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I reviewed the Citi Diamond Preferred Card last week because they're running a special holiday promotion that offers $200 cash back after you spend $500 online during the first 3 months.  While this a great sign-up bonus, I personally wouldn't use the card for anything more than scoring a free $200 on Cyber Monday. Beyond the $200 cash back, it doesn't offer any rewards program and is really more of a balance transfer credit card due to its long 0% interest period.  Since I never carry credit card balances and am a self-professed rewards junkie, that makes the card pretty much worthless to me in the long run.  Many of you may feel the same.

If you're still interested in scoring a sweet holiday bonus but want a credit card you wouldn't mind using on a more regular basis too, Discover recently let us know that the Discover More Card is now offering new cardholders $150 in cash back bonus after spending $1,000 during the first 3 months.  We've been told that this promotion is slated to only run through the month of November. If the $150 cash back bonus isn't enough to get you excited, here are several more things that can make the Discover More Card a great choice for the holiday shopping season:

(Note: This credit card offer is no longer available. Check out the similar Discover it™ for another excellent cash back option.)

1. You'll receive 5% rebates on up to $300 when shopping at restaurants, department stores, and clothing stores during the 4th quarter of the year.  For most of us, we'll be spending a lot of our time during the holidays in these types of stores.
2. You can get rebates between 5% and 20% when shopping at over 200 merchants via their online portal.  Some of their featured merchant partners include Target, Nike, Best Buy, and The North Face.
3. You can double the value of your cash rebates by exchanging them for gift certificates from over 100 merchant partners including Olive Garden, Bed Bath & Beyond, or Pottery Barn. So, a $50 rebate can easily turn into a $100 gift certificate on the spot.  Not bad!

Since this offer is only good for the month of November 2011, you've got less than two weeks to apply and take advantage of the Discover More Card $150 Holiday Cash Back bonus.  As usual, if any other holiday shopping bonuses come along in the meantime, we'll be sure to keep you updated on the details. Happy shopping!