Is there a referral bonus for Discover credit cards?

The company does offer refer-a-friend bonuses for student credit cards.

What incentives does Discover offer?

Discover offers a range of incentives across its financial products. For checking accounts, you can earn 1% cash back on up to $3,000 in debit purchases per month, see the website for more details. For credit cards, Discover offers cash-back bonuses and referral promotions.

How long does it take to receive a new account bonus?

Discover will usually award bonuses in the first 60 days after meeting all requirements.

Can existing customers qualify for these promotions?

No. New account bonuses at Discover Bank are available only to new customers. If you have previously held a Discover account, you will be ineligible.

What happens if I close my account early?

You will not be able to receive the bonus on your new Discover Bank account if you close the account early. If you received the bonus and closed it soon after, the bank may decide to forfeit the bonus.

Are there any taxes on bank bonuses?

Yes. The IRS considers bank bonuses to be interest income. Discover Bank will supply a 1099-INT tax form, which includes the interest and bonus amount on the account, if the amount is more than $10.

Advertiser Disclosure

Discover Bank Promotions: Best Offers and Bonuses for 2025

August 4, 2025

5 min Read

Written by Joshua Rodriguez

Edited by Elizabeth Constantineau

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

If you’re considering a new bank account, Discover® Bank, Member FDIC, often offers promotions for eligible new customers. Here’s what to know about current offers and how to qualify.

Current Discover Bank Promotions: August 2025

Here are the promotions currently on offer this month:

Account	Offer Amount	Expiration Date
Discover® Checking Account	Earn 1% cash back on up to $3,000 in debit card purchases per month	N/A

Discover® Checking Account Bonus

The Discover Checking Account offers Discover cashback debit rewards to make your spending go further, whether it’s daily transactions or outgoing wire transfers. Here are some key takeaways to know about the perks:

Reward amount: Earn 1% cash back on up to $3,000 on debit card purchases each month
Expiration date: Not posted
Monthly fees: None
APY: None
Terms and conditions: See website for more details

Earn more with the Discover online checking offer.

How To Qualify for a Discover Bank New Account Bonus

To qualify for a Discover Bank bonus, you would need to be a new customer and open a checking account for the first time. The offer is not eligible for existing customers or those who have recently held an account with the bank.

Discover is an online bank with no physical branches, so you won’t be able to walk into a branch and open an account. Nonetheless, opening an account is a relatively easy process. Follow the steps below to get started.

Step-By-Step Guide

Go to Discover Bank’s website and compare accounts. They offer savings, checkings and CD accounts.

Find the type of bank account you’d like to open and click “Open Account” or “Apply Now” on the product page. You can also click the link in the top-right corner of the Discover Bank Home Page and choose the type of account you’re interested in from the drop-down menu.

If you’re a new customer, click the “Continue” button under the “New to Discover?” heading. If you’re an existing customer, click the “Continue” button under the “Already a Discover customer?” heading to speed up the application process.

Fill out all required information. This includes your name, Social Security number and other personal information.

Fund your new account if you’re opening a bank account or a secured credit card account. If you’re not ready to add funds, you can add them later.

Check your email. If you’re required to complete any additional steps, Discover Bank will email them to you.

How Discover Bank Promotions Compare

Discover Bank’s bonuses are straightforward and pretty competitive, especially for checking accounts. While other banks might have more types of bonuses, Discover keeps it simple. This makes it easier for you to understand what you’re getting without having to jump through a lot of hoops.

Here’s how Discover stacks up against three other popular checking account options.

Checking

MOST COMPARABLE

4.7

GBR Rating

Wells Fargo Everyday Checking Account

Read Review

MOST COMPARABLE

4.5

GBR Rating

Ally Checking Account

Read Review

MOST COMPARABLE

4.3

GBR Rating

PNC Checking Account

Read Review

Fees

$5 to $35 waivable monthly fee

$7 to $25

APY

Up to

N/A

Min Opening

$25

Final Take: Is Discover Bank Right for You?

If you’re looking for a traditional checking account, Discover may not be the best option because you can’t make cash deposits at a branch office. However, if you’re looking for a way to earn meaningful returns on your savings and take advantage of Discover Bank bonus offers while you’re at it, this bank, named one of the Best Banks of 2025 by GOBankingRates, may be just the right fit.

Discover Bank Promotions FAQ

Find the answers to the most common questions about Discover Bank promotions below.

Is there a referral bonus for Discover credit cards?
- The company does offer refer-a-friend bonuses for student credit cards.
What incentives does Discover offer?
- Discover offers a range of incentives across its financial products. For checking accounts, you can earn 1% cash back on up to $3,000 in debit purchases per month, see the website for more details. For credit cards, Discover offers cash-back bonuses and referral promotions.
How long does it take to receive a new account bonus?
- Discover will usually award bonuses in the first 60 days after meeting all requirements.
Can existing customers qualify for these promotions?
- No. New account bonuses at Discover Bank are available only to new customers. If you have previously held a Discover account, you will be ineligible.
What happens if I close my account early?
- You will not be able to receive the bonus on your new Discover Bank account if you close the account early. If you received the bonus and closed it soon after, the bank may decide to forfeit the bonus.
Are there any taxes on bank bonuses?
- Yes. The IRS considers bank bonuses to be interest income. Discover Bank will supply a 1099-INT tax form, which includes the interest and bonus amount on the account, if the amount is more than $10.

More About Discover Bank

Caitlyn Moorhead and Daria Uhlig contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 4, 2025.

All information about Discover® Cashback Debit has been collected independently by GoBankingRates. Discover® Cashback Debit is no longer available through GoBankingRates.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.