with a referral bonus, then you need to consider the discover credit card and “discover refer a friend” program. The Discover refer a friend program offers $100 bonuses for both parties when current Discover cardmembers refer a new Discover credit card applicant. You can earn Referral Bonus as a credit for up to 5 referrals per calendar year ($500).
About Discover :
Discover is a financial services company that offers credit cards, financial bank and loan services. Their credit cards are more poluar as no or low annual fees with great cashback program.
Discover refer a friend program:
In Discover card, refer a friend referral program allow you to refer to Discover benefit with your friends and family and earn statement credit rewards.
If you have a Discover Credit card, you can get a $100 statement credit for each friend that becomes a cardmember. Plus, new Discover card applicants can get a $100 statement credit when you sign up through a current Discover card member’s referral and make one purchase within 3 months.
Note: You need to be eligible to refer a friend to this referral program. They call it Refer-a-Friend eligible cardmembers. You are not eligible to refer a friend if you have Discover it® Secured Credit Card or Discover it® Business Card. Also, your account has to be in good status to be able to receive rewards.
Note: The referral rewards range from $50 to $100. Currently, it is $500.
How to earn a $500 Referral Bonus:
If you just think of yourself, then it is tough to earn a $500 Referral Bonus, but if you adopt a “Helping others mentality” and think about your friend benefits, then it is very easy to get $500. With Discover’s Refer-a-Friend program, You and your friend both will get a statement credit for each referral that becomes a cardmember.
Discover It Card Benefits
- 0% intro APR on purchases and balance transfers for 14 months-then 13.49% to 24.49% variable purchase APR applies.
- The Discover It credit card provides 5% cashback on rotating categories (up to $1,500 in spend per quarter). 1% cash back on all purchases.
- New Freeze It(SM) on/off switch lets you prevent unauthorized charges if you misplaced cards.
- Free FICO® Credit Score on statements, online & by mobile app.
- 100% U.S.-based service any time.
- No annual fee. No over limit fee. No foreign transaction fee. No late fee on first late payment & paying late won’t raise your APR.*
- Each Discover purchase is monitored. If it’s unusual, you’re alerted by e-mail, phone or text and never responsible for unauthorized purchases on your Discover card.
- 24/7 Access to Your Account: You can Check your balance, review transactions, pay bills, and more.
- Exclusive offer as New Joiner: If you are opening a card now with this link, then you will get Double cashback on your 1st year purchased. 50% portion of Double cashback will be credited after 365 days of purchase.
Frequently Asked Questions
Will I get $100 Referral Statement credit always?
Getting a statement credit reward is easy with Discover referral program. For each friend you refer who is approved, you’ll receive the statement credit. When your friend makes their first purchase within the first three months, they will also receive a statement credit. You will receive a statement credit for each approved friend, up to $500 per calendar year. Offer not available for referrals that are existing Discover cardmembers.
How much Bonus Discover Refer-A-Friend Program has?
The Discover Refer-A-Friend program offers a $100 bonus for both parties when a current Discover cardholder refers a new Discover credit card applicant.
If you have a Discover Card, you can get a $100 statement credit every time a friend becomes a cardmember for up to five referrals per calendar year ($500). Plus, new Discover card applicants can get a $100 statement credit when you sign up through a current Discover card member’s referral and make 1 purchase within 3 months.
How to get $100 Bonus for Discover Credit Card?
When anyone join discover with your referral link then you will receive $100 statement credit and that is $100 Bonus.
What is Discover it for Students ($50 New Member Bonus)
Any student who is interested in Discover can open the “Discover it Students” card. You can sign up through this Discover it for Students Referral Link that was provided by a reader to get a $50 bonus after your first purchase within 3 months.
This is a great deal if you are interested in the Discover it for Students card.
Our 2 Cents:
We value your trust. Our goal is to give you the best advice to help you make smart personal finance decisions with multiple source of Income. Read our $1000 Fast money making guide and other referral bonuses from the below links (its FREE):
Since discover credit card offers a referral bonus of $100 statement credit for both parties hence Discover it card has become very popular now. Additionally, Discover it® – Double Cash Back your first year will roll out all these features and benefits that consumers actually want in a credit card. Their goal is to make Discover It cardholders lifelong customers so they offer popular features such as no late fee for the first late payment, no interest rate increased due to a late payment, 14 months of balance transfers and purchases, 1% cashback for all purchases, and 5% cashback for rotating categories. Join Discover It card and start referring your friends plus earn $100 Statement credit Now.