Get the most from Discover Cash Back Bonus rewards & partners. Here’s how the program works and what you need to know about recent changes to the Discover Cash Back Bonus program.
How does Discover Cash Back Bonus work?
Discover Cash Back Bonus is the popular credit card rewards program. With their most popular card, More, you get 5% cash back bonus in rotating categories and up to 1% cash back bonus on everything else. Furthermore, you can also get a 5% to 20% cash back bonus with online shopping done through the ShopDiscover portal for cardmembers (hundreds of stores are part of the network). This accumulated Cashback Bonus you earn on your spending can then be redeemed in a number of ways…
When it comes time to redeem your rewards, you have a few options
So those options are all at face value (where $1 in cash back bonus equals $1 towards the reward) but there are a couple ways to increase what you get in return:
The Secret To Maximizing Your Cashback Bonus
For starters, take advantage of the 5% categories as much as possible. When it comes time to redeem your accumulated rewards, statement credits and direct deposits are only face value so skip those. The partner gift cards will almost always give you the most bang for your buck. At the very least, you’re almost always getting a 25% bump ($25 gift card for $20 in rewards) or an 11% bump ($45 gift card for $50). Especially being that there are a number of offers that give double value.
What’s The Best Card For Discover Cash Back Bonus?
The Discover More gives you up to 5% in various categories and 1% everywhere else.
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