Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
The Discover Card Cashback Rules Are:
- You can redeem your rewards as a statement credit, bank account deposits, gift cards/eCertificates, charity donations, or use it as payment on Amazon.com and PayPal. You can also pay your Discover credit card bill with cash back rewards.
- The cashback rewards never expires.
- The cashback rewards can be redeemed at 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.
- Redemption of cashback may not be available for approximately 24-48 hours if your card is lost or stolen.
- Once your new account is approved, Discover matches the cashback you earn during the first year as a new cardmember. So, if you earned $200 during the first 12 months, Discover would throw in another $200 for a total of $400.
- You can redeem your cash back by logging in to 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 (1% after). 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.
Popular Credit Cards from Discover, Our Partner
People also ask
Can I get cash back on my Discover credit card?
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...
Is there a Discover cash back limit?
No, there is no Discover cash back limit. However, the 5% Cashback Bonus program does have a quarterly maximum of $1,500. And other special promotions may also include a cap.
Here’s more info about the Discover cash back rewards
- You can earn unlimited cash back on every purchase with certain Discover credit cards.
- The 5% Cashback Bonus program does have a limit of $1,500 per quarter and requires activation.
- There...
What are the Discover categories for credit card rewards?
The Discover categories for bonus credit card rewards are restaurants and gas stations, along with various rotating quarterly categories. When cardholders make purchases that qualify for their Discover card’s bonus categories, they earn extra rewards compared to the card’s base rewards rate. It is also worth noting that the bonus categories have quarterly limits, depending on the card.
Discover Credit Card Categories for Bonus Rewards
- Discover it® Cash Back: Rotating quarterly categories
- Discover it® Student Cash Back: Rotating...
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