No, there is no Discover cash back limit. However, the 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 Cashback Bonus program does have a limit of $1,500 per quarter.
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.
Discover it credit card limits can be as low as $200 or $500, depending on the card. The available Discover it cards include offers for people with good and bad credit alike. Each has a specified minimum credit limit. So, you’re guaranteed of getting at least that much spending power if approved for an account. But there’s no way to determine whether you’ll qualify for a higher limit prior to submitting an application. Some Discover...
You can get cash back from a credit card by earning cash back rewards on purchases or taking out a cash advance. But most credit cards do not allow you to get cash back at the register when checking out at a store. That’s more of a debit card thing, though there are a few exceptions. For example, Discover cards have a feature that allows cash back at some store registers.
Discover will automatically increase the credit limit for eligible credit card accounts based on periodic account reviews that typically begin six months after an account is opened. Automatic credit limit increases are done at Discover's discretion, and there's no guarantee when one will occur.
How to Get an Automatic Credit Limit Increase From Discover
You don't have to do anything for Discover to review your account for an automatic increase. However, taking the...
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