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What is the Discover Cashback Bonus?

Last Updated: November 15, 2022
3 min read

You use your credit card all the time. Wouldn’t it be nice to be rewarded for your everyday purchases?

Discover it® Cash Back is a credit card that gives you cash back rewards on every purchase, allowing you to earn rewards that you can redeem at select merchants or for cash. Your Discover Cashback Bonus® never expires, and you can redeem it in any amount, at any time.1

By understanding how the Discover Cashback Bonus® program works, you can earn cash back on the things you buy. Consider these guidelines to help you take advantage of Discover’s Cashback Bonus:

1. How does the Discover Cashback Bonus card maximize your earnings?

With a Discover it Cash Back card, you can earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.2 Use the 5 percent Cashback Bonus® calendar to see the categories for each quarter.

The earning potential doesn’t stop there. You automatically earn an unlimited 1 percent cash back on all purchases you make with your Discover it® card.

Further, Discover® Cashback Match automatically matches all the cash back you’ve earned at the end of your first year.3 There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.

2. Redeem Cashback rewards in any amount, any time

Now that you’ve earned all that cash back, what can you do with it? Discover offers many ways to redeem what you’ve earned.

From Cashback Bonus to cash in the bank

You can choose to deposit your Cashback Bonus directly in your bank account, or you can apply it as a statement credit to your next Discover credit card bill, reducing the amount you owe. Either way, you’ll have extra cash to spend!

Does your Cashback Bonus work for gift cards?

Your Cashback Bonus lets you stock up on gift cards. You can redeem your cash back on gift cards starting at just $5 per card. Plus, get an added bonus on every card!

Shop with your Cashback Bonus

You also have the option to pay with your Cashback Bonus® to check out at Amazon.com4 and with PayPal.5

Discover ways to redeem cash back infographic

3. Make your purchases work for a bigger Cashback Bonus

The Discover Cashback Bonus® program makes your purchases more valuable because you earn cash back rewards. But remember, it’s still a good idea to try and pay your balance on time and in full each month. To help keep track of when you can pay off your balance, you may be able to calculate the interest and payoff time of any credit card with online tools, like the Credit Card Interest Calculator from Discover. The program is easy to use and accessible from the Discover website and mobile app. It’s one of the many benefits of card membership that makes the money you spend work harder for you.

*See details below for more information.

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