Credit card rewards may get overlooked as a savings strategy, but they can be a useful way to help reach your goals. Earning cash back through your credit card issuers rewards programs can help you build your rewards and eventually redeem them for something you really want or may need. Below are some tips on how to manage your credit rewards.

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

Take Advantage of 5% Cash Back Rewards

Another way to boost your credit card rewards to save for large purchases is to take advantage of the rotating 5% Cashback Bonus program. You can earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com2, or wholesale clubs up to the quarterly maximum each time you activate..

How to Manage your Credit Card Rewards and Redeem Them

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 or redeem your cashback bonus for gift cards or electronic gift certificates from our popular merchant partners once you have earned at least $20 in Cashback Bonus. 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.3



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.