Can I get cash back on my Discover credit card? This question is about the Discover it® Cash Back

Can I get cash back on my Discover credit card?

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This question is about the Discover it® Cash Back

Dan Tomlin, Member

@dan_tomlin • 04/22/22 This answer was first published on 09/29/20 and it was last updated on 04/22/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, you can get cash back on your Discover credit card, in the form of statement credit. You can also deposit any amount to your bank account.

To do this, sign in to your Discover account and click on “Rewards”. Then, select “Redeem Cashback Bonus” to be redirected to the redemption page where you can see your balance.

Other ways to redeem the Cashback Bonus are:

To pay at Amazon.com or PayPal checkout
To purchase gift cards starting at $5
Charity

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Here’s more info about the Discover cash back rewards:

You can earn unlimited cash back on every purchase with certain Discover credit cards.

…

read full answer

There might be a limit on special promotions and on the spending amount of some bonus categories.

Discover cash back rewards never expire.

There is no minimum redemption amount for cash back rewards.

If you haven’t applied for a Discover credit card yet, you should consider the Discover it Cash Back. If offers 1 - 5% cash back on purchases. And it has a $0 annual fee.

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How much is the Discover cash advance limit?

The Discover cash advance limit depends on your credit limit and on the type of credit card that you have. Existing balances, such as purchases and balance transfers, also affect how much cash you have available.

To find out exact information about your available cash credit line, log in to your Discover account and go to “Card Info”.… read full answer

Keep in mind that cash advances don't have an interest-free period. They also have a higher APR and are subject to a cash advance fee, so you should avoid getting one.

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What are the Discover card cashback rules?

The Discover card cashback rules are:

You can redeem your rewards as statement credit, bank account deposits, gift cards/eCertificates, charity donations, or to use it as payment on Amazon.com and Paypal.
The cashback bonus never expires.
The cashback bonus can be redeemed any time, in any amount starting with 1 cent (for statement credits, bank account deposits, Amazon.com and PayPal payments or charity donations). Gift cards and eCertificates options start at $5.… read full answer

Redemption of cashback may not be available for approximately 48 hours if your card is lost or stolen.

Once your new account is approved, Discover matches the cashback you earn during the first year. So if you earned $200 during the first 12 months, Discover will throw in another $200 for a total of $400.

You can redeem your cash back by logging into your Discover online account or calling Discover at (800) 347-2683.

The best Discover card for cash back is the Discover it® Cash Back as it offers up to 5% in quarterly rotating categories, up to the quarterly maximum when you activate. But different Discover cards have different cash back offers, so it's best to check out the full terms and conditions of the one you own, or want to apply for.

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