Discover Enhances Cash Back Program

Discover Enhances Cash Back Program

November 25, 2014         Written By Natalie Rutledge

Discover has expanded its cash back rewards program just in time for the holidays. Discover cardholders can now cash in their rewards at any time, no matter how large or small they may be. In addition, the cash back bonuses never expire.

Cardholders may redeem their cash back by applying the rewards to their statement balance, depositing them into their bank account, making a purchase online or contributing to their favorite charity. If a user’s account goes inactive or closes down, the rewards are applied to the remaining balance. They are not forfeited as they are with some issuers.

In 1986, Discover became the first credit card company to establish a cash back reward system. Since that time, cardholders have earned more than $12 billion in rewards.

In November 2013, Discover became the first major issuer to provide free FICO scores on their monthly credit card statements.

“We know our customers want the most rewards possible, but equally important is their ability to use them when they want,” Heather L. Roche, Discover’s vice president of rewards, said in a statement. “We are excited to give our cardmembers more redemption flexibility.”

The Discover it card currently gives 5% cash back on up to $1,500 spent each quarter with select categories of merchants, and 1% cash back on all other purchases. During the fourth quarter of 2014, bonus categories include online shopping and department stores. The card features 18 months of interest free financing on balance transfers, with a 3% balance transfer fee. In addition, cardholders receive six months of 0% APR on new purchases.

The information contained within this article was accurate as of November 25, 2014. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at
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