How To Receive Your Cash Back From Discover It

discover itThe Discover it® cards is one of the leading reward cards on the market. Cardholders receive 1% cash back on their purchases, or 5% bonus cash back from up to $1,500  each quarter from select categories of merchants.

Another great thing about this card is how many ways that cardholders can use their cash back bonus.

Redeem for cash

Cardholders can have their bonus deposited directly in their bank account where they can use it to withdraw cash, write checks, or pay bills. In addition, cardholders can receive their cash back bonus as a statement credit.

Pay with cash back bonus

Another option is using their cash back bonus to pay for an online purchase through sites such as Amazon.com, Disney Club Penguin, Facebook, iTunes, and others. This can be a convenient way for cardholders to use their cash back to reward themselves. There is no minimum purchase amount.

Partner gift cards

Cardholders can also redeem their cash back in the form of gift cards for major retailers such as Outback steakhouse, Lowe’s home improvement stores, or Shell gasoline stations. These rewards can be requested as a physical gift card received in the mail, or an eCertificate sent via email.  These cards are available starting at $20.

Discover Gift Cards

Yet another option is redeeming cash back bonus in the form of a Discover gift card. These gift cards are debit cards that can be used anywhere Discover cards are accepted, and they make for great holiday gifts. These cards are also available starting at $20, however they are not available to residents of Colorado, Connecticut, Hawaii, Maine, New Hampshire, New Jersey, Rhode Island, Tennessee, and Vermont.

Charitable Donations

Finally, cash back bonuses can be offered as a charitable donation to several major organizations such as the American Red Cross, Junior Achievement, and Operation Homefront.

How to pick

Cardholders can chooses the way they want to receive their bonus by logging on to Discover’s online account center. Otherwise, they can call 1-800-DISCOVER (1-800-347-2683) to redeem their cash back bonus.

With all of these options available, Discover it cardholders can choose the one that makes the most sense for their family’s needs.

  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014 when you sign up.*
  • Human. 100% U.S.-based customer service available any time.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on purchases and balance transfers for 14 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other information.
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 14 months*

0% for 14 months*

10.99% - 22.99% Variable*

$0

Excellent Credit



  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014 when you sign up.*
  • Human. 100% U.S.-based customer service available any time.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other information.
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 6 months*

0% for 18 months*

10.99% - 22.99% Variable*

$0

Excellent Credit


About the author

Jason Steele

Jason Steele is a freelance journalist specializing in personal finance and travel and is recognized as an expert in credit cards. He is a regular contributor to many of the top personal finance sites such as Wise Bread and Money Talks News. His work has been frequently carried on mainstream news outlets such as MSN Money, Yahoo, Finance, and Business insider.

Jason lives in Denver Colorado with his wife and two daughters.

– has written 251 posts.

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