Credit card rewards may get overlooked as a savings strategy, but they are a useful way to help reach your goals — especially when you’re saving for a big purchase. Cash back and Discover Deals, as well as seasonal, rotating or one-time bonus programs, can help you stock up on rewards quickly and, eventually, redeem them for something you really want. Here’s how.

Save With Cashback Bonus

Eligible Discover cards earn Cashback Bonus on every purchase. These rewards accumulate in your account automatically as a percentage of the money you spend on the card, and can be saved for something you really want without much extra effort on your part. If you’re a new Discover cardmember, you may earn even more with Cashback MatchTM, which automatically matches all the cash back you’ve earned at the end of your first year on your credit card — only for new cardmembers.1

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Discover it® gives you big‑time cash rewards with 100% U.S.‑based customer service.  

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Earn big‑time cash back that never expires with Discover it®

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Earn Additional Rewards With Discover Deals

Reach your savings goals faster by earning additional rewards on purchases that are part of the Discover Deals program. Cardmembers receive exclusive deals through partnerships with well-known brands. While some deals come in the form of discounts, others mean more Cashback Bonus to use toward your big purchase.

Keep Tabs on Quarterly Extra Rewards

Another way to boost your credit card rewards to save for large purchases is to take advantage of the rotating seasonal 5% Cashback Bonus program. Each quarter you sign up, earn 5% Cashback Bonus up to the quarterly maximum, and use your card to make purchases in that quarter’s category. For example, one quarter might reward purchases on gas and ground transportation; another on dining out and movie tickets.

How to Redeem Your Cashback Bonus for Something You Really Want

As a Discover cardmember, you can redeem your Cashback Bonus in any amount (starting at 1 cent), at any time. Receive your rewards as an electronic deposit to your bank account, or a credit on your next Discover statement. Use your rewards to pay for some or all of your special purchase. And if you need more time to accumulate enough rewards to reach your big goal, no sweat. Your cash back never expires.2

Footnotes:

1. Cashback MatchTM: After the first 12 consecutive billing periods that your new account is open, we will match all of the cash back rewards you’ve earned and apply them to your account in the following one or two billing periods. If your account is closed or no longer in the cash back reward program at the time we calculate your potential award, your cash back will not be matched. You’ve earned cash back rewards when they have posted to your account by the end of the 12th consecutive billing period. This promotional offer may not be offered in the future. This exclusive offer is available only to new cardmembers.

2. We will credit your account with your Cashback Bonus balance if your account is closed or if you have not used it within 18 months.

Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. The material on this site is not intended to provide legal, investment, or financial advice and does not indicate the availability of any Discover product or service. It does not guarantee that Discover offers or endorses a product or service. For specific advice about your unique circumstances, you may wish to consult a qualified professional.

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  • Discover It Card

    Earn big‑time cash back that never expires.

    Sponsored

    Earn big‑time cash back that never expires with Discover it®.

    Sponsored

    Get the credit card that's got it all: Discover it®.

    Discover it® gives you big‑time cash rewards with 100% U.S.‑based customer service.

    Discover it® Card

    Sponsored

    Get the credit card that's got it all: Discover it® 

    Discover it® gives you big‑time cash rewards with 100% U.S.‑based customer service.  

    Sponsored

    Earn big‑time cash back that never expires with Discover it®

    Earn big-time cash back that never expires with Discover it. See Rewards
Earn big-time cash back that never expires with Discover it. See Rewards