If you redeem the cash back in the Discover shopping portal, you can earn 10-50% back. In a Nutshell: The Discover it Cash Back card offers a substantial amount of value for cardholders who don’t mind keeping track of rotating bonus categories; but what really sets this card apart from its competitors is its consumer-friendly terms and ultra generous sign-up bonus, which matches the amount of cash back you earn at the end of the card member’s first year. Pretty much the only way I found to beat this is with a small army of cards dedicated to separate categories. To get the most out of your Discover cash back credit card rewards, just use your card on every purchase. You may use your Discover card, an Amazon.com gift card, an Amazon Payments Account or a Promotional Coupon to pay for the remainder of your order if you don’t have enough points to redeem for entire amount of your order. While there are a few cards with annual fees that have nice benefits, I personally didn't find that they wound up outweighing the chance that my lifestyle would change or a better card would come along and I would need to close the account. But you can often get shell cards at a bigger discount on ebay. Stick to churning CCs rather than exploiting their return policy and inflating retail prices for the rest of us. Assuming the gift cards make sense for you, then this is the optimal strategy. The Discover it Student Cash Back card is virtually identical to the non-student Discover it Cash Back card, minus some differences in rates and fees. Since this card has no annual fee that means you can earn quite a profit. I only paid $59.49 on my credit card. Bought $25 Staples GC's with $20 Discover cashback and then flip to ABC for like $22. Numerous Reddit members noticed that their Costco.com purchases on the Discover IT card are no longer showing up as Wholesale Clubs and earning 5%, as per the Q2 2017 category.Since around April 20, they’ve been showing as Merchandise and not earning 5%. Can redeem rewards for cash back, gift cards (gift cards range from $5 to $200, in increments of $5), charity or Amazon.com purchases; Lower credit card APR and fees; $20 statement credit for good grades (GPA of 3.0+ required, up to 5 years) Ability to choose your card design or color; Decent sign-up bonus, depending on how much you spend Click the Gift Cards link on the left hand side. Discover will automatically match all the cash back you’ve earned at the end of your first year! The main benefit of the gift card portal is that you can get more than 1 cent per point in value. As far as risk is concerned, you're selling ecodes online, not mailing them in. All customers get FREE Shipping on orders over $25 shipped by Amazon. I agree it's not much. For example, I bought CVS gift cards online using my Discover card. Good site to go http://www.topcashback.com/ref/hustlenomics916. I then bought a better blender for $434.49 after the 20% discount I got. 70. Search Discover. Cookies help us deliver our Services. This was for the Discover card, as the Capital One card was still just paying my Netflix bill. Get back up to 5% of the total purchase price ; Use your earned Cashback for purchases; You can opt to have your Cashback paid out from 25 QAR; Shopping Points. All in all its easily $60/hour to go this route if you have 15-30 mins set aside. 88% Upvoted. Archived. I can't keep up with all the comments so I am just going to list suggestions here without all the details, I researched Cash-Back credit cards so you don't have to [Effort Post], Must be deposited into Fidelity Account to get 2%, Must deposit to Ally account to get 2.2% / 1.1% (2% / 1% otherwise), 3% Groceries \ 2% Gas & Department Stores, 5% Choose 2 Categories \ 2% Everyday Category, 3% Choose Category \ 2% Groceries & Drugstores \ up to 75% bonus on all cash back w/ Premium Rewards, 5% Amazon & Whole Foods (w/ Prime) \ 2% Gas, Dining, & Drugstores, Limit: $1,500 in purchases on selected category, 3% Apple \ 2% w/ ApplePay1% w/ Physical Card, 4% Dining & Entertainment \ 2% Groceries \ 8% VividSeats purchases, 8% Cash Back @ Vivid Seats through May 2020, Uber Visa -$0 fee - 4% Restaurants \ 3% Travel \ 2% Online purchases \ 1% everything else, Alliant Platinum Rewards - $0 fee - 2% back, Capital One SavorOne - $0 fee - Dining & Entertainment. 82 comments. MANAGE YOUR CARD. All Discover purchases earn rewards. Check your remaining balance or activate an unused Discover Gift Card. The best value I've found for cash back redemption with discover has been with their gift cards - they have several stores that I frequent and offer 5-10% more in redemption if rewards are redeemed for store gift cards. A place to discuss credit cards to profit from sign-up offers. Personally I am not a fan of the annual fee associated with this card, but if you are just about those promo offers, $500 is nothing to scoff at. For example, I went with Staples, for which Discover was offering $25 eCertificates for $20 in rewards (so 80% of the face value). Turns out, there are a few brands for which the redemption rate is lower than the publicly available resale rate. 00. Press J to jump to the feed. Everything Else Store; Toys & Games; Credit & Payment Cards; Collectibles & Fine Art; Gift Cards; Gift Cards See All 14 Departments. Avg. Here's a better way to explain how cool this is, if you bought something expensive from Bed Bath and Beyond you could just return it. But what makes this an interesting option is that you receive $5 added to each gift card for free. Bank Account. I've done this before. save. CASHBACK. When you redeem your Cashback Bonus® rewards for featured gift cards (starting at $20), at least another $5 is added to each gift card. Most important, it's not even unethical Discover cash back cards allow you to earn cash back on every purchase, with bonus rewards offered for some of our cash back cards on qualifying purchases like gas, groceries and more. They do Shell Gift Cards so you can gain money back on gas if you have Shell around you. This is not financial advice for your situation and you should do your own research before applying for any cards. Your Discover Cashback Bonus ® never expires, and you can redeem it in any amount, at any time.. By understanding how the Discover Cashback Bonus ® program works, you can earn cash back on the things you buy. hide. Other wholesale clubs like Sam’s are not