Best Discover Credit Card Sign-Up Bonus Offers 2021

A credit card welcome bonus stands as the best way to earn extra benefits you can get in a card company. You can receive payments in travel rewards or cashback during the first few months you sign up for a credit card. However, you need to consider your budget before signing up for an impressive signup bonus.

Moreover, after opening a new credit card, you need to meet specific spending requirements ranging from $500 to $5000 the first three months of account opening to get the bonuses. You can only optimize the benefits if you can pay off your balance in full and on time. So, you don’t have to incur interest fees on your balance simply because you thought of earning some bonus points.

 Credit card bonuses are so common, and there are plenty of openings to cash in. The best discover signup bonus offers competitive rewards and achievable requirements to get the bonus offers. Besides, it’s obvious eyeing for the big bonus amount first, but you need to get the credit card bonus offer, which has requirements you can easily handle.

What Is a Credit Card Signup Bonus, And How Do They Work?

A signup bonus refers to a limited-time offer given by many rewards credit cards, such as cashback credit cards and travel credit cards, allowing you to earn as much as $750 or higher for a required spend. To get this bonus, you need to spend a set amount in a given timeframe, but some offers require a certain amount of purchases or just one swipe of the card. Usually, the more the required spend, the higher lucrative the bonus.

Additionally, bonuses get earned in cash back, travel miles, purchase points, or free hotel nights. Besides, a signup bonus is also known as a welcome offer. You may have different options of acquiring the gift offers depending on the type of card. However, you can redeem the premium for a given reward, such as cashback, or you may save the bonus for options such as travel, gift cards, or merchandise. Interestingly, there are other perks such as extended warranties and price protection that such card offers.

How Do You Choose The Best Discover Credit Card?

Credit cards provide a convenient way to pay for purchases along with earning rewards and building credit. There are many credit cards available, each having its pros and cons. However, some discover credit cards can get used in instant transfers with routing numbers and account numbers for money transactions. 

The main point in selecting your best discover credit card is looking at the most valuable one according to how best the factors such as redemption options, rewards type, bonus requirements, and other current card offers match your normal spending. The below are some of the top factors to bear in mind when choosing your favorable card;

  1. Credit profile

There are different credit cards available to users with a diversified credit profile, starting from those having excellent credit scores to the ones that are rebuilding their credit or beginners from scratch. Before signing up, it’s wise to know your credit score to go for the right card matching your credit profile. Besides, if you don’t have a top-notch credit profile, there are cards that you are eligible for that can help you rebuild your credit score over time.

  1. Earning categories

The merit of most credit cards is that you earn rewards based on your spending. Therefore, it’s essential to scrutiny on each card’s bonus categories. Several bonus types include travel and dining purchases, but other earning categories exist, such as groceries to entertainment. When selecting the best card, consider the card that matches your spending habits.

  1. Interest and fees

Credit cards tend to attract high-interest rates if you don’t meet specific payment deadlines. So, it’s crucial to settle your bills in full each month to avoid paying interest or choose a card having a low-interest rate. However, it may make sense to pay annual fees if the benefits reaped from the credit card are worth it.

  1. Annual fee

When selecting the suitable card for you, you’ll have to weigh the value you’ll get from the credit card compared to the amount payable as the card’s annual fee.  If you’re enjoying more in value than what the card is costing you, then the card serves as the right choice for you. Also, consider other fees that might apply to using the card, such as foreign transaction fees on international purchases.

What Is the Best Signup Bonus Discover Credit Cards?

  1. Discover it® Cash Back

Discover it Cash Back is ideal for users who want high rewards rates for some purchases and an extended 0% intro APR offer. This card’s outstanding feature is the 5% bonus cash back on up to $1,500 of quarterly spending in rotating bonus categories (activation needed each quarter). Cardholders who reach a limit in each of four categorizations in one year ($6,000 of total spending) would total $300 in cashback rewards. All other spending, including expenditures in categories above $1,500 in any given quarter, earns a standard 1% cashback rate.

