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Discover it brings back $200 bonus after $500 in spending
By Alex Compton · Updated
Discover it brings back a $200 statement credit for spending $500 within 3 months. The offer gives applicants a bonus on a card with no annual fee and first-year cash back doubling.
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At a Glance
Offer
$200 statement credit
Spend Requirement
$500 within 3 months
Annual Fee
$0
First-Year Rewards
Cash back doubled; statement credit bonus excluded
What Changed
The $200 offer is available again after expiring in August, when the regular offer was $100. The first-year cash back doubling feature remains available alongside the bonus. The $200 statement credit does not qualify for doubling.
Our Take
This offer is worth considering if your planned purchases cover the $500 spending requirement within 3 months. The ongoing rewards are more useful if you activate and use the rotating categories; purchases outside those categories earn 1% cash back.
Before You Act
- 1Confirm the application displays the $200 offer before applying.
- 2Spend $500 within 3 months to earn the statement credit.
- 3Activate the 5% bonus categories each quarter.