effected. Log In Opens modal dialog; Credit Cards. GiftCardWiki showed several options to resell at 84%. You can filter gift cards by the type of business offering them and the minimum gift card … If you’re trying to get multiple Discover cards, there are a few rules: You can only have up to 2 Discover It cards at one time; You can only have 1 student card at one time; You can only have 1 new card every membership year — after you receive the cashback match check. Discover it ® Cash Back is a credit card that gives you cash back rewards on every purchase, allowing you to rack up bonuses to redeem at select merchants or for cash. I always get gift cards for clothing stores then go out with my friends and offer to pay for them while they send me money through Venmo. Obviously not a huge gain here, but $5 is $5, and different times/promos may offer even larger gains. Gift Cards. One of the more interesting ways to use your cashback rewards from Discover is to receive gift cards. If they made you get the balance as gift card then why would Chase have removed the $3.30 of cash back? FREE Shipping. Recently, I've been getting into gift card reselling, so when I went to redeem my rewards today, I looked at the gift card redemption options. So you're essentially doing return fraud in order to keep up with the Jones'? Your Shopping Benefits. Recently, I've been getting into gift card reselling, so when I went to redeem my rewards today, I looked at the gift card redemption options. US Bank Cash+ Select 2 categories of your choice and receive 5% cash back up to $2,000 / qtr is just about the best I found anywhere. report. Reselling GCs seems like too much risk for little reward, where Staples seems happy to let me cash out and give me free paper. Pretty much getting 20% off + paper + a bunch of little VGCs to spend wherever. Discover replacing Cashback Checking rewards structure with 1% cash back on debit card purchases. I've had many issues with Staples rebates and I refuse to babysit processes that take longer than a week to come full circle. Close . Final Thoughts. In this post, I will show you some good redemption options (in my opinion) from Discover in the form of gift cards and egift cards. Please let me know if I made any mistakes or if you have a better card that should be on this list! I'll admit the tiny gain isn't really worth the risk though. 4.7 out of 5 stars 804. 4.3 out of 5 stars 1,127. Gift Card Help; Search. Using gift cards instead of store cards. Basically it pays to Discover :). Check for tax (shipping address dependent, some states don't tax download version). TopGiftCards offers gift cards that are available to buy for your friends or family, and you can then earn cashback on the value of that gift card. I have like $1200 discover cash back. Citi DoubleCash 2% interest with no annual fee and no restrictions makes this my current catch-all card. The one exception to this is when redeeming cash back for gift cards. For example, if you bought a gift card with £20 credit on it for a brand offering 5% cashback, you would get £1 cashback tracked back to your account. By default, you will see all 140 gift card and egift card options. I used 15 bed bath and beyond gift cards that I got from Discover card, the bed bath and beyond site allows you to. Since there’s no annual fee, all cardholders who pay off their balances in full will come away with cash. But a gift card also can mean giving up the retailer discounts associated with that store card… SanDisk 64GB Extreme PRO SDXC UHS-I Card - C10, U3, V30, 4K UHD, SD Card - SDSDXXY-064G-GN4IN. By using our Services, you agree to our use of cookies.Learn More, Since the summary table is all anyone cares about, here it is up front. 4.8 out of 5 stars 39,549. Turns out, there are a few brands for which the redemption rate is lower than the publicly available resale rate. My Experian VantageScore 3.0 remained unbothered by the suddent increase then decrease in utilization. APR is 14.24 - 26.24. Despite the annual fee Capital One Savor offers a $500 promo if you think you are going to spend more than $3,000 in the first 3 months. Costco and Amazon Amazon nets 5% and Costco nets 4% back total on purchases with those retailers if you have a membership. Discover replacing Cashback Checking rewards structure with 1% cash back on debit card purchases. As for the US Bank Cash+, I really like this card because I can see keeping it open for quite a long time due to it's great rewards and flexibility to adapt to life changes. Press question mark to learn the rest of the keyboard shortcuts, http://www.topcashback.com/ref/hustlenomics916. That dinged my TransUnion FICO Score 8 (provided to me by Capital One via CreditWise) from 710 to 693. This comment and all following are all pretty contradictory... New comments cannot be posted and votes cannot be cast. That is way quicker than selling. How do you make your cash back rewards worth it? Which means I made $75 overall. This thread is archived. $19.95 $ 19. 3. I've never had any issues with ABC, so I felt pretty safe doing it. Selfishly, I made this list for myself as I was deciding which cards to apply for. I had ~$100 in rewards, so I redeemed for $125 in Staples certificates and then sold them to ABCGiftCards for $105; the whole process took about 5 minutes. In this video, I will be reviewing the Discover It Cashback Card. share. Chase Freedom Unlimited, US Bank Cash+, & Bank of America Cash Rewards all offer $150 when you spend $500 in the first 3 months which is an astounding 30% back! I personally find it worthwhile and I do value my time (2 year old and a newborn). If I find that I am spending more than $1,000 on the Citi DoubleCash I will probably apply for the Alliant Signature Visa since I will be over the breakeven point. Took me maybe 15 minutes of my time and I didn't have to spend to have a statement balance to be credited against. $ 50 gift card for free full $ 330.21 returned to my credit card 434.49. Brands for which the redemption rate is lower than the publicly available resale rate that does n't matter,. Cards so you 're selling ecodes online, not mailing them in ways to use your Cashback from. With ABC, so I felt pretty safe doing it card for free to... End of your first year annual fee and no restrictions makes this an interesting option is that you receive 5. 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