Moreover, Discover it® Cash Back provides an unlimited first-year match in which all the cashback you gain in year one get matched, effectively 2X your rewards in the first year. So, if you exhaust the bonus bracket ($300 of tips) and receive another $5,000 of spending outside bonus type ($50 of rewards), you get $700 of total cashback in your first year ($350 plus $350 match). You can also get Discover It $75 public sign up bonus on this card.

  1. Annual Fee- $0
  2. Foreign transaction fees- $0
  3. Regular APR- 11.99% – 22.99% Variable APR
  4. Intro APR- 0% intro APR for 14 months; purchases and balance transfers
  5. Credit Score- 690-850

Good – Excellent

  • Discover it® Chrome

This credit card is for consumers who spend the most at restaurants and gas stations. Those with debt to settle off or a massive purchase to make could also take advantage of this card’s 0% intro APR. There is a lucrative signup bonus matching your annual cashback earnings 1-for-1 after the first year for most Discover credit cards.

You can also get up to 2% cashback when spending at gas stations and restaurants, on up to $1,000 in combined spending in both categories every quarter. However, this card earns 1% back on all other spending; this card makes 1% back.

  1. Annual Fee -$0
  2. Regular APR -$0
  3. Foreign exchange fees -$0
  4. Variable APR- 11.99% – 22.99%
  5. Intro APR- 0% intro APR for 14 months; purchases and balance transfers
  6. Credit Score- 690-850

Good – Excellent

  • Discover it® Miles

This credit card suit rewards enthusiasts who need a straightforward travel card with no additional fees. Discover automatically matches all the miles earned at the end of your first year. You can turn the miles as cashback to pay your bill, apply them to travel purchases, such as rideshares, gas stations, airfare, hotels, restaurants, and more with no blackout dates. Or utilize them to shop on Amazon.

 You can also receive unlimited 1.5x Miles on every dollar spent on all purchases with no annual fee. Discover is acceptable nationwide by 99% of the locations that take credit cards.

  1. Annual Fee- $0
  2. Regular APR- 11.99% – 22.99% Variable APR
  3. Intro APR- 0% intro APR on Purchases for 14 months and 10.99% intro APR on Balance Transfers for 14 months
  4. Credit Score- 690-850

Good – Excellent

  • Discover it® Student Chrome

Discover it Student Chrome is for students who do a lot of driving or eat out, as they can get the most bonus cash back on gas and restaurant spending. The most selling point of Discover credit cards is the company’s unique signup bonus. Cardholders can earn 2% cashback at restaurants and gas stations for up to $1,000 in combined spending on those two categories every quarter.

Notably, all other purchases earn 1% cashback. However, students can get a $20 good grade statement credit when they deliver a GPA above 3.0. The $20 credit is good for up to five years after the account gets opened. There is no foreign transaction fee on purchasing goods from overseas or during travel outside the U.S.

  1. Annual Fee- $0
  2. Regular APR- 12.99% – 21.99% Variable APR
  3. Intro APR- 0% intro APR on Purchases for six months and 10.99% intro APR on Balance Transfers for 6 months
  4. Credit Score -630-689

Average

  • Discover it® Student Cash Back

This credit card matches amateur students who want to earn cashback and get rewarded for excellent grades as they build credit. You can earn 5% cash back in quarterly rotating categories upon activation each quarter. The first $1,500 of spending each quarter calls for the bonus rate; all other purchases earn 1% back. Besides, you can get double rewards in the first year matching cashback earnings 1-for-1. The bonus is payable once to new cardholders at the end of their first year of ownership.

Additionally, the good students receive a grant of $20 in statement credit every school year to cardholders enrolled in college who post a GPA of 3.0 or higher in any term during the preceding school year. Student cardholders can earn the $20 good grades reward five years after the account get opened.

Bottom line

The above list elaborates on the best Discover signup bonus credit cards. There are various options of different credit cards for diverse credit score owners ranging from bad to excellent. However, the common feature with the cards is having the lucrative bonuses on the market. You can choose your ideal type based on the factors explained to get the most of your card.

About RJ Frometa

Head Honcho, Editor in Chief and writer here on VENTS. I don't like walking on the beach, but I love playing the guitar and geeking out about music. I am also a movie maniac and 6 hours sleeper.

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