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Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. His work with Motley Fool Money and The Motley Fool has appeared syndicated in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.
Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it's information about salt mining, canal mules, or personal finance.
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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.
How to redeem rewards on Discover credit cards
Here's how to redeem Discover rewards:
Log in to your online Discover account.
Select "Ways to Redeem," located underneath your rewards balance.
Choose how you want to redeem your 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.
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, 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
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)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
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)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Good/Excellent (670-850)
Welcome Offer:
Discover will match all the cash back you’ve earned at the end of your first year.
Welcome Offer:
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.
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%, 6 months
Balance Transfers: 0%, 18 months
Regular APR:
18.49% - 27.49% Variable APR *Rates as of December 12, 2024.
Regular APR:
18.49% - 27.49% Variable APR *Rates as of December 12, 2024.
Annual Fee:
$0
Annual Fee:
$0
Highlights:
INTRO OFFER: Unlimited Cashback Match for all new cardmembers–only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
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.
Redeem your rewards for cash at any time.
Apply and you could get a decision in as little as 60 seconds. No annual fee.
Start shopping and earning rewards in minutes with our digital card, before your physical card arrives in the mail, if eligible.
Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
Get a 0% intro APR for 15 months on purchases. Then 18.49% to 27.49% Standard Variable Purchase APR applies, based on credit worthiness. Rates as of December 12, 2024.
Terms and conditions apply.
Highlights:
INTRO OFFER: Unlimited Cashback Match for all new cardmembers–only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.
Get a 0% intro APR for 18 months on balance transfers. Then 18.49% to 27.49% Standard Variable APR applies, based on credit worthiness. Rates as of December 12, 2024.
Redeem your rewards for cash at any time.
Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
With these cards, you have four redemption options available for cash back, each offering the same value:
Cash: Select whether you want a statement credit on your credit card bill or an electronic deposit to your bank account. Enter the amount of cash back you want to redeem, and then submit your redemption. You can also set up automatic cash back redemptions every month.
Pay with Rewards: You can link your Discover card to your Amazon and PayPal accounts. This allows you to pay with rewards during checkout at Amazon and when you use the PayPal checkout option at online merchants that offer it.
Gift cards: Choose the gift card you want and submit your redemption. You can filter gift cards by the type of business offering them and the minimum gift card amount. Certain gift cards have higher minimum purchase amounts. Discover often has added value on gift cards, where you can get a gift card worth more than what you pay for it.
Charity: Pick a charity from the list, enter the amount you want to donate, and submit your redemption.
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:
Travel Credit: Apply Miles as a statement credit to travel purchases made within the last 180 days.
Cash: Select the number of Miles you want to redeem for a direct deposit to your bank account.
Pay with Rewards: Just like with cash back Discover cards, Discover's travel card also lets you link your Amazon and PayPal accounts. You can then use your Miles during the checkout process with Amazon and online merchants offering checkout through PayPal.
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.
Choosing a credit card
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.
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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. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Discover Financial Services is an advertising partner of Motley Fool Money. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Lyle Daly has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and PayPal. The Motley Fool recommends Discover Financial Services and recommends the following options: long January 2027 $42.50 calls on PayPal and short December 2024 $70 calls on PayPal. The Motley Fool has a disclosure policy.
The Motley Fool has no position in any of the stocks mentioned.
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