Evolve Money Update and Discover It Cash Back Clarification ($50 Refer a Friend Bonus and 5% Cash Back at Walgreens)
Good evening, the first half of this post is a follow up to Evolve Money Adds Discover Credit Cards as Bill Pay Payment Source (Visa and MasterCard Payments Coming in 2015). We last left off with a $999 Evolve Money pending charge on my Discover It Credit Card.
I am happy to report than the Evolve Money bill payment posted as a purchase. It is still yet to be determined if these transactions will earn cash back (1%) and/or 5% cash back for being an online transaction for Discover It’s 4Q category bonus. According to Doctor of Credit, Evolve Money bill payments should earn 1%, but not 5%. We will see if he is right…
The bill payment posted very quickly. I think the Evolve Money relationship with Discover could be good. I’m looking forward to when Visa and MasterCard join in 2015.
The second half of this post is a revision to Random News: AMEX Offers for Best Buy and Starbucks; and Discover It Cash Back Confusion. In that post, I tried to decode my Discover It Credit Card cash back and figure out which transactions fit into each cash back section.
I made these 6 transaction last month on my Discover It Credit Card:
I am not sure if this is a new feature on Discover’s website or if I have just missed it for the last several months, but there is actually a very detailed cash back bonus summary on Discover’s website. In early October, I forgot that I referred a friend to the Discover It Credit Card, which earned me a $50 referral bonus.
The $55.15 cash back for the Shop Discover and Promotional section is made up of a $50 referral bonus and 2 Shop Discover portal payouts ($5.15 total). If you have a Discover It Credit Card, you can refer your friends and family members and earn $50 per referral.
The $35.69 cash back for the 5% Cash Back Bonus section confused me at first. $35.69 / 5% = $713.69, which is made up of 3 transactions from Walgreens ($303.95 + $103.95 + $305.79). I am not sure why the last $303.95 from November 4 did not earn 5%, but I hope it shows up on my next statement.
The last $18.43 cash back for the Everything Else section means that $1,843 was charged and only earned 1% cash back. If I add up all the transactions from the last statement, the total spent was $2,843.71. If I subtract the $1,000 in 5% Walgreens purchases, the remaining balance is $1,843.71. It looked like I earned 1% on those purchases, so I earned $18.43 cash back.
2 surprises from analyzing Discover’s cash back sections:
- GiftCardMall.com *does not* count as an online purchase, therefore not earning 5% cash back.
- My November 4 Walgreen purchase did not earn 5% cash back this statement. I will need to track that for next month and see if it shows up there. I hope it does.
If you have any questions, please leave a comment below.