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What is Dollar for Dollar Match from Discover?

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Its easy to earn cash back. Then, redeem it in any amount, any time—your cash back never expires1.

Discover’s dollar for dollar match is an exciting reward program that allows cardholders to double their cashback rewards. This article will explain what it is how it works and tips to maximize the value from Discover’s dollar for dollar match.

What is Discover’s Dollar for Dollar Match?

At the end of the first year, Discover’s dollar for dollar match program will match all the cashback rewards a cardholder has earned. Say you got $150 in cashback rewards the first year. Discover will give you another $150, matching your rewards dollar for dollar.

There is no limit to the amount Discover will match This means you can potentially turn $1000 cashback into $2000! It’s an easy way to maximize the rewards you earn with Discover

How Does the Dollar for Dollar Match Work?

Here are some key details on how Discover’s dollar for dollar match works:

  • It’s only available to new Discover cardmembers. Existing customers do not qualify.

  • You are automatically enrolled when you are approved for a new Discover credit card. There is no need to register.

  • Discover matches the cashback rewards you earn during your first 12 months as a cardmember. This is from the day your account is opened through the first 365 days.

  • In one to two billing cycles after the end of the first year, Discover will add the matched amount to your rewards balance.

  • There is no spending requirement to earn the match. Any amount of cashback earned will be matched by Discover.

Tips to Maximize Your Matched Rewards

Here are some tips to maximize the amount Discover will match in your first year:

  • Apply for a Discover card with bonus categories. The Discover It cards offer 5% cashback on rotating categories each quarter when activated. The more rewards you can earn, the more Discover will match.

  • Make sure to activate the 5% categories. Don’t miss out on the 5% bonus rewards each quarter. Setting calendar reminders can help remember to activate them.

  • Use your Discover card for everyday purchases. Since there is no spending requirement, all rewards count towards the match. Using it at grocery stores, gas stations, restaurants etc will quickly add up.

  • Pay your bill in full each month. This way you avoid interest charges which would reduce the value of your rewards.

  • Refer friends to Discover. Discover gives referral bonuses which also count towards your matched cashback.

  • Don’t redeem rewards until after your first year. When you redeem rewards, it reduces the balance eligible for the dollar for dollar match.

Why Does Discover Offer a Dollar for Dollar Match?

Discover offers the dollar for dollar match as an incentive for new customers to sign up for a Discover card and to encourage usage during the first year. By doubling rewards earned, customers are more likely to choose Discover over other cards. It helps Discover build loyalty and acquire long-term users of their products.

The match also provides great ongoing value. Even after the first year when the match program expires, you continue earning cashback at the standard rates which is more rewarding than a simple signup bonus that is only earned once.

Are There Any Downsides to the Dollar for Dollar Match?

There are very few downsides to Discover’s dollar for dollar match program. Here are a couple things to keep in mind:

  • You have to wait until the end of the first year to receive the matched amount. Other signup bonuses are paid faster.

  • If you close your account before the rewards are matched, you will lose out on the dollar for dollar match.

Overall, the dollar for dollar match is a very valuable and easy to earn rewards program from Discover. Taking advantage of this program is a great way to get the most from your new Discover card.

Frequently Asked Questions

What types of rewards count towards the dollar for dollar match?

Discover will match any cash back you get from using your card to make normal purchases. If you get cashback from deals or bonuses, it might not count.

Can I redeem my cashback rewards during the first year?

Yes, you can redeem your cashback at anytime without impacting the dollar for dollar match amount. Discover will match rewards you redeemed prior to the end of the first year.

What if I product change my card before the first year ends?

As long as your account remains open and in good standing, product changing your card will not impact the dollar for dollar match.

Do I need to register to earn the dollar for dollar match?

No. Discover automatically enrolls all new cardmembers in the dollar for dollar match program so there is no need to register.

The Bottom Line

Discover’s dollar for dollar match program is an extremely valuable rewards program for new Discover cardmembers. You have the opportunity to double your rewards just by using your Discover card for everyday purchases. Be sure to take full advantage of bonus category spending each quarter and refer friends to maximize the rewards Discover will match.

what is dollar for dollar match discover

Different Ways to Earn

With your Discover it card, you automatically earn unlimited 1% cash back on all purchases.

Earn 5% cash back on everyday purchases at different places each quarter, up to the quarterly maximum when you activate.

NOW: Earn 5% at Restaurants and Drug Stores, now – March 31, 2024, on up to $1,500 in purchases, when you activate.2

Youll still earn an unlimited 1% cash back on all other purchases – automatically.

As a new cardmember, get an unlimited dollar-for-dollar match on all of the cash back youve earned at the end of your first year, automatically7.

Theres no signing up. And no limit to how much well match.

With your Discover it card, you automatically earn unlimited 1% cash back on all purchases.

Earn 5% cash back on everyday purchases at different places each quarter, up to the quarterly maximum when you activate.

NOW: Earn 5% at Restaurants and Drug Stores, now – March 31, 2024, on up to $1,500 in purchases, when you activate.2

Youll still earn an unlimited 1% cash back on all other purchases – automatically.

As a new cardmember, get an unlimited dollar-for-dollar match on all of the cash back youve earned at the end of your first year, automatically7.

Theres no signing up. And no limit to how much well match.

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Its easy to earn cash back. Then, redeem it in any amount, any time—your cash back never expires1.

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