Discover Pushing Card Rewards to Grow Mortgage Business

Credit card issuers are trying hard to find new ways to generate revenue.

After all, credit cards delinquencies are near historic lows, cardholders are paying down their debt, and add-ons like insurance and payment protection have withered under close scrutiny.

Discover is trying to use their base of credit card customers to jump-start their mortgage business which they began in June of last year.

Now through April 16, Discover cardholders can receive five percent cashback by using their Discover card to pay for the appraisal deposits on a home purchase through Discover Home Loans. The money will be deposited into the cardmember's account within two billing cycles.

Discover Home Loans is offering some additional rewards:

  • If a cardholder uses a recommended personal real estate coordinator and earn up to $3,100 in cash rewards and discounts.
  • If Discover Home Loans isn't ready to close a home purchase on time, cardholders will receive a $1,000 credit toward the closing costs credited to their account.
  • Returning customers receive up to a $2,000 credit toward lender origination fees.
Discover it® Apply Now

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Discover it®

Special Offer: 0% Intro APR* on purchases and balance transfers for 14 months

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Chase Slate® Apply Now

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Chase Slate®

Special Offer: 0% intro APR for 15 months plus no balance transfer fees within the first 60 days

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Chase Freedom® Apply Now

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Chase Freedom®

Special Offer: 15 month 0% intro APR plus $100 bonus after your first $500 in purchases within the first 3 months of cardmembership

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Citi® Platinum Select® / AAdvantage® World MasterCard® Apply Now

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Citi® Platinum Select® / AAdvantage® World MasterCard®

Special Offer: No annual fee the first 12 months of cardmembership

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Barclaycard® Ring MasterCard® Apply Now

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Barclaycard® Ring MasterCard®

Special Offer: Low 8% (V) APR on purchases and balance transfers

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