Smartest Ways to Spend Your Cashback Rewards

The Discover it card offers Cashback rewards that are incredibly flexible. So flexible, in fact, that you may not even be aware of all of the ways to redeem them. Here’s a look at how you can take advantage of your Cashback Bonus.

Pay With Cashback Bonus Partners

You can use your Cashback rewards to purchase items directly from select retailers with the Pay with Cashback Bonus Partners option. Bonus partners include major retailers such as Amazon.com, iTunes and Overstock.com. To use your Cashback Bonus this way, log in to your Discover account and view the full list of Discover Cashback Bonus partners.

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

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Redeem For A Statement Credit

Another way to use your Cashback Bonus to pay for purchases is to redeem rewards as a statement credit toward your account balance. And unlike some other cash-reward credit cards, statement credits are available at any time and in any amount, with no minimum.

Receive An Electronic Deposit

If you prefer to have your Cashback Bonus deposited directly into your bank account, you can choose an electronic deposit. This gives you the freedom the spend your Cashback however – and whenever – you prefer.

Make A Charitable Donation

You can use your Cashback Bonus to help others: Discover allows you to redeem your rewards toward several non-profit causes. Options include the American Cancer Society, the American Red Cross and the World Wildlife Fund.

Redeem Rewards For Gift Cards

Another attractive option for using your Cashback Bonus is to redeem it for gift cards. Every merchant gift card that you receive with your Cashback Bonus comes with a boost in value, so you always get more than you redeemed for. For example, you may be able to redeem $40 worth of your Cashback Bonus for a $50 gift card to a specific merchant. You can redeem your Cashback Bonus for gift cards from more than 100 merchants, each with at least $5 in extra value. To look at the latest gift card offers, log in to your Discover account and redeem your Cashback rewards.

Use Your Rewards For eCertificates

If you like gift cards but prefer instant gratification, try redeeming your Cashback rewards for an eCertificate. These are just like gift cards, but you can immediately download them to your computer or your mobile phone using the Discover app. And like gift cards, eCertificates come loaded with more money than what you redeemed them for.

Legal Disclaimer: The articles and information provided herein are for informational purposes only and are not intended as a substitute for professional advice. 

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