Consumers who have Discover More, Open Road and Motiva cards issued by Discover will be able to earn 2 percent cash back for every dollar of credit card debt they take on this holiday season, according to the Christian Science Monitor. This is twice the normal rate of 1 percent, and is designed to entice consumers to take on more credit card debt.
The promotion will run from November 15 through December 31, and customers have to sign up online to be eligible, the report said. In addition, it is only valid for the first $1,000 in credit card debt a consumer takes on.
A recent poll found that many consumers will rely less on their credit cards this coming holiday season. This is in keeping with the recent nationwide trend that has seen Americans scale back their spending and increase their monthly payment as they become more wary of carrying large amounts of credit card debt.