Best Redemption Options for Discover It Cash Back Rewards

In the past, we talked about cashing out Discover It points as a statement credit or cash. There's a better way if you're looking to make a purchase.

Interested in getting the Discover It card? Use our referral link to get a $50 signup bonus, which is really $100 with the first year Cashback Match: http://bit.ly/asksebby-discoverit2

The Discover Shopping Portal

1. Login to your Discover account
2. Click on "Reward Details"

reward details

reward details

3. Browse gift cards or browse e-certificates (both lead to the same page)

browse gift cards or ecertificates

browse gift cards or ecertificates

The main benefit of the gift card portal is that you can get more than 1 cent per point in value. If you redeem the cash back in the Discover shopping portal, you can earn 10-50% back. Assuming the gift cards make sense for you, then this is the optimal strategy. 

Discover 3.png

Best Value

If you want the quick answer and you don't want to spend too much time sifting through stores, go to the "Best Value" tab.

select "best value"

select "best value"

The one that stands out to me is Alamo Rent-A-Car. You can buy a $40 gift card for $20 cash back value. 

With a lot of the options, there may be terms involved, so be sure to read the fine print. For Alamo, you can only use one certificate per Alamo rental, and it's not valid with any other promotions or special rates. 

The cruise options like Carnival and Celebrity Cruises, $40 cash back will get you $80 in value.

GC 6.JPG

If you click into the cruise deal, you can get an even better deal by upgrading the room tier.  Again, be sure to read the fine print to see if it's right for you. 

cruise fine print

cruise fine print

The one thing I don't recommend redeeming points for is Amazon.com because you can earn 5% cash back in Q4 2017

Discover Q4.JPG

Restaurants are a decent option. Most of the restaurants are offering $25 gift cards for $20 cash back. 

restaurants

restaurants

Interested in getting the Discover It card? Use our referral link to get a $50 signup bonus, which is really $100 with the first year Cashback Match: http://bit.ly/asksebby-discoverit2