Yes. You can redeem Discover it Cash Back rewards for gift cards, starting at $5. Discover allows you to redeem rewards in multiples of $5, up to $200, toward gift cards from retailers such as Domino’s Pizza, iTunes, Kohl’s, Lowe’s, Outback Steakhouse and more. The rules for redeeming cash back for gift cards apply to all Discover cards that offer cash back rewards, not just the Discover it Cash Back card.
To redeem Discover it Cash Back rewards for gift cards, log in to your account from the Discover website or through the mobile app. Then, from the Rewards menu at the top of your account summary, click “Redeem Cashback Bonus,” followed by the “Browse It” button on the Gift Cards tab to view gift cards from more than 150 merchants.
Many of the gift cards available on Discover’s rewards portal even come with discounts up to 50%, depending on the retailer. As a result, you may be able to get more value by redeeming your Discover it Cash Back rewards for gift cards rather than for a statement credit or online purchases.
Discover mails gift cards to your billing address within 3 business days. A number of gift cards also allow you to redeem for eCertificates, which are sent via e-mail and are immediately available for use.
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