Exciting News: This may be the Best Credit Card Deal of the Year! Between September 16 and December 31 2015, Discover and Apple Pay are joining forces with their 10% Cashback Promotion for up to $10,000 for all in-store purchases. Since the 10% is on top of the regular 1% everyday cashback spending, you may be getting up to $2,200 bonus per card due to the double cash back 1st year promotion! This has been confirmed from Discover’s official Twitter account. Now may be the best time to sign up now for a Discover Card. You’ll also get a $50 bonus after your first purchase.
Official Discover’s Press Release:
From September 16, to the end of the year, cardmembers who pay with their Discover card using Apple Pay will automatically earn an extra 10% Cashback Bonus on up to $10,000 of in-store purchases. Discover it Miles, Miles and Escape cardmembers will earn an extra 10 miles per dollar on up to $10,000 of in-store purchases.
Whether you have a Discover It or Discover Miles Card, you qualify 10% cashback (or 10X miles) on up to $10,000 in spend per cardmember when paying with Apply Pay. I can imagine visiting a store that accepts Apple Pay and sells $500 Visa gift cards. You can, in essence, buy $10,000 worth of Visa gift cards and get $2200 in cash back. Even with all the purchase fees, you could easily profit over $2000!
Discover & Apple Pay 10% Cash Back Bonus:
- What You Need: An iPhone that supports Apple Pay (iPhone 6, 6 Plus, 6S, or 6S Plus) & Discover Card enrolled in the Double Cashback (or Double Miles) offer.
- Promotion: 10% Cashback or 10x miles on up to $10,000
- Expiration: 12/31/2015
- Terms: Valid for in-store purchases only, romotion available in US only, and Bonus is paid on the first $10,000
- Additional Advice: Visit one or more stores that support Apple Pay and let you buy gift cards with a credit card. Even better if you can find a store with the 4th Quarter 5% cash back categories.
How To Get an Apple iPhone 6 for Free:
The biggest problem is that you will need an iPhone 6. You can simply do an upgrade(I would wait for an iPhone 6S in a few weeks) or buy a new one. It will be expensive if you buy, but the better option may be getting a Citi AT&T Access More Card to get a free iPhone 6 after $2,000 spending requirement. Those with an iPhone 5 and would like to do this deal, you can buy the Apple Watch (prices starting at $549) and pair it to your existing phone to make all your in-store purchase. Here is where you can find retailers that accept Apple Pay.
Discover Card $50 Bonus:
Unfortunately, you cannot enroll existing Discover cards into the Double Cash Back for a year offer. You can simply sign up for a new Discover card and earn a $50 cashback bonus after first purchase. I recommend the Discover It card in order to get in their rotating 5% cashback categories and access to the Discover Deals portal. You can have up to TWO Discover cards so I recommend the Discover It Miles as your second card. Those with a spouse or a family member, suggest they all sign up as long as they have an Apple iPhone 6 in order to do the 10% cashback promotion.
Stores with Apple Pay:
- Aeropostale
- American Eagle
- BJ’s
- Champs
- Chevron
- ExtraMile
- Foot Locker
- Meijer
- Office Depot
- Radioshack
- Six:02
- Sports Authority
- Texaco
- Wegmans
- Apple
- Babies R Us
- Bloomingdale’s
- Disney Store
- Duane Reade
- Macy’s
- McDonald’s
- Nike
- Panera Bread
- Petco
- Sephora
- Staples
- Subway
- Toys R Us
- Unleashed
- Walgreens
- Walt Disney World Resort
- Whole Foods Market
We will keep this list up to date so you will know exactly what stores will work with this promotion.
Conclusion:
By far the best credit card promotion of the year with up to $2200 bonus cashback! This may be the best excuse to get an iPhone 6 & Discover card to earn the maximum cashback! We will also check back with the quarterly 5% rotational bonus for potential even higher cashback. For more information on great credit card bonuses, check out our list of Best Credit Card Promotions.