Discover it: $100 Referral Bonus

The Offer

No direct link to offer, must use a referral link

  • Some Discover it cardholders are being offered the ability to refer for a $100 bonus to both parties. Must make one purchase within 3 months of being approved

Card Benefits

  • No annual fee
  • Card earns 5% cash back on rotating categories (up to $1,500 in spend per quarter)
  • Earn double cash back for your first year as a member (doesn’t apply to the sign up bonus as that is statement credit rather than cash back)
  • Offer valid until December 31, 2021

Our Verdict

Bonus is significantly more interesting if a friend/family member is referring you and/or if you can take advantage of the 5% rotating categories. It is nice that this is a cash bonus and only requires a single purchase for those that struggle to meet minimum spend requirements and there is usually only a sign up bonus of $75 on this card. Because of that we will be adding this to our list of the best credit card bonuses.

Hat tip to US Credit Card Guide


Get 15% Cash Back on Online Purchases this Week with Rakuten

If you do any of your shopping online, this is the week to do it. You can get 15% cash back on your online purchases.

We’re not kidding. Fifteen percent.

A free browser extension called Rakuten has the hookup with just about every website you shop on, which means it gives you a kickback every time you buy.

From May 10-17, it’s running a promotion called Big Give Week, where it’s offering 15% rebates from hundreds of stores, brands and services. This eight-day shopping bonanza covers a wide range of purchases including fashion and apparel, health and beauty, travel, electronics, home goods, subscription services, dining and more.

Another eye-opening offer: a whopping $30 referral bonus. If you refer a friend to Rakuten during Big Give Week, and they join and spend at least $30 on a qualifying purchase, both you and your friend receive a $30 reward. So between the two of you, you’d spend $30 to earn $60.

Once you download the browser extension (it’s safe and secure), it automatically does three cool things:

  1. It gets you cash back on your online purchases from more than 2,500 stores, including Target, Walmart, eBay, Kohl’s, Macy’s, Petco, Sam’s Club, Best Buy and Lowe’s.

  2. It automatically applies coupon codes at checkout. Ta-da!

  3. It alerts you when a product you’re about to buy is available at a lower price somewhere else. Because really, why overpay?

Then you get your cash back via PayPal or check.

Finally, Rakuten is an official partner of the NBA, so here’s one more thing about Big Give Week: If you make a qualifying purchase of at least $25 at select stores, you’re eligible to receive a free Fanatics-brand player T-shirt and a New Era 9Forty team hat from top NBA teams.

It takes less than 60 seconds to create a Rakuten account and start shopping. All you need is an email address, then you can immediately start shopping at your go-to stores through the site.

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. He’s a giver.




SoFi Credit Card Full Details Released (4% Referral Bonus For 30 Days)

Update 4/8/21: There is now a referral bonus for double points earned for the first 30 days (please don’t share your referrals in the comments).Hat tip to reader V K

Update 3/15/21: Card is now available publicly. Sign up bonus is $20-$10,000 (they are giving away 50 million points (worth $500,000)) in total).

Update 12/16/20: Some people are targeted for a $100 bonus after $1,000 in spend. E-mail subject line is ‘Get $100 with the new SoFi Credit Card’

Update 10/28/20: Card has now started to be offered to SoFi customers via e-mail. Hat tip to reader Platypus

Original post: In January it was announced that SoFi would launch a credit card, in June we  got some additional details about what the card might offer. Today the card was briefly available on the SoFi app but it was not possible to apply for. The details shown when the card was live are as follows:

  • No annual fee
  • 2% cash back on all purchases
  • Full mastercard world elite benefits (including up to $1,000 cell phone insurance)
  • No foreign transaction fee
  • No sign up bonus

The previous rumor was that it would come with two 5% categories but also a $99 annual fee. For people interested in more details somebody saved the full terms & conditions here. Obviously it’s possible that the details surrounding this card could change again, but seems unlikely given the level of detail leaked here. In all likelihood we could see the official launch this coming week.

Hat tip to /r/creditcards


Point Rewards Debit Card – Earn 5x/3x/1x, $49 Annual Fee ($100 Referral Bonus)

Update 3/25/21: Point is now offering a $100 referral bonus

Point is a new rewards debit card on the market. Let’s take a look in this quick review.

  • Annual fee of $49
  • No sign up bonus, although you can get 50,000 points (worth $50) when signing up through Drop or $100 via referral
  • Card earns at the following rates:
    • Earn 5x on subscription purchases
    • Earn 3x on delivery and ride share
    • Earn 1x on all other purchases
  • Points are worth 1¢ each
  • Insurance:
    • Phone insurance covers up to $1,000/yr. in loss or damage when you pay with Point Card.
    • New purchase insurance reimburses you up to $1,000 in loss/damage.
    • Trip cancellation insurance covers up to $1,500 for expenses for cancellation/delay.

For most people they will be better of with just a standard rewards earning credit card, especially as this debit card comes with an annual fee. There are some limited use cases for this point card, but how useful that is will depend on how tolerant Point is with large purchases.

Referral Bonus

Point is offering a 10,000 points ($100 bonus) when you use a referral link and spend at least $1,000 on your card within 90 days of account opening. Person referring you also receives 10,000 points. Valid until 6/30/2021. Do not share your referrals here, but you can share them in this linked post.

Hat tip to reader T