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 rack up bonuses to redeem at select merchants or for cash. Your Discover Cashback Bonus® never expires, and you can redeem it in any amount, at any time.
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:
- Maximize Your Earning Potential
- Redeem Cashback Rewards in Any Amount, Any Time
- Make Your Purchases Work for You
1. Maximize Your Earning Potential
With a Discover it Cash Back card, you can earn 5 percent cash back at different everyday places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping (Amazon.com, Walmart.com, PayPal and more), up to the quarterly maximum each time you activate. 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.
Only Discover® Cashback Match automatically matches all the cash back you’ve earned at the end of your first year. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.1
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. Stocking up on gift cards? Get added value by using your Cashback Bonus to pay for them – gift cards start at only $5.
Prefer to just cash out? You have a choice between receiving a statement credit to your next credit card bill, or just having that cash deposited directly into your bank account. It’s a quick and easy way to pay yourself back.
You also have the option to pay with your Cashback Bonus® at Amazon.com and PayPal. You can use your Cashback Bonus® to donate to charity, as well. Even better, Discover donates $25,000 to the charity that cardmembers donate to the most each year.
3. Make Your Purchases Work for You
By fully taking advantage of the Discover Cashback Bonus® program, your purchases work harder for you by earning you 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.
Published March 3, 2016.
Updated June 10, 2020.
1 – Only from Discover, as of June 2020. No purchase minimums. 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 on your credit card 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.