Discover Card is again running their Holiday Mall Promotion, which gives you $20 back for every $200 that you spend at limited mall locations.
Get a $20 Discover® Gift Card when you make $200 in purchases with your Discover Card at a participating mall between 11/01/08–01/04/09, while supplies last. Original receipts and the Discover Card used to make the purchases must be presented to a participating mall’s Customer Service by 01/04/09. Limit 5 Gift Cards per account, while supplies last, during the promotion period. Gift Card is valid through July 31, 2009.
Basically, you can get up to 10% back if you spend an exact multiple of $200, with a maximum $100 off $1,000 per Discover card account. (Additional cardholders seem to count as a separate “account”.) Not a bad deal if you’re gonna spend that much anyways. Mmm… Macbook…
During a previous year, a reader happened upon a loophole: If you return your purchase, there is no requirement to return the gift cards. Maybe you found something cheaper elsewhere. This brought up some ethical problems. Keep them? Or try handing them back to the Customer Service clerk? But be careful, because if you end up deciding to buy more stuff again later, you won’t be able to participate again since they don’t have any official mechanism to return the gift cards.
New Discover Card Sign-Up Promotions: $50 to $100
This would go nicely with the Discover More Card which now offers 0% on balance transfers and purchases for 15 months. 1% cash back on most purchases, and 5% back on rotating special categories.
The Miles by Discover Card also offers 12,000 Miles (1,000 miles per month with any purchase for a year). This can be redeemed for $100 cash credit towards any travel purchase put on the card (air, hotel, car rental), or you can get a $50 gift card + $25 cash.