One of the gotchas of credit card rewards can occur when cardholders cancel their cards and lose their rewards. In other instances, reward cardholders must earn a certain amount of rewards in order to have the chance to redeem them. Yet Discover, one of the leading issuers of reward credit cards, recently announced that it would become the first and only credit card company to offer cardmembers no forfeitures, no threshold and no expiration date when redeeming Cashback Bonus rewards.
The revamped rewards program comes from the company’s that was the first to ever offer cashback rewards. With these changes, Discover cardholders will have more control over the rewards that they earned Cardholders can now redeem their Cashback Bonus, no matter how much they have earned. [click to continue…]