I signed up for the Discover Miles card last year – you know, the one with 1.5% cashback and then doubled at your anniversary to give you 3% cashback. I had signed up for the card on March 3rd, 2015. My first statement was on April 16, 2015. I didn’t get the double cash back on my April 10, 2016 statement. I finally got it on my May 10, 2016 statement, so my 13th statement.
As you can see, I earned 86,000 miles for the Apple Pay promo, which equates to $860 cashback. That meant I charged $8,600 worth of stuff during the promo. From the screenshot, you can see I also earned about 60,000 miles “everywhere else.” This means I charged $600/.015 = $40K on everything else. Discover then doubled those charges for a total of 145,861 “Discover Match” miles.
For those keeping score, my CL was only $6,400 on the card. I didn’t really MS much on it for fear of being shutdown after the first year and voiding my extra 1.5%.
I haven’t looked into it that much, but my plan is to churn the card. That means I want to close the card, give it some time, and apply for it again to see if I’ll qualify for the double cashback 3% again. This time, I might go a bit harder, but not enough to risk shutdown. If you know the churn-ability of this card, please let me know.