How does the Discover it Cashback Bonus work?

The Discover it Cashback card is a great rewards card that offers very competitive cashback rates with no annual fee. The card offers a cashback bonus of 5% on rotating categories on spending up to $1,500 and 1% on all other purchases. 

So how do you earn Cashback Bonus?

It's pretty simple. When you make purchases in a specific category using your Discover it Cashback card, Discover multiplies the purchase amount by 5% (0.05) and adds that amount to your Cashback Bonus account within two billing cycles. This 5% cashback is limited to up to $1,500 in purchases. When you make purchases beyond that amount, or in other categories, you get 1% Cashback Bonus. 

How can you redeem your Cashback Bonus?

You can redeem your collected cashback through:

• Gift cards or instant eCertificates from select merchants - starting at $20
• Charitable donations to select charities
• Credits to your account
• Electronic deposits into any account you designate
• Payments with Cashback Bonus at select merchants

These versatile redemption methods allow you to use your accumulated cashback in any way you want and add to the simplicity of this card. 

Does Cashback Bonus expire?

No, your accumulated Cashback Bonus never expires and you can collect the rewards of your purchases in your account without worry. Discover automatically credits the cashback balance in your account after 18 months of no redemption.