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Discover® offers both cash back and travel credit cards. All its cards have competitive rewards rates and outstanding welcome offers, so it doesn't take long to earn cash back or miles. Once you're ready to redeem Discover rewards, here's how to do it.
Here's how to redeem Discover rewards:
Discover is as flexible it gets when it comes to redeeming rewards. There's no redemption minimum, so you can redeem any amount at any time. If you prefer to redeem your rewards by phone, you can call 1-800-DISCOVER (1-800-347-2683).
Redemption options depend on the Discover card you have. Most Discover credit cards earn cash back, but it also has a travel credit card that earns miles. Here are the options based on which type of rewards your Discover credit card earns.
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Discover it® Cash Back | Discover it® Chrome |
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Good/Excellent (670-850) |
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Good/Excellent (670-850) |
Welcome Offer: N/A Discover will match all the cash back you’ve earned at the end of your first year. |
Welcome Offer: N/A Discover will match all the cash back you’ve earned at the end of your first year. |
Rewards Program: Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. 1% - 5% Cashback |
Rewards Program: 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically 1% - 2% Cashback |
Intro APR: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months |
Intro APR: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months |
Regular APR: 17.24% - 28.24% Variable APR |
Regular APR: 17.24% - 28.24% Variable APR |
Annual Fee: $0 |
Annual Fee: $0 |
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Discover is most well-known for its cash back credit cards. Discover cash back cards include:
With these cards, you have four redemption options available for cash back, each offering the same value:
LEARN MORE: How Cash Back Credit Cards Work
Discover's only travel card is the Discover it® Miles. Interestingly enough, it works just as well as a cash back card. Although you can redeem Miles for travel, you can also redeem them for cash back at the same rate, an option most travel credit cards don't have. Here are the three redemption options you'll have with this card, all of which offer a value of $0.01 per Mile:
You can go through the process to redeem rewards on Discover credit cards in minutes. Log in to your account, pick the redemption option you want, and you can tap into that rewards balance you've been building. Discover also has some of the best credit cards for earning rewards. If you use your Discover card often, those rewards can turn into big savings for you.
Here are some other questions we've answered:
Don't you wish you could take a peek inside a credit card expert's wallet sometimes? Just to see the cards they carry? Well, you can't look in anybody's wallet, but you can check out our experts' favorite credit cards. Get started here:
To redeem your Discover Cashback Bonus®, go to the Discover website and log in to your account. Select "Ways to Redeem" to go to the rewards redemption page. Pick one of the redemption options, and you'll be able to cash in your Discover rewards.
You can redeem cash back with Discover at any time, and there's no minimum amount required.
Discover Miles are worth $0.01 per Mile, so every 100 Miles equals $1.
Our Credit Cards Experts
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.